Markets witness a strong trading day
Vidrum / 26 Dec 2011
The Indian markets had a strong trading day, and extended their morning gains. Both the indices closed in the green zone, up by 1%.
The Indian markets had a strong trading day, and extended their morning gains. Both the indices closed in the green zone, up by 1%.
All the sectoral indices closed in the green, except Healthcare, which closed marginally down by 0.04%. On the other hand, sectors like Teck and IT surged up by 2.61% and 2.39% respectively. Realty, Metals and Consumer Durables were among the other sectors that closed up more than 1% each.
All the sectoral indices closed in the green, except Healthcare, which closed marginally down by 0.04%. On the other hand, sectors like Teck and IT surged up by 2.61% and 2.39% respectively. Realty, Metals and Consumer Durables were among the other sectors that closed up more than 1% each.
| Benchmark Indices | ||
| Index | Closing | % Change |
| Sensex | 15970.75 | 1.47 |
| Nifty | 4779 | 1.38 |
| Hang Seng | 18629.17 | 0.00 |
| Nikkei | 8479.34 | 1.00 |
| Shanghai | 2190.11 | -0.67 |
| Live | ||
| FTSE | 5512.7 | 0.00 |
| DAX | 5878.93 | 0.00 |
| CAC | 3102.09 | 0.00 |
Among the other Asian market indices, the Nikkei closed 1% up, while Shanghai closed down by 0.67%. The Chinese markets looked nervous after the money market rates jumped, as also on reports that the govt. is to maintain property curbs and cut railway spending next year.
The US and European markets are shut today on account of the holiday season.
| Sectoral Indices | |||
| Category/Index | Close | Change(Pts) | Change (%) |
| Broad | |||
| MIDCAP | 5,228.23 | 43.04 | 0.83 |
| SMLCAP | 5,669.98 | 55.08 | 0.98 |
| BSE-100 | 8,177.51 | 100.21 | 1.24 |
| BSE-200 | 1,907.48 | 22.75 | 1.21 |
| BSE-500 | 5,946.14 | 68.31 | 1.16 |
| Sectors | |||
| TECk | 3,414.22 | 86.91 | 2.61 |
| IT | 5,811.75 | 135.77 | 2.39 |
| REALTY | 1,450.45 | 22.77 | 1.59 |
| METAL | 9,663.77 | 132.15 | 1.39 |
| CG | 8,269.10 | 109.61 | 1.34 |
| CD | 5,396.01 | 67.73 | 1.27 |
| OIL&GAS | 8,026.14 | 99.99 | 1.26 |
| POWER | 1,831.15 | 18.09 | 1 |
| AUTO | 8,356.77 | 75.3 | 0.91 |
| BANKEX | 9,610.03 | 80.17 | 0.84 |
| FMCG | 4,119.14 | 30.96 | 0.76 |
| PSU | 6,460.86 | 38.77 | 0.6 |
| HC | 5,856.12 | -2.25 | -0.04 |
From the Sensex stocks, Hero MotoCorp and Bharti Airtel were among the leading index gainers, up 4.75% and 4.69% respectively. Other stocks like Infosys, Tata Steel, TCS and Jaiprakash Associates closed higher in the range of 2%-3%. Banking heavyweights like SBI, HDFC Bank and ICICI Bank closed in the green. Others like Wipro, ITC, Sun Pharma etc. closed the session marginally in the green zone.
On the other hand, the losers list includes stocks like Cipla, Maruti Suzuki, Hindalco and ONGC, all of which closed the session down in the range of 0.64%-0.19%.
Sugar stocks like Balrampur Chini, Bajaj Hindusthan, Sakthi Sugar etc. all closed the day down in the range of 0.9%-6% after the news that the govt’s approval for sugar exports may be delayed. GVK Power and Infra surged 8.27% to Rs 11.92, on the back of news that a Singapore-based group is to buy 26% stake in the company's airport business. However, the management clarified during the trading hours that there is no agreement with any party for selling equity stake in the Airports vertical. Havells India jumped 3.73% to Rs 399, after the company reported that it is entering into a JV with Shanghai Yaming Lighting.
| Advance-Decline Table | |||
| Index | Advances | Declines | Unchanged |
| BSE 30 | 27 | 3 | 0 |
| BSE 100 | 73 | 27 | 0 |
| BSE 200 | 145 | 52 | 3 |
| BSE 500 | 331 | 159 | 10 |
| Others | 1403 | 812 | 138 |
The market breadth, which indicates the overall health of the market, was positive. Out of a total of 3183 stocks traded on the BSE, 1979 stocks advanced, 1053 declined and 151 remained unchanged.
In conclusion, we expect the markets to continue trading sideways in the holidays season. Investors are jittery about investing in markets that fail to provide any direction.
Finally, we at DSIJ, wish all our readers a Merry Christmas and a Prosperous New Year.
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