MARKET ENDED 30.03.2010 TUESDAY

NIFTY GAINERS

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MARKET ENDED 30.03.2010 TUESDAY

SENSEX 17590.17 -112.18

NIFTY 5262.45 -40.40

NASDAQ 2404.36 +09.23

DJIA 10895.86 +45.50

RS/$ 45.08 +00.26

Equities snapped four-day winning streak as traders took home some profits after the benchmarks hit 52-week high last session. Realty, PSU and power stocks showed strength while IT, pharma and banks led the fall.

Market opened flat-to-positive and moved in narrow range before profit booking set in while buying activity was seen in second-line stocks.

Bombay Stock Exchange’s Sensex ended at 17590.17, down 121.18 points or 0.68 per cent. The index hit a low of 17558.22 and high of 17783.35 in today’s trade.

National Stock Exchange’s Nifty closed at 5262.45, down 40.40 points or 0.76 per cent. The broader index touched a low of 5251.35 and high of 5325.

We may see a short-term correction and Nifty may slip to 500-5100 levels. Auto, IT and banking stocks are likely to lead the decline. Traders should book profits in positional trades and enter at lower levels

BSE Midcap Index ended 0.15 per cent higher and BSE Smallcap Index gained 0.78 per cent.

Amongst the sectoral indices BSE Realty Index was up 1.42 per cent, BSE PSU Index gained 0.8 per cent and BSE Power Index moved 0.16 per cent higher. BSE IT Index was down 2.19 per cent and BSE Healthcare Index slipped 0.94 per cent.

Shares of technology companies treaded lower for a second straight day as the Indian rupee firmed up against the US dollar, which tend to affect margins of software companies.

The CNX-IT index looks weak on the technical charts. Stocks like Infosys, TCS and Wipro could see a 3-5% correction in the days to come.

The decline was led by HCL Technologies (-3.41%), HDFC Bank (-3.06%), Ambuja Cements (-2.83%), Sun Pharmaceuticals (-2.66%), Wipro (-2.53%) and Infosys Technologies (-2.53%).

DLF (3.23%), Tata Motors (2.23%), Cain Energy (1.1%), Hindustan Unilever (0.86%) and Sterlite Industries (0.73%) were amongst the top Nifty gainers.

Market breadth was negative on the BSE with 1691 declines and 1098 advances.

European markets were in the green led by commodities and the US markets were also expected to open higher. At 5 pm IST, Dow Jones futures was up 0.14 per cent, S&P 500 gained 0.20 per cent and Nasdaq 100 advanced 0.27 per cent.

Regards,

RAKESH MAKIN

Chugh securities Pvt Ltd

+91 9915684997,9041667797(DIRECT)

OFF 0172-4657997

PANCHKULA (Haryana).

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