Markets close in positive, await RIL results
Shrikant / 20 Jan 2012
The Indian markets closed in the positive territory today. Overall, the markets gained about 4% this week.
The Indian markets remained for positive for the entire day today. The indices were largely pulled up by the index heavyweights, Bajaj Auto and Wipro, which announced their quarterly results. ICICI Bank was also seen taking the index upwards. Overall, the markets have gained by over 4% in this week, citing some positives for investors.
Earlier, the Asian stock exchanges also ended the week in the positive. Hang Seng ended with 0.84% gains, while Nikkei and Shanghai closed with over 1% gains.
The European markets, which opened in the positive, have slipped to negative territory now.
Dow Jones Futures is currently trading 10 points or 0.08% down at 12577, indicating a marginally negative sentiment in the US markets.
Benchmark Indices
Index
Closing
% Change
Sensex
16,731.69
0.53%
Nifty
5,048.60
0.60%
Hang Seng
20,110.37
0.84%
Nikkei
8,766.36
1.47%
Shanghai
2,319.12
1.00%
Live
FTSE
5,729.71
-0.20%
CAC
3,309.57
-0.58%
DAX
6,377.96
-0.60%
Back home, Bankex surged by 3.68%. The CD and Power indices rose by 2.11% and 1.2% respectively. Oil & Gas also gained by 1.03% today. FMCG was the major loser, closing with 2.35% intraday losses. IT, HC, Teck and Metals were also marginally down.
Sectoral Indices
Index
Close
Change(Pts)
Change (%)
Broad
MIDCAP
5681.37
11.38
0.2
SMLCAP
6278.46
6.23
0.1
BSE-100
8697.27
55.76
0.65
BSE-200
2031.15
11.59
0.57
BSE-500
6343.53
32.19
0.51
Sectors
BANKEX
10930.08
387.94
3.68
CD
5790.19
119.91
2.11
POWER
2080.95
24.69
1.2
OIL&GAS
8324.4
84.83
1.03
AUTO
8836.92
80.81
0.92
CG
9823.74
81.7
0.84
REALTY
1709.13
13.24
0.78
PSU
7225.85
45.22
0.63
IT
5487.9
-8
-0.15
HC
6179.01
-12.31
-0.2
TECk
3287.28
-8.41
-0.26
METAL
11191.1
-42.87
-0.38
FMCG
4021.23
-96.76
-2.35
16 of the 30 Sensex stocks advanced into positives. Bajaj Auto surged by 6.54%, led by better-than-expected quarterly results. ICICI Bank was also in the limelight today, gained 6.35%. Jindal Steel closed with 3.63% gains. IT major Wipro, which also announced its results, was up by 2.33% by the close of day. Despite putting in good numbers, ITC closed with 3.59% losses. Mahindra & Mahindra and Maruti Suzuki were also down.
Among the ‘A’ group stocks, Indiabulls Real Estate surged by 9.22%. Suzlon Energy, which has won some large ticket orders recently, was also up by over 8%. Adani Enterprises lost nearly 8%, while Sun TV lost by 5.79%.
JSW Steel also announced its results, and its net profits were down by 56%. The stock closed with negative 2.89% returns.
The market breadth, which indicates the overall health of the market, remained very mixed. Out of a total of 3285 stocks traded on the BSE, 1510 stocks advanced, 1621 stocks declined, while 154 stocks remained unchanged.
Advance-Decline Table
Index
Advances
Declines
Unchanged
BSE 30
16
13
1
BSE 100
49
47
4
BSE 200
96
98
6
BSE 500
215
270
15
Others
1134
1193
128
Overall, the markets have closed this week with net gains of about 4%. The power stocks remained in the news due the meeting of the power company chiefs with the PM. IT stocks showed good trades due to the results of the top IT companies. RIL is expected to announce its results later today, which will set the tone for the markets' direction in the next week.
With the earnings season in full swing, investors must take note of the management interviews that will guide them for the growth of the companies and the overall business environment in the country.
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