17 Feb 2010 Market Closing

17 Feb 2010  15:33
Today we have seen the strength in the market.Nifty topped at 4929.70 but profit booking pushed it upto 4890 again it touched 4913 and came down till 4888.But strength continued and Nifty closed at 4910.75 gaining 55 points.Whereas Sensex closed at 16415.91,up 189.23 points.Asian and European indices were also supportive and been trading in positive.Hangseng closed 265 points up and Nikkei closed in green with 272 points.Similarly European major indices were trading in positive bias from 1% to 1.5% at closing time of Indian markets.
Bank Nifty gave a smart rally above our recommended level of 8415 and closed at 8551 after touching high of 8569.25
Amtekindia and Jindalphoto closed gaining 20%.Among Nifty50 stocks,Tatasteel was the top gainer.It gained more than 6% to close at 583.60.Indiabull Real Estate wad down by nearly 4%,closed at 174.75.
Among BSE sectoral indices,Consumer durable index gained highest(3.34%) followed by Metal and Bankex.
Realty and IT indices were the loser today.
Market breadth was positive to 2:1 as Stocks gained today were 840 and losers were 419.
Siemens made a new 52 week high of 684.70.

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