In a special 90 minute trading session for both the major stock indexes BSE and NSE , the Sensex saw a marginal upsurge.
The extra trading session was provided since both NSE and BSE were upgrading their existing systems.This provided the opportunity for some bargain buying across the counters specially in the blue chip and IT stocks.
The technology stocks were beaten down very badly on Friday, with the BSE IT index down over 100 points.Even the blue chips like Reliance were beaten badly.
The special 90 minute session on Saturday which is not a trading day, caused a marginal improvement in the indexes.
The Bombay Stock Exchange’s Sensitive Index added 124.72 points, or 0.8%, to end at 15915.65
National Stock Exchange of India, Nifty gained 38.6 points, or 0.8%, to 4757.25.
The global economic environment , rising food inflation and uncertainty over fuel prices are primary factors which seem to be leading the downfall in the Indian Stock Markets.
However, like with every slide there is a possible BUYING opportunity in the market with a lot of good stocks now available at corrected values.
Are you looking to BUY any stocks now since the Sensex is below 16000 levels