The Sensex ended in positive terrain supported by IT, consumer durables and oil & gas stocks. Smallcap index outperformed Midcap index. It opened on a bearish note with a loss of 54.84 points, at 15,573.91 on Tuesday tracking negative global cues. After few minutes of trading in the red, the index recovered and entered into the positive territory on buying seen in index pivotals and continued to trade in the green to finally close on a higher note, touching a high of 15,735.32.
BSE Midcap and Smallcap index rose 0.58% and 1.50% respectively.
Asian stocks declined led by mining and finance companies on lower profit at Chinese companies and amid speculation loan losses in the US will increase. Japanese benchmark index Nikkei fell 83.69 points, or 0.79%, to end at 10,497.36. Hong Kong`s Hang Seng index declined 100.70 points, or 0.49%, to close at 20,435.24. China`s Shanghai Composite decreased 77.63 points, or 2.59% to settle at 2,915.80.
European stocks fell as a drop in metals and oil dimmed the earnings outlook for commodity producers and SunTrust Banks said lenders face more credit losses. UK`s benchmark index FTSE 100 fell 20.19 points, or 0.39%, to trade at 4,877.01. French benchmark index CAC 40 lost 7.30 points, or 0.20%, to trade 3,645.49. Germany`s benchmark index DAX decreased 12.06 points, or 0.23%, to trade at 5,507.32. (4:20 p.m., IST)
The Sensex ended the day with a gain of 59.72 points, or 0.38% at 15,688.47 after touching a high of 15,735.32 and a low of 15,423.39. The broad-based NSE Nifty climbed 16.55 points, or 0.36% at 4,659.35 after hitting a high of 4,672.90 and a low of 4,582.50.
Major gainers in the 30-share index were Tata Motors (7.10%), Wipro (3.86%), Reliance Industries (2.51%), Reliance Communications (2.22%), Grasim Industries (2.04%), and NTPC (1.69%).
On the other hand, State Bank Of India(2.36%), Bharat Heavy Electricals (1.76%), Bharti Airtel (1.62%), ICICI Bank (1.07%), Oil & Natural Gas Corporation (1.00%), and Maruti Suzuki India (0.95%) were the major laggards in the Sensex.
Overall market breadth was positive. Out of the total 2,816 stocks traded at BSE, 1,681 advanced, 1,060 declined while 75 remained unchanged.
Gainers in the sectoral indices were BSE IT which gained 1.92%, Consumer Durables rose 1.80%, Oil & Gas gained 1.13%, HC gained 1.08%. Among major losers in the sectoral indices - BSE Bankex fell 0.88% and PSU dropped 0.40%.
Indices Trend
Sensex Nifty
Period Value % Change Value % Change
1 Week 14,784.92 6.11 4,387.90 6.19
1 Month 15,378.96 2.01 4,568.55 1.99
3 Months 13,589.23 15.45 4,116.70 13.18
6 Months 8,902.56 76.22 2,762.50 68.66
1 Year 14,564.53 7.72 4,360.00 6.87
Sensex : Ended with green SIGNAL
Posted by ARPIT at Tuesday, August 25, 2009
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