Today Indian Stock Market Rises 130 pts Nifty ends at 77588

Sensex rises 130 pts, Nifty ends at 7758.8; M&M, Bharti surge 4% M&M and Bharti Airtel topped buying list on Sensex, up 4 percent followed by Infosys, Tata Motors and Hindalco with 2-3 percent upside while ITC, Axis Bank and Maruti Suzuki declined 1 percent each. Money CapitalHeight analysis is solely based on the economic news & deep technical analysis done by our experts. We provide all intraday tips, services through SMS and Instant Messenger. For more info visit www.capitalheight.com or call at +91 9993066624, 0731 - 6615050.
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Though some weak spells are likely for the stock market in the event of the central bank coming out with a lower than expected rate cut tomorrow, one with a medium or long term view can stay invested in front line rate sensitive stocks. Sharp declines can be use to increase exposure. With several blue chip stocks trading firm and extending their gains, the market now looks set to end on a positive note today.
A positive opening in European markets and a fairly steady display by Asian markets contribute to the firm undertone here. Meanwhile, investors are looking ahead to the RBI's monetary policy review, due tomorrow. Equity benchmarks gained strength again in late trade. The Sensex rose 130.01 points to 25399.65 and the Nifty climbed 45.75 points to 7758.80.
The Indian stock market breadth remained strong throughout the session as about two shares advanced for every share declining on BSE. M&M and Bharti Airtel topped buying list on Sensex, up 4 percent followed by Infosys, Tata Motors and Hindalco with 2-3 percent upside while ITC, Axis Bank and Maruti Suzuki declined 1 percent each.