Post Market - July 8 2010

Markets marched ahead on the back of supportive global cues to close higher by a percent. Sensex gained 180 points to close at 17651 while Nifty ended at 5296, up 55 points. BSE Mid-cap and Small-cap indices gained 0.9% and 0.6% respectively. Sparked by recent hike in fuel prices, Fuel inflation for the week ended June 26th jumped to 18.02% versus 12.90% for the previous week. Food inflation stood at 12.63% as against 12.92% for the week ago while Primary article inflation rose to 16.08% from 14.75% a week ago. European markets were trading higher by about a percent ahead of announcement on interest rate by Bank of England and ECB. US stock indices futures however down nearly a fifth of a percent awaiting reports on employment and retail.



All the BSE sectoral indices closed in green with Consumer Durable and Realty indices gaining the most, up 2% and 1.6% respectively. BPCL surged 6.4%, becoming the top gainer among the nifty stocks, followed by Sterlite industries, up 3.3%. ACC and Sun Pharma were the top losers, down 1.9% and 1.5% respectively. BSE advance-decline ratio stood at 1.5:1.