March 13th, 2009 
Aman It was the most strongest session in the year 2009 which benchmarked indices this year. The upward journey was continued in the markets on the back of strong global cues. There was a short covering in rate sensitive and fresh long build up in major heavyweights which boosted the markets to reach it higher and higher.
Wire money online to India with Xoom.com for as low as $4.99.
Nifty touched the 2700+ mark while the Sensex reached beyond 8700 mark. Banking & financial, technology, metal, oil & gas and capital goods stocks led this rally followed by auto, realty and FMCG stocks.
The Sensex which runs on 30 shares touched the geight of 8793.21 before the day closed at 8756.61. the over all gains is that of 4.95%% or say 412.86 points. The 50-share NSE Nifty gained 101.80 points or 3.89%, to settle at 2,719.25, after hitting a high of 2726.15. Reliance Industries, Infosys, ICICI Bank, HDFC, L&T, HDFC Bank, SBI, ONGC, TCS, Tata Power, Bharti Airtel and Reliance Communication were leading contributors in this rally. However, only NTPC closed in red, was down 2%.
This is a real positive sign of the economy being revived and markets coming to the track. Mr. KV Kamath Said that he sees recovery in the fourth quarter of the current financial year across sectors except in the textile industry. Kamath, also the president of industry body Confederation of Indian Industries (CII), said he was basing his assumption on the interaction with members of the CII National Council meeting.
Talking about the Nify March Futures, it ended with 1-point premium. It added almost 40 lakh shares in open interest.this gives turnover of Rs9900 crores. The Nifty Put-Call ration was up by 1 point from 1.25 to 1.35. Stocks futures that added to the stream includes DLF which added 46 lakh shares, SAIL added about 30 lakh, ICICI Bank added nearly 22 lakh and Reliance Capital added about 11.5 lakh shares in open interest.
The rally was led mainly by the positive global cues. When the Indian equities were closing, European marktets were toward high. FTSE went up 62 points, to 3,774. CAC was trading at 2,744, up 50 points and DAX was trading at 3,999, up 43 points. The US futures were trading with marginal gain; Dow Jones Futures were at 7,195, up 27 points and Nasdaq Futures at 1.166, up 3 points. Asian markets ended higher; Nikkei 225 Average surged 5.15% and Straits Times was up 5.62%. Taiwan Weighted shot up 3% and Hang Seng gained 4.37%. However, Shanghai and Seoul Composite were up just 0.2% each
Posted in 
