Daily Market - Apr 7 2010

Markets consolidated for yet another day as the benchmark indices closed marginally in the green after a choppy trade. Sensex crossed the 18000 mark for the first time after 27th Feb, 2008 but finally settled at 17970, gaining 28 points while Nifty finished at 5374, up 8 points. Broader markets continued to outperform with BSE Mid-cap and Small-cap indices gained 0.5% and 0.7% respectively. European markets were trading marginally in the red as concerns over Greece’s finances resurfaced as the troubled nation seek to amend a safety net from the European Union and IMF. US stock indices futures too were down about a fourth of a percent.


Auto and Oil & Gas indices were the top gainers among the sectoral indices, putting on 1.1% and 0.8% respectively while Bankex and Metal index were down the most, shedding 0.4% and 0.1% respectively. Idea surged 5.1%, becoming the top gainer among the Nifty stocks, followed by Powergrid, up 3.4%. PNB and HUL were the top losers, down 1.9% each. BSE advance-decline ratio stood at 1.4:1