08 July 2011

Sensex consolidates


The benchmark Sensex entered into a consolidation phase after sharp rally seen in yesterday's trade backed by foreign money. It seemed that market already factored in positive global cues.
Both benchmarks were hovering around their previous closing values.
At 9:19 hours IST, the 50-share NSE Nifty declined just 1.5 points to 5,727 while the 30-share BSE Sensex gained 11 points at 19,089. The Nifty July futures were trading with 14 points premium.

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