29 March 2011 Closing Market Updates

29 March 2011 Closing Market Updates  15:55

Nifty gained 49.10 points and closed at 5736.35 and Sensex closed on 19121.01 with 177.87 points' maintaining gain its upward journey for the sixth consecutive day on sustained capital inflows as falling crude oil prices eased inflationary concerns.Again Nifty facing resistance of 5740 to close above.March expiry contract ended at 5754.20 with 17.85 points' premium.
All BSE Sectoral Indices closed positive.Top gainer was Auto Index with 1.70% rise followed by Teck, Metal, Consumer Durables, IT and Realty index.
In Nifty50 stocks, Rcom was the top gainer by 4.37% rise and ended at 109.90 whereas IDFC was the top loser by 1.72% and ended at 156.7.
Advance/Decline Ratio was negative as 526 stocks declined and 864 stocks gained today on NSE.
Major World Indices :
Hang Seng : -7.83
Nikkei : -19.45
FTSE : -17.17
CAC : -26.43
DAX : -57.49

FDI down by 30% in February to $ 1.2b

Foreign direct investment (FDI) in India registered its second consecutive decline in February, 2011,dipping by 30 per cent year-on-year to USD 1.2 billion in the backdrop of financial turmoil in Europe.In February, 2010, India attracted foreign direct investment (FDI) worth USD 1.7 billion.

During the 11-month period from April, 2010, to February, 2011, FDI inflows into India declined by 25 per cent to USD 18.3 billion, which makes it imperative for the country to fine-tune its policies to attract overseas investment.
The country received FDI worth USD 24.6 billion during the April-February, 2009-10, period.