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Post-market: Markets close see-saw trade on a flat note

Tuesday, November 8, 2011

November 08, 2011 | 5:30 PM

Markets close see-saw trade on a flat note
Markets did not show any major movements on the either side and remained directionless, with the Sensex closing 7 points higher and the Nifty up 5 points.
Major headlines

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Indian indices
The Indian markets struggled for direction all throughout the day, swinging between gains and losses. Buying in consumer durables, power, capital gods, oil & gas, banking and IT stocks helped markets while selling in realty, pharma, auto and metal stocks weighed on the sentiments.

Positive European cues also supported markets to some extent. Today's directionless session ended on a flat note.

Sensex movements: Tracking gains in Asia, the Sensex began the trade 31 points higher at 17594 and after few minutes touched the intraday high of 17632. However in the mid-morning trade, the index slipped in the red and touched the intraday low of 17455. Later, the index witnessed a see-saw trade closed flat. The Sensex closed higher by 7 points at 17570 and the Nifty rose 5 points to settle at 5289.
 

 INDEX PERFORMANCE
Index Close % chg
Sensex 17,569.53 0.04
Nifty

5,289.35

0.10

 
 MARKET INDICATORS 
Top Movers (Group A)
Company Price (Rs) % chg
Gainers
Jain Irrigation

121.45

9.56

Apollo Hospitals

575.30

7.12

Apollo Tyres

59.85

5.28

Losers
Motherson Sumi

177.05

-6.69

Gujarat Gas

418.50

-4.58

Aurobindo Pharma

123.25

-4.01

Market Statistics
s

BSE

NSE

Advances

1,434

803

Declines

1,399

880

Volumes (Rs crore)
Cash (BSE+NSE)

11,082

F&O (NSE)

81,213

Market sentiment
The market breadth stood positive, with 1434 shares rising, 1399 shares declining and 131 remained unchanged.


Viewing volumes
Indian shipbuilder - Pipavav Defence and Offshore Engineering Company was traded the most with over 0.36 crore shares changing hands on the BSE. Following that, major Indian telecommunication company - Reliance Communications (0.33 crore shares), an India-based agri-business company - Jain Irrigation Systems (0.26 crore shares), a non-banking financial company - Manappuram Finance (0.25 crore shares) and India's second largest developer - Unitech (0.23 crore shares).
Sectoral & stock screening
Five sectors closed lower and eight rose. Major gainers - BSE CD went up by 0.94%, BSE Oil & Gas surged by 0.20% and BSE Power rose by 0.19%. Major losers - BSE Realty dipped by 1.38%, BSE HC slid by 0.51% and BSE Auto down by 0.08%.

Top gainers in 'A' group pack - Jain Irrigation up by 9.56%, Apollo Hospitals up by 7.12% and Apollo Tyres up by 5.28%. Top losers in 'A' group pack - Motherson Sumi down by 6.69%, Gujarat Gas slipped by 4.58% and Aurobindo Pharma down by 4.01%.

Global signals
The European stock markets rose on Tuesday (November 08, 2011), bouncing from two days of losses, as upbeat corporate news from the likes of telecom heavyweight Vodafone helped offset some investors' concerns about the euro zone debt crisis.

The Asian stock markets closed mixed on Tuesday, with investors fearful about Europe's debt situation ahead of an Italian parliamentary vote on budget reforms, and as scandal-hit Olympus plunged after saying M&A funds were used to cover securities losses.

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

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