Sensex shut shop at 17198, up 272 points and Nifty at 5122, up 89 points from the previous close. CNX Midcap index was up 1.68% and BSE Smallcap index was up 2.15%. Top Nifty gainers included Unitech, Tata Motors and Sun Pharma while losers were HUL, GAIL and BHEL.The good GDP numbers yesterday have acted as a trigger for our market to now move higher,FY10 GDP target is likely to be around 6.8-7.10% and FY11 above of 8%.
News about Fund Mangers move there funds from Middle East to Emerging Markets like India,Brazil given extra trigger to our market.Market next target will be 5250-5300 level in this leg.
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