See-Saw Trading Day Ends In Marginal Gains
Vidrum / 01 Aug 2012
The Indian markets witnessed see-saw trades today, moved up and down in the tight range through the sessions. The broader indices, however, managed to close with some gains.
The Indian markets witnessed see-saw trades today, moved up and down in the tight range through the sessions. The broader indices, however, managed to post some gains on the board by end of day, with the Sensex and Nifty higher by 0.02% and 0.11% respectively. The Healthcare, Capital Goods and Power indices closed higher, while Metals, Oil & Gas and IT finished in the negative territory.
The European markets are still trading higher, with the major indices witnessing gains ranging from 0.02%-0.6%. The markets are keenly awaiting the outcome of the US Federal Reserve's monetary meeting.
Dow Jones Futures is currently trading 40 points or 0.30% up at 12989, indicating positive sentiments in the US markets.
| Benchmark Indices | ||
|---|---|---|
| Index | Closing | % Change |
| SENSEX | 17239.06 | 0.02 |
| NIFTY | 5234.6 | 0.11 |
| Hang Seng | 19820 | 0.12 |
| Nikkei | 8642 | -0.61 |
| Shanghai | 2123 | 0.94 |
| Live | ||
| FTSE | 5669 | 0.6 |
| DAX | 6774 | 0.02 |
| CAC | 3300 | 0.25 |
Coal India too stayed the highest loser for the entire day, closing down by 2.73% at Rs 349.50. This was after media reports which suggested that the company has finally approved the FSA with a higher penalty clause. Scrips like Hero MotoCorp, ONGC, TCS and Tata Steel have closed lower by more than 1%. Further, Wipro, ICICI Bank, GAIL India, M&M, etc. closed with minimal losses.
OMDC's shares continued their upward trend. Today, the shares closed with 5.79% gains at Rs 48789.50 on media reports which suggest that the stock may see a split as well as bonus issue soon. Tulip Telecom plunged by 2.12% to touch Rs 99.45 despite the company’s announcement that it has bagged a Rs 87.23 crore orders for its new Bangalore Data Center from the Unique Identification Authority of India (UIDAI).
| Sectoral Indices | |||
|---|---|---|---|
| Category/Index | Close | Change(Pts) | Change (%) |
| Broad | |||
| MIDCAP | 6,068.53 | 56.25 | 0.94 |
| SMLCAP | 6,522.62 | 74.73 | 1.16 |
| BSE-100 | 5,238.48 | 9.32 | 0.18 |
| BSE-200 | 2,120.13 | 5.66 | 0.27 |
| BSE-500 | 6,627.56 | 21.86 | 0.33 |
| Sectors | |||
| HC | 7,228.78 | 87.14 | 1.22 |
| CG | 9,694.20 | 94 | 0.98 |
| POWER | 1,911.06 | 14.16 | 0.75 |
| REALTY | 1,648.16 | 10.52 | 0.64 |
| FMCG | 5,067.15 | 21.65 | 0.43 |
| BANKEX | 11,946.59 | 36.13 | 0.3 |
| CD | 6,314.56 | 17.71 | 0.28 |
| AUTO | 9,099.68 | -14.39 | -0.16 |
| PSU | 7,085.47 | -19.52 | -0.27 |
| TECk | 3,149.95 | -12.47 | -0.39 |
| IT | 5,322.55 | -22.47 | -0.42 |
| OIL&GAS | 8,102.67 | -55.51 | -0.68 |
| METAL | 10,403.12 | -74.49 | -0.71 |
| Advance-Decline Table | |||
|---|---|---|---|
| Index | Advances | Declines | Unchanged |
| BSE 30 | 13 | 16 | 1 |
| BSE 100 | 55 | 44 | 1 |
| BSE 200 | 129 | 69 | 2 |
| BSE 500 | 331 | 165 | 4 |
| Others | 1383 | 947 | 122 |
In conclusion, we expect the markets to remain volatile for tomorrow. Further, the quarterly numbers announcement of the major companies would keep the market on its toes.
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