SENSEX 16692.00 90.80
NIFTY 4985.85 33.25
NASDAQ 2176.05 6.87
DJIA 10426.31 -11.11
RS/$ 46.25 -0.16
Equity benchmarks ended a lacklustre session with positive bias Tuesday due to lack of buying activity ahead of Christmas holiday later this week.
Markets opened higher in line with Asian peers and turned rangebound. According to dealers, frontline stocks were subdued as it was time for some FIIs to book profits ahead of end of calendar year 2009. Positive cues from the global markets were overlooked.
NIFTY 4985.85 33.25
NASDAQ 2176.05 6.87
DJIA 10426.31 -11.11
RS/$ 46.25 -0.16
Equity benchmarks ended a lacklustre session with positive bias Tuesday due to lack of buying activity ahead of Christmas holiday later this week.
Markets opened higher in line with Asian peers and turned rangebound. According to dealers, frontline stocks were subdued as it was time for some FIIs to book profits ahead of end of calendar year 2009. Positive cues from the global markets were overlooked.
National Stock Exchange’s Nifty closed at 4985.85, up 33.25 points 0.67 per cent. The broader index touched a high of 4997.30 and low of 4953.35. Bombay Stock Exchange’s Sensex ended at 16,692, up 90.80 points or 0.55 per cent. The 30-share index hit a high of 16738.12 and low of 16633.81.
Sensex has been moving in a narrow range of 16600-17300. It needs to break out on huge volume for further direction. Trade has been choppy and carryovers are not great suggesting that rollovers will be a low key affair,” BSE Midcap Index was up 0.78 per cent and BSE Smallcap Index moved 0.99 per cent higher. Amongst the the sectoral indices, BSE Metal Index was up 2.87 per cent, BSE Realty Index gained 1.51 per cent and BSE Bankex moved 1.16 per cent higher. BSE IT Index was down 0.35 per cent ans BSE Healthcare Index edged 0.17 per cent lower. Sectorwise rotation will continue. Banking stocks are in oversold territory and a bounce back is expected. Stock wise, SAIL and Tata Steel should do well in coming days,” Vaid said. SAIL (7.41%), Suzlon Energy (4.76%), Tata Steel (4.25%), Hindalco Industries (4.08%) and Bharti Airtel (3.68%) were amongst the top Nifty gainers.
ACC (-2.28%), ONGC (-1.23%), Grasim (-1.20%), TCS (-1.16%) and Jaiprakash Associates (-0.84%) were amongst the losers.
Market breadth was positive on the BSE with 1694 advances and 1107 declines. European markets were in the green led by banks and US markets were also expected to open higher. At 4:50 pm IST, Dow Jones stock futures was up 0.37 per cent, S&P 500 moved 0.39 per cent higher and NASDAQ 100 gained 0.58 per cent.
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