Thursday, December 30, 2010

Nifty closed above 6100 today; first time since November 15, 2010

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The 30-share BSE Sensex today closed at 20,389.07 by gaining 133.04 points or 0.66% and the 50-share NSE Nifty rose 41.50 points or 0.68% to close at 6101.85. The Nifty January futures ended at a 25-point premium. In the December series, the Sensex surged 5.5% while the Nifty rose 5.2%.

Suzlon Energy was the biggest gainer with 5.5% jump. NTPC is also the leader in Nifty today gained 2.2% followed by technology stocks like TCS and Infosys with gain of 1.2% each. Wipro rose 0.3%. In power pack, Tata Power, Power Grid, Reliance Power and Reliance Infrastructure were up 0.6-1.7%.

On metal side, Sterlite Industries, Jindal Steel and Hindalco went up 1.3-1.9%. Tata Steel, Sesa Goa and SAIL were up 0.5-0.7%. Bharti Airtel from telecom pack rose 1% while Reliance Communications declined just 0.2%. BHEL and L&T from capital goods space gained 1-1.4%. Tata Motors and Hero Honda from auto segment moved up 2% each; M&M and Maruti were marginally up.

In financial space, HDFC and Axis Bank climbed 1.6% each; ICICI Bank and IDFC went up 0.6% each. However, HDFC Bank, SBI, Kotak Mahindra Bank and PNB slipped 0.2-1%. HUL from FMCG space rose 1.5% and ITC was up just 0.2%. Heavyweights Reliance Industries gained just 0.25% while ONGC lost 0.67%. The Newly listed Punjab & Sind Bank closed at Rs 127.15 as against issue price of Rs 120 a share.

The BSE Midcap Index was up 0.7% and Smallcap up 0.4%. About 1681 shares have advanced, 1254 shares declined, and 538 shares are unchanged. In midcap space, Rajesh Exports, Ruchi Soya, Dredging Corp, Aban Offshore and Indiabulls Real jumped 5.7-10% while Man Infra, MVL, Sunteck Realty, Polaris and Tulip Telecom fell 2-3.5%. In smallcap space, Binani Industries, ABG Infralogistics, Surana Industries, Symphony and Hawkins Cooker rallied 9-12% whereas SE Investments, Modern India, Garden Silk Mills, Maharashtra Elektrosmelt and Midfield Industries lost 5-8.6%.

Total traded turnover on exchanges stood at Rs 1,88,073.75 crore. This included Rs 15,252.87 crore from NSE cash segment, Rs 1,69,305.31 crore from NSE F&O and the rest of Rs 3,515.57 crore from BSE cash segment.


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