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Indian stock market daily closing report (March 08, 2010)

Contributed by Nirmal Bang

By Nirmal Bang

Markets opened up strongly in early trade, as Global cues were positive. The benchmark indices remained positive throughout the day and closed in the green. The benchmark index Sensex closed at 17,103 up 108 points after trading in the range of 17,188 – 17,035. The Nifty shut at 5,124 up 35 points after hitting a high of 5,147 and a low of 5092. Among the broader indices - the BSE Midcap Index was up 0.71% and Smallcap was up 1.09%. Today's Total Turnover was 79,890Cr.

In the Auto space, Mahindra & Mahindra was up 4.33%, Herohonda was up 3.09%, Maruti was up 1.39%, and Tata motors was up .18%

IT stocks were up today, Rolta was up 2.95% and Patni was up 2.26%, Wipro was up by 1.52% and Infosys Technologies was up .98%

In the banking space, ICICI Bank was up 2.32%, Axis Bank was up 2.32%, SBI rose by 1.06% and Bank of Baroda was up .92%.

In Realty counters, we saw some profit booking in Unitech down by 2.58%, Hdil down by 1.5% and Dlf ended up .19%.

Telecom stocks saw selling pressure with Bharti Airtel was down by 2.13%, RCom was down by .55%, MTNL down by .53%, and Tata Communications was down by 0.08%

Among the Sensex losers were Bharti Airtel down 2.13%, Hindustan unilever down 1.59%, Reliance down .47%.