Search Now

Recommendations

Friday, September 18, 2009

Listless session


In a spiritless trading session, the market displayed range-bound trend with select bouts of buying and selling.

After opening 61 points lower over its previous close of 16711, the Sensex scaled lower to touch an intra-day low of 16610. In mid session, the market remained steady, however the sentiment turned bullish at the end of the session and the index rose to the day's high of 16765. However, the Sensex on the back of selective pivotals ended on a flat note at 16741, up 30 points. Nifty advanced 10 points to close at 4976. The market breadth was positive. Of the 2,852 stocks on the BSE, 1,423 stocks rose, 1,340 stocks fell and the 89 stocks ended unchanged.



Most of the sectoral indices had listless outing. BSE Auto was the top gainer rising 2.10% for the day followed by BSE Realty adding 1.29% and BSE HC up 0.89%. BSE Bankex, BSE PSU posted losses today.



Among gainers, passenger car maker Maruti Suzuki India flared up 5.23% to Rs1,640.85, Reliance Infrastructure moved up 4.47% to Rs1,243.15, Jaiprakash Associates jumped 3.82% to Rs256.85, telecom leader Bharti Airtel gained 2.18% to Rs442.60 and cement major ACC advanced 2.04% to Rs844.80. Realtor DLF, auto maker Mahindra & Mahindra, public sector banker State Bank of India, conglomerate Grasim Industries, aluminium maker Hindalco Industries reported steady gains. However, private sector lender ICICI Bank dropped 3.35% to Rs843.35, Sun Pharmaceutical Industries shed 1.61% to Rs1201.15, Reliance Communications dipped 1.49% to Rs306.60, copper giant Sterlite Industries lost 1.29% to quote at Rs762 and Truck maker Tata Motors dropped 1.19% to Rs598.95.



Ispat Industries was the most traded counter today with over 1.92 crore shares changing hands followed by Reliance Natural Resources (1.36 crore shares), KS Oils (1.25 crore shares) and NHPC (1.10 crore shares) and Unitech (1.03 crore shares).