Markets close with a postive bias

Chandrakant / 24 Nov 2011

Indian markets remained volatile throughout the day, but ended in the green zone, with the indices up by 1.01% and 1.06% each. The volatility was amidst F&O expiry, with traders looking to roll over the settlement for the next month.

Indian markets remained volatile throughout the day, but ended in the green zone, with the indices up by 1.01% and 1.06% each. The volatility was amidst F&O expiry, with traders looking to roll over the settlement for the next month. Lower inflation numbers and a positive opening in the European markets helped the Indian markets to remain positive at the end of the trading session.

Benchmark Indices
Index Closing % Change
Sensex 15858.49 1.01
Nifty 4756.45 1.06
Hang Seng 17935.05 0.39
Nikkei 8165.18 -1.83
Shanghai 2397.55 0.10
Live
FTSE 5154.95 0.29
DAX 5529.53 1.30
CAC 2862.08 1.39

Asian markets closed with marginal gains today after witnessing a strong opening. However, they lost the early gains on the back of concerns over the Euro zone and weak Chinese industrial data. Japan's Nikkei Stock Average ended in the red, and was at its lowest level in nearly 32 months.

The European markets opened the day in the green, but lost the early gains on the back of the ongoing concerns over the debt crisis in the region. Also, investors are looking to buy at lower levels, while short sellers seek to book profits after a continuous fall over the last 2 weeks. However, this remains a technical bounceback and may remain limited, as concerns over the debt crisis continues to remain open.

Dow Jones Futures is currently trading 106 points or 0.93% up at 11340, indicating a positive sentiment in the US markets. US spot markets will remain closed for the Thanksgiving holiday.

Among the BSE sectoral indices, CG, Auto and Teck remained the top performers, with gains between 1.61%-2.5%. Other indices like Power, Pharma, Oil & Gas, PSU, IT, Realty and Bankex were up between 1%-1.5%. The Consumer Durables index closed marginally down by 0.21%. 

Sectoral Indices
Category/Index Close Change(Pts) Change (%)
Broad
MIDCAP 5591.33 77.22 1.40
SMLCAP 5998.88 22.89 0.38
BSE-100 8217.00 92.79 1.14
BSE-200 1927.24 22.58 1.19
BSE-500 6039.99 67.51 1.13
Sectors      
AUTO 8471.77 202.20 2.45
CG 9288.60 209.93 2.31
TECk 3340.41 57.22 1.74
HC 5952.92 98.23 1.68
REALTY 1558.74 20.54 1.34
IT 5517.25 70.52 1.29
POWER 1886.98 20.38 1.09
PSU 6652.75 64.64 0.98
BANKEX 9742.50 93.20 0.97
OIL&GAS 8030.01 74.56 0.94
METAL 10040.41 16.71 0.17
FMCG 3928.30 3.03 0.08
CD 5744.61 -12.13 -0.21

Among the Sensex stocks, Maruti Suzuki remained the top performer, with gains of more than 4%. Bajaj Auto, Bharti Airtel, L&T, Mahindra & Mahindra, ONGC, TATA Motors and TCS all gained between 2%-3.7%. Hero MotoCorp and Hindalco remained among the top losers, down by 1.56% and 1.26% respectively.

The market breadth, which indicates the overall health of the market, was positive. Out of the 3222 stocks traded on the BSE, 1710 advanced, 1393 declined and 119 stocks remained unchanged.

Advance-Decline Table
Index Advances Declines Unchanged
BSE 30 25 5 0
BSE 200 149 51 0
BSE 100 76 24 0
BSE 500 316 180 4
Others 1144 1133 115

In conclusion, we expect the markets to remain volatile as investors hesitate to invest in markets that fail to provide any concrete direction. We advise our readers to stay cautious.

If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.