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NIFTY 5100 levels conquered in style

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.