Indian equity benchmarks continued its upmove on Thursday morning following strong global cues, tracking earnings season. The Nifty was inching towards the 5900 level. Market Trend is on the upside, says Gautam Shah of JM Financial. "There is good possibility of market moving beyond 5900, so break above 5930 could lead to 200 points upside," he said. However, 5600 is the formidable base for the market, according to him.
Among frontliners, TCS gained 2% and Reliance Industries rose 1% ahead of earnings for the quarter ended January-March 2011 today evening.
Among frontliners, TCS gained 2% and Reliance Industries rose 1% ahead of earnings for the quarter ended January-March 2011 today evening.
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