21 June 2011

Nifty bounces back


Indian equity benchmarks bounced back on Tuesday morning - theNifty was inching towards the 5300 level, on the back of stability in global market and after clarification from government on Indo-Mauritius tax treaty. Market had fallen for previous four sessions.
Reliance Communications, Reliance Infrastructure, Reliance Industries, Bharti Airtel, Cairn India, Tata Motors, Sesa Goa, Sterlite Industries, SAIL, DLF and L&T were leading the markets higher.
However, ONGC fell 2%. Cipla, Ranbaxy Labs, Grasim and Ambuja Cements too were on sellers' radar.
At 9:20, the BSE Sensex was trading at 17,620, up 114 points and the 50-share NSE Nifty went up 34 points to 5,292 amid volatility.

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