Post Market Review - Sep 28 2010

Markets ended flat after a choppy trading session. Sensex closed at 20104, down 2 points while Nifty lost 6 points to close at 6029. BSE Mid-cap and Small-cap indices gained 0.2% and 0.03% respectively. Stocks belonging to capital goods sector saw smart gains in today’s trade led by ABB and Siemens. Supreme Court today lifted stay on the Ayodhya case verdict and now the verdict will be delivered by Lucknow bench of Allahabad High Court on September 30th at 3.30 pm. European markets after dipping sharply in the red, pared losses and were trading down about a third of a percent. US stock indices futures were up about a third of a percent ahead of data on home prices and consumer confidence.



BSE Power and Capital Goods indices were the top gainers among the sectoral indices, putting on 1.2% and 0.9% respectively while Oil & Gas and IT indices lost 0.7% and 0.5% respectively. ABB and Siemens surged 7.5% and 4.8% respectively, becoming the top gainers among the Nifty stocks while Idea Cellular and HDFC lost the most, down 2.3% and 2.2% respectively. BSE advance-decline ratio stood at 1:1.2.