Monday, April 11, 2011

11th April Market Closing Updates:

11th April Market Closing Updates:

The country's industrial output rose slower-than-expected 3.6 percent in the month of February from a year earlier. The IIP growth fell by 0.1% as compared to the month of January.
Manufacturing output, which constitutes about 80 percent of the industrial production, rose an annual 3.5 percent, the Central Statistics Office said in a statement.
Industrial output grew 10.4 percent in 2009/10 financial year (April-March), faster than 2.8 percent clocked in the previous fiscal year.
The economy has expanded at more than 8 percent in the last three quarters, riding on strong manufacturing that contributes about 80 percent of the industrial output.
The HSBC Markit Purchasing Managers' Index, an indicator of manufacturing expansion, remained unchanged in March at 57.9 from February, the highest level since last November.
India's exports jumped an annual 49.7 percent in February to $23.6 billion, while imports rose 21.2 percent to $31.7 billion, latest government data showed.
Wholesale price inflation , the main gauge of prices in India , unexpectedly accelerated to 8.31 percent in February, and the data for March data is due on April 15.

the Sensex was trading down 192.36 points or 0.99% at 19,259.09 with 23 components falling. Meanwhile, the Nifty was trading lower by 61.30 points or 1.05% at 5,780.70 with 40 components falling.
The 30-share benchmark index, BSE Sensex opened with a decline of 68.54 points or 0.35% at 19,382.91, while the broad based NSE Nifty started with a fall of 36.65 points or 0.63%, at 5,805.35.
Biggest gainers in the 30-share index were:
Reliance Infra (0.70%),
Cipla (0.53%),
I T C (0.38%),
Tata Power Company (0.35%),
Infosys Technologies (0.28%),
Bharti Airtel (0.12%).
The major losers in the Sensex
DLF (3.62%),
Jaiprakash Associates (3.07%),
Jindal Steel & Power (3.04%),
Tata Motors (2.94%),
Housing Development Finance Corporation (2.86%),
Bajaj Auto (2.64%) were
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts declining 0.75% and 0.73% respectively
Sectors in Limelight
The Realty index was at 2,400.01, down by 64.14 points or by 2.6%. The major losers were D L F (3.62%), Anant Raj Industries (2.1%), Mahindra Lifespace Developers (1.8%), Indiabulls Real Estate (0.21%) and Ackruti City (0.08%).
The Auto index was at 9,190.99, down by 206.14 points or by 2.19%. The major losers were Bajaj Auto (2.64%), Ashok Leyland (1.78%), Apollo Tyres (1.73%), Bharat Forge (1.7%) and Amtek Auto (0.37%).
The Consumer Durables index was at 6,305.73, down by 121.37 points or by 1.89%. The major losers were Titan Industries (2.96%), Gitanjali Gems (2.57%), Rajesh Exports (1.83%), Blue Star (1.66%) and Whirlpool Of India (0.03%).
The Oil & Gas index was at 9,928.51, down by 159.9 points or by 1.58%. The major losers were Hindustan Petroleum Corporation (2.68%), Indian Oil Corporation (2.29%), Bharat Petroleum Corporation (2.07%), G A I L (India) (1.47%) and Cairn India (0.19%).
Market Breadth
Market breadth was negative with 1,083 advances against 1,831 declines.

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