Friday, September 4, 2009

RTODAYS MARKET ZOOM SMARTLY



Markets snapped the four-day losing streak and closed with nearly 2% gains on the last trading day of the week. Sensex gained 290 points to close at 15689, while Nifty finished at 4680, up 87 points. Today was the day of large-caps as depicted by performance of Mid-cap and Small-cap indices, which gained 1.1% each. On weekly basis Sensex and Nifty are down 1.5% and 1.1% respectively. BSE Auto index surged 4.5% over the week, becoming the top gainer among the sectoral indices, followed by Realty index, which gained 0.2%. Capital Goods index and Power indices lost the most, shedding 2.6% and 2.3% respectively. European markets were up about 1%, while US stock indices futures were up nearly 0.5%, ahead of eagerly awaited monthly US jobs data and unemployment rate.
All the BSE sectoral indices finished in green for the day. Auto and Metal indices were the top gainers, putting on 2.9% and 2.8% respectively. M & M gained the most among the Sensex stocks, climbing 6.2%, followed by Hero Honda, which gained 4.2%. Tata Motors and TCS were the only losers, down 0.3% and 0.2% respectively. BSE advance-decline ratio stood at 1.4:1.

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