Markets Closed In Green, Maruti Suzuki Gained 5%

The Indian markets extended the gains in the last hour of trade after the Finance Ministry clarified details of the tax residency certificate. The ministry today said that the Certificate issued by Mauritius would be accepted by the tax authorities. At the end of the day, Nifty closed at 5719 up by 26 points and Sensex closed at 18,918 up by 56 points. Both the indices ended down in the range of 0.30%-0.47%.

The advance– decline ratio ended on a negative side at the end of the day. On the NSE, 763 shares closed in red and 648 shares closed in green. 

Top 5 Gainers on NSE: Maruti Suzuki India ended up by 5.17% as the top gainer on NSE, followed by Jaiprakash Associates, Bharat Petroleum, Power Grid Corporation of India and Reliance Infrastructure. 

Top 5 Losers on NSE: DLF ended the day as the top loser on NSE, down by 6.49% followed by Bharti Airtel, IDFC, Siemens and Cairn India.  

Most of the sectors ended in green. Consumer Durables, Auto and Capital Goods closed up in the range of 1.64%-3.30%. Realty faces intense selling pressure and was down by about 3% at the end of the day. 

The European markets are trading in the negative. CAC 40 is trading lower by 1.10%, followed by DAX and FTSE 100 is trading down in the range of 0.38%-0.68%.  

The Asian markets closed mixed. KOSPI closed up by 1.11%, followed by Taiwan Weighted and Japan’s Nikkei 225. Hong Kong’s Hang Seng closed down by 0.61%, followed by Shanghai Composite and Strait Times. 

Buzzers: Maruti Suzuki India, the country’s largest car maker reported 7.89% decline in its total sales at 1,09,567 units in February, 2013. The company’s exports, however, went up by 2.80% to 11,612 units last month from 11,296 units in the year-ago period. The stock closed with gains of more than 5%.

United Spirits closed up by 2.07% at Rs 1,878. The stock gained after the Competition Commission approved the UK major Diageo Plc’s proposed majority stake purchase in United Spirits, saying the deal would not have adverse impact on competition.  

Nifty has a volatile trading session but the bulls picked up momentum in the last hour of trade. Nifty has a stiff resistance around the levels of 5730-5740.