INDIAN SHARE MARKET

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Indian Share market today gave a respectable close and NSE Nifty made remarkable gains after opening in red. Nifty amazed all by jumping to 54.45 points or 1.07%, to end at 5,132.30, supported by technology, oil & gas, telecom, FMCG, auto (barring Maruti) and private financial stocks. Overall, the market trend this week was good except some sectors. Infosys also outperformed and left a positive impact on share market.

The top Nifty gainers were Jindal Steel, Wipro, TCS and Bharti Airtel while the biggest losers included Sesa Goa, Tata Steel, DLF and Coal India.

Stock Market Trend on Monday 17 Oct

Stock market trend for monday 17 oct is expected to remain positive but market may see some stiff resistance and behave choppy in mid afternoon. All eyes will be on Reliance stocks as on saturday 15 october there will be Reliance AGM and some important issues will be discussed. There are market rumors that both Ambani brothers will rejoin to make noise again in telecom sector, which they can announce in tomorrow's AGM. But rumors are the part of market, traders and investors are advised to play with caution

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