8th Dec 2010 Closing Market Updates:

8th Dec 2010 Closing Market Updates:

Nifty closed 69.65 points down at 5906.90
Sensex closed 239.17 points down at 19695.47
Indian markets continued to fall for the second day on Wednesday. At the close, the benchmark 30-share index, BSE Sensex lost 239.17 points or 1.20% at 19,695.47 with 27 components posting drop. Meanwhile, the broad based NSE Nifty went down by 69.65 points or 1.17% at 5,906.90 with 42 components posting drop.

Sensex Movers
H D F C Bank contributed fall of 33.85 points in the Sensex. It was followed by Reliance Industries (27.02 points), Housing Development Finance Corporation (24.69 points), State Bank Of India (23.26 points) and Larsen & Toubro (15.46 points).
However, Tata Motors contributed rise of 4.06 points in the Sensex. It was followed by ACC (2.52 points), Oil & Natural Gas Corporation (1.73 points), Grasim Industries (1.28 points) and Bharat Heavy Electricals (0.78 points).
Major gainers in the 30-share index
Tata Motors (0.74%),
Oil & Natural Gas Corporation (0.25%),
Bharat Heavy Electricals (0.17%).

Major losers:
Jaiprakash Associates (3.31%),
Reliance Communications (3.24%),
H D F C Bank (3.08%),
D L F (3.04%),
Hindalco Industries (2.73%),
Bajaj Auto (2.44%)
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining 2.19% and 3.26% respectively.
The major losers in the BSE Midcap were Allahabad Bank(6.38%), Ackruti City (3.18%), Allcargo Global Logistics (2.45%), Aban Offshore (1.19%) and Alfa-Laval (India) (0.62%).
The major losers in the BSE Smallcap were A B G Shipyard (6.79%), Abhishek Industries (4.92%), INEOS ABS (India) (2.22%), Aarti Industries (1.81%) and A B G Infralogistics (0.76%).
Sectors in Limelight
The Realty index was at 2,830.18, down by 82.89 points or by 2.85%. The major losers were Anant Raj Industries (5.59%), D B Realty (5%), Ackruti City (3.18%), D L F (3.04%) and Indiabulls Real Estate (2.89%).
The Consumer Durables index was at 6,165.09, down by 173.98 points or by 2.74%. The major losers were Gitanjali Gems (6.89%), Bajaj Electricals (3.9%), Whirlpool Of India (2.37%), Blue Star (1.98%) and Rajesh Exports (1.96%).
The Metal index was at 16,322.46, down by 354.57 points or by 2.13%. The major losers were JSW Steel (2.85%), National Aluminium Company (2.8%), Hindalco Industries (2.73%), Bhushan Steel (2.27%) and Jindal Steel & Power (1.27%).
The Bankex index was at 13,073.02, down by 266.41 points or by 2%. The major losers were Canara Bank(4.7%), H D F C Bank (3.08%), Federal Bank (2.62%), Bank Of Baroda (1.29%) and Bank Of India (0.7%).
Market Breadth
Market breadth was negative with 610 advances against 2,394 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 2,851.54 million. It was followed by Uflex (Rs. 972.41 million), Tata Motors (Rs. 950.16 million) and Ruchi Soya Industries (Rs. 756.29 million).
The volume chart was led by Cals Refineries with trades of over 166.00 million shares. It was followed by Sanraa Media (41.43 million), Karuturi Global (14.11 million) and K S Oils (8.70 million).