The stock markets opened on a steady note on Tuesday and proceeded to trade higher throughout the session.
The Bombay Stock Exchange (BSE) sensex ended the day at 3335.35 (up 8.19 points) and the National Stock Exchange (NSE) S&P CNX Nifty 50 ended the day at 1078.95 (up 5.20 points).
The market breadth was marginally positive as the combined figure of advances to declines on both the exchanges stood at 1114:1077.
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Traded volume on the BSE was Rs 1,431 crore, while on the NSE it stood at Rs 3,059 crore.
The capitalisation of advances versus declines reveals a highly polarised trading pattern. The figures clocked were Rs 3,638 crore: Rs 790 crore.
This shows concentrated buying in heavyweight and frontline stocks.
The markets are therefore likely to get support at these levels in the immediate future.
Software and cement counters should see follow-up buying on Wednesday, should the overseas markets hold up. The outlook for Wednesday