Dull session keeps Nifty in no man's land
After a 330 points fall, the BSE benchmark index Sensex took a breather today and consolidated around the 18000 mark for most part of the day.
After a 330 points fall, the BSE benchmark index Sensex took a breather today and consolidated around the 18000 mark for most part of the day.
The dollar held firm on Tuesday and stocks in Asia steadied but the euro remained on the defensive on worries that the euro zone's debt crisis was deepening and could spread to heavyweights such as Spain.The Sensex shut shop at 18011.97 up 18.64 points or 0.10% and the Nifty closed at 5398.70 up 12.15 points or 0.23%. About 1382 shares advanced, 1437 shares declined, and 823 shares remain unchanged.Capital goods, consumer durables and selective buying in banks and oil&gas stocks managed Nifty to close in green territory. FMCG and realty stocks received thrashing today. Sensex gainers: L&T at Rs 1,641.10 up 1.75%, Cipla at Rs 314.55 up 1.62%, Hero Honda at Rs 1,812.05 up 1.33%, ICICI Bank at Rs 1,019.35 up 1.27% and Tata Steel at Rs 566.20 up 1.24%.Sensex losers: Reliance Infra at Rs 537.85 down 1.88%, DLF at Rs 218.95 down 1.84%, ITC at Rs 187.30 down 1.45%, SBI at Rs 2,221.60 down 1.39% and TCS at Rs 1,151.60 down 1.07%.The most active shares on NSE were SBI, L&T, BHEL, Tata Steel and Infosys.Midcap gainers: TTK Prestige, Patni Computer, S Kumars Nation, Shree Global Tr and Kwality Dairy were up 5-11%Midcap losers: DB Realty, Bharat Forge, Shriram City, Gammon India and Guj NRE Coke were down 4-8%.Smallcap gainers: Smartlink Net, Kama Holdings, Nucleus Software, Shristi Infra and India Securitie were up 6-20%.Smallcap losers: JB Chemicals, Falcon Tyres, Dunlop India, Heritage Foods and Piramal Glass were down 6-13%.F&O cues: Nifty May futures added 9% in open interest. Nifty June futures added 60% in open interest mainly rollovers. Nifty Open Interest Put Call Ratio remain unchanged at 0.88. The volatility indicator India VIX slipped below 20 mark, down 5%. Nifty 5400 call added 5% in open interest. Nifty 5400 Put added 7% in open interest.Turnover: The total turnover for the day stood at Rs 151684.31 crore. Segmentwise breakup: NSE Cash Rs 9610.55 crore, BSE Cash Rs 2597.31 crore, NSE F&O Rs 139476.45 crore.Buzzing stock: Mahindra Satyam locked double digit gains on buzz of renewed interest in the stock from fund managers. Commodities roundup: Volatile commodity prices also kept investors on edge, with gold firming to a near two-week high as buyers looked to safe-haven assets.Goldman Sachs has raised its Brent crude price forecast for 2011 and 2012 on expectations that fuel demand growth will draw on global inventories and strain OPEC's spare oil output capacity.Gold firmed to its highest level in almost two weeks on Tuesday on worries that Europe's debt crisis was spreading out of control, sending euro-denominated bullion to a record above 1,081 euros an ounce.(With inputs from Reuters) Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
