Closing Summary- Market Synopsis- 21 December, 2011

It was a wonderful Wednesday on Dalal Street today. The main Indian stock indices broke a five-session losing streak on the back of a worldwide rally in risky assets. The Sensex and the Nifty rallied by over three percentage points as traders took the opportunity to cover their shorts following a broad-based advance. The Sensex zoomed by over 500 points while the Nifty shot up by almost 150 points. The beaten-down index heavyweights like ICICI Bank, Axis Bank, Sesa Goa, RCOM, M&M and Bharti Airtel were seen bouncing back. Other notable index bellwethers like Reliance Industries and HDFC Bank too surged today. The midcap and the small-cap counters closed positive by nearly one percentage point each.
(Pic. Source- bseindia.com)