Markets Close on a Positive Note

The Indian markets after witnessing lacklustre move in the morning trades witnessed some buying interest in the second half of the day to close on a positive note. The Sensex closed up by 100 points at 17165 while the Nifty closed at 5153 up by 28 points. The declaration by Barrack Obama to inject USD 300 billion created renewed interest among the IT shares that witnessed maximum buying closing the day with a gain of nearly two percentage points. The other gainers in today’s session are the IT, Oil & Gas and Teck indices that gained by more than one percentage points. Market breadth is positive with 1733 advances as against 1099 declines. On the global front, European stocks gained, extending the Stoxx Europe 600 Index’s biggest rally in three weeks, as investors awaited interest-rate decisions from the European Central Bank and the Bank of England. U.S. futures and Asian shares advanced.