Markets end the day on a flat note
Shrikant / 11 Jan 2012
The Indian markets witnessed a very flat day today. The Sensex closed with gains of 10 points, while the Nifty earned 11 points.
After yesterday’s rally of 350 points, the Indian markets witnessed a very flat day today. The markets played in a very tiny range, and ended on a shy note. The benchmark index Sensex closed with gains of 10 points, while the Nifty earned 11 points.
Earlier, the other Asian stock exchanges closed with a mix trend. The Shanghai market was down by 0.42%, while Nikkei and Hang Seng closed marginally up.
European markets are trading on a negative note. At the moment, the FTSE is marginally down, while CAC and DAX are flat in their trades.
Dow Jones Futures is currently trading 16 points or 0.13% up at 12406, indicating a flattish to positive sentiment in the US markets.
Benchmark Indices
Index
Closing
% Change
Sensex
16,175.86
0.07%
Nifty
4,860.95
0.24%
Hang Seng
19,151.94
0.78%
Nikkei
8,447.88
0.30%
Shanghai
2,276.05
-0.42%
Live
FTSE
5,695.08
-0.03%
CAC
3,230.20
0.60%
DAX
6,168.35
0.09%
Back home, the Realty index surged with 4.64% gains and remained up for the whole day. Metals, Bankex and Oil & Gas were up with over 1% gains. CG, CD, Power, HC, PSU and Auto were all up by varying points. The FMCG index closed with marginal losses. The IT and Teck indices closed with negative returns ahead of the Infosys results to be declared tomorrow.
Sectoral Indices
Index
Close
Change(Pts)
Change (%)
Broad
MIDCAP
5505.52
54.44
1
SMLCAP
6075.43
78.95
1.32
BSE-100
8352.08
30.97
0.37
BSE-200
1954.91
8.22
0.42
BSE-500
6110.26
29.38
0.48
Sectors
REALTY
1547.59
68.61
4.64
METAL
10310.39
227.67
2.26
BANKEX
10140.36
112.74
1.12
OIL&GAS
7915.33
79.84
1.02
CG
9059.21
66.6
0.74
CD
5608.6
39.39
0.71
POWER
1928.86
12.74
0.66
HC
6125
29.64
0.49
PSU
6926.83
20.15
0.29
AUTO
8393.52
22.57
0.27
FMCG
4032.3
-27.57
-0.68
TECk
3408.69
-41.86
-1.21
IT
5832.2
-84.27
-1.42
16 of the 30 Sensex stocks ended up as gainers. Hindalco Industries topped the gainers list with 5.69% returns. Sterlite Industries was also up by 4.85%. However, Jindal Steel lost 2.16% by the end of the day. IT stocks such as TCS, Infosys and Wipro were seen in the losers list. Mahindra & Mahindra, Bharti Airtel, Cipla and Tata Power were all down by over 1%.
HDIL, Adani Power, Adani Enterprises and Wockhardt clocked double-digit returns. The scrips of Aegis Logistics, Lok Housing and A2Z Maint & Engineering touched the upper circuit. Hindustan Copper and MMTC lost 5.71% and 3.07%.
In the corporate announcements, Suzlon Group has won a 24 MW order in Brazil, and the scrip closed with more than 4% intra-day returns. Shubh Jewellers has announced record retail sales during the Diwali and Christmas season and has also introduced 2000 new design as part of its collection for the forthcoming wedding season. The scrip, however, was flat during the day. Sangam (India) has bagged a Rs 63 cr toll project from NHAI. NMDC has signed a Rs 509 cr contract for By Product Plant (BPP) Package for the upcoming 3 MTPA Integrated Steel Plant at Nagarnar with Shriram EPC, and the scrip was up by 6.95%.
The market breadth, which indicates the overall health of the market, remained very flat today. Out of a total of 3266 stocks traded on the BSE, 2071 stocks advanced and 1074 stocks declined, while 121 stocks remained unchanged.
Advance-Decline Table
Index
Advances
Declines
Unchanged
BSE 30
16
14
0
BSE 100
64
35
1
BSE 200
130
69
1
BSE 500
327
169
4
Others
1534
787
115
With their flat performance today, the markets have indicated that volatility is very much persistent and the fundamental issues have not been addressed. Investors should rely on companies with good fundamentals.
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