Pull back in last one hour of trading session, enabled indices to recover from red into the positive territory, making it another good day for the bulls. For the second straight session Nifty managed to gain more than 100 points intraday from the lows to close the day on a stronger note.
Almost all the sectoral indices closed up in green. Banking and Realty stocks led the rally today. Telecom services providers like Bharti, Idea witnessed selling pressure after a news report of Telecom Ministry disallowing telecom operators to offer 3G services through roaming in zones where they do not have their own 3G airwaves. IT stocks too closed in red.
Nifty hit the intraday low of 4640 during the trade. And it has recovered sharply in final hours of trading.Volumes were good and we saw some good leadership from HUL. Stocks like DLF and Ranbaxy had very good gains today and many of the banks like ICICI Bank, State Bank and Punjab National Bank also continued to recover.