A maturing market amid the mayhem
Markets gain 1 pct in volatile trade
Reliance Industries, Bharti Airtel and SBI led the rise, whereas DLF, M&M and Reliance Infra ended as the top index gainers.
The realty index jumped over 4 percent with Indiabulls Real Estate gaining 7.2 percent and DLF adding 4.7 percent. The banking index gained 1.3 percent and the auto index ended 1.2 percent higher.
NIIT (up 14.6 percent) and Educomp Solutions (up 12 percent) were among some of the mid-cap counters that rallied.
On the economic front, India’s manufacturing activity expanded for a third straight month in June, but at a slightly slower pace. Data released showed exports fell an annual 29.2 percent and imports dropped 39.2 percent in May.
With investors cautious ahead of the budget announcements, do you think we can cross the 15,000 mark before the week ends?