Wednesday, April 6, 2011

6th April Market Closing Updates

6th April Market Closing Updates:

Sensex closed 105.78 down at 19581.04
Nifty closed 20.40 down at 5889.65
The 50-share NSE Nifty was consolidating at around the 5,900 mark since the beginning of trade.
"The coming session is likely to witness a resistance at the 5960 levels on advances. Support is likely at the 5860 below which the 5800 maybe tested. The bullish pivot for the session is likely at the 5900 levels above which the Nifty must stay throughout the session," 
Technology and private banks stocks were under selling pressure. Bharti, ITC and L&T too were down. However, power, realty and select auto companies' shares were on buyers' radar. SBI, ONGC and HUL gained.

Realty was showing outstanding performance today, with soaring nearly 3%. Ackruti City, Anant Raj Inds, DLF, Godrej Prop, Indiabulls Real, Mahindra Life, Orbit Corp, Parsvnath, Peninsula Land and Phoenix Mills rallied 1-4%. Unitech shot up 5.76% and HDIL surged 7%.
Largecaps
Wipro, Hindalco, Bharti Airtel, ITC, M&M and Kotak Mahindra Bank were the top losers, losing 1-2%. Cairn India was the leading dragger on Nifty, with falling over 4%.
However, Reliance Infrastructure, Tata Motors, Hero Honda, DLF, NTPC, BPCL, GAIL and Reliance Power were top gainers, with rising 1-2%. Sesa Goa rallied 3.49%.
Most active shares on exchanges were BF Utilities, Reliance Industrial Infra, SBI, Mahindra Satyam, Sesa Goa, Tata Motors, ICICI Bank and Suzlon Energy.
In midcap space
Jai Corp surged 12.5%. Wockhardt, Stride Arcolab, SpiceJet and Polaris gained 8-10%. However, Himadri Chemical, Fresenius Kabi, OnMobile Global, Allcargo Global and Eicher Motors lost 2.5-4%.
In smallcap space, Shri Lakshmi jumped 14%. Heritage Foods, ITI, Shasun Pharma and Reliance Industrial Infra were up 8-9%. However, Gravita India, Lloyds Metals, R M Mohite, Henkel India and Ontrack Systems fell 5-9%.
About 1803 shares advanced as against 1084 shares declined on the Bombay Stock Exchange.
Top Gainers :
HDIL (195.50) 8.13%
RECLTD (266.95) 3.37%
Sesagoa (325.05) 3.27 %
IOB (154) 3.08%
BEL (1790) 2.84 %
Top Losers
Cairn (348.85) 4.45%
Wipro (464.95) 3.34%
Lichsgfin (232) 2.37 %
Syndibank (127.50) 2.34%
TCS (1239.85) 2.07%

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