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Indian stock market daily closing report (March 10, 2010)

Contributed by Nirmal Bang

By Nirmal Bang

The markets ended positive after a volatile session as buying was seen in specific stocks like Hero Honda, Reliance, ACC, Hdfc and Nifty closed above the 5100 mark. Buying was seen in sectors like Oil & Gas, FMCG and Auto. The Sensex closed at 17,098 up 46 points or .27%. The Nifty shut at 5116 up .29% or 15 points after making a top of 5,137 and low of 5092. The market breadth was week and the markets reported total turnover of Rs 83,474 Cr. The Nifty March Future was trading at 17 points premium around the closing session.

Among auto stocks, Hero Honda gained 2.94%, Tata Motors up by .98%, M&M up by .58% and Maruti was down by 1.34%.

In FMCG, HUL was up by 1.48% and ITC was up by 1.21%.

In the banking space, Axis Bank was up 1.3%, Hdfc Bank was up .18% , SBI down by .38%, ICICI Bank down .7%,

In the cement space, ACC surged over 2.21%. Grasim was up 0.67% and Ambuja Cements was up 0.5%.

Among the technology space, Tcs gained 1.49%, Financial Technologies down by 1.01%, Infosys was down by .9% and Wipro down by.43%

Among the Sensex gainers, Hero Hhonda was up 2.94%, ACC was up 2.21%, Reliacne was up 1.80% and JP Associate was up 1.75%.

While the losers were Maruti down 1.34%, Bharti Airtel down 1.1% and Ntpc down 1.38%