Post Market Review - Aug 18 2010

After trading in a narrow range for the better part of the day, market saw a sharp spike upwards after 2 o’clock which helped the benchmark indices close with gains of more than a percent. Sensex gained 208 points to close at 18257 while Nifty settled at 5479, up 65 points. BSE Mid-cap and Small-cap indices gained 0.8% and 0.7% respectively. European markets were trading lower by half a percent, led lower by oil stocks while US stock indices futures were down about a fifth of a percent.





BSE IT and FMCG indices were the top gainers among the sectoral indices, putting on 2% and 1.4% respectively while Consumer Durable index was the sole loser, down 0.2%. Hindalco and Sun Pharma gained the most among the Nifty stocks, putting on 5.3% and 4.2% respectively while Suzlon and Idea lost the most, down 3.3% and 1.6% respectively. BSE advance-decline ratio stood at 1.3:1