Down for second day

Today's major news

Reliance Industries sweetens offer for LyondellBasell to USD13.5 billion; the stock closes 0.29% lower.

BGR Energy in pact with USA for steam generators; the stock jumps 6.26%.

Kalpataru Power gets orders worth Rs250 crore; the stock ends lower by 1.64%.

Viceroy Hotels to raise Rs70 crore via QIP; the stock surges 2.65%.

Ipca Laboratories to consider stock split; the stock rises 3.42%.

Click here for more details

Post-market summary

Global signals

European indices were trading marginally higher in morning trade with the banking stocks leading the gainers chart. At the time of writing this report FTSE 100 was trading 0.05% higher.

Among major Asian indices, all the indices closed higher, except the BSE 30 that closed lower by 0.43%. SGX Nifty closed 5 points higher.

US stock futures opened marginally higher, as investors eagerly await the US non-farm payrolls data.

Indian indices

Closing lower, the Indian market bucked the trend as all other Asian markets closed with gains. Even European markets were trading higher at the time of writing this report. The Sensex that opened 12 points lower soon touched day’s high of 17658. The day’s low was 17509. At finishing line, the Sensex was at 17616, 75 points lower. Nifty closed 18 points lower at 5245.

Market sentiment

The market breadth, the number of advancing shares to declining shares, was positive. Of the total 2,965 stocks traded on the BSE, 1,724 stocks advanced, whereas 1,174 stocks declined. Sixty-seven stocks closed unchanged.

Sectoral & stock screening

Of the 13 sector indices, six closed higher while seven closed lower. Only BSE Realty (up 3.23%), BSE IT (down 1.98%)and BSE TECk (down 1.68%) were perceptibly up or down while the remaining 10 sector indices were either marginally up or down.

On stocks’ front, Hindustan Copper topped the chart surging by 14.10% followed by Rei Agro (up 8.92%). IRB Infrastructure and Bosch were up by over 7% each. Among losers, Gujarat NRE Coke slid the most by 2.99%, followed by Aditya Birla Nuvo that fell by 2.94% and Jet Airways that shed 2.69%.

Viewing volumes

IFCI, industrial finance company, saw the highest trading with over 1.48 crore shares changing hands on the BSE to be followed by India’s second biggest realty company, Unitech (1.19 crore shares), GVK Power & Infrastructure (1.19 crore shares), Ispat Industries (0.81 crore shares) and wind turbine maker Suzlon Energy (0.73 crore shares).