Traders were awaiting more details on such a possible plan, as well as the results of a key meeting Tuesday of finance ministers from the 17 euro nations.
The risks of Europe and a weak domestic economy haven't gone away. Higher interest rates on government debt of Italy, Spain and other European countries have rattled stock markets in recent weeks. Greece, Ireland and Portugal had to seek financial lifelines when their interest rates crossed the 7 percent mark.
Market Review: Today was good for domestic market both of benchmark ended positive, because positive opening on European markets. NSE benchmark nifty closed at 4851.30 up by 141.25 points and BSE sensex closed at 16167.13 points up by 471.7 points.
Nifty Outlook:
Nifty Resistance levels R1 4950, R2 5000.
Nifty Support levels S1 4800, S2 4730.
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