Indian Markets end on buoyant note on hopes of rate cut by RBI - Microsec

Indian markets ended on a buoyant note on Thursday on hopes of rate cut by RBI on May 3. Sustained buying was seen in rate sensitives.

Nifty closed at 5999.35 up by 69.15 points or 1.17% over the previous day closing of 5930.20 after witnessing a low of 5910.95 and a high of 6019.45. Sensex closed at 19735.77 up by 231.59points or 1.19% over the previous day closing of 19504.18.It touched an intraday low of 19451.26 and high of 19792.00.

The markets' breadth was positive. Out of 2511 stocks traded 1271 stocks advanced, 1117 stocks declined and 123 stocks remained unchanged. In Sensex, Out of 30 stocks 18 stocks advanced and 12 stocks declined.

Among the sectors, BSE IT, BSE Teck and BSE Capital goods were the main gainers of the day which increased by 2.55%, 2.07% and 1.59% respectively.

In BSE IT sector, TCS, Infosys, and HCL Tech increased by 3.84%,2.35% and 2.27% respectively. In BSE Teck sector Rcom, Tulip Telecom and Sun Tv network advanced by 8.30%, 4.87% and 3.13% respectively. In BSE Capital goods sector Havells India, L&T and BHEL increased by 3.31% 2.61% and 1.93% respectively.

Source : Equity Bulls

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