Markets end a gainful day in the green
Vidrum / 17 Jan 2012
The Indian markets had a good day today, and kept extending their gains. Both the bourses closed almost at their day's peak, up by almost 2%. All the indices closed the session in the green, with Capital Goods, Metals and Realty moving northwards by more than 3.5%.
Other Asian markets too gained heavily on the back of speculations that the Chinese govt will ease the monetary policy to further increase the GDP growth of the country. The Chinese markets closed the day up almost 4%, while Hang Seng closed up by almost 3%.
The European stocks are also moving northwards on the back of the Asian markets which rallied today. FTSE, CAC and DAX are all trading higher by over 1%.
| Benchmark Indices | ||
| Index | Closing | % Change |
| Sensex | 16466.05 | 1.71 |
| Nifty | 4967.3 | 1.92 |
| Hang Seng | 19627.75 | 3.24 |
| Nikkei | 8466.4 | 1.05 |
| Shanghai | 2298.38 | 4.18 |
| Live | ||
| FTSE | 5719.33 | 1.09 |
| DAX | 6313.84 | 1.51 |
| CAC | 3285.7 | 1.88 |
Dow Jones Futures is currently trading 118 points or 0.95% up at 12508, indicating a positive sentiment in the US markets.
| Sectoral Indices | |||
| Category/Index | Close | Change(Pts) | Change (%) |
| Broad | |||
| MIDCAP | 5,655.32 | 74.67 | 1.34 |
| SMLCAP | 6,258.45 | 66.42 | 1.07 |
| BSE-100 | 8,551.40 | 150.98 | 1.8 |
| BSE-200 | 2,001.61 | 33.65 | 1.71 |
| BSE-500 | 6,258.40 | 102.62 | 1.67 |
| Sectors | |||
| CG | 9,843.66 | 354.33 | 3.73 |
| METAL | 11,171.21 | 394.5 | 3.66 |
| REALTY | 1,627.97 | 54.39 | 3.46 |
| OIL&GAS | 7,902.77 | 214.48 | 2.79 |
| AUTO | 8,755.47 | 223.83 | 2.62 |
| PSU | 7,168.01 | 125.3 | 1.78 |
| POWER | 2,032.82 | 33.39 | 1.67 |
| BANKEX | 10,395.82 | 126.5 | 1.23 |
| TECk | 3,364.77 | 32.53 | 0.98 |
| IT | 5,635.17 | 54.18 | 0.97 |
| FMCG | 4,127.78 | 28.08 | 0.68 |
| HC | 6,128.28 | 38.93 | 0.64 |
| CD | 5,649.97 | 35.62 | 0.63 |
Back home, Maruti Suzuki was the leading index gainer, up 10.49% to Rs 1110 after the company raised the prices of its products in the range of 0.30%-3.4%. Metals heavyweights, Hindalco and Tata Steel, are up 5.55% and 5% respectively. Capital Goods major, L&T, also closed the session 4.85% higher at Rs 1261. Stocks like Mahindra & Mahindra, DLF, Sun Pharma, HUL, NTPC, RIL etc. closed the day up in the range of 2%-3%. Others like Infosys and SBI closed marginally in the green zone.
On the other hand, ITC, which remained in the red for most part of the day, closed down 0.38% at Rs 208.30. Some other stocks like ICICI Bank, GAIL India, Tata Power, etc. closed the session marginally in the red zone.
HCL Tech closed 4.61% higher at Rs 424.75 after the company posted robust Q2 FY12 (book closure June) numbers. The net profits of the company grew by 43% to Rs 573 cr on a YoY basis. Its rival, TCS, closed marginally in the red, down by 0.28% to Rs 1104.30, with the company slated to post its result after market hours. Chambal Fertilisers crashed 3.98% to Rs 78.50, as the company reported a loss of Rs 1.24 cr in Q3 FY12 against a profit of Rs 107.42 cr in the previous year.
| Advance-Decline Table | |||
| Index | Advances | Declines | Unchanged |
| BSE 30 | 24 | 6 | 0 |
| BSE 100 | 81 | 19 | 0 |
| BSE 200 | 154 | 43 | 3 |
| BSE 500 | 380 | 116 | 4 |
| Others | 1527 | 859 | 99 |
The market breadth, which indicates the overall health of the market, was positive. Out of the 3315 stocks traded on the BSE, 2166 advanced, 1043 declined and 106 remained unchanged.
For tomorrow, investors should watch out for stocks like Jindal Steel, Tata Coffee, MindTree, Bajaj Finserv etc., as the companies are scheduled to declare their Q3 FY12 numbers.
In conclusion, we expect the markets to remain volatile. Investors are jittery about investing in markets that fail to provide any concrete direction.
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