Stock Market Update for Today (13th July '11)
The market opened on a bright note on positive cues from Asia, gained in strength as the session progressed with investors going on some hectic bargain hunting after recent losses, and ended with notable gains on Wednesday.
Though movements remained a bit sideways at times, the market never really was in danger of losing its grip in positive territory as investors kept picking up front line stocks amid expectations of strong results. European markets were a bit mixed amid worries about debt crisis in Greece, Portugal and Ireland, but the mood back home remained fairly upbeat till the closing bell.
The Sensex, which rose to 18,626.41 a few minutes before close, ended the day at 18,596.02, recording a gain of 184.40 points or 1%. The Nifty index of the National Stock Exchange closed at 5585.45, up 59.30 points or 1.07%.
Posts
