4th June 2012 : Market positive on hope of cutting in interest rate

After negative opening in Indian market, Market has recovered from day low to upwards on hope of cutting in interest rate by RBI.

At end of day, Nifty closed at 4848  with 0.14% upmove after making 4,858.30 as intraday high and 4,770.35 as intraday low.

30-scrip Bombay Stock Exchange closed at 15,988 with 23 pts gain.

In Nifty Index 50, 26 shares in Green while 24 stocks were closed in Red.

Capital Good sector was leading while Consumer Durables and FMCG sector were losers in BSE.

JP Associates, Siemens are top gainers in Nifty with more than 4% gain while Gail, Jindal Steel, Tata Powers were top losers with appx 3% loss than previous day close.