Indian Stock Market & World Stock Market Review By Nirmal Bang

 The markets maintained their upward movement for the third consecutive day on the back of strong buying witnessed in the Index heavyweight like Reliance Ind & State Bank of India which has been consolidating for quite some time.

Global Asian cues were also positive today. Hang Seng was up 2.14% and Shanghai rose 1.71% and Taiwan Weighted gained 1.2%. The Sensex closed up 107 points to
16,123 and the Nifty rose 22 points to 4,805 after hitting an intraday high of 4842.

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