THE Nifty was extremely volatile, after showing smart recovery. Metal, auto, select technology, cement and power stocks were witnessing selling pressure while capital goods, select banking, pharma, telecom and oil & gas exploration stocks were seeing buying interest.
On the global front, European markets were trading higher. CAC, DAX and FTSE went up 0.8% each. Asian markets also recovered in late trade. Straits Times turned into green.
The Sensex was trading at 15953, up 37 points and the Nifty was at 4764, up 7.85 points. The Nifty February future was trading with 9 points premium.
Monday, February 8, 2010
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