Roaring May for Indian Markets. . .
It was a roaring start for the may series. The benchmark indices saw biggest single day gain since october 31, 2008. The SENSEX closed above the 12,000 mark while the NIFTY settled above the 3650 level. This sharp rally was majorly lead by the metal, technology, banking, capital goods, FMCG and auto stocks. The broader indices also followed the same trend.
Positive global cues also played a key role in today’s gain. The Sensex outperformed the Asian and the European markets. Funds flows were high from the FII. Experts see a bullish rally throughout the month until and unless there is something negative. Any way the foriegn investments have increased and hence we should say that good time has started fo the indian markets.
