Markets stage smart comeback on global cues

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Markets stage smart comeback on global cues
Markets staged a smart recovery in trade today on the back of positive global cues. The BSE Sensex closed the day up 204 points at 17,257 points, while the NSE Nifty closed the day up 58.90 points at 5243 points.

Strong overnight cues from the US markets which spiked following dovish comments from Federal Chairman Ben Bernanke helped boost sentiments. Markets across Asia also rallied sharply with most of the major markets ending with gains.

Among the shares that gained today were DLF, Cipla, Sesa Goa, Hindustan Unilever etc. Among the shares that lost ground today were Maruti Suzuki, Ambuja Cements, NTPC and HCL Tech.

Shree Renuka shares gained smartly today following the EGOM's okay to export 1 million tonnes of sugar. However, shares of gold loan companies dropped sharply following new norms by the RBI. Shares of Manappuram Finance and Muthoot Finance lost heavy ground today.

Global cues are expected to determine the trend of the market going forward.

Read more about: sensex, nifty
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