Monday, March 8, 2010

Sensex ends firm on strong global cues


The Asian markets held on to their gains and ended near the highs of the day. The Hang Seng gained 408 points (1.9%) to 21,196 and the Nikkei jumped 216 points (2%) to 10,585.

Buying in auto and the banking sectors helped the markets exhibit firmness throughout the trading session. Strong opening of the European bourses also provided a boost to the markets.

However, the markets pared some of its gains towards the end owing to profit taking. The Sensex finally ended at 17,102, up 109 points. The NSE Nifty closed shop at 5,124, up 35 points.

The market breadth was positive, out of 2,946 shares traded, 1,752 advanced and 1,107 declined on the BSE.

Among the sectoral indices, the auto and the bank indexes added 2% and 1%, respectively.

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