The market witnessed smart rally on F&O expiry day and the benchmark indices ended with over 1% gains at close. The NSE Nifty closed above its psycological 5400 mark. Strong buying was seen in oil & gas, auto, realty, metal and capital goods stocks. However, broader indices were ended flat.
Nifty ends above 5400; Oil & gas surges 3% - Moneycontrol.com
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And looks like the next quarter will be no different. Market veteren Nirmal Jain of IIFL feels the market will continue to remain under pressure in the first quarter of FY11-12 due to earnings downgrade. Going forward, he sees market consolidating in a tight range. Top gainers on the Sensex were ONGC at Rs 273.70 up 4.21%, DLF at Rs 217.65 up 3.59%, Hero Honda at Rs 1,862.15 up 3.37%, Reliance at Rs 933.30 up 2.92% and Cipla at Rs 320.25 up 2.83%.Nifty ends above 5400; Oil & gas surges 3% - Moneycontrol.com
