Markets end the day up, all sectors in gains
Chandrakant / 24 Jan 2012
After witnessing strong trades throughout the day, the Indian markets closed on a positive note, with the Sensex and Nifty up by 1.46% and 1.61% respectively. The RBI’s CRR rate cut kept the markets firm for most of the day, though it lost some of its gains in the second half of the day due to the negative opening of the European markets.
In the Asian markets, Nikkei closed on a flat positive note on concerns over the Euro debt crisis. Negative opening of the European market hit investor sentiment.
The European markets continued to remain in the negative territory. Worries over a messy Greek default increased after the debt talks with creditors stumbled again. Investors' sentiment were dashed after the Euro zone Finance Ministry rejected the private creditors' demands.
Dow Jones Futures is currently trading 13 points or 0.10% down at 12637, indicating a negaitive sentiment in the US markets.
| Benchmark Indices | ||
| Index | Closing | % Change |
| Sensex | 16995.75 | 1.46 |
| Nifty | 5127.35 | 1.61 |
| Hang Seng (Closed) | 20110.37 | 0.00 |
| Nikkei (Closed) | 8639.68 | 1.03 |
| Shanghai | 2319.12 | 0.00 |
| Live | ||
| FTSE | 5743.99 | -0.67 |
| DAX | 6371.98 | -1.01 |
| CAC | 3313.87 | -0.74 |
All the BSE sectoral indices closed the day on a positive note, with gains between 0.04%-3.12%. Capital Goods, Bankex and Metals led with gains of 3.30%, 3.21% and 1.78% respectively.
| Sectoral Indices | |||
| Category/Index | Close | Change(Pts) | Change (%) |
| Broad | |||
| MIDCAP | 5,761.91 | 78.71 | 1.38 |
| SMLCAP | 6,338.01 | 44.00 | 0.70 |
| BSE-100 | 8,841.01 | 140.85 | 1.62 |
| BSE-200 | 2,064.90 | 32.89 | 1.62 |
| BSE-500 | 6,444.56 | 98.50 | 1.55 |
| Sectors | |||
| CG | 10,208.70 | 326.57 | 3.3 |
| BANKEX | 11,286.43 | 351.31 | 3.21 |
| METAL | 11,162.65 | 195.75 | 1.78 |
| AUTO | 8,998.04 | 135.94 | 1.53 |
| REALTY | 1,741.41 | 19.65 | 1.14 |
| TECk | 3,354.91 | 35.27 | 1.06 |
| OIL&GAS | 8,270.77 | 84.3 | 1.03 |
| PSU | 7,288.69 | 72.69 | 1.01 |
| POWER | 2,112.61 | 19.71 | 0.94 |
| IT | 5,569.38 | 48.56 | 0.88 |
| HC | 6,194.74 | 32.39 | 0.53 |
| CD | 5,786.97 | 16.49 | 0.29 |
| FMCG | 4,073.54 | 5.08 | 0.12 |
Barring a few companies, all the Sensex shares too ended in the green. Hindalco Industries, ICICI Bank, Jindal Steel, L&T, SBI and Sterlite Industries were among the major gainers, leading with gains between 2%-5% each. Among the losers, Coal India, GAIL, DLF, HUL, NTPC and Sun Pharma were all trading down by 0.5%-1.5%.
The market breadth, which indicates the overall health of the market, was positive. Out of the 3271 stocks traded on the BSE, 1642 advanced, 1455 declined and 174 remained unchanged.
| Advance-Decline Table | |||
| Index | Advances | Declines | Unchanged |
| BSE 30 | 15 | 15 | 0 |
| BSE 200 | 100 | 96 | 4 |
| BSE 100 | 48 | 51 | 1 |
| BSE 500 | 257 | 227 | 16 |
| Others | 1222 | 1066 | 153 |
In conclusion, we expect the markets to remain volatile. Investors are jittery about the Euro zone, which is failing to provide any concrete direction. We advise our readers to exercise caution.
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