Sensex and Nifty end in green on failure of European bulls

Sensex and Nifty end in green on failure of European bullsBecause of the fact that the European bulls did not do well on Tuesday, Indian benchmark indices ended in the green. After a lackluster session the markets ended on a positive note.

Bulls on the Indian front also were recessive in today's session.

While the Bombay Stock Exchange's Sensex closed at 8,114.83, up 33.62 points or 0.19 per cent. The index touched intraday high of 18,167.45 and low of 18,072.38; Nifty was not far behind.

Nifty was at 5439.55, up 7.9 points or 0.15 per cent. The broader index touched a high of 5459.20 and low of 5426.40 in today's trade.

Losses, however, appeared on the capital goods and FMCG segments and the banks and oil sector stocks did well.

Experts believe that the bulls are stronger in India and unless something averse comes up the markets will remain on the positive side.

Stocks like Indian Bank, UCO Bank, Jain Irrigation, KSB Pumps, Jayshree Tea seemed bullish and are expected to outperform.

BSE Midcap index was up by 0.31 per cent while the Small cap index was up 0.33 per cent.