Profitable March of Stock market On 1st March

Upward March on 1st March by Stock Market

"NSE-BSE"

It is a profitable start of March'11.The first day brings lot of cheers to the stock market. Both the Benchmarks NSE and BSE showed positive movement today. The stock market registered remarkable growth today with all sectoral indices closed in the green. Auto was the biggest gainer of todays trade  other leading  sectors were Capital Goods, Banking, Realty and Metal. The BSE Sensex closed at 18446.50  points from its previous close, and NSE Nifty closed at 5522.30 points from its previous close.

The Nifty-50 touched the 5500 level today. Indian equity benchmarks continues their upward march with the reason of value buying . Auto, Financial, Infrastructure, Oil & Gas and Metal were on the buyers choice.This led NSE index to touch a high.

Major gainers in Nifty-50 were:- 

• Mahindra & Mahindra (7.38%) 
• Maruti Suzuki India (6.24%) 
• Jaiprakash Associates (5.29%) 
• Bajaj Auto (5%) 
• NTPC (4.79%) 

The 30-share BSE Sensex moved up 623 points to 18446.It is up by 3.5% than yesterday.Sustained buying led BSE Sensex to a high.

 Major gainers in BSE (Sensex) were:-

• Glenmark Pharma (14.10%)
• Ashok Leyland (11.46%)
• TVS Motor Co. Ltd. (11.03%)
• Havells India (9.17%)
• JSW Steel (8.63%)

Sustained buying activity floated by better-than-expected Union Budget helped the indices to move upward. Positive movement from European market also boosted sentiments. 

Investor sentiments have improved after the Finance Minister did not propose a hike in excise duty or service tax in the Budget. The Finance Minister has also proposed to cut the surcharge for domestic companies, which is a positive sign.

Indian shares provisionally closed up 3.5 % on Tuesday, it shows a strong growth outlook for India which is Asia's third-largest economy.