Stock Market Outlook for the Day (26th May '11)
Sustained buying in a few heavyweight stocks, including Reliance Industries and ONGC, lifted the market to a positive close today. While a firm trend in global markets set up a bright start, short-covering ahead of May series derivatives expiry lifted several stocks and enabled the benchmark indices Sensex and Nifty to wipe off previous session's losses.
While the Sensex, which rose to 18,072.61, ended the day at 18,044.64 with a gain of 197.40 points or 1.11%, the Nifty settled at 5412.35, slightly off the day's high of 5422.20, recording a gain of 63.40 points or 1.19%.
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