Tuesday, September 29, 2009

MARKET VIEW 29.09.2009



After a gap up opening, markets traded in a narrow range throughout the day and closed with a gain of nearly a percent. Sensex was up 160 points at 16852, while Nifty ended at 5007, up 48 points. BSE Mid-cap and Small-cap indices gained 0.6% and 0.9% respectively. Turnover at Rs. 65365 cr. was however nearly 21% lower than that of Friday. European markets were down about one third of a percent on the back of weakness in commodity shares. US stock indices futures too were marginally in the red.
All the sectoral indices, except BSE Realty index, which lost 0.7%, closed in green. IT and Healthcare indices gained the most, putting on 2.3% and 1.6% respectively. Sun Pharma surged 6%, becoming the top gainer among the Sensex stocks, followed by TCS, which gained 4%. SBI and Grasim lost the most, shedding 2.3% and 1.6% respectively

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