Market Close Firm in Green

Today Indian market closed in green after some losses in initial session of trading. In morning, domestic markets traded in negative despite of the Asian markets were trading strong in positive zone. However, during afternoon session good buying in IT, technology and consumer goods stocks was seen. This has been coupled with strong positive opening of European markets. The European markets opened firm almost 2 percent up in positive. However, some profit booking has seen in the end of trading session. However the domestic markets closed firm with almost 1 percent gain. The benchmark indices, Sensex and Nifty were closed at 16,498 and 4,948, up by 0.96 and 1.02 percent respectively. All the sectoral indices on Bombay stock exchange closed in green except PSU index closed down with 0.02 percent marginal losses. The IT, consumer good and consumer durable indices were up by 3.94, 1.69 and 1.48 percent respectively. The market breadth was positives with 1824 advances against 988 declines on Bombay stock exchange.