Thursday, March 10, 2011

10th March 2011 Market Closing Updates

10th March 2011 Market Closing Updates:
Indian equities dropped on Thursday erasing earlier gains. the Sensex was trading down 160.36 points or 0.87% at 18,309.59 with 24 components falling. Meanwhile, the Nifty was trading lower by 43.50 points or 0.79% at 5,487.50 with 35 components falling.

The 30-share benchmark index, BSE Sensex opened with a decline of 39.11 points or 0.21% at 18,430.84, while the broad based NSE Nifty started with a fall of 14.90 points or 0.27%, at 5,516.10.
Sensex Movers
ICICI Bank contributed fall of 27.54 points in the Sensex. It was followed by Reliance Industries (17.83 points), State Bank Of India (15.34 points), Tata Consultancy Services (12.14 points) and Tata Steel (11.59 points).
However, Hero Honda Motors contributed rise of 2.3 points in the Sensex. It was followed by D L F (1.59 points), Bharat Heavy Electricals (1.51 points), Maruti Suzuki India (1.28 points) and Sun Pharmaceutical Industries (1.16 points).
Biggest gainers in the 30-share index
D L F (1.35%),
Hero Honda Motors (1.21%),
Reliance Energy (0.93%),
Reliance Communications (0.76%),
Maruti Suzuki India (0.54%),
Bharat Heavy Electricals (0.34%).
The major losers in the Sensex.
Mid & Small-cap Space

Hindalco Industries (2.54%),
Tata Power Company (2.38%),
Tata Steel (2.26%),
ICICI Bank (1.91%),
State Bank Of India (1.60%),
NTPC (1.57%)
The BSE Mid and small caps outperformed their larger counterparts declining-0.27% and -0.29% respectively.
The major losers in the BSE Midcap were A I A Engineering (3.8%), A2Z Maintenance & Engineering Services (3.49%), Core Projects and Technologies (0.63%), Alok Industries (0.23%) and Allcargo Global Logistics (0.1%).
The major losers in the BSE Smallcap were INEOS ABS (India) (1.97%), A B G Infralogistics (1.85%), Abhishek Industries (1.65%), A K Capital Services (1.13%) and Aarti Industries (0.1%).
Sectors in Limelight
The Metal index was at 15,635.76, down by 238.13 points or by 1.5%. The major losers were JSW Steel (2.99%), Hindalco Industries (2.54%), Jindal Saw (2.1%), Hindustan Zinc (1.71%) and Jindal Steel & Power (1.55%).
The Bankex index was at 12,298.49, down by 159.26 points or by 1.28%. The major losers were Canara Bank(1.64%), Federal Bank (1.22%), Bank Of India (1.17%), Bank Of Baroda (0.53%) and H D F C Bank (0.16%).
The IPO index was at 1,700.35, down by 12.54 points or by 0.73%. The major losers were BS TransComm (4.31%), ARSS Infrastructure Projects (2.8%), Aster Silicates (2.17%), Aqua Logistics (1.15%) and Bajaj Corp (0.02%).
The PSU index was at 8,529.06, down by 59.04 points or by 0.69%. The major losers were Bank Of India(1.17%), Allahabad Bank (1.09%), Balmer Lawrie & Company (0.7%), Andhra Bank (0.68%) and Bank Of Baroda (0.53%).
Market Breadth
Market breadth was negative with 1,173 advances against 1,551 declines.
Value and Volume Toppers
Acropetal Technologies topped the value chart on the BSE with a turnover of Rs. 3,627.97 million. It was followed by Tata Coffee (Rs. 1,354.92 million), State Bank Of India (Rs. 743.48 million) and Tata Steel (Rs. 720.20 million).
The volume chart was led by Acropetal Technologies with trades of over 35.94 million shares. It was followed by Cals Refineries (16.93 million), Sanraa Media (11.22 million) and Reliance Communications (6.36 million).

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