Wednesday, June 29, 2011

29th June Market Closing Updates

29th June Market Closing Updates:
Benchmark indices managed to close nearly a third of a percent higher after a choppy trading session. Nifty gained 18 points to settle at 5545. FII's continue to pour in money, with yesterday's net buying in stocks and nifty future at Rs. 819 cr. and Rs. 452 cr. respectively. DIIs continued to be in profit booking mode, net selling stocks worth Rs. 575 cr. Overall rollover, two days ahead of expiry, stood at 53% as against last month's 48% and 3-month average-51%. Nifty rollover stood at 41%, previous figures being 37% and 47% respectively.Positive global cues were quite supportive ahead of Greece parliament's vote on austerity package. European markets like France's CAC, Germany's DAX and Britain's FTSE went up more than 1%. Among Asian markets, Nikkei, Straits Times, Kospi and Taiwan gained 1-1.5%. However, only Shanghai fell 1%.
Biggest gainer in the 30-share index was Sterlite Industries (India) (3.41%).
The major loser in the Sensex was Oil & Natural Gas Corporation (2.23%), Bajaj Auto (1.39%).
Sector in Limelight
The FMCG index was at 3,974.90, up by 101.76 points or by 2.63%. The major gainers were Colgate-Palmolive (India) (7.94%), I T C (2.91%), Hindustan Unilever (2.66%), Godrej Consumer Products (2.29%) and Dabur India (0.57%).
The Metal index was at 14,995.37, up by 231.53 points or by 1.57%. The major gainers were Hindustan Zinc (2.07%), National Aluminuim Company (2.01%), Hindalco Industries (0.61%), Bhushan Steel (0.43%) and Jindal Steel & Power (0.17%).
The Power index was at 2,606.25, up by 25.10 points or by 0.97%. The major gainers were Reliance Infrastructure (2.23%), Bharat Heavy Electricals (2.09%), Crompton Greaves (1.35%), A B B (0.28%) and Adani Power (0.05%).
The Bankex index was at 12,737.80, up by 116.52 points or by 0.92%. The major gainers were H D F C Bank (2.49%), Indusind Bank (1.66%), Federal Bank (0.92%), IDBI Bank (0.3%) and I C I C I Bank (0.27%).
Market Breadth
Market breadth was positive with 1,790 advances against 1,079 declines.

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