Banknifty business consultancy is an advisory company which offers stock recommendation for Equity, Stock Options, Stock Future, Bank Nifty Future in NSE Stock Market on Intraday basis.

Monday, March 28, 2011

Sensex hits 19,000 mark, Nifty crosses 5,700

The Indian markets seem in no mood to relent and buckle under global pressure. The BSE benchmark index hit the 19,000 level in early trade today while the Nifty crossed the 5,700 mark.
Frontliner stocks, Hero Honda, Reliance Infrastructure, Reliance Communications, Bajaj Auto, Suzlon Energy, ONGC, L&T, SBI, Wipro, HCL Tech and Bharti Airtel led the markets higher.
The Wall Street closed lower in trade yesterday, while Asian markets continue to slip as the nuclear and supply concerns soured market sentiment.
In early trade, today the Asian markets have been a mixed bag with the Nikkei down 1.51% and the Shanghai composite shed 0.62%. The silver lining, however, is that crude prices have begun abating and analysts believe the markets are unlikely to plummet once crude prices stabilize.
The Sensex, however  is still down 7.6 percent in 2011, weighed down by foreign funds' withdrawal of $1.7 billion from Indian equities.

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