Markets end on positive note

Chandrakant / 25 Jan 2012

After having a choppy session in the late afternoon trade, the Indian markets closed on a positive note, with both the Sensex and Nifty up by 0.48% and 0.60% respectively.

After having a choppy session in the late afternoon trade, the Indian markets closed on a positive note, with both the Sensex and Nifty up by 0.48% and 0.60% respectively. The policy move by RBI has lifted sentiments among the investors, after which there was buying across the indices. The positive opening of the European market also helped the markets to trade firm.

The Nikkei closed the day on a positive note ahead of the deal between Greece and private holders. The Greek government initiated talks over the voluntary restructuring of debt to reduce the country's debt load and interest payments.

The European markets turned into the negative territory on concerns over the Euro debt crisis.

Dow Jones Futures is currently trading 33 points or 0.26% down at 12597, indicating a negative sentiment in the US markets.

Benchmark Indices
Index Closing % Change
Sensex 17077.18 0.48
Nifty 5158.3 0.60
Hang Seng (Closed) 20110.37 0.00
Nikkei (Closed) 8883.69 1.11
Shanghai 2319.12 0.00
Live
FTSE 5711.7 -0.70
DAX 6382.11 -0.58
CAC 3295.36 -0.83

All the BSE sectoral indices barring Consumer Goods closed on a positive note, with gains between 0.01%-1.79%. Metals, PSU and Teck are leading with gains of 1.79%, 1.24% and 1.20% respectively. Consumer Goods closed lower by 0.33%.

Sectoral Indices
Category/Index Close Change(Pts) Change (%)
Broad
MIDCAP 5,834.04 72.13 1.25
SMLCAP 6,408.45 70.44 1.11
BSE-100 8,903.40 62.39 0.71
BSE-200 2,081.18 16.28 0.79
BSE-500 6,497.43 52.87 0.82
Sectors      
METAL 11,362.11 199.46 1.79
PSU 7,379.26 90.57 1.24
TECk 3,395.20 40.29 1.2
AUTO 9,101.61 103.57 1.15
CD 5,851.82 64.85 1.12
IT 5,628.30 58.92 1.06
POWER 2,127.28 14.67 0.69
HC 6,233.01 38.27 0.62
FMCG 4,097.07 23.53 0.58
OIL&GAS 8,317.66 46.89 0.57
BANKEX 11,323.72 37.29 0.33
REALTY 1,741.62 0.21 0.01
CG 10,175.02 -33.68 -0.33

Barring a few companies, all the Sensex shares are trading positively. Bharti Airtel, Coal India, HDFC, Maruti Suzuki, Sterlite Industries, Tata Motors, Tata Steel and TCS are among the major gainers with gains between 1%-3.90%. Among the losers, Hero MotoCorp, Hindalco Industries, Jindal Steel, L&T, Tata Oower and Cipla were trading down by 0.5%-2%.

The market breadth, which indicates the overall health of the market, was positive. Out of 3271 stocks traded on the BSE, 1642 advanced, 1455 declined and 174 remained unchanged.

Advance-Decline Table
Index Advances Declines Unchanged
BSE 30 18 12 0
BSE 200 137 60 3
BSE 100 63 37 0
BSE 500 353 135 12
Others 1455 905 114

In conclusion, we expect the markets to remain volatile as investors are very jittery over the Euro zone, which is failing to provide any concrete direction. We advise our readers to stay cautious.

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