Nifty may take a pause near 6100 to 6130 range - GEPL Capital

Indian markets traded in the green today as several beaten down blue chips bounced back; namely RELIANCE INDUSTRIES (+0.07%), BHEL (+2.23%), JINDAL STEEL & POWER (-0.47%), etc. The RBI tightened gold import duty to squeeze current account deficit and this improved sentiments further. It was supported by positive global cues.

NIKKEI (+0.82%) rose on hopes of continuing of reforms by the newly elected Japanese PM. SHANGHAI COMPOSITE (+1.95%) & HANG SENG (+2.33%) were pushed up by the Chinese Premier's comments that China's GDP has hit a bottom at 7% and he won't let it go below that.

Back home, NIFTY (+0.76%) & SENSEX (+0.71%) ended the day with gains. The best performing broader indices were BSE CONSUMER DURABLES (+3.85%) and BSE BANKEX (+1.29%) while BSE HEALTHCARE (+0.18%) was the only loser.

Source : Equity Bulls

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