After three days of losing streak Indian bourses opened strong. Huge buing was seen across sectors. Beaten down sectors like reality& Metal were hot favourites among traders during opening hour. Greenish trend in Global markets also played a major role in shaping the sentimence of Indian traders.
Yesterday sensex left behind 17,000 mark and Nifty came down from 5000 range.
Strong performance by congress and it's allies in the assembly elections held in Maharashtra, Haryana and Arunachal Pradesh is another reason for today's buying interest. Hike in crude oil price and rising inflation are major concerns. But the hope on congress in greater than anything else. It is advisable to buy beaten down index stocks now. During afternoon there will be some profitr booking and market may close in flat note.
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