Greetings from StockInvestingTips, your one stop website for daily updates about Indian stock markets and much more. Today turned out to be yet another good day for indian stock markets as benchmark indices including 30 component most watched SENSEX and NSE's NIFTY index both closing higher today.
Indian stock markets got boost from strong FDI's, Indian government cleared FDi worth 1200+ crores today, Further boost came when Merill Lynch said that "worst is over for Indian economy". The large cap index closed just shy of 20k mark today, Sensex closed with a gain 80.41 points at 19,986.82 However it did cross the 20000 mark during the days trade today.
The broader index NIFTY closed with a gain of 32.55 points at 6,056.60, after touching day's high of 6,068.50. Stocks from Auto sector, banking, Realty lead the rally. Indian markets shall remain in bullish mood for rest of the week as investor hope of interest rate cut by RBI in coming days.