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Markets rallies in post noon sesson - Banking stock emerge winners - Mar 21, 2007 - Closing Bell

March 21st, 2007

The Indian stock markets added points in the last 1 to 2 hours of trade as stocks turned bullish. All sectoral indices closed in positive, Banking stocks gained lime light.

NIFTY closed at 3764.55 (+66.95; +1.81%) while Sensex closed at 12945.88 (+239.94)

All 12 scripts on Bank Nifty advanced today. Toppers in the list includes Bank of Baroda, Corporation Bank (both +6%), ICICI Bank (+5%), Syndicate Bank and OBC (both +4%).

IT stocks had a mixed day today. While some popular scripts that are bearish suddently turned bullish while other bullish stocks turned bearish today. Toppers in this list include GTL (+3%), HTMT (+2%), IGS, Infosys Technologies and Polaris (all +1%) while CMC (-3%), MPhasis, FinanTech, Rolta and HCL Tech (all -1%) closed in red.

Nifty 50 gainers of the day are ICICI Bank, Jet Airways (+5%), SAIL, OBC (both 4%), HLL, Dabur, PNB, Bharti Airtel, SBI and REL (all +3%). Nifty 50 losers of the day include Gujarat Ambhuja (-3%), BPCL (-2%), HCL Tech, Ranbaxy, HDFC, ABB, GAIL (all -1%), Grasim, National Aluminium and Dr. Reddy (all marginally in red)

USD/INR is at 43.48.

Entry Filed under: Equity Markets, Banks & NBFC, Closing Bell