Markets make brisk recovery; IT stocks continue upward movement

June 5th, 2008

The stock markets made a brisk recovery in the last hour of trade. The NSE Nifty is at 4626.85 point up 0.90% while the BSE Sensex is at 15,594.26 points and is up 0.51%

IT stocks gained the most in this session followed by Health care and FMCG. The focus is clearly on defensive stocks at the moment. The most gainers amongst the IT stocks are Satyam Computers, Infosys, Wipro, Polaris, HCL Tech which are on a good recovery course post the USD upward movement.

Most active stocks of the day so far include Reliance, ONGC, Bharti Airtel, Reliance Capital, L&T, Infosys Technologies, ICICI Bank, Reliance Petroleum, DLF and IFCI

Entry Filed under: Equities

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