Post Market Review - Sep 24 2010

After two days of consolidation, markets bounced back on the last trading day of the week with benchmark indices gaining nearly a percent in today’s trade. Sensex put on 184 points to close at 20045 while Nifty finished at 6018, up 59 points. Broader market also witnessed equal participation with BSE Mid-cap and Small-cap indices rising 1% each. On weekly basis, it was the fourth consecutive week in green as Nifty and Sensex rose 2.3% in the week gone by. FMCG index climbed 5.3% over the week, becoming the top gainer among the BSE sectoral indices, followed by Consumer Durable index, up 2.7%. Oil & Gas and Realty indices lost 0.8% and 0.4% week-on-week. European markets were trading lower by nearly a third of a percent while US stock indices futures were up about a fourth of a percent ahead of data on new home sales and durable good order





All the BSE sectoral indices finished in green for the day with Realty and FMCG indices rising the most, up 2.8% and 1.8% respectively. DLF and IDFC surged 5.5% and 5.4% respectively, becoming the top gainers among the Nifty stocks while Jindal Steel and Sterlite Industries lost 1.5% and 0.5% respectively. BSE advance-decline ratio stood at 1.6:1.