The market on March 8 closed with moderate gains. The BSE 30-share Sensex was up 108.11 points. 67.68 points up from the day's low and off 84.95 points from the day's high. The Sensex closed above the 17,000 mark at 17,102.60 points.
The NSE 50 share Nifty also closed in the green as it sustained itself above the 5,000 mark for the 5th consecutive session, closing at 5124.
Shares from the auto, banking and healthcare sectors led gains.
The highly volatile realty sector again featured at the bottom of the table along with consumer durables and the metal sector. Despite the poor performance ofthe metal sector, Jindal Saw and SAIL were the top gainers of the day rising 1.60% and 1.20% respectively.
In Asian markets, all indices with the sole exception of Thailand, closed in the green. The Nikkei was the top gainer at 2.09%. The Chinese markets; Shanghai and Shenzhen also quoted a positive change of 0.73% and 0.98% respectively. Hang Seng and Kospi also ended in the positive.
The announcement of the Greece debt package has fail to improve the market sentiment in Europe as the situation still remains highly volatile with major exchanges; Cac and Dax both struggling in the negative. Cac and Dax quoted a change of -0.02% and -0.04% respectively within an hour of close of Indian markets.
"The market is expected to do well till March end as the global markets are doing well," said Vikas Khemani, Co-Head - Institutional Equities, Edelweiss Securities.
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