MARKET ENDED 29.03.2010 MONDAY
SENSEX 17711.35 +66.59
NIFTY 5302.85 +20.85
NASDAQ 2395.13 -02.28
DJIA 10850.36 +09.15
RS/$ 45.34 +00.15
Indian markets ended on a positive note on Monday taking support from stocks from banks, FMCG and realty space. Positive global markets
helped the indices hit new 52-week highs and end above psychological levels for the first time in two years.
Indian markets have been witnessing an up move on the back on capital inflows from foreign investors. In the past ten trading session FIIs have invested over Rs 6700 crore. According to analysts, the inflows are likely to continue next fiscal as well.
As seen
National Stock Exchange’s Nifty closed at 52-week closing high of 5302.85, up 20.85 points or 0.39 per cent. The 50-share index hit 52-week intra-day high of 5329.55 and low of 5242.15.
The breakout was not as good as expected as other indicators were disappointing. Volumes were not encouraging, breadth was negative, daily indicators were in overbought zone and rollovers were negative.
BSE Midcap Index was up 0.25 per cent and BSE Smallcap Index ended 0.44 per cent lower.
Amongst the sectoral indices, BSE Bankex was up 0.82 per cent, BSE FMCG Index gained 1.05 per cent and BSE Realty Index advanced 0.61 per cent.
Hindalco Industries (3.23%), Mahindra & Mahindra (2.69%), HDFC (2.04%), Sterlite Industries (2.01%) and Sun Pharmaceuticals (1.96%) were amongst the top Nifty gainers.
Losers were Infosys Technologies (-2.23%), Tata Consultancy Services (-1.7%), Tata Motors (-1.33%), Reliance Industries (-0.47%) and Reliance Infrastructure (-0.42%).
Market breadth was negative on the BSE with 1852 losers and 1028 gainers.
European markets were in the green led by telecom and banks and the
Regards,
RAKESH MAKIN
Chugh securities Pvt Ltd
+91 9915684997,9041667797(DIRECT)
OFF 0172-4657997
PANCHKULA (Haryana).
Email:makin_97@yahoo.com
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