Mumbai: After Abu Dhabi got ready to bail out Dubai, buying activity was seen in auto, IT and oil & gas space while FMCG stocks were marginally lower.
Bombay Stock Exchange’s Sensex was at 17256.54, up 137.51 points or 0.80 per cent. The 30-share index hit a high of 17275.19 and low of 17088.92.
National Stock Exchange’s Nifty was at 5148.85, up 31.55 points or 0.62 per cent. The broader index hit a high of 5156.70 and low of 5101.40.
“Markets need strong leadership and buying into frontline index stocks which could help the market to move and hold above 5200.”
Currently we are seeing that pressure is seen in the leadership sectors like bank, oil & gas and reality due to which the index is under pressure,” said Nirmal Bang report.
