makin97 NSETIPS @ RAKESH MAKIN: MARKET ENDED 26.08.2010 THURSDAY

Thursday, August 26, 2010

MARKET ENDED 26.08.2010 THURSDAY

WERE NIFTY GAINERS

MARKET ENDED 26.08.2010 THURSDAY

SENSEX 18226.35 +46.71

NIFTY 5477.90 +15.55

NASDAQ 2141.54 +17.78

DJIA 10060.06 +19.61

RS/$ 46.79 -0.14

Equities ended a lacklustre session with modest gains Thursday, as traders settled positions on the last day of August F&O series. FMCG, power and banks ended in the green while oil & gas, realty and pharma dragged. Positive European markets also helped the indices snap a two-day losing streak.

National Stock Exchange’s Nifty ended at 5477.90, up 15.55 points or 0.28 per cent. The index touched a low of 5454.70 and high of 5486.55 in today’s trade.

Bombay Stock Exchange’s Sensex closed at 18226.35, up 46.71 points or 0.26 per cent. The index touched intraday high of 18261.05 and low of 18159.13.
In the near term, Nifty is likely to move between 5400 and 5600. As no fresh triggers are seen in global and domestic markets, traders must sell calls as well as put options to maximize returns on decay of time value.
The BSE Midcap Index was down 0.09 per cent and BSE Smallcap Index moved up 0.08 per cent.
Amongst sectors, BSE FMCG Index was up 1.16 per cent and BSE Power Index moved 0.89 per cent higher. BSE Oil&Gas Index slipped 0.61 per cent and BSE Realty Index was down 0.50 per cent.
NTPC (2.55%), ITC (2.18%), ABB (1.96%), DLF (1.96%) and Power Grid (1.80%) were among the top Nifty gainers.
Suzlon Energy (-2.82%), Idea (-2.13%), Reliance Power (-1.87%), Reliance Communications (-1.87%) and Sun Pharma (-1.65%) led the decline.
Market breadth was negative on the NSE with 1,750 declines against 1,483 advances.