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MARKET UNFOLDED AS EXPECTED, CLIMBED TO THE HIGH OF 5884
WEEK WRAP
The markets took a pause after an uninterrupted run in the last eight trading sessions. The Sensex traded in a narrow range of around 150 points through the day before ending at 19,420, lower by 24 points and the Nifty shut shop at 5826, down seven points. In a reversal of recent trend, the broader markets outshone their larger counterparts; the midcap index ended at 6982, higher by 109 points and the smallcap index ended at 8358, up 182 points.
The auto companies announced good sales numbers for the month of March. The country's largest car-maker Maruti Suzuki India reported a 28.20% jump in
total sales for March to 1,21,952 units from 95,123 units in the same month last year. And for entire 2010-11 financial year, the company's sales soared by
24.81% to 12,71,005 units from 10,18,365 units in the previous fiscal.
On the other hand, Reliance Communication spurted by 3.6% at Rs 111, Jaiprakash Associates advanced by 3% at Rs 95 and BHEL gained 2.5% at Rs 2113. And Tata Steel rose 0.8% at Rs 625 after taking Tinplate on board as its subsidiary by hiking its stake in the later from 42.88% to 59.45%.
ASIAN & EMERGING MARKET
Asian markets were trading mixed. China's Shanghai Composite was up 0.47% or 13.74 points at 2,941.85.
Asian shares rose on Friday, looking to extend three straight quarters of gains, while the dollar strengthened against most major currencies after hawkish
comments from a senior US Federal Reserve official.
China's main stock index closed up 1.3 percent on Friday, as cheaply valued financial stocks drove the index higher after a strong sector earnings performance.


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