Daily Market Review - Jan 6 2011

Benchmark indices extend the losing streak to third consecutive day by closing lower by half a percent in today’s trade. Sensex lost 116 points to close at 20184 while Nifty shut shop at 6048, down 32 points. BSE mid-cap and small-cap indices were down more, losing 1.2% and 1% respectively. Realty, Auto and Banking stocks continued to reel under pressure while software stocks maintained their outperformance. Food inflation for the week ended December 25 shot up to 18.32% from 14.44% in the previous week. Fuel inflation was unchanged at 11.63%. Primary Article index rose by 20.20% versus 17.24%. European markets, after a flattish opening, picked up and were trading higher by nearly a percent while US stock indices futures were up about a fourth of a percent ahead of jobs data.



BSE Realty and Capital Good indices lost 2.4% and 1.9% respectively, becoming the top losers among the sectoral indices while IT and Teck indices were the only gainers, up 0.5% and 0.4% respectively. Ambuja Cement and ACC plunged 5.4% and 4.2% respectively, becoming the top losers among the Nifty stocks while Sun Pharma and TCS gained the most, putting on 2.4% and 1.9% respectively. BSE advance-decline ratio stood at 1:1.9.