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Opening Note: Markets see a good start

Friday, July 24, 2009 10:05 am
By ShareGyan.com NewsDesk

Today, domestic markets have seen more profits in the early trades with the Sensex rushing over 15400 mark and the Nifty rushing beyond the 4550 mark. The initial profits are due to the strong cues from the Asian and the US markets. 22 stocks are on the high side and 8 are on the low side among the 30-components of Sensex. Tata Steel, Reliance Industries, Infosys, ICICI Bank, L&T and Bharti are among the chief earners. HDFC Bank, ITC and ONGC are among the chief slackers.
The NSE was high with 38 points and the BSE 30-share rushed with 131 points at 10:00 am IST. The NASDAQ has now ended up for twelve successive sessions. The UK’s FTSE 100 index ascended 1.5%, the German DAX index leaped 2.5% and the French CAC-40 index jumped 2.1%. US stocks witnessed the bigger rally lately with the Dow Jones Industrial Average surging 200 points and reaching its peak since November, as investors lapped up better-than-expected periodical outcome and home sales.

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