Tuesday, May 7, 2013

Nifty For Tomorrow : Market Trend 8 May

The Indian markets ended 1 per cent higher on Tuesday with both benchmark indices hitting their highest intraday level since February 4, as foreign institutional investors bought frontline stocks on expectations of further rate cuts and pick-up in economic activity.

The 30-share index closed at 19888.95, up 215.31 points or 1.09 per cent. It touched a high of 19,917.88 and a low of 19,697.33 in trade today. The Nifty ended at 6,043.55, up 72.50 points or 1.2 per cent. It touched a high of 6,050.50 and a low of 5,982.95 in trade today. 

Foreign institutional investors have pumped in a staggering Rs 2,600 crore in the Indian stock market during the first two trading sessions of the month amid political and economic worries, as per report released on May 05.


Posted By Commodity MCX Tips