SENSEX 17558.73 +93.92NIFTY 5232.20 +31.15
NASDAQ 2176.05 +6.87
DJIA 10426.31 -11.11
RS/$ 46.25 -0.16
Benchmarks ended near their 52-week highs on the first day of calendar year 2010 led by gains in auto, metals and FMCG stocks. Broader markets continued to outperform the benchmarks. Markets opened subdued following block deals in Reliance Industries but recovered losses on expectations of better third quarter results and GDP growth. Encouraging auto and cement sales and positive European markets helped indices to close higher. Quarterly earnings, RBI’s policy moves and the Union Budget will be the key events that will drive the sentiment in the initial few weeks. Global economic data points and earnings will also have a bearing but to a lesser extent. Trends in fund flows and movement in other markets (currency and commodities) will be among the other key triggers
National Stock Exchange’s Nifty closed at 5232.20, up 31.15 points or 0.59 per cent. The index touched 52-week high of 5238.45 and low of 5167.10. Bombay Stock Exchange’s Sensex ended at 17558.73, up 93.92 points or 0.54 per cent. The index touched a new 52-week high of 17582.84 and low of 17378.38. BSE Midcap Index was up 1.48 per cent and BSE Small cap Index moved 1.60 per cent higher. Amongst the sectoral indices, BSE Auto Index moved 1.88 per cent higher, BSE Metal Index was up 1.82 per cent and BSE FMCG Index advanced 1.11 per cent. BSE Oil&gas Index was down 0.21 per cent. Nifty gainers were ACC (5.35%), Jaiprakash Associates (4.8%), Mahindra & Mahindra (4.55%), Tata Motors (4.48%) and Reliance Capital (3.64%). Mahindra & Mahindra’s sales advanced 114.8% to 24,001 units in December 2009 over December 2008. Jaiprakash Associates’ cement shipments rose 60 per cent from a year earlier to 1.06 million tonnes in December. Tata Motors reported over 100 per cent growth in its sales during the month of December 2009. The company sold 51,627 vehicles compared to 25,219 vehicles during the same period last year. The company's domestic sales of Tata commercial and passenger vehicles for December 2009 were 48,173 units registering a growth of 102 per cent as compared to over 23,894 units sold in December 2008.
Nifty losers comprised NTPC (-1.61%), Bharti Airtel (-1.36%), Reliance Industries (-1.21%), Maruti Suzuki (-0.77%) and Suzlon (-0.44%). Shares of Reliance Industries were witnessing selling pressure after the company sold around 25 million treasury shares to LIC in block deals on the BSE and NSE. Shares of newly listed JSW Energy ended flat Rs 100.20 against issue price of Rs 100 per share on the NSE.
The stock touched a high of Rs 106.35 during the day. Market breadth on BSE was positive with 2135 advances against 745 declines
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