Sensex ends below 17600 – 30 March 2010

The Indian markets witnessed another volatile session in today’s trade. The markets after opening flat gradually moved northward taking cues from its global peers. In the later half of the day the market witnessed heavy sell off as the market declined more than 190 points from the day’s high to close deep in red. Most of the broader and sectoral indices ended the day in the negative territory. IT, Healthcare, Banking and Oil & Gas indices were the main contributors to the decline. The Sensex closed the day in red declining 121.18 points or 0.68 percentage points to close at 17,590.17. Nifty ended the day at 5262.45 declining 40.40 points or 0.76 percentage points. Market breadth was positive with 1,691 advances against 1,098 declines on BSE. On the global front European stocks advanced as UBS AG was said to have generated about $2.3 billion of fixed-income revenue in the first quarter. Asian shares gained.

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