Value buying and short covering pushed the Indian stock market indices to close in positive territory, ignoring disappointing IIP (Index for Industrial Production) numbers and higher retail inflation numbers. Investors bought fundamentally strong stocks available at attractive lower levels after the recent fall in the market. This helped the market to snap its eight-day losing streak.
The IIP for the month of December 2012 came in at 179.3, which is 0.6 % lower as compared to the level in the month of December 2011. The CPI (Consumer Price Inflation) data continued to rise for fourth straight month. The index remained in double digit rising up to 10.79% for the month of January as compared to 10.56% in the month of December.
The 30-share BSE Sensex gained 100.47 points to close at 19561.04. The Sensex surged to a day's high of 19583 and a fell to a day's low of 19438. It opened at 19489. The 50-share NSE Nifty gained 24.65 points, to end at 5922.50. Nifty touched a day's high of 5927 and a day's low of 5886. It opened at 5894.
Of the 50-share Nifty pack 32 stocks ended with gains while the rest 18 stocks closed with loses. The top 5 gainers among NSE stocks were: ONGC surging by 3.78 %, followed by Sun Pharma (2.98 %), HCL Tech (2.88 %), Tata Motors (2.63 %) and Coal India (1.96). The top 5 losers among NSE socks are: Jindal Steel (3.34 %), IDFC (1.68 %), ACC (1.50 %), DLF (1.46 %) and Infosys (1.32 %).
Of the 30 shares of BSE index components, 18 stocks gained led by Energy, healthcare and PSU stocks counters. However, realty sector witnessed a sharp fall. Top 5 gainers in BSE Sensex stocks were: ONGC surging by 3.81 %, followed by Sun Pharma (2.84 %), Tata Motors (2.65 %), Coal India (1.86) and Bharti Airtel (1.79 %). The top 5 losers of the Sensex pack were: Jindal Steel (3.35 %), Sterlite Inds. (1.31 %), Infosys (1.31 %), Tata Power (0.79 %) and Cipla (0.48 %).
Both BSE Mid Cap index declined 0.31%, while the BSE Small Cap indices were down by 0.51%. Among the 13 sectoral indices in BSE, eight sectors closed with gains, while five sectors closed with losses. The top three gaining sectors were: BSE Oil&Gas up by 1.52 %, BSE HC up by 1.19 % and BSE PSU up by 1.15 %. The top three loosing sectors were: BSE Realty down by 3.96 %, BSE IT down by 0.63 % and BSE Metal down by 0.35 %.
The market breadth stood negative. Of the 2938 stocks traded on the BSE, 864 (29.41%) rose, 1289 (43.87%) fell and 785 (26.72%) stocks remained unchanged.
Some of the Asian markets remained closed today. But those opened ended with gains. Hang Seng index in Hong Kong, Straits Times and Shanghai Composite index in China remained closed today. However Japan’s Nikkei posted smart gains and ended up by 1.94 %. Jakarta Composite was up by 1.00 % and Taiwan SE Weighted Index was up by 0.25 %. Only KOSPI Index lost 0.26 %.
European markets are all trading in positive territory. FTSE index in UK is up by 0.98 %, the CAC index in France is up by 0.99 %. AEX Amsterdam Index is up by 0.35 % and DAX index in Germany is up by 0.35 %. Markets in the U.S are trading up and are all set to close in positive territory. Dow Jones Industrial Average is trading up by 0.35 %, while the Nasdaq Composite Index is up by 0.03 %.
Thus the broad outlook for tomorrow’s Indian market is positive. Market will open in green zone and will remain volatile. But if WPI (Wholesale Price Index) numbers satisfies the market, under all likelihood the market will post smart gains. Even Foreign institutional investors bought shares worth a net Rs 995.83 crore yesterday as per provisional data from the stock exchanges, indicating the strong base of the market.
The IIP for the month of December 2012 came in at 179.3, which is 0.6 % lower as compared to the level in the month of December 2011. The CPI (Consumer Price Inflation) data continued to rise for fourth straight month. The index remained in double digit rising up to 10.79% for the month of January as compared to 10.56% in the month of December.
The 30-share BSE Sensex gained 100.47 points to close at 19561.04. The Sensex surged to a day's high of 19583 and a fell to a day's low of 19438. It opened at 19489. The 50-share NSE Nifty gained 24.65 points, to end at 5922.50. Nifty touched a day's high of 5927 and a day's low of 5886. It opened at 5894.
Of the 50-share Nifty pack 32 stocks ended with gains while the rest 18 stocks closed with loses. The top 5 gainers among NSE stocks were: ONGC surging by 3.78 %, followed by Sun Pharma (2.98 %), HCL Tech (2.88 %), Tata Motors (2.63 %) and Coal India (1.96). The top 5 losers among NSE socks are: Jindal Steel (3.34 %), IDFC (1.68 %), ACC (1.50 %), DLF (1.46 %) and Infosys (1.32 %).
Of the 30 shares of BSE index components, 18 stocks gained led by Energy, healthcare and PSU stocks counters. However, realty sector witnessed a sharp fall. Top 5 gainers in BSE Sensex stocks were: ONGC surging by 3.81 %, followed by Sun Pharma (2.84 %), Tata Motors (2.65 %), Coal India (1.86) and Bharti Airtel (1.79 %). The top 5 losers of the Sensex pack were: Jindal Steel (3.35 %), Sterlite Inds. (1.31 %), Infosys (1.31 %), Tata Power (0.79 %) and Cipla (0.48 %).
Both BSE Mid Cap index declined 0.31%, while the BSE Small Cap indices were down by 0.51%. Among the 13 sectoral indices in BSE, eight sectors closed with gains, while five sectors closed with losses. The top three gaining sectors were: BSE Oil&Gas up by 1.52 %, BSE HC up by 1.19 % and BSE PSU up by 1.15 %. The top three loosing sectors were: BSE Realty down by 3.96 %, BSE IT down by 0.63 % and BSE Metal down by 0.35 %.
The market breadth stood negative. Of the 2938 stocks traded on the BSE, 864 (29.41%) rose, 1289 (43.87%) fell and 785 (26.72%) stocks remained unchanged.
Market outlook for tomorrow
Some of the Asian markets remained closed today. But those opened ended with gains. Hang Seng index in Hong Kong, Straits Times and Shanghai Composite index in China remained closed today. However Japan’s Nikkei posted smart gains and ended up by 1.94 %. Jakarta Composite was up by 1.00 % and Taiwan SE Weighted Index was up by 0.25 %. Only KOSPI Index lost 0.26 %.
European markets are all trading in positive territory. FTSE index in UK is up by 0.98 %, the CAC index in France is up by 0.99 %. AEX Amsterdam Index is up by 0.35 % and DAX index in Germany is up by 0.35 %. Markets in the U.S are trading up and are all set to close in positive territory. Dow Jones Industrial Average is trading up by 0.35 %, while the Nasdaq Composite Index is up by 0.03 %.
Thus the broad outlook for tomorrow’s Indian market is positive. Market will open in green zone and will remain volatile. But if WPI (Wholesale Price Index) numbers satisfies the market, under all likelihood the market will post smart gains. Even Foreign institutional investors bought shares worth a net Rs 995.83 crore yesterday as per provisional data from the stock exchanges, indicating the strong base of the market.
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