Markets ended on a positive note with 50-share Nifty surging above the key resistance level of 6,000 this Friday after Infosys, the company with fifth-highest weightage on the Sensex defied analysts’ estimates and posted steady dollar revenue growth for fiscal 2014.
Sentiments improved further after country’s trade deficit narrowed in June to $12.24 billion from a 7-month high, helped by a slowdown in gold imports, which should ease pressure on the current account balance and the beleaguered rupee.
Mirroring the optimism, the 30-share Sensex ended higher 282.41 points at 19,958.47 and the 50-share Nifty rose 73.90 points at 6,009 levels.
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