Indian equity market witnessed the big early trade rally led by the higher than expected size of the  stimulus program by ECB. Broad based indices Nifty and Sensex hits fresh high for the fourth consecutive  day of 8,866 and 29,408 respectively. Nifty ended the week at above the crucial level of 8,800 by gaining  74.20 points at 8,835.60 while Sensex ends at 29,278.84 surging 272.82 points.

The trigger for today’s rally was a 1.1 trillion euro stimulus announcement by the European Central Bank  overnight. The ECB said it would buy government bonds from this March until the end of September 2016  to kick-start the stagnant eurozone economy.

The rupee appreciated against the dollar, up 27 paise to 61.42 on dollar selling by exporters amid sustained capital inflows. Soaring domestic equity markets also supported the rupee.

Among the sectorial indices of NSE CNX AUTO led the gainers by surging 1.60%, followed by CNX  REALTY (1.50%) and CNX METAL (0.86%) while CNX MEDIA was only loser of the day, plunged by  0.07%.

Market Breath remained negative for the day with 821 shares ended in red, 403 in green and 33 remain  unchanged.

Out of 50 stocks of Nifty 31 were advanced and 19 were declined.

Top 5 Nifty Gainers: TATA POWER (6.24%), DLF (5.63%), CIPLA (4.15%), CAIRN (3.98%) and JINDAL  STEEL (3.68%)

Top 5 Nifty Losers: PNB (-2.68%), BHEL (-1.90%), GAIL (-1.87%), LUPIN (-1.29%), and HCL (-1.18%)

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