makin97 NSETIPS @ RAKESH MAKIN: MARKET ENDED 25.01.2011TUESDAY

were todays gainers

MARKET ENDED 25.01.2010 TUESDAY

SENSEX 18969.45 -181.83

NIFTY 5687.40 -88.85

NASDAQ 2141.54 +17.78

DJIA 10060.06 +19.61

UPDATEDTIME 09.28 PM 02 NOV 2010

Indian markets ended in the negative territory as traders booked profits ahead of January series F&O expiry. Rate sensitive sectors like banks and realty were under pressure after Reserve Bank of India raised repo rate and reverse repo rate by 25 basis points to 6.25 per cent and to 5.5 per cent respectively while the CRR was left unchanged.
The GDP growth forecast has been retained at 8.5 per cent with upward bias while WPI inflation forecast has been raised to 7 per cent for FY11.

RBI has maintained that although inflationary tendencies are submissive in the advanced economies, inflationary pressures in emerging market economies have intensified due to sharp increases in food, energy and commodity prices.
Going forward, RBI has revised its year end inflation target from 5.5% to 7% and has also indicated further measures will be taken to control inflation in the coming period. We expect that this will have a negative impact on the banking sector and the sectors related to it which includes auto, IT, real estate and infrastructure in the near term,” said Nirmal Bang report.

Bombay Stock Exchange’s Sensex closed at 18969.45, down 181.83 points or 0.95 per cent. The 30-share index touched a high of 19340.99 and low of 18949.44 intraday.

National Stock Exchange’s Nifty ended at 5687.40, down 55.85 points or 0.97 per cent. The 50-share index touched a low of 5680.65 and high of 5801 in today’s trade.

BSE Midcap Index was down 0.41 per cent and BSE Smallcap Index moved 0.35 per cent lower.

Amongst the sectoral indices BSE Bankex was down 2.34 per cent BSE Realty Index was slipped 1.20 per cent and BSE Auto Index declined 1.05 per cent.

Nifty losers included Hindustan Unilever (-5.69%), ICICI Bank (-4.09%), HDFC Bank (-2.96%), Dr Reddy’s Laboratories (-2.88%) and M&M (-2.73%).

Hindustan Unilever standalone net profit slipped to Rs 637.51 crores against Rs 649.11 crores in the same quarter a year ago. Net sales rose to Rs 5027.01 crores from Rs 4504.26 crores.

BPCL (4.79%), GAIL (3.11%), Siemens (2.86%), NTPC (2.21%) and Hero Honda (2.05%) were amongst the top gainers.

Market breadth was negative on the NSE with 1688 losers as compared to 1211 gainers. Regards