Indian market opened positive but traded slightly below the dotted line in the later half session, finally closed with marginal gains. SENSEX closed at 17578, up 58 points and Nifty at 5262, up16 points from the previous close. CNX MIDCAP index was down 0.04% and BSE SMALLCAP index was up 0.2%. The market breadth was positive with advances at 616 against declines of 646 on the NSE. Top gainers included BHARTIARTL, RCOMM, HEROHONDA, RIL, HUL, PNB, IDEA and POWERGRID. Top losers are listed as HDFC, DLF, M&M, HINDALCO, TCS, GAIL and JINDALSTEEL.

Next Day Trading Session:

Next session is again expected to be a range bound and volatile session. NIFTY may face selling pressure at higher levels; 5310 may act as a strong resistance level while 5220 is a good support. Traders are suggested to buy at declines. BANKING STOCKS and TELECOM STOCKS may continue bullish trend while AUTO and REALEST may face selling pressure.

Dynamatic Technologies has signed a contract with Boeing on 19 March 2010 for the manufacture of cabinets to house critical power and mission equipment for the P81 program. The P81 is a maritime surveillance aircraft from Boeing, customized for the Indian Navy, for which the Ministry of Defence in India has placed an order with Boeing.

Intense Technologies has announced that its enterprise customer communications management solution, UniServe was chosen as the best software product in the established Indian company category at the 18th annual ITsAP software products' showcase and awards. The category attracted nominations from several product companies across Andhra Pradesh.

Abhishek Industries (AIL) launched its new copier paper 'Lotus' in the premium segment in New Delhi on 19 March 2010. With this launch, the flagship company of the Rs 25 billion Trident Group has joined the league of companies offering products in the high end and eco friendly copier paper segment The board of Hindustan Dorr-Oliver in its meeting on 19 March 2010 has accorded to raise funds through issue of equity shares / GDRs / ADRs / FCCBs / any other financial instruments convertible in to Market Outlook equity shares including fully / partly convertible debentures, bonds, warrants / such other securities for an amount not exceeding US$ 50 million.

Wheels India has commenced the commercial production of steel structure parts for power plant and the first sale took place on 18 March 2010.

The Board of Dalmia Cement Bharat (DCBL) in a meeting held on 18th March 2010 approved a scheme of arrangement to transfer its cement, power and other businesses from DCBL into Dalmia Bharat Enterprises Limited (DBEL).