Volatile markets end in red

The Indian markets closed the volatile session in the negative terrain, with the Sensex down by 34 points and the Nifty down by 4 points.

Headlines for the day

Sugar companies surge as govt to allow more exports

Fertiliser stocks soar on buzz of subsidy reduction

GMR Infra to collect airport development fees in Maldives; stock soars

Pratibha gains after receiving order worth Rs772 crore

Coal India falls as PIL filed against new pricing in WB



Indian indices

It was a volatile Monday, with the Indian markets closing the trade on a negative note. The markets saw some green in the afternoon session but failed to maintain it till the close. Negative European cues weighed on the sentiments.

Persistent selling pressure in oil & gas, auto, technology and FMCG stocks led the decline. Major heavyweight draggers — Bharti Airtel, SBI, RIL, Coal India, Tata Motors, HUL and Bajaj Auto. Overall mood remained cautious ahead of earnings season.

Sensex movements: The Sensex started the session 9 points lower at 15840 and after few minutes hit the intraday low of 15678. The index remained under pressure for most part of the session. However, the index saw some recovery in the afternoon session and hit the intraday high of 15872. The gains were short-lived and the index fell again to close in red. The Sensex closed 34 points lower at 15815 and the Nifty stood at 4743, down by 4 points.

Market sentiment

The market breadth was positive. Of the 2822 stocks traded on the BSE, 1638 (58.04%) rose, 1080 (38.27%) fell and 104 (3.69%) remained unchanged.

Viewing volumes


Wind turbine major - Suzlon Energy witnessed highest trading, with over 0.51 crore shares changing hands on the BSE. Following that, Industrial finance company – IFCI (0.40 crore shares), an integrated infrastructure development company — Lanco Infratech (0.39 crore shares), Indian telecommunication company - Reliance Communications (0.32 crore shares) and sugar making company - Shree Renuka Sugars (0.30 crore shares).

Sectoral & stock screening

Among the 13 sectoral indices, eight closed in green. Top Gainers - BSE Power up by 1.57%, BSE Realty up by 1.48% and BSE CG up by 1.33%. Top Losers - BSE Oil & Gas down by 0.71%, while BSE Auto and BSE TECk down by 0.47% each and BSE FMCG down by 0.34%.

In 'A' group stocks, major gainers - Lanco Infratech gained by 8.95%, GMR Infrastructure jumped by 8.37% and Wockhardt rose by 8.34%. Major losers - Sintex Industries slipped by 4.70%, Jain Irrigation Systems down by 3.75% and Bharti Airtel dropped by 2.93%.

Global Indices

The European shares were flat on Monday (January 09, 2012), with some optimism about the imminent fourth-quarter US earnings season offset by GlaxoSmithKline leading the healthcare sector down after the release of a mixed batch of clinical trials results on a key new lung drug.

The Asian stock markets closed mixed on Monday as worries over the eurozone debt crisis were tempered by better-than-expected US jobs data. Nikkei index remained shut.

The US stock index futures pointed to a mixed open for equities on Wall Street on Monday.