On the last day of trading in this financial year, Indian stock market indices managed to end with smart gains. The spurt is mainly because of covering-up of short positions by speculators, as today was the last day of March month expiry in the derivatives segment. Positive opening of the European markets also helped the Indian equities to end on a high. After opening flat, markets hit a new four-month low of in the first hour of trade on weak Asian sentiments due to concerns over the European debt crisis. However, frantic short covering and some real value based buying at this current attractive level pulled the market from its low.
The 30-share BSE Sensex gained 131.24 points to end the day’s trading at 18835.77. The Sensex hit to a day's high of 18882.54 and a fell to a day's low of 18568.43. It opened at 18702.46. The broader indices, NSE Nifty gained 40.95 points, to end the day’s trading at 5682.55. The 50-share Nifty touched a day's high of 5692.95 and fell to a day's low of 5604.85. It opened at 5647.75.
Of the 50-share Nifty pack 34 stocks ended with gains while the rest 16 stocks closed with losses. The top 5 gainers among NSE stocks are: GAIL surging by 4.77 %, followed by Siemens (4.05 %), Hindalco (3.85 %), Ambuja Cement (3.23 %) and IDFC (2.68 %). The top 5 losers among NSE socks are: Tata Motors (2.41 %), Hero MotoCorp (1.90 %), CAIRN (1.82 %), Bharti Airtel (1.73 %) and Jindal Steel (1.47 %).
Of the 30 shares of BSE index components, 19 stocks ended in positive terrain, while the rest 11 stocks closed in negative zone. The top 5 gainer in BSE Sensex stocks are: GAIL surging by 5.02 %, followed by Hindalco (3.98 %), ONGC (2.92 %), Sterlite (2.91 %) and Coal India (2.62 %).The top 5 losers of the Sensex pack were: Tata Motors (2.16 %), Hero MotoCorp (1.95 %), Bharti Airtel (1.77 %), Jindal Steel (1.35 %) and HUL (1.34 %).
Both BSE Mid Cap and BSE Small Cap index closed higher by about 1.5 %. All the 13 sectoral indices in BSE ended on positive territory. Top 3 gainers in BSE sectoral index are - BSE Metal up by 2.69 %, BSE CG up by 2.17 % and BSE CD surging by 1.89 %.
The market breadth stood in favor of the bulls. Of the 2898 stocks traded on the BSE, 1,625 (56.07%) rose, 1,149 (39.65%) fell and 124 (4.28%) stocks remained unchanged.
Asian stocks ended mostly with losses. Apart from the Jakarta Composite index, all the other Asian markets ended in negative zone. European markets are trading with handsome gains. Markets in the US are also trading higher.
The 30-share BSE Sensex gained 131.24 points to end the day’s trading at 18835.77. The Sensex hit to a day's high of 18882.54 and a fell to a day's low of 18568.43. It opened at 18702.46. The broader indices, NSE Nifty gained 40.95 points, to end the day’s trading at 5682.55. The 50-share Nifty touched a day's high of 5692.95 and fell to a day's low of 5604.85. It opened at 5647.75.
Of the 50-share Nifty pack 34 stocks ended with gains while the rest 16 stocks closed with losses. The top 5 gainers among NSE stocks are: GAIL surging by 4.77 %, followed by Siemens (4.05 %), Hindalco (3.85 %), Ambuja Cement (3.23 %) and IDFC (2.68 %). The top 5 losers among NSE socks are: Tata Motors (2.41 %), Hero MotoCorp (1.90 %), CAIRN (1.82 %), Bharti Airtel (1.73 %) and Jindal Steel (1.47 %).
Of the 30 shares of BSE index components, 19 stocks ended in positive terrain, while the rest 11 stocks closed in negative zone. The top 5 gainer in BSE Sensex stocks are: GAIL surging by 5.02 %, followed by Hindalco (3.98 %), ONGC (2.92 %), Sterlite (2.91 %) and Coal India (2.62 %).The top 5 losers of the Sensex pack were: Tata Motors (2.16 %), Hero MotoCorp (1.95 %), Bharti Airtel (1.77 %), Jindal Steel (1.35 %) and HUL (1.34 %).
Both BSE Mid Cap and BSE Small Cap index closed higher by about 1.5 %. All the 13 sectoral indices in BSE ended on positive territory. Top 3 gainers in BSE sectoral index are - BSE Metal up by 2.69 %, BSE CG up by 2.17 % and BSE CD surging by 1.89 %.
The market breadth stood in favor of the bulls. Of the 2898 stocks traded on the BSE, 1,625 (56.07%) rose, 1,149 (39.65%) fell and 124 (4.28%) stocks remained unchanged.
Asian stocks ended mostly with losses. Apart from the Jakarta Composite index, all the other Asian markets ended in negative zone. European markets are trading with handsome gains. Markets in the US are also trading higher.
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