Markets regain some losses, end marginally negative
Chandrakant / 07 Mar 2012
After extending their losses earlier, the Indian markets regained some of the losses in the late afternoon trade and ended on a marginally negative note.
After extending their losses earlier, the Indian markets regained some of the losses in the late afternoon trade and ended on a marginally negative note. Weak global cues kept the investors' nerves tense for the day, but the European markets gaining some momentum lifted the sentiment. The Sensex and Nifty closed down by 0.16% and 0.04% respectively, with Nifty holding the important 5200 level mark.
Other Asian markets have continued their negative closing over the past two days, as investors are seen concerned over global growth with China reducing its growth target to 7.5% for the year 2012.
After having a flat negative opening, the European markets regained some positive momentum later.
Dow Jones Futures is currently trading 56 points or 0.44% up at 12800, indicating a positive sentiment in the US markets.
| Benchmark Indices | ||
|---|---|---|
| Index | Closing | % Change |
| SENSEX | 17145.52 | -0.16 |
| NIFTY | 5220.45 | -0.04 |
| Hang Seng | 20627.78 | -0.87 |
| Nikkei | 9576.06 | -0.64 |
| Shanghai | 2394.79 | -0.65 |
| Live | ||
| FTSE | 5782.6 | 0.29 |
| DAX | 6664.84 | 0.48 |
| CAC | 3390.42 | 0.83 |
Among the sectoral indices, Realty, IT and Bankex closed with leading gains of 0.90%, 0.78% and 0.69% respectively. Metals, Oil & Gas and PSU are leading the losers pack, closing down by 1.51% , 1.51% and 0.95% respectively. Other indices have closed down between 0.45% to -0.67%.
| Sectoral Indices | |||
|---|---|---|---|
| Category/Index | Close | Change(Pts) | Change (%) |
| Broad | |||
| MIDCAP | 6,196.55 | -4.92 | -0.08 |
| SMLCAP | 6,659.37 | -40.82 | -0.61 |
| BSE-100 | 9,035.92 | -13.80 | -0.15 |
| BSE-200 | 2,123.76 | -2.88 | -0.14 |
| BSE-500 | 6,651.12 | -10.27 | -0.15 |
| Sectors | |||
| REALTY | 1,777.69 | 15.88 | 0.90 |
| IT | 6,130.41 | 47.5 | 0.78 |
| BANKEX | 11,659.56 | 79.79 | 0.69 |
| HC | 6,356.37 | 25.4 | 0.40 |
| TECk | 3,580.89 | 11.56 | 0.32 |
| AUTO | 9,801.93 | 21.11 | 0.22 |
| CD | 6,444.47 | 2.81 | 0.04 |
| FMCG | 4,169.35 | -1.35 | -0.03 |
| CG | 9,820.84 | -30.44 | -0.31 |
| POWER | 2,178.16 | -11.43 | -0.52 |
| PSU | 7,430.94 | -71.19 | -0.95 |
| OIL&GAS | 8,210.31 | -125.51 | -1.51 |
| METAL | 10,984.66 | -168.9 | -1.51 |
Of the 30 Sensex shares, Bajaj Auto, DLF, Wipro and HDFC Bank have ended the day with leading gains of 1.13%, 1.09%, 1.79 and 1.52% respectively. In the losers pack, Bharti Airtel, BHEL, Coal India, Jindal Steel, M&M, Maruti Suzuki and SBI all closed down between 1.85%-3.95%.
The market breadth, which indicates the overall health of the market, was negative. Out of the 3286 stocks traded, 1862 declined, 1296 advanced and 128 remained unchanged.
| Advance-Decline Table | |||
|---|---|---|---|
| Index | Advances | Declines | Unchanged |
| BSE 30 | 13 | 17 | 0 |
| BSE 200 | 93 | 105 | 2 |
| BSE 100 | 48 | 51 | 1 |
| BSE 500 | 199 | 295 | 6 |
| Others | 943 | 1394 | 119 |
In conclusion, we expect the markets to remain volatile as there are various upcoming events that will decide the markets' direction. Therefore, we ask investors to stay cautious.
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