18 April 2011

Nifty Bounce Back

Indian equity benchmarks bounced back on Monday morning after a sharp sell-off seen on Friday due to poor guidance forecasted by Infosys. The Nifty has touched the 5850 level amid volatility. There was a bit of short covering too in trade today.

At 9:19 hours IST, the 30-share BSE Sensex was trading at 19,428, up 41 points and the 50-share NSE Nifty gained 10 points at 5,835. The Nifty April futures were trading at 12 points premium.

Among frontliners, TCS, SBI, ONGC, Hero Honda, L&T, Sterlite, HDFC Bank, Wipro, HDFC, Bharti, Tata Motors, HUL and Hindalco were leading the markets higher.

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