Wednesday, January 5, 2011

5th Dec Closing Market Update

5th Dec Closing Market Update
Nifty closed 37.90 points down at 6078.45
Sensex closed 202.41 points down at 20296.31


The Sensex continues to trade in deep red with hitting new intra-day lows. Intense selling in banking stocks weighed on the index. Midcap and Smallcap index too led the downfall. Also, realty, auto and capital goods stocks hammered badly.
Moreover, opening of negative European markets also led the downfall.Stocks fell as the Federal Reserve warned the U.S. recovery doesn`t meet the threshold for scaling back its bond-purchase plans. US futures declined
The 30-share benchmark index, BSE Sensex opened flat with a rise of 11.23 points or 0.05% at 20,509.95, while the broad based NSE Nifty started with a fall of 5.00 points or 0.08%, at 6,141.35.
Sensex Movers
ICICI Bank contributed fall of 53.24 points in the Sensex. It was followed by Larsen & Toubro (32.15 points), Housing Development Finance Corporation (32.09 points), H D F C Bank (18.83 points) and State Bank Of India (14.46 points).
However, I T C contributed rise of 10.14 points in the Sensex. It was followed by Tata Consultancy Services (4.34 points), Hindalco Industries (4.27 points), Tata Power Company (4.1 points) and Sun Pharmaceutical Industries (2.82 points).
Biggest gainers in the 30-share index
Tata Power Company 1400.90 (1.50%),
Hindalco Industries 246.50 (1.05%),
ITC 179.80 (0.87%),
Tata Consultancy Services 1158.95 (0.51%), 
Wipro 485.65 (0.36%).
Biggest losers in the Sensex
Bajaj Auto 1374.50 (3.96%),
DLF 281.85 (3.48%),
ICICI Bank 1069.35 (3.27%),
Hero Honda Motors 1903.40 (3.15%),
Reliance Communications 656.10 (2.77%),
Housing Development Finance Corporation 708.10 (2.76%)
Mid & Small-cap Space
The BSE Midcap index was at 7745.64 down by 107.39 points or by 1.37%.
The major losers were Allahabad Bank(4.24%), Aban Offshore (4.11%), Core Projects and Technologies (1.62%), Ackruti City (1.1%) and Alfa-Laval (India) (0.01%).
The BSE Smallcap index was at 9729.67 down by 111.5 points or by 1.13%.
The major losers were A B G Shipyard (3.34%), Abhishek Industries (2.56%), Aarti Industries (2.11%), A K Capital Services (0.99%) and INEOS ABS (India) (0.16%).
Sectors in Limelight
The Bankex index was at 12,807.76, down by 313.36 points or by 2.39%. The major losers were Canara Bank(4.22%), Federal Bank (2.66%), H D F C Bank (1.81%), Bank Of Baroda (0.55%) and Bank Of India (0.29%).
The Realty index was at 2,773.93, down by 64.61 points or by 2.28%. The major losers were Anant Raj Industries (5.41%), D L F (3.48%), D B Realty (2.98%), Indiabulls Real Estate (1.19%) and Ackruti City (1.1%).
The Auto index was at 9,970.03, down by 192.21 points or by 1.89%. The major losers were Amtek Auto (4.02%), Bajaj Auto (3.96%), Apollo Tyres (3.9%), Ashok Leyland (2.59%) and Bharat Forge (1.55%).
On the other hand, the FMCG index was at 3,763.42, up by 7.70 points or by 0.21%. The major gainers were Marico (1.14%), I T C (0.87%), Nestle India (0.16%) and Dabur India (0.05%).
Market Breadth
Market breadth was negative with 880 advances against 2,067 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 1,547.39 million. It was followed by Reliance Industries (Rs. 1,072.87 million), Lanco Infratech (Rs. 888.61 million) and Religare Enterprises (Rs. 699.46 million).
The volume chart was led by Lanco Infratech with trades of over 14.31 million shares. It was followed by Bellary Steels & Alloys (12.75 million), Ravi Kumar Distilleries (10.08 million) and Mahindra Satyam (5.41 million).

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