Markets end the day in green
Shrikant / 13 Jan 2012
Indian markets ended in the positive territory today, rebounding sharply with gains of over 100 points. The Sensex finished up by 117 points, while Nifty was also up by 34 points.
Indian markets, which remained volatile for 2/3rd of the day, ended their run in the positive territory. In the terminal session, the markets bounced back sharply with gains of over 100 points. By the end of the day, the BSE Sensex was up by 117 points, while Nifty was also up by 34 points.
Earlier, the Asian stock exchanges ended with mixed trades. The Hang Seng and Shanghai closed with 0.57% and 1.36% returns respectively. Shanghai closed 1.34% down.
The European markets saw a positive opening. This also triggered the jump in the Indian equity markets.
Dow Jones Futures is currently trading 6 points or 0.05% down at 12407, indicating a negative sentiment in the US markets.
| Benchmark Indices | ||
| Index | Closing | % Change |
| Sensex | 16,154.62 | 0.73% |
| Nifty | 4,866.00 | 0.72% |
| Hang Seng | 19,204.42 | 0.57% |
| Nikkei | 8,500.02 | 1.36% |
| Shanghai | 2,244.58 | -1.34% |
| Live | ||
| FTSE | 5,692.56 | 0.53% |
| CAC | 3,243.85 | 1.37% |
| DAX | 6,235.93 | 0.92% |
Back home, the Metals index surged with 3.21% gains. The Power and CG indices rose by over 2%, as the IIP data came out with some very encouraging numbers yesterday. The Teck index reduced some of its intra-day losses, and closed with 0.67% gains. IT, which remained an underperformer for the last 2 days, managed to trim its morning losses, though not enough to cover the fall. The Realty and PSU indices also closed with over 1% gains.
| Sectoral Indices | |||
| Index | Close | Change(Pts) | Change (%) |
| Broad | |||
| MIDCAP | 5582.34 | 62.75 | 1.14 |
| SMLCAP | 6171.75 | 87.48 | 1.44 |
| BSE-100 | 8384.37 | 63.05 | 0.76 |
| BSE-200 | 1964.91 | 14.97 | 0.77 |
| BSE-500 | 6146.5 | 49.34 | 0.81 |
| Sectors | |||
| METAL | 10756.45 | 334.32 | 3.21 |
| CG | 9297 | 258.13 | 2.86 |
| POWER | 2000.99 |
46.76 |
2.39 |
| REALTY | 1581.78 | 32.89 | 2.12 |
| PSU | 7082.83 | 107.79 | 1.55 |
| TECk | 3280.2 | 21.79 | 0.67 |
| FMCG | 4071.65 | 22.35 | 0.55 |
| BANKEX | 10300.49 | 50.92 | 0.5 |
| HC | 6127.56 | 1.8 | 0.03 |
| AUTO | 8465.96 | 2.16 | 0.03 |
| IT | 5482.36 | -1.95 | -0.04 |
| OIL&GAS | 7821.77 | -29.84 | -0.38 |
| CD | 5606.48 | -22.7 | -0.4 |
19 of the 30 Sensex stocks advanced into the positives. Tata Steel was the major gainer, with 7.11% returns. Coal India, L&T, NTPC, Jindal Steel, DLF, Bharti Airtel and Wipro all soared by over 2%. IT major Wipro also closed in the green. Likewise, Tata Power and BHEL were up by more than 1% each.
Meanwhile, global financial services firm, Morgan Stanley, has downgraded RIL to ‘Underweight’ on a note that its volumes as well as its gross refining margins will fall. The impact of this was seen on the stock, which was down by 0.75%.
Among the ‘A’ group stocks, JSW Ispat and JP Power gained over 10% over the respite provided by the IIP data. Other major power stocks such as Reliance Power, Suzlon Energy, Lanco Infra, GMR Infra and Reliance Infra also closed in the gainers list.
| Advance-Decline Table | |||
| Index | Advances | Declines | Unchanged |
| BSE 30 | 19 | 11 | 0 |
| BSE 100 | 71 | 28 | 1 |
| BSE 200 | 150 | 49 | 1 |
| BSE 500 | 364 | 135 | 1 |
| Others | 1530 | 767 | 99 |
The market breadth, which indicates the overall health of the market, remained mixed in the morning. By afternoon, it changed to positive. Of the total 3226 stocks traded on the BSE, 2134 advanced, 990 declined and 102 remained unchanged.
The week that started on a subdued note, has closed with some gains for investors as well as positive news on the industrial production numbers. The next 2 weeks will be very crucial, as the RBI will declare its stance on the monetary policy. Markets are expecting a rate cut, and in our opinion, they have already started discounting the same. Investors should also watch the companies' management commentary during the quarterly results announcements.
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