Though Indian equity market started trading on a positive note, but could not maintain the gains till the end and closed in the red zone. The markets slipped further during the last half hour of trade, mainly due to F&O settlement which expires today and lack of investor participation. The key Indian stock indices kept swinging between gains and losses throughout the day, oscillating on both the sides of equator within a narrow range. However the highlight of today’s market was the record F&O turnover as volumes surpass 4.2 trillion Indian rupees. The previous highest turnover was 3920 bn Indian rupees. Analysts opined that unwinding of the long contracts accounts for such huge turnover.
The BSE Sensex closed the day at 19323.80, down by 93.66 points, however it opened at 19479. It had earlier touched a day's high of 19504 and a day's low of 19302. On the other hand, the NSE Nifty closed the day at 5870.10, down by 35.50 points, however it opened at 5930. It earlier touched a day’s high of 5,930 and a day’s low of 5864.
All the sectoral indices closed in the red zone except BSE PSU and Auto which closed higher by 0.09%. Top losers are, BSE IT down by 0.77%, BSE Oil&Gas down by 0.69% and BSE Metal slipping by 0.65%. Even the BSE Mid-Cap and the Small-Cap index lost 0.5% and 0.75% respectively.
The market breadth stood in favor of declines. Of the 3026 stocks traded on the BSE, 1228 (40.588%) rose, 1664 (54.99%) fell and 134 (4.43%) stocks remained unchanged.
Bharti Airtel, Tata Motors, ONGC, Dr Reddys Lab, Maruti Suzuki and Tata Steel were among gainers in Sensex and Nifty. While, share prices of RIL, TCS, Infosys, Wipro, NTPC, Sun Pharma, BHEL, HDFC , SBI, ICICI Bank, Hero MotoCorp, ONGC, Bajaj Auto, Coal India, M&M, HUL and ITC were among losers in Sensex and Nifty.
Asian stock markets surged today, (December 27, 2012) amid caution as US lawmakers prepared to resume negotiations to avoid a fiscal crunch by December 31. The Nikkei index of Japan was up 1%, Hang Seng index in Hong Kong rose by 0.35%, the Straits Times edged higher by 0.15%, the Kospi index rose 0.26% and Taiwan index added 0.2%. Only the Shanghai Composite index in China ended lower by 0.60%.
European shares are steady and the euro edged higher on Thursday, as US lawmakers prepared to resume negotiations to avoid a fiscal crunch. The FTSE index in UK was up 0.2%, the CAC index in France added 0.62% and the DAX index in Germany rose by 0.20%. Even,US stock index futures pointed towards a steady opening at the Wall Street on Thursday.
All the sectoral indices closed in the red zone except BSE PSU and Auto which closed higher by 0.09%. Top losers are, BSE IT down by 0.77%, BSE Oil&Gas down by 0.69% and BSE Metal slipping by 0.65%. Even the BSE Mid-Cap and the Small-Cap index lost 0.5% and 0.75% respectively.
The market breadth stood in favor of declines. Of the 3026 stocks traded on the BSE, 1228 (40.588%) rose, 1664 (54.99%) fell and 134 (4.43%) stocks remained unchanged.
Bharti Airtel, Tata Motors, ONGC, Dr Reddys Lab, Maruti Suzuki and Tata Steel were among gainers in Sensex and Nifty. While, share prices of RIL, TCS, Infosys, Wipro, NTPC, Sun Pharma, BHEL, HDFC , SBI, ICICI Bank, Hero MotoCorp, ONGC, Bajaj Auto, Coal India, M&M, HUL and ITC were among losers in Sensex and Nifty.
Asian stock markets surged today, (December 27, 2012) amid caution as US lawmakers prepared to resume negotiations to avoid a fiscal crunch by December 31. The Nikkei index of Japan was up 1%, Hang Seng index in Hong Kong rose by 0.35%, the Straits Times edged higher by 0.15%, the Kospi index rose 0.26% and Taiwan index added 0.2%. Only the Shanghai Composite index in China ended lower by 0.60%.
European shares are steady and the euro edged higher on Thursday, as US lawmakers prepared to resume negotiations to avoid a fiscal crunch. The FTSE index in UK was up 0.2%, the CAC index in France added 0.62% and the DAX index in Germany rose by 0.20%. Even,US stock index futures pointed towards a steady opening at the Wall Street on Thursday.
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