Markets Ends on a Positive Note

The Indian markets snapped its losing streak and bounced back sharply in today’s trade to end with handsome gains. The Sensex ended the day with a gain of 472 points to close at 16524 while the Nifty ended the day with a gain of 136 points at 4971. All the sectoral indices closed the day in green. The main gainer in today’s trade is the Realty index that witnessed a gain of more than four and half percentage points followed by the IT, Oil & Gas and Teck indices that ended with a handsome gain of more than three percentage points. It can be said that the Indian markets behaved in line with its global peers as the sentiments improved on speculation that the European leaders would come out with some solution for Greece’s debt crisis. The overall market breadth was positive with 1873 advances as against 952 declines on BSE. On the global front, European stocks climbed for a third straight day as policy makers increased efforts to contain the region’s sovereign-debt crisis. Asian shares and U.S. index futures advanced.