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.
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
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
