Friday, December 24, 2010

24th Dec Closing Market Updates

24th Dec Closing Market Updates
Nifty closed 34.40 points up at 6014.40
Sensex closed 95.39 points up at 20078.27
The Sensex continues to trade in the green zone. Midcap and smallcap index are also edging higher. Consumer durables, metal and FMCG stocks witnessed buying interest, while auto, PSU and oil & gas saw marginal profit booking.
The 30-share benchmark index, BSE Sensex opened with a decline of 71.42 points or 0.36% at 19,911.46, while the broad based NSE Nifty started with a fall of 39.75 points or 0.66%, at 5,940.25.
Sensex Movers
I T C contributed rise of 20.98 points in the Sensex. It was followed by Larsen & Toubro (11.07 points), H D F C Bank (9.52 points), Sterlite Industries (India) (7.22 points) and Hindalco Industries (7 points).
However, Tata Motors contributed fall of 17.35 points in the Sensex. It was followed by I C I C I Bank (14.71 points), Bharat Heavy Electricals (6.6 points), Grasim Industries (5.37 points) and Oil & Natural Gas Corporation (4.85 points).
Major gainers in the 30-share index were Sterlite Industries (India) (1.97%), Hindalco Industries (1.84%), I T C (1.83%), Reliance Energy (1.35%), Tata Steel (1.16%), and NTPC (1.00%).

On the other hand, Tata Motors (2.99%), Bharat Heavy Electricals (1.32%), I C I C I Bank (0.92%), Maruti Suzuki India (0.76%), Oil & Natural Gas Corporation (0.67%), and Housing Development Finance Corporation (0.32%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The Midcap and Smallcap index rose 0.11% and 0.27% respectively.
Sectors in Limelight
The Consumer Durables index was at 6,120.67, up by 122.30 points or by 2.04%. The major gainers were Titan Industries (4.43%), Videocon Industries (1.61%), Whirlpool Of India (1.08%), Gitanjali Gems (0.3%) and Blue Star (0.1%).
The FMCG index was at 3,581.80, up by 43.58 points or by 1.23%. The major gainers were Godrej Consumer Products (2.7%), United Breweries (1.86%), I T C (1.83%), Hindustan Unilever (0.84%) and United Spirits (0.64%).
The Metal index was at 17,219.87, up by 178.95 points or by 1.05%. The major gainers were Hindalco Industries (1.84%), National Aluminium Company (1.61%), JSW Steel (0.65%), Bhushan Steel (0.5%) and Jindal Steel & Power (0.09%).
On the other hand, the Auto index was at 9,986.21, down by 83.15 points or by 0.83%. The major losers were Tata Motors (2.99%), Ashok Leyland (2.58%), Exide Industries (1.12%), Maruti Suzuki India (0.76%) and Bajaj Auto (0.24%).
Market Breadth
Market breadth was positive with 1,509 advances against 1,309 declines.
Value and Volume Toppers
A2Z Maintenance & Engineering Services topped the value chart on the BSE with a turnover of Rs. 1,519.31 million. It was followed by B F Utilities (Rs. 768.45 million) and State Bank Of India (Rs. 590.50 million).
The volume chart was led by Ispat Industries with trades of over 4.62 million shares. It was followed by A2Z Maintenance & Engineering Services (4.58 million), Birla Shloka Edutech (4.49 million) and Sanraa Media (3.51 million).

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