Daily Market Updates 11/03/2013 by http://www.researchvia.com

Key benchmark indices retained positive zone in morning trade on firm Asian stocks. The barometer index, the 30-share, S&P BSE Sensex, was up 22.77 points or 0.11%, off about 30 points from the day's high and up close to 25 points from the day.

Indore, India (prHWY.com) March 11, 2013 - Key benchmark indices retained positive zone in morning trade on firm Asian stocks. The barometer index, the 30-share, S&P BSE Sensex, was up 22.77 points or 0.11%, off about 30 points from the day's high and up close to 25 points from the day's low. The market breadth was positive. Index heavyweight and cigarette maker ITC edged higher in volatile trade. Another index heavyweight Reliance Industries (RIL) trimmed initial gains. Realty stocks edged lower on profit booking after
recent gains. Pharma stocks rose on renewed buying, with Sun Pharmaceutical Industries and Wockhardt hitting record high.

Foreign institutional investors (FIIs) bought shares worth a net Rs 1283.58 crore on Friday, 8 March 2013, as per provisional data from the stock exchanges. The market breadth, indicating the overall health of the market, was positive. On BSE, 1,082 shares rose and 842 shares fell. A total of 105 shares were unchanged. Index heavyweight and cigarette major ITC rose 0.1% to Rs 298.10. The scrip hit high of Rs 299.40 and low of Rs 296.45 so far during the day.

The government raised the excise duty on cigarettes by about 18% on all cigarettes except cigarettes of length not exceeding 65 mm in Union Budget 2013-14 which was unveiled on 28 February 2013. The Securities and Exchange Board of India (Sebi) on Friday, 8 March 2013, approved the SEBI (Issue and Listing of Non-Convertible Redeemable Preference Shares) Regulations, 2013 thereby providing a comprehensive regulatory framework for issuance and listing of non-convertible redeemable preference shares.

The Federal Open Market Committee (FOMC) holds a two-day meeting on the interest rates in the United States on 19 and 20 March 2013. Ratings agency Fitch added to Italy's mounting problems on Friday by cutting its credit rating due to the political uncertainty after recent national election, deep recession and rising debt.

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