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Monday, August 30, 2010

Indian Stock indices closes almost flat - no direction to go



Most of the major stock indices of India including BSE's Sensex and NSE's Nifty closed slightly up today but witnessed a volatile trade through out the day,
finding it's global peers like Dow Jones Industrials, European markets under stress and getting no direction to follow due to increasing investor consiousness about the predictions of possible stock market correction next month (read complete post).

Thus indian investors are too looking sceptical about the global developments and are playing very safe money till the clouds over possible double dip gets over, FMCG stocks ended in red after investors booked profits from two days of rally in FMCG stocks.

The 30 share BSE's Sensex closed up by just 33 points and was at 18,032.11 at closing today, the index touched the lowed price of 17,960.23 during intraday trading today.

The sectoral indices report card for today is as follows:

Index NameLast TradeChange
BSE 3018,032.11 33.70(0.19%)
AUTO INDEX8,741.49 31.44 (0.36%)
BANKEX12,224.60 8.53(0.07%)
BSE - 1009,662.72 15.12(0.16%)
BSE - 2002,312.18 3.11 (0.13%)
BSE - 5007,321.35 10.41(0.14%)
BSE - CAPITAL GOODS14,631.60 91.22(0.62%)
BSE - CONS. DURABLES5,803.82 31.34(0.54%)
BSE - FMCG3,332.30 22.43(0.67%)
BSE - HEALTHCARE5,549.64 13.24(0.24%)
BSE - INFOTECH5,373.95 34.41(0.64%)
BSE Mid-Cap7,640.96 6.25(0.08%)
BSE PUBLIC SECTOR9,717.32 22.41(0.23%)
BSE Small-Cap9,636.47 4.48(0.05%)
BSE TECK INDEX3,374.60 5.66(0.17%)
METAL INDEX15,128.44 217.62 (1.46%)
OIL & GAS INDEX10,118.08 25.91 (0.26%)

The broader index National Stock Exchange's Nifty also closed little up today but lacked investor enthusiasm. thua closing a mere 6 points up at 5415 today. The NSE's subindices performance today is as follows:

Index NameLast TradeChange
S&P CNX NIFTY5,415.45 6.75(0.12%)
S&P CNX DEFTY4,001.20 7.25 (0.18%)
CNX NIFTY Junior11,828.55 3.15 (0.03%)
S&P CNX 5004,557.60 6.70 (0.15%)
CNX MIDCAP 2008,737.45 20.35 (0.23%)
BANK NIFTY10,747.25 19.80(0.18%)
CNX IT5,971.25 34.65 (0.58%)

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