The markets opened on an uptick as was expected and gyrated in and out of the positive / negative territory before closing with strong gains.

<tr><td><p class='TableClas'></p><P class='TableClas'> <DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The capitalisation of the breadth was positive too as the commensurate figures were Rs 11,866 crs : Rs 8,197 crs. The F&amp;O figures indicated a sustained short covering on expiry day, which led to a steep rally in the final hour of trade. 
</p><p class='TableClas'>The markets have closed at the upper end of the intraday band as the bears covered at lower levels 

Post-expiry consolidation on the cards

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