Monday, March 22, 2010

Closing Market Update

Closing Market Updates 15:39
Nifty closed just above the 5200 mark while Sensex above 17400
Today we have seen the gap down opening.Nifty opened 76 points on lower side at around 5187 and traded in the negative territory for the whole day.Nifty tried to cross 5250 mark but failed twice.At last Nifty closed at 5199.45 down 63.45 points and Sensex closed 185 points in negative at 17393.11.Realty stocks hit the worst today.This reaction came on the RBI's move to hike REPO and Reverse REPO rates by 0.25 %.
Among Nifty50 stocks, HDFCBank and RCOM were the top gainers with 1.55% and 1.52% respectively whereas JPAssociat lost maximum by 4.89%.
All the BSE Sectoral indices closed in red except the Healthcare index which gained 0.26%.Realty Index was the top loser with 3.88% down.
Market breadth was negative to nearly 2.70 : 1 as 951 stocks declined and 352 stocks gained today.

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