Markets end week in green

Markets ended the first week of 2010 on a positive note.

Markets ended the first week of 2010 on a positive note with most indices posting gains,despite fag-end selling in IT and auto sectors.

The BSE 30-share barometer ended higher by 75.48 points or 0.43 per cent at 17,540.29 from last weekend’s close of 17,464.81.

The broader 50-issue Nifty of the National Stock Exchange also firmed up by 43.70 points or 0.84 per cent to settle at 5,244.75 from its last weekend’s close.

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Key benchmark indices touched a 22-month high as investors bet on strong third-quarter results coupled with Prime Minister Manmohan Singh’s comments that India will return to 9-10 per cent economic growth in a couple of years at the Pravasi Bharatiya Divas celebrations yesterday.

He also said India’s economy had fared well despite an unprecedented global financial crisis and recorded seven per cent growth last fiscal.

Stocks kicked off 2010 on an upbeat note on Monday with the key benchmark indices hitting multi-month highs on the back of strong auto sales,jump in manufacturing activity in December 2009 and a surge in exports in November 2009.

Realty,small-cap,mid-cap and metal sectors rose on hopes of healthy economic growth.

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IT shares came under selling pressure due to a firm rupee as most software companies collect a major part of their revenues in dollars from overseas.

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Delhi Traffic Police issue advisory for Dussehra, Ramlila from today: Check timing

Cities36 min ago

As the festival season sets in with Dussehra, and devotees are expected to flock to Ramleela Ground and the Red Fort areas, the Delhi Traffic Police issued an advisory Sunday, saying they will close some routes from Monday until October 3.

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