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Market turns positive. Nifty above 7500.

Market has been in correction mode for the past few trading sessions. Finally market turned its positive region as the CPI and WPI numbers are better than expected.

Nifty gains 66 points with 45 advances and 5 declines. Sensex gains 205 points with 24 advances and 6 declines.

Syndicate gains more than 5%. Indian Banks gains 4%. Gitanjali gems for the second day gains more than 3%. CNX PSU BANK gains more than 2%. Other indices such as Bank Nifty, Realty, Infra, Midcaps, etc have gained more than 1%.

Piramal enterprises loses more than 7% on the current trading session. CRISIL loses 2% and Marico loses 1%. CNX Pharma is the only index in red.

News Corner

The unemployment rate in rural India is at 1.7 percent and in urban areas at 3.4 percent.

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