Share prices flared up on the Calcutta Stock Exchange yesterday imparting a buoyant trend for the first session of the new year.
The sentiment of the market improved markedly yesterday.
The positive sentiment came in the wake of Prime Minister H D Deve Gowda's reassurance that he would take steps to revitalise the capital market and the economy.
The Prime Minister's statement as well as other pronouncements by top leaders of the ruling United Front at the Centre has injected a new hope among the marketmen.
Optimism over the possible review of the minimum alternative tax (MAT) appeared to be the main morale booster.
The market closed at 427.88, representing an increse of 13.17 points.
