Key benchmark snapped two-day losing streak as firm European stocks supported sentiment. After a volatile morning trade market gained momentum in the pre-afternoon trade and remained firm. Market moved in a range in the afternoon trade and key indices able to closed in a green at the end of the session. IT major TCS jumped over 13% after good Q4 results and positive FY 2013 outlook. Other IT stocks also gained after positive outlook from TCS. FMCG stocks extended recent gains after Farm Secretary said that India is likely to have normal monsoon in 2012. Telecom shares dropped across the board. The market breadth was negative. On BSE, 1,401 shares fell and 1,331 shares rose. A total of 113 shares were unchanged.
• AFTER TWO CONSECUTIVE FALLS, INDEX RECOVERED MARGINALLY IN TODAY'S SESSION ON THE BACK OF REBOUND IN INDEX MAJORS. THOUGH IT SLIPPED BELOW 5200 MARK IN THE FIRST HALF BUT MANAGED TO SUSTAIN ABOVE THE SAME IN THE END INDICATING EXISTENCE OF STRONG SUPPORT ZONE. KEEPING IN MIND THE OVERALL FORMATION, WE MIGHT SEE RISE IN VOLATILITY AHEAD OF F&O EXPIRY SO ONE SHOULD PLAN STRATEGY ACCORDINGLY.