Heavyweight Reliance Industries has seen huge buying interest that pushed the Sensex 200 points higher again. Short covering as well as fresh longs build up has been helping RIL since yesterday; the stock gained another 4%. RIL added 2.8 lakh shares in the open interest.
The market was showing strong uptrend but profit booking at higher levels capped the upside. The 30-share BSE Sensex was trading at 16,617, up 199 points and the 50-share NSE Nifty gained 60 points at 4,980.
Nifty 5000 call added 8 lakh shares in open interest, which shows that the market may go up further. EvenNifty 5200 call added 5 lakh shares in open interest.
European markets too were quite supportive; France's CAC and Germany's DAX were up over 0.5%. Britain's FTSE rallied 2.8% (it was closed yesterday).
No comments:
Post a Comment