Closing Summary- Market Synopsis- 1 February, 2012

The way, the day started and moved around till the first half of the day, it looked like a day of consolidation for the frontline Indian stock indices. But the bulls seemed to have a different plan. The benchmarks picked up steam in the afternoon after European markets rallied in the wake of encouraging manufacturing PMI data. Even India's manufacturing PMI rose to an eight-month high in January. However, tepid export growth along with the sluggishness in China's factory output data lead the Asian markets to finish lower. But the Indian indices maintained its strength and finally closed near the session high. The midcap and the small-cap counters closed positive by over a percentage point each.
(Pic. Source- bseindia.com)