Daily Market Review - Aug 17 2010

Benchmark indices closed absolutely flat after a choppy trading session. Sensex closed at 18048, down 2 points while Nifty lost 4 points to finish at 5414. Broader market however, outperformed, as depicted by BSE Mid-cap and Small-cap indices that gained 0.6% and 0.3% respectively. European markets were up about a percent while US stock indices futures were up about half a percent ahead of reports on housing starts, building permits, industrial production and producer price index.




BSE Bankex and Realty indices were the top gainers among the sectoral indices, putting on 1% and 0.2% respectively while IT and Capital Goods indices lost 0.3% each. BPCL and Hindalco were the top gainers among the Nifty stocks, putting on 2.8% and 2.6% respectively while Suzlon and Idea were the top losers, shedding 2.3% and 1.8% respectively. BSE advance-decline ratio stood at 1:1.04.