Indian Markets had a see-saw trading day, though it remained almost ranged bound throughout the day. Finally the broader market ended today session on a positive note.
Indian Markets had a see-saw trading day, though it remained almost ranged bound throughout the day. Finally the broader market ended today session on a positive note. Among the sectoral Bankex closed higher 1.31 per cent. Healthcare and Capital goods were among the other sectors which closed today’s session on a upper note. On the other hand Realty was the major Index loser down 2.69 per cent while Auto and FMCG were among the others which closed down 0.45 and 0.32 per cent respectively.
Benchmark Indices
Index
Closing
% Change
SENSEX
17643.39
0.34
NIFTY
5359.35
0.37
Hang Seng
21562.26
0.81
Nikkei
9777.03
0.72
Shanghai
2460.69
1.43
Live
FTSE
5923.82
-0.13
DAX
6936.3
-0.08
CAC
3504.72
0.14
Asian Markets closed today on a quite note with Nikkei and Shanghai down 0.16 and 0.10 per cent respectively. While Hang seng closed marginally in the green zone. European markets are trading in the mixed bag though trading very flat. With FTSE and CAC trading down marginally while DAX is trading 0.14 per cent in the green zone. This is on the back of Euro leaders which agreed to speed up payment to the permanent bailout fund.
The Dow Jones Futures is currently trading 17 points or 0.13 per cent down at 12956 indicating a negative sentiment in the US markets.
Sectoral Indices
Category/Index
Close
Change(Pts)
Change (%)
Broad
MIDCAP
6,340.67
-12.48
-0.2
SMLCAP
6,825.60
-8.25
-0.12
BSE-100
9,276.61
25.32
0.27
BSE-200
2,179.79
4.71
0.22
BSE-500
6,821.25
11.77
0.17
Sectors
BANKEX
11,986.05
155.18
1.31
HC
6,407.23
54.93
0.86
CG
10,300.15
42.19
0.41
TECk
3,611.19
10.84
0.3
METAL
11,975.59
25.44
0.21
IT
6,120.53
3.85
0.06
CD
6,521.33
-2.44
-0.04
POWER
2,264.34
-6.66
-0.29
OIL&GAS
8,603.56
-25.67
-0.3
FMCG
4,132.29
-13.39
-0.32
AUTO
9,860.83
-44.2
-0.45
PSU
7,650.17
-57.35
-0.74
REALTY
1,840.23
-50.94
-2.69
Back home, Sun Pharma was the biggest Index gainer closed 3.33 per cent higher to Rs 567.10. Metal pack was shining in today’s trading session. With stocks like Jindal steel and Tata Steel closed the session higher 2.55 and 1.37 per cent respectively. Banking stocks also holded the market with the likes of ICICI bank up 1.77 per cent while HDFC bank and SBI closed today’s session up almost a per cent. Other stocks like Sterlite Industries, HDFC, RIL closed the session higher marginally in the green zone. On the other hand DLF continued yesterday’s losses and was the leading Index loser down 5.03 per cent to Rs 203.85. Auto stocks like Bajaj Auto, Mahindra and Mahindra, Hero Motocorp etc closed the session in the negative territory. Other stocks like Infosys, TCS, Gail India, ITC closed the session marginally in the red zone.
ONGC closed the trade 2.22 per cent down to Rs 281.45, after the flop show of its FPO yesterday. Zee Entertainment closed 4.93 per cent higher to Rs 136.30, on the back of news that it has got lending rights in China.
Advance-Decline Table
Index
Advances
Declines
Unchanged
BSE 30
16
14
0
BSE 100
50
50
0
BSE 200
92
106
2
BSE 500
215
277
8
Others
1191
1209
116
The market breadth, indicating the overall health of the market, was negative. Out of 3346 stocks traded, 1656 declined while 1564 stocks advanced. A total of 126 stocks remained unchanged.
In conclusion, we expect the markets to remain volatile for the next week as Investors are very jittery to invest in such markets which fail to provide and concrete direction. On 5th March 2012, we have UP elections results which could move market either ways.