Indian stock Indices | SENSEX | NIFTY closes up

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The benchmark Indian stock indices like Bombay Stock Exchange's SENSEX and National Stock Exchange's NIFTY closed in green thus ending the losing spree.

The 30 component Sensex closed today at 18518.81, up 308.23 points. The large-cap index hit a high of 18568.48 in intraday trading today.

National Stock Exchange's Nifty closed at 5551.45, up 91.60 points. The index touched a high of 5564.40 during day trade today.

Sector wise performance:
BSE Bankex was up 3.71 percent, BSE Auto Index moved 3.13 percent in green and BSE IT Index closed up by 1.84 percent.

BSE highlights for today

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As Bombay Stock Exchange witnessed a lackluster day today, Following are the major news from the Bombay Stock Exchange for today:
for detailed analysis of today - click here

1. Stock Prices of Mahindra Satyam are up by over 2 percent today at BSE.
2. ADAG Group has investment plans for some 125000 crore lined up moving Reliance power and RCom up today at BSE.
3. HDFC bank stocks down by over 1 percent.
4. Seimens, ABB stock prices rises.
5. Price hike news boosts mahindra and Mahindra up by 2.5 percent

HAPPY TRADING!!

Bulls at SENSEX for 6th straight quarter

Indian Stock Markets are on a bullish streak with major indices trading in green now for sixth straight quarter, A feat which is longest in past 20 years of BSE's trading history.For the quarter ended June, the 30-share BSE index outperformed the MSCI's measure of Asian shares other than Japan which shed nearly 9 percent.

Foreign funds have pumped in $6.7 billion in Indian equities so far in 2010, after investing a record $17.5 billion in 2009. The BSE index may rise to 19,000 points by end-2010, the median estimate in a Reuters poll of 20 market participants showed, while 17 forecast it rising to 21,000 by end-June 2011.

SENSEX | NIFTY closes in red as global cues weakens

(BSE closing rates 3/5/2010) - Market breadth was negative on the BSE with 875 declines against 424 advances.

Bombay Stock Exchange’s Sensex closed at 17386.08, down 172.63 points or 0.98 per cent. The index touched intra-day low of 17345.92 and high of 17536.86.

National Stock Exchange’s Nifty ended at 5222.75, down 55.25 points or 1.05 per cent. The index touched a low of 5210.05 and high of 5278.70 in today’s trade.

“Indices are likely to face resistance at the 17650-17800-18000/5310-5350-5400 levels (on Sensex and Nifty respectively). Any surge in the indices may see profit taking around the indicated resistances. Downside supports are placed at the 17350-17200-17050/5250-5220-5200 levels.

Depending on the global cues we expect to see an upward movement from the mentioned supports and trade could be influenced by strong moves sectorally. Any move until the said resistances shall be utilised to exit from long positions and look out for a sustainable move,” said Kalyan Reddy, technical analyst, Karvy Stock Broking.

BSE Midcap Index was down 0.40 per cent and BSE Smallcap Index slipped 0.33 per cent.

Amongst the sectoral indices, BSE Metal Index was down 1.74 per cent, BSE IT Index slipped 1.28 per cent and BSE Capital Goods Index declined 1.06 per cent.