Markets Witness Lacklustre Move to End in Green

The markets continue to trade sideways on lack of fresh triggers that could help the market move northwards. Earlier the day, the markets started on a strong note with the Sensex opening up 220 points. This jump was on back of positive cues from Asia and Wall Street. However, as the day progressed the markets pared some of its early gains. In the afternnon trades the markets again regained some strength as RIL started moving north. From there on the markets continued to move sideways. The food inflation touching a four month low failed to have any effect on the market. In the Asian markets, after a positive opening, the indices continued to trade higher. The Hang Seng finally closed up 0.8 per cent at 23,448 while the Nikkei advanced nearly 2 per cent. Jakarta Composite was the top gainer in the Asian markets advancing 2.2 per cent. Shanghai Composite, Straits Times, Seoul Composite and Taiwan Weighted gained 0.6 – 1 per cent. The European markets too have opened in the green. CAC and DAX are trading higher by 0.2 per cent and 0.3 per cent.