Daily Market Review - Mar 8 2011

It was a good day for the market as benchmark indices gained more than a percent, thereby recovering most of the yesterday's losses. Sensex gained 217 points to close at 18440 while Nifty ended at 5521, up 58 points. BSE mid-cap and small-cap indices gained 1% and 0.8% respectively. Software stocks were the leaders for the day followed by metal and banking shares. European markets were trading almost flat while US stock futures were modestly higher.


All the BSE sectoral indices closed in green with Teck and IT indices rising the most, up 1.9% each. Bharti Airtel and Tata Motor gained the most among the Nifty stocks, putting on 3.3% and 3.1% respectively while Cairn and Hero Honda lost the most, down 1.8% and 0.8% respectively. BSE advance-decline ratio stood at 1.7:1.