The benchmark indices have surged in early trade and have continued last week's rally further. The Reserve Bank's rate cut move and government's second fiscal stimulus package helped the markets to stay higher. Positive Asian markets and SGX Nifty suggested the same. Banking, cement, realty, technology and metal stocks are on buyers' radar.
2008 shattered many a milestone in bad fortune but 2009 holds promise.
Sensex closed 0.55 per cent or 54.67 points higher from Thursday's close.
At 0956 am, the Sensex rose 83 points to 9,652 and the Nifty gained 25 points at 2,941.
The 30-share index closed at 9,716.16, higher by 182.64 points.
The Sensex fell 90 points to 9,838 and the Nifty lost 31 points to 3,008.
Overall investor sentiment was low as investors sold frontline stocks.
Some fund managers are underplaying the enormity of recent events.
Indian equities markets closed strong on Thursday.
Investors who trusted star fund managers were in for a rude shock.
