23rd June2011 Market Closing updates

23rd June2011 Market Closing updates:

Benchmark indices closed absolutely flat after a range bound trading session yesterday. Nifty gained 2 points to close at 5278. Broader market however continued to underperform, with BSE mid-cap and small-cap indices losing 0.8% each. FIIs net sold stocks worth Rs. 287 cr. while net bought Nifty futures worth Rs. 435 cr. DIIs were net buyers to the tune of Rs. 157 cr. Today morning Asian markets are trading with average cut of about half a percent and SGX Nifty is suggesting about 5 points lower opening for our market. Technical view on Nifty continues to be negative and will continue to be so until we see a resumption of the higher-top higherbottom formation on the daily chart.

Biggest gainer in the 30-share index was Reliance Communications (3.36%).

Biggest loser in the Sensex was Cipla (1.92%),.

Sectors in Limelight

The Consumer Durables index was at 6,680.25, up by 290.38 points or by 4.54%.

The FMCG index was at 3,813.76, up by 78.59 points or by 2.10%.

The Oil & Gas index was at 8,941.77, up by 171.18 points or by 1.95%.

The Realty index was at 1,913.23, down by 22.1 points or by 1.14%.

Market Breadth

Market breadth was negative with 1,032 advances against 1,724 declines.

G T L topped the value chart on the BSE with a turnover of Rs. 1,478.15 million