12 Nov 2010 Closing Market Updates

12 Nov 2010 Closing Market Updates  15:30

As a result of Global meltdown, our market tanket today for more than 2%.Hang Seng closed at 4 months low on speculation China is preparing to raise interest rates to curb inflation. Europen markets opened gap down followed by the mood of Asian markets and ultimately sell off in our market triggered.As stated in the morning blog, Nifty took support at 6155 level and rebounced back upto 6202 but when again it broke 6155 then it collapsed to make a low of 6056.75.
Nifty ended at 6058.5 with 135.75 points down and Sensex ended at 20121.46 with a fall of 467.63 points. Simultaneously, some other factors like fall in commodities on fears of rise in interest rates, default in payments by Dubai group and disappointing industrial production data made the markets nervous.
All BSE Sectoral Indices, ended into red. Realty Index plunged the most by 5.03% followed by Metal Index and Consumer Durables Index with 3.48% and 3.46% respectively.
In Nifty50 stocks, DrReddy was the top gainer by 0.62% and ended at 1747.10 whereas DLF was the top loser by 5.92% which ended at 325.95
SBI was the top traded stock by its traded value and Himachal Futuristic was the top traded stock by traded quantity on NSE today.
Advance/Decline Ratio was worst with 5.82:1 as 1194 stocks declined and 205 stocks gained today on NSE.

Major Global Indices :

Hang Seng : - 477.72
Nikkei : - 136.65
FTSE : - 51.67
CAC : - 73.36
DAX : - 48.09
Dow Futures : - 94.00
Nasdaq Futures : - 22.50