Wednesday, March 16, 2011

16th March 2011 Closing Market Updates:

16th March 2011 Closing Market Updates:
Nifty closed 62.40 points  up at 5512.05
Sensex closed 208.12 points  up at 18375.76

The equity benchmarks recouped all their previous day's losses today on the back of recovery in global markets. But there was some profit booking at higher levels, which could be because of rise in crude oil prices again.
London Brent crude went up by USD 1.6 to USD 110.4 a barrel after Bahraini security forces attempted to clear protesters on Wednesday, rebounding from a three-week low near USD 107 earlier in the day. The Nymex crude was inching up towards USD 99 a barrel at 13:50 hours.
Financial, technology, telecom, infrastructure, oil & gas, metal, realty and cement companies' shares were leading the markets higher. However, HUL, GAIL and Hero Honda were the only losers on the Nifty. About four shares advanced as against one share declined on the National Stock Exchange.
The European markets too were quite supportive in the afternoon trade, after rebound in Asian and the US markets; Germany's DAX went up 1%. France's CAC and Britain's FTSE were flat with positive bias.
Sensex Movers

I C I C I Bank contributed rise of 45.07 points in the Sensex. It was followed by State Bank Of India (23.05 points), Tata Consultancy Services (18.49 points), Larsen & Toubro (14.78 points) and Infosys Technologies (11.58 points).
However, Hindustan Unilever contributed fall of 4.13 points in the Sensex. It was followed by Hindalco Industries (0.94 points), Hero Honda Motors (0.5 points), Oil & Natural Gas Corporation (1.12 points) and Housing Development Finance Corporation (1.24 points).
Major gainers
Reliance Energy (5.92%),
I C I C I Bank (3.08%),
Reliance Communications (2.92%),
State Bank Of India (2.48%),
D L F (2.40%),
Tata Consultancy Services (2.31%).
Major losers
Hindustan Unilever (1.07%),
Hindalco Industries (0.27%),
Hero Honda Motors (0.26%)
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 1.48% and 1.45% respectively.
The major gainers in the BSE Midcap were A2Z Maintenance & Engineering Services (2.51%), A B G Shipyard (2.41%), Alstom Projects India (1.84%), Aban Offshore (1.42%) and Core Projects and Technologies (1.09%).
The major gainers in the BSE Smallcap were A K Capital Services (3.44%), A B G Infralogistics (1.37%), INEOS ABS (India) (1.11%), Abhishek Industries (0.59%) and Aarti Industries (0.31%).
Sectors in Limelight
The Realty index was at 2,104.44, up by 50.75 points or by 2.47%. The major gainers were Anant Raj Industries (3.09%), D L F (2.4%), Indiabulls Real Estate (2.23%), Ackruti City (1.62%) and D B Realty (1.4%).
The Consumer Durables index was at 5,874.29, up by 126.61 points or by 2.20%. The major gainers were whirlpool Of India (5.11%), Blue Star (1.18%), Rajesh Exports (0.94%), Gitanjali Gems (0.78%) and Bajaj Electricals (0.7%).
The Bankex index was at 12,439.91, up by 263.24 points or by 2.16%. The major gainers were Canara Bank(3.03%), Federal Bank (2.25%), Bank Of India (1.66%), Bank Of Baroda (1.32%) and H D F C Bank (0.43%).
The HC index was at 5,870.43, up by 91.31 points or by 1.58%. The major gainers were Biocon (3.12%), Apollo Hospitals Enterprise (2.73%), Aurobindo Pharma (2.61%), Cipla (0.64%) and Cadila Healthcare (0.52%).
Market Breadth
Market breadth was positive with 1,871 advances against 952 declines.
Value and Volume Toppers
Tata Coffee topped the value chart on the BSE with a turnover of Rs. 1,520.37 million. It was followed by Fineotex Chemical (Rs. 1,376.99 million), V I P Industries (Rs. 1,064.52 million) and B F Utilities (Rs. 945.12 million).
The volume chart was led by Cals Refineries with trades of over 18.42 million shares. It was followed by Fineotex Chemical (8.96 million), Sudar Garments (4.70 million) ) and Acropetal Technologies (4.31 million).

No comments:

Post a Comment