Market Update 9th April
The BSE Sensex ended the day at 10805 points, up by 63 points (.57 %).The NSE closed flat at 3342 points, down by .9 points. The BSE midcap and smallcap indices were up by 1.69 and 1.66 percentages respectively. The index had opened with a positive gap of 134 points at 10,876, touched a high of 10,932, and soon tumbled to a low of 10,656 points. The markets remained volatile throughout the day before closing in the green
The rally today was led by the realty and metal stocks. The surprise in today’s trade was the spurt experienced in the Reliance Industrial Infrastructure whose value zoomed up by 33.70 % today. The other prominent gainers in today’s trade were Jaiprakash Associates, Tata steel, DLF and ICICI bank. The biggest losers were Hindustan UniLever, Mahindra and Mahindra and Wipro. The Index of Industrial Production (IIP) for February has come in at a negative 1.2% as against 9.5% year-on-year. This was largely on expected lines. The inflation figures for the week ended march 28 were also released which stood at .26 % compared to .31% a week ago.
At the time of closing, European markets and US futures were trading higher. The CAC was trading at 2,935, up 16 points and the DAX was trading at 4,402, up by 44 points. Asian markets ended strongly with Seoul Composite up by 4.3% and Taiwan Weighted gaining by 4.12%. Nikkei surged 3.74% and Hang Seng was up by 2.95%. The rupee was trading at 49.99/US$
