MARKET ENDED 22.02.2010 MONDAY

SENSEX BIGGERS MOVERS



MARKET ENDED 22.02.2010 MONDAY
SENSEX 16237.05 +45.42
NIFTY 4856.40 +11.05
NASDAQ 2243.87 +2.16
DJIA 10402.35 +9.45
RS/$ 46.47 -0.25
Indian markets ended with only modest gains on Monday, after rising smartly earlier in the session. Traders booked profits following subdued opening of European markets. According to dealers, the Union Budget and expiry of the F&O February series later this week is likely to turn the market volatile.
Indices opened on a firm note mirroring gains of Asian peers and consolidated at higher levels helped by gains in metals, IT and auto space. However, selling pressure intensified in the afternoon taking its toll on broader markets. Realty, PSU and pharma stocks ended with losses.
Bombay Stock Exchange’s Sensex ended at 16,237.05, up 45.42 points or 0.28 per cent. The 30-share index hit intraday high of 16423.23 and low of 16191.32.
National Stock Exchange’s Nifty closed at 4856.40, up 11.5 points or 0.24 per cent. The index touched a high of 4912.05 and low of 4845.90 in today’s trade.
On the higher side, two important hurdles to watch out for are 4920-4960 (Short Term Moving average on Daily & Weekly charts) and 5020 (short term EMA on daily charts) levels of Nifty. Derivatives expiry combined with Railway and Union budgets will see markets turning extremely volatile. Naturally, this week is going to be most eventful for market participants.

Foreign fund flows will continue to play an important role in directing the course of our markets.
The BSE Midcap Index ended down 0.59 per cent and BSE Small cap Index moved lower by 1.05 per cent.
Amongst the sect oral indices, BSE Realty Index slipped 1.77 per cent, BSE Healthcare Index declined 0.68 per cent and BSE PSU Index edged 0.46 per cent lower. BSE IT Index was up 1.01 per cent and BSE Metal Index gained 0.68 per cent.
Biggest Sensex gainers were Hindalco Industries (3.1%), Tata Steel (2.18%), Hero Honda (1.71%), Hindustan Unilever (1.6%) and Jindal Steel (1.59%).
Shree Renuka Sugars on Sunday said it had bought Brazilian company Equipav SA Acucare Alcool for Rs 1,530 crore to strengthen its presence in the world market. This saw the company’s share ended 3.92 per cent higher on the NSE.
Anil Ambani-led Reliance MediaWorks on Sunday made a public offer to buy an additional 52.48% in multiplex chain operator Fame India for about Rs 180.14 crore, countering the takeover bid by rival Inox Leisure. Shares of Fame India closed 5.04 per cent higher while Reliance Media Works ended 1.39 per cent lower.
Idea Cellular (-4.03%), Unitech (-2.78%), DLF (-2.78%), Grasim Industries (-1.75%) and Reliance Infrastructure (-1.71%) ended with losses.
Market breadth remained positive on BSE with 1,927 advances against 906 declines.
European markets were moving in a narrow range with positive bias and the US stock futures indicated a firm opening. At 4:30 pm IST, Dow Jones stock futures was up 0.22 per cent, S&P 500 stock futures moved 0.25 per cent higher and NASDAQ 100 gained 0.36 per cent.