Markets close significantly in the green
Vidrum / 07 Dec 2011
Among the sectors IT, Capital Goods, FMCG, Auto, etc. had a good run up, while Consumer Durables and Health care were dragging down investor sentiment.
| Benchmark Indices | ||
| Index | Closing | % Change |
| Sensex | 16877.06 | 0.43 |
| Nifty | 5062.6 | 0.47 |
| Hang Seng | 19240.58 | 1.58 |
| Nikkei | 8722.17 | 1.71 |
| Shanghai | 2444.07 | 0.29 |
| Live | ||
| FTSE | 5611.84 | 0.77 |
| DAX | 6102.19 | 1.22 |
| CAC | 3220.83 | 1.30 |
The European markets are trading in the positive territory after the Euro leaders promised to take a look at the debt crisis once again in this week. The FTSE, CAC and DAX all are trading higher in the range of 0.77%-1.30%.
Asian markets also remained positive through the day, with the Hang Seng and Nikkei closing above 1.50%. On the other hand, the Chinese markets had a lacklustre session.
Dow Jones Futures is currently trading 102 points or 0.84% up at 12095, which indicates a positive sentiment in the US markets.
| Sectoral Indices | |||
| Category/Index | Close | Change(Pts) | Change (%) |
| Broad | |||
| MIDCAP | 5,771.80 | 11.26 | 0.2 |
| SMLCAP | 6,207.90 | 12.54 | 0.2 |
| BSE-100 | 8,712.59 | 28.01 | 0.32 |
| BSE-200 | 2,038.47 | 6.25 | 0.31 |
| BSE-500 | 6,369.78 | 18.08 | 0.28 |
| Sectors | |||
| IT | 5,808.75 | 81.64 | 1.43 |
| CG | 10,088.26 | 78.42 | 0.78 |
| REALTY | 1,661.18 | 12.62 | 0.77 |
| FMCG | 4,112.64 | 28.98 | 0.71 |
| OIL&GAS | 8,440.66 | 41.13 | 0.49 |
| TECk | 3,488.03 | 16.21 | 0.47 |
| AUTO | 8,863.82 | 40.08 | 0.45 |
| METAL | 10,841.70 | 26 | 0.24 |
| BANKEX | 10,552.51 | 0.47 | 0 |
| PSU | 7,069.42 | -24.94 | -0.35 |
| POWER | 2,021.09 | -8.28 | -0.41 |
| CD | 5,798.32 | -40.58 | -0.69 |
| HC | 6,006.77 | -93.29 | -1.53 |
Among the Sensex stocks, IT heavyweights Wipro and Infosys were among the leading index gainers, up 3.31% and 1.95% respectively. The Metals pack, which include Sterlite Industries, Tata Steel, Jindal Steel and Hindalco, shined today and closed today’s session higher in the range of 0.84%-1.58%. Auto stocks like Bajaj Auto, Mahindra & Mahindra and Maruti Suzuki also closed today's session on a positive note. Other marginal gainers include stocks like HDFC Bank, RIL, BHEL, etc.
On the other hand, Bharti Airtel and NTPC were among the worst performers, down 3.33% and 3.21% respectively. Others in the losers pack include Sun Pharma, Coal India, ICICI Bank, Cipla, etc., which closed the day’s session down in the range of 1.34%-2.58%.
L&T closed 1.26% higher at Rs 1331, as the news came in that L&T Construction has bagged orders worth Rs 2700 cr.
Kolte Patil Developers surged 2.39% to Rs 34.25, after the company unveiled the 'Life Republic Township' at Hinjewadi, Pune.
Dewan Housing Finance jumped 12.43% to Rs 213.50, after Arthveda, the company's fund management arm, launched a real estate fund to tap the demand in the middle income housing segment in Tier II and III cities.
Simbhaoli Sugars plunged 4.76% to Rs 29, on the back of the news that the company is entering into a clean power generation JV with Sindicatum Sustainable Resources Group.
| Advance-Decline Table | |||
| Index | Advances | Declines | Unchanged |
| BSE 30 | 21 | 9 | 0 |
| BSE 100 | 57 | 42 | 1 |
| BSE 200 | 110 | 88 | 2 |
| BSE 500 | 248 | 246 | 6 |
| Others | 1200 | 1118 | 108 |
The market breadth, which indicates the overall health of the market, was positive. Out of the 3256 stocks traded on the BSE, 1636 advanced, 1503 declined and 117 stocks remained unchanged.
In conclusion, we expect the markets to remain volatile as of now. Investors are very jittery about investing in markets that fail to provide any concrete direction. We advise our readers to stay cautious.
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