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Indian stock market daily closing report (March 11, 2010)

Contributed by Nirmal Bang

By Nirmal Bang

Markets opened up negative in early trade and remained sluggish however, it managed to close in positive. There was a stock specific movement in indices and Sugar stocks saw huge selling pressure Renuka sugar down by 5.5%, Balrampur Chini down by 3.35% and Bajaj Hind down by 1.65%. The benchmark index Sensex closed at 17,168 up 70 points after trading in the range of 17,215 – 17,054. The Nifty shut at 5,133 up 17 points after hitting a high of 5,153 and a low of 5102. Among the broader indices - the BSE Midcap Index was down by 0.15% and Smallcap was down .50%. Today's market breadth was week and Total Turnover was 83,341Cr.

IT stocks were up today, Patni was up 1.96%, Tcs was up 1.31%, Wipro was up by 2.22% and Infosys Technologies was up .92%

In the Auto space, Herohonda was down .98%, Tata motors was down .97%, Maruti was down .91%, and and Mahindra & Mahindra was down by .52%

In the banking space, Axis Bank was up 1.89%, ICICI Bank was up 1.48%, SBI rose by .45% and Kotak Bank down by 1.96%.

In Realty counters, we saw some profit booking in Dlf ended down .48%, Unitech down by .47 and Hdil down by .29%.

Among the Sensex gainers were Sun Pharma up by 2.97%, Sterlite Ind up by 2.12%, Bharti Airtel up by 1.98% and ICICI Bank up by 1.48%.

Among the Sensex losers were Hindustan unilever down 4.21%, Hindalco down by 1.72% RCom down 1.17% and ACC down by 1.08%.