Great News! Biggest Gain in Sensex in Last Few Months
There is no need to update you all, that UPA government won the trust vote and it got big thumbs up from the stock markets as well. What a relief for us!
Today, Sensex spurted by 850 points as it again came close to 15000 marks that was looking a very distant target only a couple of days ago. The biggest gainers of the market were power stocks as well as the ADA group stocks while banks too maintained the momentum they have shown in past few days.
All the sector indices were up. Volumes were extremely good and the breadth was excellent.
So far the leaders from banking, Power, Realty and Infra have had a very good run up. Even though, it has been discussed that stocks like SBI, Reliance Cap, L&T, Bhel, REL, NTPC and ICICI bank might consolidate. Nifty faces immediate resistance around 4510 and a stronger one around 4570 while support is now at around 4390-4410 and a stronger one around 4335-4350.
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