Trades End Marginally In Red

DSIJ Intelligence / 20 Dec 2012

The Indian markets recovered from their early lows, closing the day marginally in the red. The Sensex and Nifty closed lower by 0.11% and 0.22% respectively.

The Indian markets recovered from their early lows, closing the day marginally in the red. The Sensex and Nifty closed lower by 0.11% and 0.22% respectively.

All eyes are still trained towards the results of the Gujarat elections. The counting is still on, and as per the current tally, the BJP has emerged victorious, winning 112 seats and leading in 4 more constituencies (the required majority is 92 seats). The leading opposition Congress has won 54 seats and is leading in 6 constituencies.

It seems that Congress has won the Himachal Pradesh elections. Intital consensus suggest that the Congress has won 36 out of the total 68 seats, while the ruling BJP has managed to get only 24. Others have won four seats. The outcome of two seats in which BJP is leading will be announced soon.

Benchmark Indices
IndexRate% Change
FTSE 5964 0.04
DAX 7658 -0.13
CAC 3660 -0.11
Hang Seng 22659 0.16
Nikkei 10039 -1.21
Shanghai 2168 0.28
SENSEX 19453 -0.11
NIFTY 5916 -0.22
The Japanese Index Nikkei has closed lower down 1.21% while Shanghai Composite and Hang Seng closed higher 0.28% and 0.16% respectively. According to media reports, China’s stocks rose, sending the benchmark index to the highest level in four months, as brokerages rallied on speculation financial industry reforms and economic growth will boost profit. Bloomberg reports stated that the Japanese yen rose the most in six weeks against the dollar as the Bank of Japan maintained its inflation goal at 1% after the newly elected Prime Minister Shinzo Abe called for a doubling of the target.

In Europe, the FTSE is trading higher in the positives, while DAX and CAC are marginally down by 0.13% and 0.11% respectively.

Dow Jones Futures is currently trading 82.50 points or 0.62% down at 13270, indicating a negative sentiment in the US markets.

Category/Index
Category/IndexCloseChange(Pts)Change (%)
Broad
MIDCAP 7101.79 -14.77 -0.21
SMLCAP 7434.86 -28.65 -0.38
BSE-100 5983.93 -12.42 -0.21
BSE-200 2426.63 -4.54 -0.19
BSE-500 7590.11 -14.51 -0.19
Sectors


BSE AUTO 11241.04 131.72 1.19
BSE HEALTHCARE 3405.37 11.63 0.34
BSE METAL 5637.9 14.71 0.26
BSE IT 5949.4 7.76 0.13
BSE OIL & GAS 8198.73 0.11 0
BSE TECk 7276.75 -12.34 -0.17
BSE PSU Index 14343.78 -31.01 -0.22
BSE Realty Index 8469.24 -23.64 -0.28
BSE POWER 2123.08 -10.05 -0.47
BSE BANKEX 1981.27 -11.25 -0.56
BSE CONSUMER DURABLES 10916.42 -79.64 -0.72
BSE FMCG 11406.99 -87.89 -0.76
BSE CAPITAL GOODS 7723.79 -75.92 -0.97
Back home, among the sectoral indices, Capital Goods, Consumer Durables and FMCG were among the worst performing indices, having lost between 0.7%-1%. On the other hand, Auto, Healthcare and Metals closed higher in the range of 0.2%-1.2%. The Oil & Gas index remained unchanged for the day.

In individual stocks, Sun Pharma lost the most heavily, down 1.99% at Rs 746.45 per share. Other stocks like Wipro, L&T, ITC, Bajaj Auto closed lower in the negative territory. ICICI Bank, Coal India and RIL were among the indices which closed marginally in the red zone.

On the other hand, Metals stocks continue to shine. Hindalco Industries, Jindal Steel and Tata Steel are among the leading index stocks, all up in the range of 1.9%-2.6%. Others like HUL, Cipla and TCS also gained over 1%. Stocks like HDFC, Maruti Suzuki, GAIL India and Infosys closed higher with marginal gains.

The market breadth was negative for the day. Out of the total of 3026 stocks traded on the BSE, 1584 declined, 1306 advanced and 136 remained unchanged.

We expect the markets to remain volatile for tomorrow and would advise investors to play with caution.

Advance Advances as % of TotalDeclineDeclines as % of TotalUnchangedUnchanged as % of TotalTotal
1306 43.16 1584 52.35 136 4.49 3026

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.