Post Market Review - Sep 9 2010

After yesterday’s consolidation, markets resumed the upward journey in today’s trade as benchmark indices gained more than half a percent on the last trading session of the truncated week. Sensex gained 133 points to close at 18800 while Nifty finished at 5640, up 32 points. BSE Mid-cap and Small-cap indices gained 07% and 0.3% respectively. On weekly basis, Sensex and Nifty have gained 3.2% and 2.9% respectively. All the sectoral indices finished in green for the week with Metal index and Bankex gaining the most, up 5.1% and 4.1% respectively. European markets, after flattish opening, edged up and were trading higher by about two third of a percent. US stock indices future were higher by nearly a third of a percent ahead of reports on jobless claims and trade balance.



BSE Bankex surged 2.2% in today’s trade, becoming the top gainer among the sectoral indices, followed by Capital Goods index, up 0.8%. Oil & Gas and Healthcare indices were the sole losers, down 0.3% and 0.2% respectively. M & M and HDFC Bank were the top gainers among the Nifty stocks, putting on 3.2% and 3% respectively while Sun Pharma and Power Grid were the top losers, down 1.8% and 1.7% respectively. BSE advance-decline ratio stood at 1.2:1.