MARKET ENDED 17.03.2010 WEDNESDAY
SENSEX 17490.08 +106.90
NIFTY 5231.90 +33.80
NASDAQ 2378.01 +15.80
DJIA 10685.98 +43.83
RS/$ 45.58 00.00
Equity indices extended gains from the previous session on Wednesday, as sentiments turned bullish after the US Federal Reserve and Bank of
Indices opened with a gap-up and breached important resistance levels as the session progressed. Experts are of the view that though the medium and long term looks bullish, the market may see profit booking in the near term.
We are in intermediate uptrend but it will be tough for the Nifty to break past 5274-5300. If it manages to breach these levels then one can expect 5690 levels in next two months. On the lower side, 5201-5155 are the strong support levels. Medium- to long-term investors should hold on to their positions while short-term traders are advised caution as market may see some correction
National Stock Exchange’s Nifty ended at 5231.90, up 33.8 points or 0.65 per cent. The 50-share index touched an intraday high of 5260.50 and low of 5177.15.
Bombay Stock Exchange’s Sensex closed at 17,490.08, up 106.90 points or 0.61 per cent. The 30-share benchmark hit a high of 17576.78 and low of 17389.47 in today’s trade.
The BSE Midcap Index was up 0.17 per cent and BSE Smallcap Index moved 0.14 per cent lower.
Amongst the sectoral indices, BSE PSU Index advanced 2.04 per cent, BSE Healthcare Index moved up 1.66 per cent and BSE Metal Index gained 1.18 per cent.
Biggest Sensex gainers were Hindalco Industries (2.33%), ICICI Bank (1.97%), Tata Consultancy Services (1.76%), Sun Pharmaceuticals (1.62%) and Larsen & Toubro (1.62%).
Maruti Suzuki (-1.73%),
Market breadth on BSE showed 1586 declines against 1250 advances.
European markets moved higher as the US Federal Reserve’s decision lifted financial stocks. US stocks too were expected to open on a positive note. At
Regards,
RAKESH MAKIN
Chugh securities Pvt Ltd
+91 9915684997,9041667797(DIRECT)
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PANCHKULA (Haryana).
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