Friday, December 24, 2010

Sensex closed above 20,000 mark in volatile session

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After trading in a range of 5950-6000 since morning, the benchmark Nifty strengthened in the last couple of hours to close above the psychologically important level of 6000. The index was in the 50-point range since Tuesday while the Sensex has been hovering around a 100-150 point range.

Telecom, Anil Dhirubhai Ambani Group (ADAG), FMCG, power, healthcare and select metal companies' shares along with L&T, Wipro, HDFC Bank, SBI and DLF supported the Sensex to settle above 20,000-mark.

However, the sell-off was seen in Tata Motors, ICICI Bank, ONGC, BHEL, SAIL, BPCL, HDFC, IDFC JSPL and HCL Tech, which limited gains to some extent.

The 30-share BSE Sensex closed at 20,073.66, up 90.78 points or 0.45% and the 50-share NSE Nifty rose 31.60 points or 0.53% to settle at 6,011.60.

ADAG companies' shares were on buyers' radar in last couple of hours of trade; Reliance Communications was top gainer as well as leader on Nifty with 10.4% gains. Reliance Power rose 5%. Reliance Infrastructure and Reliance Capital gained 2.8-3.4%. Bharti Airtel from telecom pack went up 1.5%.

ITC and HUL from FMCG space were up 1.3-1.8%. Sun Pharma was among top gainers for second consecutive day; rose another 4.5%. Cipla was up 1% and Ranbaxy Labs up 0.5%.

L&T from capital goods space moved up 1.3% and Siemens surged 4% while BHEL declined 0.76%. In power pack, Suzlon Energy jumped 4%; NTPC, Tata Power, Power Grid were up 0.5-1.3%.

In metal segment, Sterlite Industries, Tata Steel, Hindalco and Sesa Goa moved up 1.7-2.6% whereas SAIL and Jindal Steel were down 0.2-0.75%. DLF from realty space went up 0.9%.

M&M and Hero Honda from auto space rose 0.4-1.4% while Tata Motors tanked 3.44%, which was top loser on Nifty.

In financial space, HDFC Bank and PNB were up 1-1.25%; SBI and Kotak Mahindra Bank went up 0.3% each while IDFC, HDFC and ICICI Bank fell 0.4-1%.

Heavyweight ONGC lost 0.4% and BHEL slipped 0.76%.

In midcap space, BF Utilities surged 19.47%. Jubilant Foodworks, Bajaj Hindusthan, MVL and HCL Info were up 4.6-5.5% while Money Matters, Simplex Infra, Ballarpur Industries, Jain Irrigation and Hathway Cable slipped 3-5%.

In smallcap space, Jindal Worldwide shot up 20% and Hercules Hoists up 15.12%. Hanung Toys, Hawkins Cooker and MBL Infra gained 7-9.7% while Lloyds Metals, Asian Hotel (E), Relaxo Footwear, Sahara One and Graviss Hosp declined 5-7%.

A2Z Maintenance, BF Utilities, Reliance Communications, SBI, Tata Steel and Tata Motors were the most active shares on exchanges.

About 1617 shares advanced on Bombay Stock Exchange as against 1291 shares declined.

Total traded turnover on exchanges stood at Rs 1,23,382.81 crore. This included Rs 9,978.84 crore from NSE cash segment, Rs 1,10,437.94 crore from NSE F&O and the rest of Rs 2,966.03 crore from BSE cash segment.


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