Wednesday, December 29, 2010

Indian stock markets ended at one & half month high; All sectors in BSE ended at green

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The 30-share BSE Sensex closed at 20,256.03, up 230.61 points or 1.15% and the Nifty rallied 64.35 points or 1.07% to settle at 6,060.35. Broader indices too gained; the BSE Midcap Index was up 0.5% and Smallcap up 1.1%.

By gaining 230 points indian equity benchmarkes closed at one and half month highs. Buying are interested in financial, metal, FMCG and auto sectors. The Nifty settled above 6050 level for first time since November 15, 2010 and the Sensex added more than 200 points on Wednesday after a big period consolidation.

All sectors in BSE ended in green. The BSE FMCG, Metal and Bank indices went up 1.5% each. Auto, Capital Goods, IT and Power were up 0.4-0.8%. Bharti Airtel was the leader on Nifty today; surged 3.4% while Reliance Communications went down 0.5% on profit booking. Heavyweight ONGC was up 1%.

Financials and metals were biggest gainers today. In financial space, HDFC Bank rose 3.2% and HDFC was up 2.4%. ICICI Bank, SBI and Axis Bank gained 1-2%. Sterlite Industries, SAIL, Hindalco and Jindal Steel from metal pack were up 1.5-3.4%. Tata Steel and SAIL were up 0.5% each. ITC and HUL from FMCG space moved up 1.75% & 3.5%, respectively.

TCS and Infosys from technology space climbed 0.66-0.9% while HCL Tech and Wipro fell 0.5-0.6%. DLF from realty segment rose 0.75%. L&T and BHEL from capital goods space gained 0.87% & 0.33%, respectively. In power pack, NTPC, Reliance Infrastructure and Tata Power moved up 0.4-1% while Power Grid, Suzlon and Reliance Power declined 0.2-0.6%.

In auto space, Maruti, M&M and Bajaj Auto went up 1.2-1.6%; Tata Motors and Hero Honda were up 0.4-0.6%. In midcap space, Gujarat Flourochem, MindTree, Ruchi Soya, Greaves Cotton and HCC shot up 4.4-7.5% while Money Matters, United Breweries, Amtek Auto, Sterling International and Rei Agro lost 2-5%.

In smallcap space, Binani Industries surged 20% and AP Paper Mills jumped 19%. TTK Healthcare, Maharashtra Polybutenes and ISMT gained 12-17%. However, Asian Hotels, Graviss Hosp, Elpro Intl, Oscar Invest and Centrum Finance declined 5-8.7%.

Market breadth was positive. About 1843 shares advanced while 1115 shares declined on BSE. Both exchanges reported total traded turnover at Rs 1,37,498.94 crore. This included Rs 9,520.92 crore from NSE cash segment, Rs 1,25,045.95 crore from NSE F&O and the rest of Rs 2,932.07 crore from BSE cash segment.


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