Current Market View

Monday, March 28, 2011

Nifty ends above 5680; auto, capital goods up

MUMBAI: Indian markets extended last week's rally and ended near psychological resistance levels led by gains in auto, banks and capital goods space. Profit booking was seen in pharmaceuticals, realty and metals space.

National Stock Exchange's Nifty ended at 5683.30, up 29.05 points or 0.51 per cent. The broader index touched a high of 5709.10 and low of 5643.20 intraday.

Bombay Stock Exchange's Sensex closed at 18930.47, up 114.83 points or 0.61 per cent. The 30-share index touched a high of 19024.18 and low of 18799.57 in today's trade.

BSE Midcap Index was up 0.35 per cent and BSE Smallcap Index edged 0.01 per cent lower.

Amongst the sectoral indices, BSE Auto Index was up 1.52 per cent, BSE Bankex gained 1.09 per cent and BSE Capital Goods Index advanced 0.94 per cent. BSE Healthcare Index was down 1.05 per cent and BSE Realty Index declined 0.64 per cent.

Tata Motors (3.43%), Bharti Airtel (2.37%), IDFC (2.31%), L&T (1.85%) and Maruti (1.65%) were the top Nifty gainers.

Sun Pharma (-3.48%), GAIL (-2.14%), Jaiprakash Associates (-2.10%), Reliance Communications (-1.73%) and Sesa Goa (-1.67%) were amongst the losers.

Market breadth was negative on the NSE with 1237 advances against 1745 declines.

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