Market Opens On Positive Note
Chandrakant / 27 Mar 2012
The Indian markets opened on a positive note today. Short covering and positive global cues coming from the global market, especially from the US, helped the markets to remain positive. The Sensex and Nifty are both trading up by 0.31% and 0.17% respectively.
The Indian markets opened on a positive note today. Short covering and positive global cues coming from the global market, especially from the US, helped the markets to remain positive. The Sensex and Nifty are both trading up by 0.31% and 0.17% respectively.
Other Asian markets too are trading on a positive note today on the back of the news that the US Federal Reserve Chairman, Ben Bernanke, will maintain a dovish stance going ahead, signalling that a supportive policy will continue in the coming quarter. This has boosted the market sentiment across globe.
| Benchmark Indices | ||
|---|---|---|
| Index | Rate | % Change |
| Hang Seng | 20,951.52 | 1.35 |
| Nikkei | 10,194.53 | 1.73 |
| Shanghai | 2,355.75 | 0.20 |
| SENSEX | 17,106.26 | 0.31 |
| NIFTY | 5,192.95 | 0.17 |
Back home, among the BSE sectoral indices, Realty, Consumer Durables and FMCG are leading with gains of 1.08%, 1% and 0.96% respectively. Others like Pharma, Teck, Metals and IT too are up with gains between 0.44%-0.72%. However, Consumer Goods and Oil & Gas are down by 0.09% and 0.02% respectively.
Among the Sensex shares, HDFC, HUL and Sterlite Industries are leading with gains of 2.11%, 2.67% and 2.31% respectively. Other stocks like Bajaj Auto, Bharti Airtel, Cipla, DLF, HDFC Bank, Hero MotoCorp, L&T, Hindalco, M&M, Tata Steel, etc. are trading with gains between 0.45%-1.90%. Among the losers, BHEL, Coal India, ICICI Bank, Jindal Steel, Maruti Suzuki and RIL are all down between 0.26% to 1.96%.
The market breadth, which indicates the overall health of the market, is positive. On the BSE, 1009 shares rose and 806 shares fell. 94 shares remained unchanged.
We expect the markets to remain positive and volatile for the day ahead of the expiry.
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