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Post-market: Sensex ends volatile trade 115 points higher
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Wednesday, November 30, 2011 |
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| November 30, 2011 | 5:30 PM | Sensex ends volatile trade 115 points higher The Indian markets rallied for the second consecutive day, with the Sensex rising by 115 points and the Nifty up by 27 points | | | | | | Major headlines | | Indian indices Markets closed a volatile trade on a higher note. Gains in heavyweights like RIL, Bharti Airtel, ONGC, HDFC Bank, TCS, Jindal Steel and HUL were leading the markets higher. Buying in oil & gas, FMCG, technology, power, PSU and metal stocks led support. Recovery was seen after the announcement of the Q2 GDP data, which came inline with market estimates. The Sensex and the Nifty regained its levels of 16000 and 4800 respectively. Sensex movements: Weak Asian cues dragged the Sensex 139 points lower at 15869 in the opening trade and soon touched an intraday low of 15850. The index remained in red in the first half of the trade. Later after the outcome of GDP data, the index showed recovery and hit an intraday high of 16180. The Sensex shut shop at 16123, up by 115 points and the Nifty surged 27 points to close at 4832. | | INDEX PERFORMANCE |  | | | | | MARKET INDICATORS |  | | | | | | M&M Financial | 682.50 | 5.45 | | Pipavav Defence | 59.55 | 5.21 | | | | Bajaj Finserv | 424.90 | -7.96 | | | Indiabulls Real Estate | 61.10 | -5.71 | | | | | | | | | | | | | | | | | | | | | Market Outlook: Pending Home Sales data will be announced in the US on Wednesday. | Market sentiment The market breadth stood in favour of declines. Of the 2856 stocks traded on the BSE, 1206 (42.23%) rose, 1519 (53.19%) fell and 131 (4.59%) remained unchanged. Viewing volumes Wind turbine major - Suzlon Energy was traded the most with over 0.54 crore shares changing hands on the BSE. Following that, India's largest real estate company - HDIL (0.33 shares), industrial finance company - IFCI (0.31 crore shares), India's largest automobile company - Tata Motors (0.27 crore shares) and India's leading retailer - Pantaloon Retail (0.26 crore shares). | Sectoral & stock screening Among the 13 sectoral indices, eight sectors were in green. Top Gainers - BSE Oil & Gas gained by 1.63%, BSE FMCG up by 1.20% and BSE TECk rose by 0.95%. Top Losers - BSE CD down by 2.04%, BSE Realty fell by 0.91% and BSE Auto slid by 0.69%. In 'A' group stocks, major gainers - Mahindra & Mahindra Financial Services advanced by 5.45%, Pipavav Defence and Offshore Engineering Company up by 5.21% and CESC surged by 4.50%. Top losers - Bajaj FinServ fell by 7.96%, HDIL down by 5.90% and Indiabulls Real Estate declined by 5.71%. |  | | | | | Global signals The European stocks fell on Wednesday (November 30, 2011), snapping a sharp three-session rally, as Standard & Poor's downgrade of a number of European and US banks prompted investors to dump shares of financial institutions. The Asian markets closed mixed on Wednesday. The US stock index futures pointed to a weaker open for equities on the Wall Street on Wednesday. | | | | Visit www.sharekhan.com to manage your newsletter subscriptions | | | | | | | | | To know more about our products and services, click here. | | | | | | | Sharekhan Ltd. Regd Add: 10th Floor, Beta Building, Lodha iThink Techno Campus, Off. JVLR, Opp. Kanjurmarg Railway Station, Kanjurmarg (East), Mumbai - 400 042, Maharashtra. Tel: 022 - 61150000. 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