BSE SENSEX and NIFTY opened in green and extended the gain but shed in later trading hours over the weaker global cues. The rally in initial hours seen due to short covering as markets took a heavy fall yesterday. State Bank of India, ITC CIGARETTES, and HDFC pulled the market up while pressure was created over the index by L&T, ICICIBANK, BHEL, ONGC and TCS. Indian Rupee appreciated by 20 paise after hitting a all time low of 54.57 against the DOLLAR. Mahindra satyam fell 3.7% while DISHTV shot up 10% after fourth quarter results.
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