<p>Domestic equities managed to close the extreme volatile session on a positive note as domestic and global factors combined to lift the BSE Sensex by 95 points to nearly a ten-month high of 15,103.55, with marginal gains led by capital goods, technology and cement, besides some selective stocks from metal and oil & gas sector.<br /><br />Key indices came off sharply from the day’s high in the final hours of the session to pare most of its gains due to profit booking selectively.<br /><br />However, most analysts on the Dalal Street see an appetite for India at this point – with the Union Budget 2009-10 to be unveiled by Finance Minister Pranab Mukherjee on July 3 – which may be more of a home-run rally if not “secular” bull-run rally with some sector rotation here and there but consolidation to continue at the current levels. <br /><br />Domestic institutional investors, however, remained heavy sellers in equity for the second successive day despite signs of a recovery in the Indian economy and the government’s reforms agenda in key sectors such as financial, infrastructure and realty.<br /><br />The popular Sensex closed the day at 15,103.55 points, an increase of 94.87 points or percentage wise 0.63 per cent, before touching an intraday high of 15,257.30 points.<br />However, the broader based Nifty at NSE, which was up over 3 per cent this week, closed at 4,586.90 points with a gain of 14.25 points or 0.31 per cent.<br /></p>
<p>Domestic equities managed to close the extreme volatile session on a positive note as domestic and global factors combined to lift the BSE Sensex by 95 points to nearly a ten-month high of 15,103.55, with marginal gains led by capital goods, technology and cement, besides some selective stocks from metal and oil & gas sector.<br /><br />Key indices came off sharply from the day’s high in the final hours of the session to pare most of its gains due to profit booking selectively.<br /><br />However, most analysts on the Dalal Street see an appetite for India at this point – with the Union Budget 2009-10 to be unveiled by Finance Minister Pranab Mukherjee on July 3 – which may be more of a home-run rally if not “secular” bull-run rally with some sector rotation here and there but consolidation to continue at the current levels. <br /><br />Domestic institutional investors, however, remained heavy sellers in equity for the second successive day despite signs of a recovery in the Indian economy and the government’s reforms agenda in key sectors such as financial, infrastructure and realty.<br /><br />The popular Sensex closed the day at 15,103.55 points, an increase of 94.87 points or percentage wise 0.63 per cent, before touching an intraday high of 15,257.30 points.<br />However, the broader based Nifty at NSE, which was up over 3 per cent this week, closed at 4,586.90 points with a gain of 14.25 points or 0.31 per cent.<br /></p>
