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Sensex tests 17K level once again; ends marginally in green

On the BSE
The Bombay Stock Exchange Sensex has closed the day gaining a mere 22.79 points testing the 17K level once again. The Sensex closed at 16,994.49 compared to the previous close of 16,971.70. The BSE Midcap and Smallcap indices closed the day gaining 41.56 points and 69.32 points respectively.

All others, sans the Consumer Durables and PSU sectoral indices, closed in the green. Reality stocks are once again the gaining sector on the BSE. The Reality Sectoral Index gained 60.28 points today.

On the NSE
The NSE Nifty closed the day at 5088.70 gaining 0.17% in trade today. The CNX IT gained 0.16%.

Amongst NSE gainers today are Hero Honda, DLF, Suzlon, Ambuja Cement, ABB, Jindal Steel, GAIL, Sun Phara, Bharti Airtel and JP Associates. Amongst the losers are Tata Motors, Axis Bank, Wipro, Unitech, Ranbaxy, Hindalco, SAIL, HCL Technologies, BHEL and Power Grid.

Analyst Stock Recommendations – SREI Infrastructure Finance Ltd (BSE: 523756; NSE: SREINTFIN; ISIN: INE872A01014 )
Firstcall Research in its research report dated March 4, 2010 is giving a BUY call on the script. The script is currently trading at Rs. 74.85 levels and has a Market Cap of 8704.31 mn. It has an EPS of Rs. 7.06, a P/E (x) of 10.60; P/BV(x) of 0.77. The target price given for the script is Rs.90.00

Friday, March 05, 2010 18:24:11 PM

Add commentMarch 5th, 2010

Markets on the lookout for the next big theme; remains flat on Mar 4

The Indian stock markets are on the lookout for the next big theme to take a directional course. The markets had a pretty flat day today. The NSE Nifty that closed yesterday at 5088.10 slipped marginally to close today at 5080.25. It closed down by 0.15%. The CNX IT is down 1.07%

Top Nifty gainers of the day include SAIL, Suzlon (both up over 4%), Unitech (up 3%), Reliance Communications (up 2%), DLF, Reliance Infra, Sun Pharam, Tata Steel, Hindustan Leaver and Grasim (all up over 1%). On the other hand, top Nifty losers include Axis Bank (down over 2%), Hindalco, Maruti, Infosys Technologies, Cairn, JP Associates, BPCL, Reliance (all down by over 1%), Ambuja Cement and ICICI Bank (both down marginally).

The BSE Sensex opened this morning at 17,013.68, touched an intra-day high of 17,024.96 and intraday low of 16,888.05 to finally close a little below the 17K mark at 16,971.70. It may be recalled the BSE closed yesterday at 17,000.01. The Sensex slipped 28.31 points and is down 0.17%. The BSE Midcap and Smallcap indices are up marginally.

The Reality stocks index on BSE is up 2.5% today. Consumer Durables and Metals are up over 1%. FMCG, Capital Goods, Power, PSU, Health Care and Auto are up marginally. Bankex, Oil & Gas, Teck and IT are down marginally.

Thursday, March 04, 2010 16:21:46 PM IST

Add commentMarch 4th, 2010