makin97 NSETIPS @ RAKESH MAKIN: MARKET ENDED 31.03.2010 WEDNESDAY

Wednesday, March 31, 2010

MARKET ENDED 31.03.2010 WEDNESDAY

TODAYS NIFTY GAINERS

MARKET ENDED 31.03.2010 WEDNESDAY

SENSEX 17527.77 -62.40

NIFTY 5249.10 -13.35

NASDAQ 2410.69 +06.33

DJIA 10907.42 +11.56

RS/$ 44.94 +00.14

Benchmarks ended volatile session on a lower note Wednesday due to lack of support from global peers. Profit booking was seen in FMCG, oil&gas and IT stocks while pharma, auto and power stocks bounced back.
National Stock Exchange’s Nifty ended at 5249.10, down 13.35 points or 0.25 per cent. The index touched a high of 5293.90 and low of 5235.15.
Bombay Stock Exchange’s Sensex ended at 17527.77, down 62.40 points or 0.35 per cent. The index touched intraday high of 17699.50 and low of 17488.55.
Nifty faces resistance near 5340-5350 levels and on the downside if 5200 is broken then weakness may creep in and Nifty may drift to 5100-5050 levels in April series. Due to the earnings season, stock and sector specific movements will be seen and Nifty will move in 5000-5400 range.
BSE Midcap Index was up 0.25 per cent and BSE Smallcap Index moved 0.49 per cent higher.
Amongst the sectoral indices, BSE FMCG Index was down 1.36 per cent, BSE IT Index fell 1.18 per cent and BSE Oil&gas Index moved 0.49 per cent lower. BSE Healthcare Index advanced 0.74 per cent and BSE Power Index moved 0.29 per cent higher.
TCS (-2.56%), ITC (-1.95%), Hindustan Unilever (-1.57%) Hindalco (-1.44%) and IDEA (-1.43%) were amongst the major losers.
SAIL (3.62%), Reliance Communications (3.24%), HDFC (2.91%), Sun Pharma (2.38%) and GAIL (2.19%) were amongst the top Nifty gainers.
Market breadth was positive on the BSE with 1578 gainers and 1187 losers.