SENSEX BIGGEST GAINERS
MARKET ENDED 25.03.2010 THURSDAY
SENSEX 17558.85 +107.83
NIFTY 5260.40 +35.10
NASDAQ 2398.76 -16.48
DJIA 10836.15 -52.68
RS/$ 45.56 -00.07
After a lacklustre session for major part of the day, the last half hour of trade witnessed increased short covering by traders as they rolled over positions from the March to April series as the F&O contracts for the current month expired Thursday. Capital goods, banks and healthcare stocks gained momentum while PSU stocks and oil & gas counters sulked.
But the star performer was telecom operator Bharti Airtel, which clinched a $10.7 billion deal to buy the African assets of Zain.
The market mood is generally getting better now. Even after a sluggish start, the market picked up steam and ended with decent gains. The Infosys counter, where LIC was a major seller for the last couple of days, also seemed to have gained momentum, which shows that there is still good strength in the counter. Going ahead, we feel if Nifty crosses 5280 decisively, then we are headed for a good upmove. However, what has been noticed is that retail participation is still missing and that would begin once the Nifty touches 5350
National Stock Exchange’s Nifty settled at 5260.40, up 0.67 per cent or 35.1 points from the previous close. The index moved in a range of 5267.30 and 5202.95 intra-day.
Bombay Stock Exchange’s Sensex closed at 17,558.85, higher by 107.83 points or 0.62 per cent. The index touched a high of 17,575.23 and low of 17,383.21.
However, the broader market lost steam towards the end of trade. The BSE Midcap Index edged up 0.12 per cent and BSE Smallcap Index shed 0.21 per cent.
As for F&O expiry, analysts observed that even though the Nifty rollover positions were below average, it was above market expectations. Even on the monthly as well as quarterly charts, the scene looks bullish going forward. Analysts expect roaring participation in the days ahead and expectations of 5500 on Nifty appears achievable.
On a sector-specific note, BSE Capital Goods added 1.09 per cent, BSE Healthcare gained 0.94 per cent, and BSE Bankex advanced 0.9 per cent. The BSE PSU Index shed 0.82 per cent and BSE Oil&Gas Index fell 0.12 per cent.
Biggest Sensex gainers were Hero Honda (4.39%), Hindalco Industries (3.79%), Sun Pharmaceuticals (2.82%), Bharti Airtel (2.27%) and HDFC Bank (2.18%)
Laggards were ACC (-2.44%), Tata Motors (-1.87%), Maruti Suzuki (-1.47%), HDFC (-1.35%) and NTPC (-1.06%).
Market breadth on BSE turned positive, with 1,533 advances against 1,313 declines.
Regards,
RAKESH MAKIN
Chugh securities Pvt Ltd
+91 9915684997,9041667797(DIRECT)
OFF 0172-4657997
PANCHKULA (Haryana).
Email:makin_97@yahoo.com
Blog :http://wwwmakin97-nse.blogspot.com/
Home page: http://in.groups.yahoo.com/group/makin97NSEtips
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