Indian stock market was flat without volumes ahead of Christmas holiday tomorrow and expiry of derivative contracts on December 27. Despite opening with a positive gap market turned choppy as in late trading session as investors were making adjustments ahead of December expiry on Thursday. Indian stock market seems to have adopted a wait-and-watch policy and await the outcome of the U.S. fiscal cliff crisis.
After trading in a tight 110-point range, the benchmark BSE Sensex closed 13.09 points (0.07%) higher at 19255.09, snapping a two-session of falling trend where it had lost 234 points. It had earlier touched a day's high of 19347 and a day's low of 19237. It opened at 19278. The broader NSE Nifty rose by 8.05 points (0.14%) to close at 5855.75 points. It earlier touched a day’s high of 5871 and a day’s low of 5844. It opened at 5869.
Though the total turnover dropped sharply to Rs 1,646.65 crore against Rs 2,226.13 crore last Friday, the total market breadth was slightly better as 1,449 stocks closed with gains while 1,430 finished with losses. 156 stocks remained unchanged.
12 out of 30 shares that constitute the BSE Sensex closed higher. Tata Motors was the top gainer with a rise of 2.44 %, followed by Wipro (1.78 %), Sun Pharma (1.46 %), Infosys (1.15 %), Tata Power (1.09 %), Bajaj Auto (0.84 %). Among losers, Jindal Steel declined by 1.93 %, followed by ONGC (1.88 %), Maruti Suzuki (1.60 %) and Sterlite Industries (1.50 %). RIL also lost marginally by 0.36 %.
Among the 13 sectoral indices, six sectors closed in green zone while remaining seven sectors closed in red zone. Top gainers were BSE TECk up by 0.95%, BSE Realty rose by 0.91% and BSE IT surged by 0.87%. Top losers include BSE Metal down by 0.53%; BSE Oil & Gas fell by 0.43%, BSE CD declined by 0.16%.
Turning towards Asia, markets in most of the Asian countries, ended with narrow gains. Key benchmark indices in China, Hong Kong, Singapore and South Korea inched up by 0.07-0.27 per cent while Taiwan's Weighted index eased by 0.06 per cent. The Japanese market was closed today. European stocks were trading dull in afternoon trades. In Europe, the UK's FTSE was trading 0.28 per cent up while France's CAC eased by 0.09 per cent. The German stock market remained closed today.
Though the total turnover dropped sharply to Rs 1,646.65 crore against Rs 2,226.13 crore last Friday, the total market breadth was slightly better as 1,449 stocks closed with gains while 1,430 finished with losses. 156 stocks remained unchanged.
12 out of 30 shares that constitute the BSE Sensex closed higher. Tata Motors was the top gainer with a rise of 2.44 %, followed by Wipro (1.78 %), Sun Pharma (1.46 %), Infosys (1.15 %), Tata Power (1.09 %), Bajaj Auto (0.84 %). Among losers, Jindal Steel declined by 1.93 %, followed by ONGC (1.88 %), Maruti Suzuki (1.60 %) and Sterlite Industries (1.50 %). RIL also lost marginally by 0.36 %.
Among the 13 sectoral indices, six sectors closed in green zone while remaining seven sectors closed in red zone. Top gainers were BSE TECk up by 0.95%, BSE Realty rose by 0.91% and BSE IT surged by 0.87%. Top losers include BSE Metal down by 0.53%; BSE Oil & Gas fell by 0.43%, BSE CD declined by 0.16%.
Turning towards Asia, markets in most of the Asian countries, ended with narrow gains. Key benchmark indices in China, Hong Kong, Singapore and South Korea inched up by 0.07-0.27 per cent while Taiwan's Weighted index eased by 0.06 per cent. The Japanese market was closed today. European stocks were trading dull in afternoon trades. In Europe, the UK's FTSE was trading 0.28 per cent up while France's CAC eased by 0.09 per cent. The German stock market remained closed today.
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