stock market daily closing report (December 17, 2009)
By : maruthu
The Indian markets ended flat after a volatile session. Global indices in Asia and Europe were also down by about 1% or less. The Sensex closed at 16,894 down 19 points after seeing consolidation in the range of 16,979 – 16,826. The Nifty shut at 5,042 down 1 point after touching an intra-day high of 5,063. The breadth was strong and the total turnover was at Rs 91,434 cr. The BSE small cap index rose 0.9 % and BSE midcap index ended 1 % higher. Buying was seen in IT, FMCG, pharma and banking stocks. While reality and oil & gas stocks remained under selling pressure. The Dec Nifty future ended with 10 points discount.
Food prices for the week ended Dec 5 were up 19.95% since last year versus 19.05% week on week. Primary articles were costlier by 14.98% versus 13.9% week on week.
The BSE consumer durables index was up 1.7 %. Hind Lever was up 1.9% and Titan Ind up 4%.
The BSE pharma index rose 1.4 %. Natco pharma gained 6.6 % and Cipla closed 3.5 % higher. FKONCO up 6.5% and Glenmark were up 2.8%.
The IT index also finished 0.8 % higher. Led by gains in HCL Tech up 4%, Tech Mahindra up 1.4% and TCS up 1.3%, Polaris Soft were up 1.6%.
The BSE realty index lost over 1 %. DLF fell 3.7 % and Unitech was down 2.2 % while HDIL surged 4%.
Among the oil & gas stocks, BPCL, IOC, RIL and HPCL shed over 1 % each.
In the midcap space, Gammon India, Prakash Ind, MRF and Pantaloon Retail were up 8-10% while in the small space Ador Welding, Rain Commodities, Greaves Cotton and Century Enka went up 7-9.6%
In the Sensex pack, DLF was the top loser down 3.7 % to Rs 365. L&T fell 1.3 %. Reliance Ind also closed at Rs 1,034 down 1.2 %.
JP Associates was the biggest gainer. The stock ended up 3 % at Rs 149.
