Benchmarks edge higher on investors lure for front-line stocks
Written By Sheffin on Friday, November 13, 2009 | 7:04 AM
Indian markets rose on Friday, led by gains in auto, metal and software shares. It wasn’t much action-packed session as markets wandered in the positive terrain throughout the day after a short glimpse of red territory at open. Despite positive close on the bourses, the undertone of the market was cautious due to worries over strength of the global economic recovery and sustainability of the recent run-up in stocks. While buying activity was primarily evident at higher level, second-line counters witnessed an assorted response from buyers inducing a flat close on broader indices. Shares of realty and consumer durables companies failed to grab attention of investors.
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