Markets Ends Higher, Infy Up 3%

DSIJ Intelligence / 01 Oct 2012

Indian markets traded in a very narrow range in the first half of the day, however moved higher latter, closing the day comfortably in the positive territory. Both the broader Indices closed higher in the green with Sensex up 0.33 per cent and Nifty closed higher 0.27 per cent.
Indian markets traded in a very narrow range in the first half of the day, however moved higher latter, closing the day comfortably in the positive territory. Both the broader Indices closed higher in the green with Sensex up 0.33 per cent and Nifty closed higher 0.27 per cent. Among the sectoral Indices most of the sectors closed in the green except Bankex and Oil and Gas which closed down 0.16 and 0.26 per cent respectively. Indices like IT and Teck closed higher 1.88 and 1.51 per cent respectively. Other Indices, which closed in the green where Capital goods, Auto, Power etc.

Benchmark Indices
IndexClosing% Change
SENSEX 18823.91 0.33
NIFTY 5718.8 0.27
Hang Seng 20840 0.00
Nikkei 8796.51 -0.84
Shanghai 2086.17 0.00
Live
FTSE 5801.19 1.02
DAX 7303.1 1.19
CAC 3402.48 1.40

Further according to business standard, India’s merchandise exports in August fell for the fourth month in a row, as it was lower nearly 10 per cent to USD 22.33 billion on YoY basis. While Imports continued to contract for fourth consecutive month in August to USD 37.95 billion from USD 39.98 a year ago, showing drop of about 5 per cent. The trade deficit for the April-August period stood at USD 71.17 billion, against USD 76.20 billion in the year-ago period.

Hang Seng and Shanghai market were closed today on account of public holiday. While the Nikkei market closed lower 0.84 per cent closing just below 8800 mark after the Bloomberg report which stated that a survey showed declining sentiment among the nation’s biggest manufacturers and as China’s factory output contracted amid a global economic slowdown that sapped export demand.

European markets have extended their morning gains as the major Indices namely CAC, DAX and FTSE trading higher in the range of 1 to 1.4 per cent respectively. Markets moved higher despite the Bloomberg news which said that unemployment rate in the euro area reached the highest on record as the festering debt crisis pushed the economy toward a recession, prompting companies to cut jobs.

Dow Jones Futures is currently trading higher 66 points or 0.49 per cent at 13421, indicating a positive sentiment in the US markets.
Sectoral Indices
Category/IndexCloseChange(Pts)Change (%)
Broad
MIDCAP 6,665.85 58.56 0.89
SMLCAP 7,117.36 99.47 1.42
BSE-100 5,723.48 22.09 0.39
BSE-200 2,317.60 10.02 0.43
BSE-500 7,241.46 34.95 0.48
Sectors      
IT 6,034.22 111.58 1.88
TECk 3,468.55 51.44 1.51
CG 11,030.65 73.12 0.67
AUTO 10,480.96 67.77 0.65
POWER 2,060.23 11.4 0.56
HC 7,561.31 32.9 0.44
FMCG 5,531.26 23.9 0.43
METAL 10,560.14 31.91 0.3
CD 6,959.34 19.5 0.28
PSU 7,434.93 19.12 0.26
REALTY 1,849.80 2.8 0.15
BANKEX 13,117.29 -21.42 -0.16
OIL&GAS 8,639.49 -22.13 -0.26

Back home, IT bellwether help the market to breathe, Infosys closed higher 2.96 per cent to Rs 2609.1 per share helping the market to close higher in the positive territory. Other IT names like TCS and Wipro also closed higher 0.66 and 0.58 per cent respectively. Other stocks like Tata Motors, Jindal Steel, BHEL, SBI, NTPC etc also closed higher in the range of 1 to 2 per cent. Other stocks like Hero Motocorp, Bharti Airtel, Gail India etc also closed higher in the green zone.

On the other hand, Bajaj Auto was the leading Index loser trading lower 1.11 per cent to 1812.25 per share. Private banking majors, HDFC bank and ICICI bank also closed lower 0.87 and 0.63 per cent respectively. Other stocks like Sun Pharma, Cipla, M&M, RIL etc are also some of the stocks which closed marginally lower in the negative territory.

AdvanceAdvances as % of TotalDeclineDeclines as % of TotalUnchangedUnchanged as % of TotalTotal
1805 59.43 1104 36.35 128 4.21 3037

The market breadth, which indicates the overall health of the market, was on the positive side. Out of the 3037 stocks traded on the BSE, 1805 advanced, 1104 declined, and 128 remained unchanged.

In conclusion we expect the markets to remain volatile with a negative bias. One should note that tomorrow our markets are closed on account of Gandhi Jayanti. We would advise our readers to play with cautions.

If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.