Post Market Review - Sep 15 2010

Benchmark indices continued the dream run by gaining nearly a percent in today’s trade, there by extending the winning streak to the seventh consecutive day. Sensex gained 155 points to close at 19502 while Nifty finished at 5860, up 65 points. Q2 Advance tax figures from India inc. started coming in today which were by and large encouraging. Reliance Industries (Rs. 1308 cr. v/s Rs. 1157 cr.), SBI (Rs. 1924 cr. v/s Rs. 1832 cr.), L & T (Rs. 280 cr. v/s Rs. 200 cr.), M & M (Rs.150 cr. v/s Rs. 110 cr.), ICICI Bank (Rs.600 cr. v/s Rs.500 cr.), Tata Steel (Rs.500 cr. v/s Rs.400 cr.) and TCS (Rs.260 cr. v/s Rs.220 cr.) were the key positive figures while key disappointments included Ambuja Cement (Rs. 90 cr. v/s Rs. 150 cr.), ACC (Rs. 60 cr. v/s Rs. 150 cr.), HUL (Rs. 140 cr. v/s Rs. 170 cr.) and Grasim (Rs. 80 cr. v/s Rs. 200 cr.) European markets were trading lower by just under half a percent while US stock indices futures were marginally in the red ahead of data on Consumer Confidence, Industrial Production, Empire Manufacturing and Capacity Utilization.




Barring BSE Auto index that lost 0.24%, all the sectroal indices finished in green with IT and Oil & Gas indices rising the most, up 2.5% and 1.8% respectively. IDFC and Siemens were the top gainers among the Nifty stocks, putting on 4.2% each while Tata Motors and JP Associate were the top losers, down 2.6% and 2.1% respectively. BSE advance-decline ratio stood at 1:1.4.