Indian Stock Indices | SENSEX and NIFTY smiles at close

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Major Indian stock indices saw a sight of relief today as it ended the 5 day downward trend by closing up by more then 1 percent, thus displaying that investor's confidence is back as heavy stock purchasing was seen today.

Vibrant Gujarat submit attracted about 11 lac crores of investment in MOU's which is huge number even if 20 percent of MOU's signed becomes a ground reality. This showed that Indian corporate houses are having lot of confidence in investing in Inddia particularly Gujarat which has it's economy booming by 11 percent (Above the national Average) and boasting of Ahmedabad as third fastest growing city in world. Kudos to Narendra Modi for such unparallel governance and Industrial policies.

The bad news for today is that the industrial production declined to 2.7 percent in Nov 2010 from 11 percent in Oct 2010.

Coming to today's analysis of Bombay Stock Exchange's Sensex is that it closed at 19534.10, up 337.76 points, IT stock led the list of gainers as strong numbers are expected in last quarter. The 30 component largecap index touched high of 19574.63 during intraday trading today.

The National Stock Exchange's NIFTY also remained in upbeat mood through out the day. The broader index NIFTY closed up by 109.15 points at 5,863.25.

For Full tracking of SENSEX in January 2011 click here.

SECTORAL PERFORMANCE FOR TODAY:

Majority of the sub-indices of Bombay Stock Exchange also followed SENSEX and remained in green through out the trading sessions today.
BSE Midcap Index closed up by 1.68 percent and BSE Smallcap Index moved 1.42 percent in greener side. BSE Realty Index moved up by 3.27 percent, BSE Metal Index gained 2.80 percent and BSE Bankex followed 2.66 percent. BSE Capital Goods Index was on the wrong side and closed down 0.18 percent.

HAPPY TRADING!