Nifty ends above 3650; IT, Bank, Oil & Gas, TECK up 4-5%
May 12th, 2009
It was a roaring session for the benchmark indices; the Sensex posted more than 500 points rally while the Nifty shot up over 100 points, ahead of Election results on Saturday. This sharp rally was despite the weak IIP (Index of Industrial Production) data, which came in at -2.3% for March. Huge buying in technology, banking, realty, telecom and infrastructure stocks supported the markets to show strong upsurge.