Markets Trading Higher

Vidrum / 23 Mar 2012

As mentioned in our morning update, markets have opened in the positive territory.
As mentioned in our morning update, markets have opened in the positive territory. At present both the indices are trading in the positive zone with SENSEX up by 101 points to 17297 while Nifty is up 29 points at 5257 points. All the sectoral indices are trading in the green zone except metals which is trading marginally in red zone.  Reatly, FMCG, Capital goods etc are trading higher more than 1per cent. 

Asian Markets are also trading on a weak note. Hang Seng and Nikkei are down by almost a per cent while Shanghai down 0.68 per cent.
     
Back home, FMCG major ITC and HUL are the leading Index gainer up 1.50 and 1.75 per cent respectively. Banking space which includes ICICI bank and HDFC bank are trading higher 1.28 and 1.13 per cent respectively. Other stocks like Bharti Airtel, HDFC, Cipla, Sun Pharma etc are trading marginally in the green zone. On the other hand Maruti Suzuki is the biggest Index loser down 2.21 per cent to Rs 1301.50. Metals pack which includes Sterlite Industries, Hindalco, Jindal steel etc are trading lower down more than one per cent. On the other hand Bharti Airtel, SBI, Tata steel etc are trading marginally in the red zone.  

Dolphin offshore is trading higher by 4.04 per cent to Rs 87.60, after the news that it received order worth Rs 270 crore. 

The market breadth, indicating the overall health of the market, is strong. On BSE, 1142 shares rose while 842 shares declined. And 93 shares remained unchanged. 

In conclusion, we expect the market to remain volatile for the day. Nevertheless we shall keep updating you regularly through our market commentary. 

Benchmark Indices

Index

Rate

% Change

Hang Seng

20701.5

-0.96

Nikkei

10020.64

-1.05

Shanghai

2359.57

-0.68

SENSEX

17297.82

0.59

NIFTY

5257.8

0.56

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