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Wednesday, December 02, 2009

Down marginally


Today's major news

Tata Motors’ total volumes grow by 65.5% year on year; the stock surges 4.14%.

Gammon India led joint venture bags contract from BWSB; the stock ends the day 1.70% higher.

Kiri Dyes may acquire DyStar; the stock jumps 4.91%.

Fedders Lloyd secures order worth Rs120 crore; the stock rises 4.99%.

Diamant Investment secures order from AIR Infraprojects; the stock closed the session 4.96% higher.

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Post-market summary

Global signals

European stocks were flat as the financial stocks fell with the FTSE 100 marginally down by 0.19%.

All the major Asian indices closed in green and managed to hold on the morning gains, except BSE Sensex that bucked the trend and ended marginally lower. SGX Nifty ends 20 points lower.

US stock futures extend gains and trades 1.2% higher on Wednesday on the back of positive expectations on the upcoming economic data front.

Indian indices

After a positive start, the Sensex slid and lost steam as the European stocks traded marginally lower. The bellwether opened 28 points higher and soon touched the high of 17330. However it slipped from that level and remained choppy for the major part of the session. Before closing at 17170, the Sensex touched the low of 17142 and swung by 188 points during the day. Nifty closed 1 point higher at 5123.

Sensex sentiment

The market breadth, the number of advancing shares to declining ones, was positive as out of 2,871 stocks traded on the BSE, 1,518 stocks advanced, whereas 1,241 stocks declined. One hundred twelve stocks closed unchanged.

Sectoral & stock screening

On a listless day marked with bouts of action, six sector indices posted gains while seven indices registered losses. BSE Realty that surged 1.87% and BSE Auto that was up by 1.33% were the only two sectors that posted tangible gains. The remaining 12 indices were either up or down marginally.

On stocks’ front, Indiabulls Financial surged the most, by 11.73%, followed by Shriram Transport that rose by 9.16% and Jet Airways that was up by 8.72%. Among losers, Areva T&D slid the most by 3.19%, followed by Oracle Finance that fell by 3.13% and HCL Technologies that shed 3.06%.

Viewing volumes

Realty major Unitech was the most actively traded scrip on the BSE with over over 1.79 crore shares changing hands to be followed by Suzlon Energy (1.20 crore shares), IFCI (1.08 crore shares), Ispat Industries (0.58 crore shares) and IDBI Bank (0.49 crore shares).