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Post-market: Sensex closes with 316 points gain on RBI policy day

Tuesday, October 25, 2011

October 25, 2011 | 5:30 PM

Sensex closes with 316 points gain on RBI policy day
The Indian markets ended a volatile trade with strong gains, extending previous session's rally. The Sensex surged 316 points and the Nifty rose 93 points 
Major headlines

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Indian indices
The Indian markets witnessed a smart surge in the afternoon trade after seeing a drop on RBI's move. It raised repo rate by 25 basis points to 8.5%, reverse repo rate stood at 7.5% and CRR remained unchanged at 6%.

Continuous buying in auto, technology, oil & gas, capital goods, FMCG and metal stocks lifted the sentiments. Major heavyweights supporting the markets were RIL, M&M, Infosys, HDFC, ITC, L&T, ICICI Bank, Tata Motors, Sterlite and Bajaj Auto. However, selling in banking and consumer durables capped the upside. Overall it was an extreme volatile session due to F&O expiry, RBI policy and earnings.

Sensex movements: The Sensex kick-started the trade 74 points higher at 17013 and continued to trade in green till the RBI policy was announced. As soon as the RBI policy was released, the index erased all its gains and touched the day's low of 16900 in late morning trade. In the afternoon session, the index gained momentum on all-round buying and hit the day's high of 17322. The Sensex closed at 17255, up by 316 points and the Nifty rose 93 points to settle at 5192.

 INDEX PERFORMANCE
Index Close % chg
Sensex 17,254.86 1.86
Nifty

5,191.60

1.83

 
 MARKET INDICATORS 
Top Movers (Group A)
Company Price (Rs) % chg
Gainers
Yes Bank

306.30

8.81

M&M

853.20

5.49

Kotak Mahindra Bank

494.85

5.23

Losers
Exide Industries

108.95

-5.22

Allahabad Bank

139.90

-4.73

Titan Industries

215.50

-4.50

Market Statistics
s

BSE

NSE

Advances

1,375

750

Declines

1,374

893

Volumes (Rs crore)
Cash (BSE+NSE)

17,588

F&O (NSE)

244,383

Market Outlook: Data releases in the US on Tuesday - Consumer Confidence and S&P Case-Shiller HPI.

Market sentiment
The market breadth stood neutral. Of the 2878 stocks traded on the BSE, 1375 (47.78%) rose, 1374 (47.74%) fell and 129 (4.48%) remained unchanged.

Viewing volumes
India's largest automobile company - Tata Motors was traded the most with over 0.28 crore changing hands on the BSE. Following that, an Industrial finance company - IFCI (0.21 crore shares), India's second largest developer - Unitech (0.17 crore shares), India's new age private sector bank - Yes Bank (0.16 crore shares) and India's largest public sector bank - SBI (0.15 crore shares).
Sectoral & stock screening
Ten sectors closed higher, while three in red. Top gainers - BSE Auto rose by 2.95%, BSE IT up by 2.66% and BSE Oil & Gas surged by 2.22%. Losers - BSE CD declined by 2.94%, BSE Bankex down by 1.20%, and BSE PSU fell by 0.05%.

In 'A' group stocks, major gainers - Yes Bank surged by 8.81%, Mahindra & Mahindra rose by 5.49% and Kotak Mahindra Bank advanced by 5.23%. Major losers - Exide Industries declined by 5.22%, Allahabad Bank down by 4.73% and Titan Industries fell by 4.50%.

Global signals
The European shares steadied on Tuesday (October 25, 2011) as earnings news offset fresh political uncertainty a day ahead of the euro zone leaders' meeting that many hope will take a big step toward solving the region's two-year-old debt crisis.

The Asian markets swung between gains and losses before closing higher on Tuesday barring Nikkei and Kospi.

The US stock index futures pointed to a mixed open on the Wall Street on Tuesday.

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