Markets Close in Green

The Indian markets witnessed buying in today’s session that helped it to close on a positive note. Markets have extended gains in late noon trades on continued buying in the realty, banking and metal space. The Sensex after opening with a positive gap on the back of strong global cues moved upwards and touched a high of 17,157. It ended near that level at 17,065 up by 202 points. Nifty ended up 60 points at 5,124. On the global front stocks jumped on bargain hunting after the recent steep decline. Nikkei gained two per cent on short covering after three consecutive days of losses. In Europe too, CAC has surged two per cent to 3,029. DAX gained 2.4 per cent to 5,319. Going forward, the markets may take cues from the US President Barrack Obama's speech to the Congress, due on Thursday, highlighting ways to boost hiring. Federal Reserve chairman Ben Bernanke is scheduled to discuss the nation's economic outlook on the same day, in Minnesota. On the Indian front the main gainers for today’s session are the realty, power and capital goods indices. Market breadth was positive with 1938 advances as against 913 declines on BSE.