Markets wind up Jan 2012 with decent gains
Shrikant / 31 Jan 2012
The Indian markets, which opened on a positive note, ended their run positive today. The benchmark Sensex and Nifty indices ended with 1.96% and 2.2% gains respectively. Overall, Jan 2012 has ended on an optimistic and cheerful note, with the benchmark indices gaining over 10%. The recent move by the RBI to bring down the CRR by 0.5% has widely been seen as a positive for the economy. We expect further encouraging moves by the RBI in its next meet.
The European markets opened positive today, and have continued to remain in the green zone. The European leaders agreed on a new treaty that will stop overspending and ease the fiscal measures to end the debt crisis.
Earlier, the Asian markets also closed on a positive note.
| Benchmark Indices | ||
| Index | Closing | % Change |
| Sensex | 17,193.55 | 1.96% |
| Nifty | 5,199.25 | 2.20% |
| Hang Seng | 20,390.49 | 1.14% |
| Nikkei | 8,802.51 | 0.11% |
| Shanghai | 2,292.61 | 0.33% |
| Live | ||
| FTSE | 5,717.46 | 0.82% |
| CAC | 3,303.02 | 1.14% |
| DAX | 6,502.46 | 0.90% |
Back home, Bankex remained the top index gainer, surging by 3.84%. On the back of expectations of a rate cut, the Realty index surged by 3.51%. All the other indices were also up by over 1%. Capital Goods remained at the bottom, but ended the day in the positive territory.
| Sectoral Indices | |||
| Index | Close | Change(Pts) | Change (%) |
| Broad | |||
| MIDCAP | 5871.7 | 114.72 | 1.99 |
| SMLCAP | 6463.3 | 89.71 | 1.41 |
| BSE-100 | 8970.08 | 184.92 | 2.1 |
| BSE-200 | 2097.94 | 43.5 | 2.12 |
| BSE-500 | 6549.31 | 132.09 | 2.06 |
| Sectors | |||
| BANKEX | 11390.7 | 421.61 | 3.84 |
| REALTY | 1708.05 | 57.84 | 3.51 |
| AUTO | 9241.78 | 213.6 | 2.37 |
| METAL | 11498.86 | 252.48 | 2.24 |
| TECk | 3476.66 | 63.02 | 1.85 |
| OIL&GAS | 8500.28 | 144.7 | 1.73 |
| IT | 5777.71 | 88.68 | 1.56 |
| POWER | 2075.7 | 28.89 | 1.41 |
| HC | 6336.02 | 85.19 | 1.36 |
| PSU | 7356.68 | 82.17 | 1.13 |
| FMCG | 4074.37 | 41.14 | 1.02 |
| CD | 5906.39 | 58.89 | 1.01 |
| CG | 9864.72 | 79.95 | 0.82 |
25 of the 30 Sensex stocks made it to the positive by the end of the day. Hindalco Industries was the top gainer, surging by 6.65%. ICICI Bank’s positive quarterly results drove its share price up by 5.87%. Realty major, DLF, was also up by 5.29%. On the other hand,Coal India lost 2.99% on news of the reduced quantum of price hike in certain categories. Maruti Suzuki lost by a further 1.10%. Hindustan Unilever, ONGC and NTPC were also seen in the red.
Among the ‘A’ group stocks, Tata Global Beverages surged by 10% after the announcement of a deal with Starbucks. Havells India also featured in the gainers list, with intraday returns of 8.23%. Bata India and Aurobindo Pharma both surged by over 7%. However, Glenmark Pharma crashed by 5.24% after the announcement of its Dec 2011 quarter results. In the overall market, 3 stocks touched the upper circuit and 1 stock touched the lower circuit.
The market breadth, which indicates the overall health of the market, remained extremely positive. Out of a total of 3276 stocks traded on the BSE, 2096 advanced, 1072 declined and 108 remained unchanged.
| Advance-Decline Table | |||
| Index | Advances | Declines | Unchanged |
| BSE 30 | 25 | 5 | 0 |
| BSE 100 | 88 | 12 | 0 |
| BSE 200 | 179 | 21 | 0 |
| BSE 500 | 407 | 88 | 4 |
| Others | 1397 | 946 | 104 |
In conclusion, the markets have yielded over 10% returns in this month alone. Many stocks have moved northward. Even though the IIP numbers show that industrial production is down, we believe that with the interest rate reversal, there is hope that the numbers will go up in the coming quarters. Lately, it has also been seen that the rupee is appreciating against the US dollar. Investors may look to accumulate fundamentally good stocks as we recommend them in our magazine as well as on our website.
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