Market winds up day ahead of RBI policy in green

The Indian markets closed a volatile session on a flat note. Sensex ended up by 56 points and Nifty rose 19 points.
Major Headlines of the Day:
March Inflation at 6.89% versus 6.95% in February
RBI may cut CRR, repo by 0.25%
Tata Motors global vehicle sales up 26% in March
Castrol Q1 net profit down 10%
Tata Steel to invest in Wales over the next 5 years




Indian Indices:
On the first day of the week, the Indian markets closed on a positive note. Buying in majority of the sectors helped markets while profit booking in technology and oil & gas stock capped the upside. Major heavyweight supporters were - ITC, Tata Motors, SBI, L&T, ICICI Bank, Tata Steel and Maruti Suzuki. European markets are trading mixed today. Overall, it was a volatile session for the day.
Looking towards events: Inflation for March 2012 came in at 6.89% versus 6.95% seen in February 2012. March Inflation was higher than the consensus estimate.
The Rate sensitive sectors such as auto, banking and realty rose ahead of Reserve Bank of India (RBI) policy for FY13 to be announced tomorrow (April 17, 2012) as RBI is expected to cut the repo rate by 25 bps. Investors also remained cautious ahead of the RBI's fiscal year's monetary policy.
Coming to currency: Rupee fell 45 paise to a fresh three-month low of 51.75 against dollar.
Among the frontline stocks, Tata Motors was the major gainer on the back of strong global sales in March.
Aviation stocks also traded higher as Aviation Minister Ajit Singh said the FDI in the sector may be considered this week.
Overall market breadth remained positive. Sensex ended at 17151, down by 56 points and the Nifty closed at 5226, down by 19 points.
Market sentiment:
The market breadth stood in favour of advances. Of the 2907 stocks traded on the BSE, 1551 (53.35%) rose, 1223 (42.07%) fell and 133 (4.58%) stocks remained unchanged.
Viewing volumes:
A real estate development company - HDIL was traded the most, with over 0.38 crore shares changing hands on the BSE. Following that an integrated infrastructure development company - Lanco Infratech (0.26 crore shares), Wind turbine major - Suzlon Energy (0.20 crore shares), India's largest automobile company - Tata Motors (0.20 crore shares), India's third largest cement producer - Jaiprakash Associates (0.16 crore shares).
Sectoral & stock screening:
All the 13 sectoral indices closed in green, except three which closed in red, i.e. BSE TECk which fell 0.65%, BSE IT down 0.49% and BSE Oil & Gas declined 0.27%. The topmost gainers were - BSE Auto which surged 1.31%, BSE Bankex rose 1.22% and BSE CG up 1.10%.
Among 'A' group stocks, top three gainers were - Aurobindo Pharma which rose 8.63%, Hexaware Technologies surged 5.28% and HDIL up 4.95%. Top three losers were - GSPL which declined 2.79%, Nestle India fell 2.73% and Ultratech Cement dropped by 2.29%.
Global signals:
The European shares are trading higher on Monday (April 16, 2012), consolidating after recent falls as a strong start to the US earnings season offered some support even as investors remained cautious about the outlook for Spain ahead of a bond auction this week
The Asian markets fell on Monday as Spain's debt troubles added to already downbeat sentiment caused by weak Chinese growth data and fading optimism over the US economy
The US stock futures pointed to a slightly higher opening on the Wall Street on Monday
Market Outlook:
Data to be released in the US on Monday is:- Retail Sales, Empire State Manufacturing Survey, Business Inventories and Housing Market Index.