Stocks rallied smartly today led by infrastructure and capital goods stocks. The BSE Sensex closed the day at 17,601 points, up 285 points, while the NSE Nifty closed the day at 5364 points, up 90 points over its previous close.
Infrastructure and capital goods stocks like L&T, Jaiprakash Associates and Reliance Infrastructure all rallied smartly in trade. Today's rally was across the board with very few stocks losing ground.
Among the few losers today were Sun Pharma, Hindalco and Cairn India. Tech Mahindra and Mahindra Satyam moved up smartly today following reports that the boards of both the companies had approved their merger.
Markets are continuing to exhibit a firm trend largely on account of the constant flow from foreign institutional investors. With liquidity continuing to remain easy the firm trend in equities is likely to continue.
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