DATE: 27-1-2012
The market erased some early trade gains due to sell-off in financials and FMCG stocks, trading off highs (of 5217). Buying in metals and technology stocks, and index heavyweights Reliance, Bharti and L&T were playing a supportive role. The Sensex was up 110.74 points at 17,187.92 and the Nifty went up 28.55 points to 5,186.85.
"We are looking better than what it did a few weeks back", says Vibhav Kapoor of IL&FS. Attributing this improvement to steadier Europe and US situations, and better-than-expected corporate earnings at home, Kapoor told CNBC-TV18 that the momentum is likely to continue.
Major largecaps like Reliance Industries, Infosys and TCS gained 1.6%. Bharti Airtel jumped 2.5% and Tata Motors was up 2%.http://www.goldennifty.com
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