Market in a nutshell
§ Continuing yesterday's rally, the domestic bourses opened sharply higher tracking global cues. Stocks continued to march ahead in northward direction as further ease in inflation to memorable lows, raised expectations of relief in the monetary policy by the RBI. Nifty closed at 3,082 (up 98 points) while Sensex ended the day at 10,003 (up 335 points)
§ Nifty April Futures were trading in a range of 8-14 points premium for the major part of the session.
§ The expiry session of the March F&O series saw Nifty rollovers to the tune of 68% while market wide rollover stood at 76%. The April series starts with the highest OI in value terms since September 2008.
§ The BSE Capital Goods index surged 5.42% to close at 6,425 with Crompton Greaves climbing 13.8% to INR 121 while The BSE Power index also ended higher by 4.02% at 1,883 with Lanco Infratech rising 11.6% to INR 147.
§ Market breadth was positive with an Advance: Decline ratio of 1.5:1. Sesa Goa jumped 10.6% to INR 98 while Aban Offshore advanced 10.5% to INR 367.
§ Cash volumes were at INR 201,742 mn (NSE+BSE) as against a 5 DMA of INR 148,157 mn. F&O volumes were at INR 769,570 mn as against a 5 DMA of INR 616,853 mn.
Eye Catchers
§ Orchid Chemicals rallied 10.3% to INR 71 with volumes of 1,967,560 (up 1300%) after the company said it has bought back foreign currency convertible bonds worth $25.7 million and is in the process of extinguishing the same
Market News
§ The rupee was trading at INR 50.63 against the dollar.
§ Nymex crude rose to trade at USD 53.63/bbl. Base metals were trading on a mixed note.
§ Religare raised rights issue size to INR 18,500 mn
§ Inflation neared zero at 0.27%
§ HCC saw 17% jump in orders during Mar 08-09
Indices performance
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| CURRENT | PREV. | %CHANGE |
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| S&P CNX NIFTY | 3,082.25 | 2,984.35 | 3.28% |
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| CNX NIFTY JUNIOR | 4,279.85 | 4,189.90 | 2.15% |
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| CNX IT | 2,387.45 | 2,300.35 | 3.79% |
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| BANK NIFTY | 4,285.15 | 4,126.45 | 3.85% |
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| CNX 100 | 2,878.65 | 2,791.05 | 3.14% |
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| S&P CNX DEFTY | 2,110.45 | 2,035.95 | 3.66% |
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| S&P CNX 500 | 2,314.20 | 2,255.60 | 2.60% |
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| CNX MIDCAP | 3,312.95 | 3,293.45 | 0.59% |
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| NIFTY MIDCAP 50 | 1,140.25 | 1,110.20 | 2.71% |
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| Top Gainers |
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| Symbol | Open | High | Low | Last Price | Prev. Close | % Change |
| TATAMOTORS | 164.00 | 180.40 | 159.05 | 175.90 | 160.35 | 9.70 |
| UNITECH | 34.50 | 37.10 | 33.35 | 36.50 | 33.95 | 7.51 |
| LT | 629.00 | 670.00 | 629.00 | 662.15 | 623.60 | 6.18 |
| TCS | 512.65 | 577.95 | 512.65 | 558.45 | 526.00 | 6.17 |
| ONGC | 765.50 | 815.00 | 760.60 | 807.60 | 763.70 | 5.75 |
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| Top Losers |
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| Symbol | Open | High | Low | Last Price | Prev. Close | % Change |
| RANBAXY | 165.00 | 165.80 | 154.70 | 157.10 | 163.00 | (3.62) |
| HCLTECH | 103.40 | 105.85 | 100.00 | 101.35 | 103.85 | (2.41) |
| POWERGRID | 99.95 | 99.95 | 94.30 | 96.25 | 97.05 | (0.82) |
| AMBUJACEM | 72.50 | 72.50 | 69.30 | 69.60 | 70.15 | (0.78) |
| SUZLON | 45.80 | 46.35 | 43.90 | 44.65 | 44.90 | (0.56) |
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