Sensex up with 300 points
Chandrakant / 09 Mar 2012
Indian markets opened on a strong positive note today on back of the positive cues coming from the global market. Today much awaited MCX IPO got listed on the BSE and provided required boost to the investor’s sentiment.
Indian markets opened on a strong positive note today on back of the positive cues coming from the global market. Today much awaited MCX IPO got listed on the BSE and provided required boost to the investor’s sentiment. Markets during the week remained quiet and traded flat on back of the various global events all across the globe. However a move towards much need European aid package indicated some hope to the investors in the European region. Both Sensex and Nifty both are trading up with 1.80% and 1.82% respectively.
| Benchmark Indices | ||
|---|---|---|
| Index | Rate | % Change |
| Hang Seng | 21,121.52 | 1.05 |
| Nikkei | 9982.53 | 2.14 |
| Shanghai | 2,429.95 | 0.40 |
| SENSEX | 17,454.79 | 1.80 |
| NIFTY | 5,315.60 | 1.82 |
Asian markets are trading on a positive note today on back of the news that European leaders have received good participation from the Bond holders which had agreed to Greek’s Debt swap deal.
Back Home among the BSE sectoral Indices all indices are trading up with gains between 0.7% to 3.08%. Metal, Consumer Goods, and Bankex are leading with gains of 3.08%, 2.87% and 2.84% respectively.
Among the Sensex shares ICICI Bank, Tata Steel and Sterlite are leading with gains of 4.15%, 3.76% and 3.57% respectively. While others like Bajaj Auto, Bharti Airtel, BHEL, Coal India, DLF, Hindalco, Jindal Steel, M&M, Maruti Suzuki, and L&T are trading with gains between 1.38-3.54%%.
The market breadth, indicating the overall health of the market, is positive. On BSE, 1633 shares rose and 390 shares fell. A total of 55 shares remained unchanged.
In conclusion, we expect the market to remain positive for the day. Also we expect European markets to provide some vital cues on the desired direction of the market trend in late afternoon session. Nevertheless we shall keep updating you regularly through our market commentary.
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