Lacklustre session: Here are today's top losers/gainers

It was an unremarkable session for the market. A handful names like SAIL and BHEL in the PSU lot. NTPC and L&T had a good session moving up to Rs 1730. A few of the banks like Axis Banks and HDFC did not look too bad. TCS and Reliance were quite stable but nothing to be worth excited about.

Oil stocks were weak because OPEC did not raise output. That saw crude moving up to USD 118 and had a bit of an impact on ONGC and BPCL because the EGoM has been deferred. Reliance Communications, State Bank of India and JP Associates were some of the other names which looked sideways and lackluster.
The breadth was not great. By the end of it, we had more declining stocks compared to advancing. Volumes were extremely thin, grinding above Rs 80,000 crore. Cash market volumes have dropped off significantly.
A handful of stocks like Future Ventures, Patel Engineering, Idea Cellular, HOEC, IRB, India Infoline and Educomp held out. On the way down, HCL Infosys stood out because of the CBI charges on the Common Wealth fraud case. The management has still not clarified its stand and the stock was down 7%.
Other notable losers Exide, Kingfisher, S Kumars, Mahindra Satyam and Jain Irrigation closed quite sluggish. Otherwise, this session would be easily forgotten because we treaded on water today.