shot up over 100 points, ahead of Election results on Saturday. This sharp rally was despite the weak IIP (Index of Industrial Production) data, which came in at -2.3% for March. Huge buying in technology, banking, realty, telecom and infrastructure stocks supported the markets to show strong upsurge.
Full Story: Nifty ends above 3650; IT, Bank, Oil & Gas, teck up 4-5% - Moneycontrol.com
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Among the frontliners, HDFC, Wipro, ICICI Bank, Bharti Airtel, Infosys, Reliance Industries, Hindalco and BHEL were up 5-7.7%. Jaiprakash Associates, M&M, Reliance Communication, HDFC Bank, Tata Motors, Reliance Infrastructure, TCS and DLF gained 3.5-4%. The fifth and last phase of Election polling will begin tomorrow (May 13, 2009) and the results will be out on May 16, 2008, Saturday.Full Story: Nifty ends above 3650; IT, Bank, Oil & Gas, teck up 4-5% - Moneycontrol.com
