makin97 NSETIPS @ RAKESH MAKIN: MARKET ENDED 29.03.2011 TUESDAY

Tuesday, March 29, 2011

MARKET ENDED 29.03.2011 TUESDAY

WERE TODAYS GAINERS

MARKET ENDED 29.03.2010 TUESDAY

SENSEX 19120.80 +177.66

NIFTY 5736.35 +49.10

NASDAQ 2141.54 +17.78

UPDATEDTIME 09.28 PM 29 MARCH 2011

Benchmarks ended in the positive terrain for sixth straight session as sentiments turned bullish following inflows of funds from foreign institutional investors. Decline in crude oil prices also boosted sentiments.

As per provisional data of March 28, FIIs bought equities worth Rs 890 crore in the cash market and were net buyers worth Rs 902 crore in the F&O market.

Oil prices declined around a dollar for third straight session on expectations of resumption of supply from Libya. Brent crude futures for May delivery fell $1.10 to $113.70 per barrel.

Bombay Stock Exchange's Sensex ended at 19120.80, up 177.66 points or 0.94 per cent. The 30-share index touched a high of 19226.21 and low of 18944.82 in today's trade.

National Stock Exchange's Nifty closed at 5736.40, up 49.15 points or 0.86 per cent. The broader index touched a high of 5770.35 and low of 5680.70 intraday.

According to experts, the market is expected to move to higher levels after taking a breather.

"We are bullish on the market and expect the Nifty to hit 5900 by April 15. However, the index is likely to consolidate for the next few sessions after a sharp rally. Strong upmove is expected in banking stocks led by largecap private sector banks. Stocks from oil&gas space are also likely to contribute.

BSE Midcap Index was up 0.03 per cent and BSE Smallcap Index moved 0.36 per cent lower.

All the sectoral indices ended in the green. BSE Auto Index was up 1.53 per cent, BSE Metal Index gained 1.08 per cent and BSE IT Index moved 1.06 per cent higher.

Reliance Communications (4.37%), Sesa Goa (4.31%), BPCL (3.47%), Maruti (3.35%) and Dr Reddy's Laboratories (3.24%) were the top Nifty gainers.

IDFC (-1.72%), BHEL (-1.38%), Grasim (-1.38%), Reliance Capital (-1.10%) and Cairn India (-0.38%) were the only losers.

Market breadth was negative on the NSE with 1842 declines against 1135 advances.

The European markets were witnessing profit booking session while the Wall Street is likely to open on a positive note. At 5:20 pm, IST, Dow Jones futures was up 0.13 per cent, S&P 500 gained 0.13 per cent and Nasdaq moved 0.16 per cent higher.