Market Review After closing bell

The Sensex ended 112 points higher to close at 15,807 and the Nifty ended 44 points higher to 4,777. After trading higher for major part of the day, markets have come off their days high in the late afternoon trades as traders prefer to book some profits at higher levels. Selling pressure is seen in the FMCG, IT. On the other hand, the Oil & Gas, Capital Goods and Power index are among the major gainers.

Sasken Communication up by over 12% to Rs136 after reports stated that they would consider share buy-back on April 18, 2008. The scrip has touched an intra-day high of Rs139 and a low of Rs123.

ICICI Bank is trading flat at Rs797. The company is in talks with Moscow Bank of Reconstruction and Development (MBRD) for jointly marketing the Indian banks mortgage loan products in Russia, reports stated.

I had suggested some stokes like BHEL , Punjllyod , REL and all were performed well today, and I had booked 3% profit in these stocks. Yesterday I said about Ksoil for short term investment , Today a small rally of 5% seen in this stock. I still suggest to hold your position in Ksoil.

All in all its good day for Indian market and Nifty cross 4800 level with high volumes and closed near that level.