SENSEX 15454.92 -89.01
NIFTY 4624.30 -21.95
USD/INR 0053.30 +00.29
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UPDATEDTIME 09.28 PM 30 DECEMBER 2011
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As the last
closing-bell of 2011 was banged on the stock market, its barometer Sensex took
a final knock of 89 points on Friday and ended the year with a total tally of
over 5,000 points or a loss of about 25 per cent, the second-worst annual
performance in its history.
The total investor wealth, measured in terms of value of all listed stocks in the country, also fell by about Rs 19,46,000 crore during 2011, thus erasing all the gains registered in the previous year 2010.
As has been the case for most part 2011, Reliance Industries Ltd (RIL) was the biggest contributor in today's fall, which saw the stock market benchmark Sensex closing at 15454.92 points for the year.
Incidentally, Reliance Industries today itself lost its position of the country's most valued company to Tata group's software company TCS, thus adding to the concerns that the polyster-to-energy-to-retail conglomerate was fast losing its charm among the stock investors.
A continuing downslide in the banking stocks, largely on concerns about rising bad debts due to a slowdown in economic growth, and apprehensions that the corporate profitability being hit due to increased interest rates and rising input costs also added to the market woes.
As a result, the Sensex fell by a total 5,054.17 points or 24.64 per cent in the entire 2011. In comparison, the index had gained 3,044 points (17 per cent) in the previous year 2010 and by even a wider margin of 7,817 points (81 per cent) in 2009.
The only bigger loss was witnessed during the year 2008, when the Sensex had dropped 52.4 per cent or more than 10,600 points amid a major global financial crisis.
The problems in global economy was seen as a major reason for the downslide in 2011 also, but concerns about domestic economic growth, a perceived notion of policy paralysis and slowdown in corporate sector added to the concerns towards the year-end.
While December has historically been a strong month with some year-end rallies being witnessed traditionally, the situation has been different this time around. The markets today fell for the fourth consecutive day, while the indices have plunged for a majority of trading sessions this month.
As a result, the stock market has ended 2011 with a total investor wealth of Rs 53,48,644.8 crore, the lowest year-end level since 2008.
In the US dollar terms, the Indian stock market's size barely managed to retain the trillion-dollar tag at the end of the year, after briefly moving out of this elite league earlier this month. At the end of today's trade, the market size was ... trillion dollars, just .. per cent away from the mark.
The total investor wealth, measured in terms of value of all listed stocks in the country, also fell by about Rs 19,46,000 crore during 2011, thus erasing all the gains registered in the previous year 2010.
As has been the case for most part 2011, Reliance Industries Ltd (RIL) was the biggest contributor in today's fall, which saw the stock market benchmark Sensex closing at 15454.92 points for the year.
Incidentally, Reliance Industries today itself lost its position of the country's most valued company to Tata group's software company TCS, thus adding to the concerns that the polyster-to-energy-to-retail conglomerate was fast losing its charm among the stock investors.
A continuing downslide in the banking stocks, largely on concerns about rising bad debts due to a slowdown in economic growth, and apprehensions that the corporate profitability being hit due to increased interest rates and rising input costs also added to the market woes.
As a result, the Sensex fell by a total 5,054.17 points or 24.64 per cent in the entire 2011. In comparison, the index had gained 3,044 points (17 per cent) in the previous year 2010 and by even a wider margin of 7,817 points (81 per cent) in 2009.
The only bigger loss was witnessed during the year 2008, when the Sensex had dropped 52.4 per cent or more than 10,600 points amid a major global financial crisis.
The problems in global economy was seen as a major reason for the downslide in 2011 also, but concerns about domestic economic growth, a perceived notion of policy paralysis and slowdown in corporate sector added to the concerns towards the year-end.
While December has historically been a strong month with some year-end rallies being witnessed traditionally, the situation has been different this time around. The markets today fell for the fourth consecutive day, while the indices have plunged for a majority of trading sessions this month.
As a result, the stock market has ended 2011 with a total investor wealth of Rs 53,48,644.8 crore, the lowest year-end level since 2008.
In the US dollar terms, the Indian stock market's size barely managed to retain the trillion-dollar tag at the end of the year, after briefly moving out of this elite league earlier this month. At the end of today's trade, the market size was ... trillion dollars, just .. per cent away from the mark.
The Sensex
closed at 15454.92, down 89.01 points or 0.57 per cent. The 30-share index
touched intraday low of 15406.93 and high of 15694.05.
The National Stock Exchange's Nifty ended at 4624.30, down 21.95 points or 0.47 per cent. The broader index touched a high of 4690.45 and low of 4608.90 in trade today.
BSE Midcap Index was up 0.31 per cent and BSE Smallcap Index moved 0.09 per cent higher.
Amongst the sectoral indices, BSE Oil&gas Index was down 1.47 per cent, BSE Realty Index declined 1.10 per cent, BSE Bankex slipped 0.73 per cent and BSE Metal Index was 0.68 per cent lower. BSE Healthcare Index was up 0.45 per cent and BSE IT Index edged 0.37 per cent higher.
Reliance Industries (-2.81%), Jindal Steel (-2.07%), DLF (-2.01%), Tata Steel (-2%) and Tata Power (-1.52%) were the major Sensex losers.
Recently, JM Financial downgraded Reliance Industries to 'Hold' from 'Buy'. The company's target price has been slashed to Rs 850 from an earlier one of Rs 1,015, for a 12-month period citing a reduction in refining margins and lower than expected exploration & production volumes from KG D6 Basin. The stock slipped below Rs 700 mark for the first time since April 2007.
Infosys Technologies (0.78%), Coal India (0.72%), BHEL (0.67%), Bharti Airtel (0.29%) and ITC (0.17%) were amongst the major gainers.
Market breadth was negative on the BSE with 1327 gainers against 1451 losers.
The National Stock Exchange's Nifty ended at 4624.30, down 21.95 points or 0.47 per cent. The broader index touched a high of 4690.45 and low of 4608.90 in trade today.
BSE Midcap Index was up 0.31 per cent and BSE Smallcap Index moved 0.09 per cent higher.
Amongst the sectoral indices, BSE Oil&gas Index was down 1.47 per cent, BSE Realty Index declined 1.10 per cent, BSE Bankex slipped 0.73 per cent and BSE Metal Index was 0.68 per cent lower. BSE Healthcare Index was up 0.45 per cent and BSE IT Index edged 0.37 per cent higher.
Reliance Industries (-2.81%), Jindal Steel (-2.07%), DLF (-2.01%), Tata Steel (-2%) and Tata Power (-1.52%) were the major Sensex losers.
Recently, JM Financial downgraded Reliance Industries to 'Hold' from 'Buy'. The company's target price has been slashed to Rs 850 from an earlier one of Rs 1,015, for a 12-month period citing a reduction in refining margins and lower than expected exploration & production volumes from KG D6 Basin. The stock slipped below Rs 700 mark for the first time since April 2007.
Infosys Technologies (0.78%), Coal India (0.72%), BHEL (0.67%), Bharti Airtel (0.29%) and ITC (0.17%) were amongst the major gainers.
Market breadth was negative on the BSE with 1327 gainers against 1451 losers.
Regards
RAKESH MAKIN
+91,
9041667797(DIRECT), 9915684997
OFF
0172-4657997
PANCHKULA (Haryana).
Email:makin_97@yahoo.com
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