Broader indices underperform benchmarks - Eastern Financiers

Above estimated third quarter earnings and the eased WPI number that has strengthened hopes of rate cut by Reserve Bank in its policy meet impelled the benchmark Nifty to its two years high, despite of somber global markets.

Nifty surged above the 6050 mark to hit an intraday high of 6068.50 before it ended the day at 6056.60 with gains of 32.55 points and the Sensex ended the day with gains of 80.41 points at 19986.82 after hitting an intraday high of 20036.82.

Broader indices however underperformed the benchmarks that ended assorted with the midcap index clambering about a quarter percent while the Smallcap index marginally edged lower.

Source : Equity Bulls

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