Market ends strong: Tech, banking stocks sparkle

It was a standout performance by market on the back of some strong global cues. There was no volatility and Sensex closed above 15,300 and Nifty above 4450 levels. Breadth was heathy on strong turnover.

Technology stocks are sparkling on expectation of weakening rupee on the new ECB norm. Asia ended firm as Fed kept its rates unchanged serving as positive cues for the markets.

All the BSE sector indices are trading in green. Followed by the technology banking, realty and oil & gas stocks surged on the bourses.

Infosys, TCS, Wipro, HCL Tech, Polaris, Mphasis, Patni, Foursoft, Aptech were technology standout performers.

Export oriented sectors will be positively impacted on account of new ECB norm which is expected to arrest rupee appreciation. Apart from IT even phama stocks are expected to be positively impacted.