Stock Market Updates for Today (23rd June '11)
Shrugging off weak global cues and the data revealing a surge in food inflation, equities, led by Reliance Industries, and a few other heavyweights including ITC, ONGC and Infosys, surged higher and lifted the benchmark indices Sensex and Nifty to a buoyant close on Thursday.
Amid concerns about slowing U.S. economic growth and some weak data from the Asian region, the market got off to a weak start this morning. However, stocks rebounded soon, and, despite turning a bit listless at times, managed to sign off on a positive note today.
The Sensex, which rose to 17,454.55 in early afternoon trade, ended the day with a gain of 176.86 points or 1.01% at 17,727.49. The Nifty settled at 5320, recording a gain of 41.70 points or 0.79%. It touched a high of 5330.60 during the day.
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