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Yesterday we see true color of stock market in 2012……… It was a good day for the Indian market which opened gap-up and thereafter, moved from strength to strength following a pullback in beaten-down sectors. Gainers in yesterday’s trade were led by banks, IT, capital goods and metals. Sensex shut shop at 15939, up 421 points and Nifty at 4765, up 128 points from the previous close. CNX Midcap index was up 2.7% and BSE Small cap index was up 2.3%. The market breadth was positive with advances at 1108 against declines of 189 on the NSE. But the most important of all traders’ favorite stocks are on fire. This means the risk appetite is back.
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