PreMarket Nirmal Bang 25th May

DSIJ Intelligence / 25 May 2010

The markets opened with an upside gap on account of buying seen across the Reliance Group companies as Mukesh and Anil announced that they are ending non-compete agreements in a step they hoped would lead to cooperation between the two groups. Market gave off most of its gain to end marginally in green. Major sectoral indices ended weak. The Sensex closed at 16,470 up 24 points after trading in the range of 16,758-16,413. Nifty closed at 4,944 up 13 points after trading in the range of 5,030-4924. The small-cap and mid-cap indices were up by .61 per cent and .02 per cent respectively. The breadth of the market was positive and the turnover...

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