Share Bazaar News India

The markets opened on firm note today and proceeded to trade strong through the day but could not maintain the momentum in late trade and slipped sharply on the back weak cues from the European markets. Finally Sensex and Nifty ended on flat note.

It was a day of strength for the capital goods, metal, power, banking and pharmaceutical stocks. BSE midcap and smallcap indices also performed well in line with frontline counters. Heavy profit booking was witnessed in scrips across sectors in the late trade, leading to sharp decline from its day' s high. IT and FMCG stocks remained subdued for most part of the day.

Sensex ended up 19.80 points or 0.11% at 17825.99, and the Nifty was down 1.65 points or 0.03% at 5268.40. About 1543 shares advanced, 1398 shares declined, and 97 shares were unchanged. BSE midcap ended up 0.43% at 7723.56 and smallcap was up 0.26% at 9673.86.

BSE auto index ended up 0.57% at 4773.34. Punjab Tractors, M&M and Maruti Suzuki were some of the majo gainers.

BSE bankex closed in red with a loss of 0.32% at 10156.52. Axis Bank, PNB and Union Bank were some of the major gainers.

BSE capital good index ended up 2.37% at 16506.67. Astra Microwave, Bharat Bijlee and Crompton Greaves were the top gainers in thei space.

BSE FMCG index ended up 0.19% at 2254.98. Godrej Consumer, Bata India and Marico were some top fliers in this counter.

BSE pharma index closed up 1.22% at 3860.02. Glaxo Smithknlime, Sun Pharma and Ranbaxy labs were some of the top gainers in this space.

BSE IT index was down 2.20% at 3973.12. Satyam, Patni Computers and Infosys were some of the top losers in the IT sector.

BSE metal index ended down 0.95% at 16642.01. Ispat industries, Hind Zinc and Jindal Saw were some of the top gainers.

BSE oil & gas index ended up 0.4% at 11259.92. GAIL, Petronet LNG and ONGC were some of the top fliers in energy sector.

BSE power index closed up 0.73% at 3733.77. CESC, Power Grid Corp and Crompton Greaves are top gainers.

MARKET SNAPSHOT:
Markets slip from day's high on nervousness in European market on account of UBS EGM, uncertain economic statements from U.K.'s biggest mortgage lender, HBOS

Market clocks highest turnover of the month for third consecutive day

Sensex up 20 pts at 17826; slip 311 pts from day’s high

Nifty ends almost flat at 5268; slip 100 pts from day’s high

CNX Midcap Index up 0.6%, BSE Small cap Index up 0.3%

BSE Capital Goods Index up 2.4%; Siemens up 3.8%, BHEL up 3.8%, L&T up 3.3%, Suzlon down 3%

BSE Auto Index up 0.6%; M&M up 4.5%, Maruti up 2.4%

BSE Oil & Gas Index up 0.4%; GAIL up 1.5%, ONGC up 1%

BSE IT Index down 2.2%; Satyam down 2.9%, Infosys down 2.6%, TCS down 2.3%

BSE Metals Index down 1%; Nalco down 3.8%, Sterlite down 3.1%

Crude Oil Futures hit a record high of $102.08/bbl

Gold hits a record high of $965/oz

Rupee strengths 30 bps to Rs 39.78/$

Pharma Stocks see buying; Sun Pharma up 5.2%, GSK Pharma up 4.6%, Ranbaxy up 3.5%

Other Index Losers:
Grasim Ind down 4.9%, REL down 3.9%, Tata Comm down 3.8%

Non Index Gainers:
Punjab Tractor up 10.1%, CESC up 7.8%, Shree Renuka up 7%, Indraprastha Gas up 6.6%, Lanco Infra up 6.3%

Non Index Losers:
Gujarat NRE Coke down 8.7%, Bajaj Hind down 8.6%, Gateway Dist down 3.7%, Indian Cement down 3.7%

NSE Advance Decline is 6:5

Source: Moneycontrol.com