26 Nov 2010 Closing Market Updates

26 Nov 2010 Closing Market Updates  15:30

Koreas’ tension, housing loan scam, insider trading news pull the market to two month’s low. Market was volatile today as Indian indices once again slipped into red after turning positive for a brief period in afternoon trade. A short relief rally seen in the market today as Banking stocks gained on bargain hunting after the correction in the preceding three trading sessions. But again Europen opened negative and Indian markets lost the gains and recovery.Stock prices of Money Matters, Central Bank and LIC Housing decline on reports that SEBI is examining the possibiltiy of insider trading in shares of these companies.
Nifty ended at 5750.20 with 49.55 points down and Sensex ended at 19125.60 with a fall of 192.56 points. Initially looking Nifty, has taken a support of 5720.
Among BSE Sectoral Indces, Bankex was the only gainer by just 0.02%. Realty lost the most by 4.32% followed by Consumer Durables(3.80%), Metal(2.55%), Power(2.18), Auto(2.11) and FMCG by 2.07% fall.
Sail was the top gainer in Nifty50 stocks which gained 3.50% and ended at 174.50. JP Associates was the top loser by 7.42% and ended at 106.00
Stocks from CNX Nifty like Bhel, JPAssociat, Jindalstel, NTPC, Rcom, Relinfra, Sesagoa, Suzlon hit a new 52 low today.
Advance Decline Ratio was poor in the ratio of 6.98 : 1 as 1228 stocks declined whereas 176 stcoks gained today on NSE.
State Bank Of India was the turnover topper by traded value and Unitech was the most traded stocks on NSE today.
Major Global Indices :
Hang Seng :
Nikkei : -177.43
FTSE : -40.20
CAC : -63.05
DAX : -75.18
Dow Futures : -63.00
Nasdaq Futures: -19.00