Indian Stock indices closes in green | SENSEX | NIFTY up

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Indian Stock indices closed in green today but saw a lackluster day of trading, The details about closing prices of major indian indices is as follows:

The National Stock Exchange's Nifty closed above the 6000 mark at 6001.15, thus rising by 12.45 points today. Whereas 30 component benchmark index Bmbay Stock Exchange's Sensex closed up 75.28 points at 19,940.42. Stocks of Auto sector were major gainers, whereas Reliance Communication was major loser by over 5 percent at closing today.

SENSEX | NIFTY closes in red as global cues weakens

(BSE closing rates 3/5/2010) - Market breadth was negative on the BSE with 875 declines against 424 advances.

Bombay Stock Exchange’s Sensex closed at 17386.08, down 172.63 points or 0.98 per cent. The index touched intra-day low of 17345.92 and high of 17536.86.

National Stock Exchange’s Nifty ended at 5222.75, down 55.25 points or 1.05 per cent. The index touched a low of 5210.05 and high of 5278.70 in today’s trade.

“Indices are likely to face resistance at the 17650-17800-18000/5310-5350-5400 levels (on Sensex and Nifty respectively). Any surge in the indices may see profit taking around the indicated resistances. Downside supports are placed at the 17350-17200-17050/5250-5220-5200 levels.

Depending on the global cues we expect to see an upward movement from the mentioned supports and trade could be influenced by strong moves sectorally. Any move until the said resistances shall be utilised to exit from long positions and look out for a sustainable move,” said Kalyan Reddy, technical analyst, Karvy Stock Broking.

BSE Midcap Index was down 0.40 per cent and BSE Smallcap Index slipped 0.33 per cent.

Amongst the sectoral indices, BSE Metal Index was down 1.74 per cent, BSE IT Index slipped 1.28 per cent and BSE Capital Goods Index declined 1.06 per cent.

NIFTY closes under 4600 | SENSEX at 15097

(5/6/09 BSE | NSE closing)- National Stock Exchange’s Nifty ended at 4583.70, up 11.05 points or 0.24 per cent. The broader index slipped from intra-day high of 4636.85 and touched an intra-day low of 4561.95.

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Bombay Stock Exchange’s Sensex closed at 15097.40, up 88.72 points or 0.59 per cent. The 30-share index hit a high of 15257.30 and low of 14993.60.

BSE Midcap Index was down 0.83 per cent and BSE Smallcap Index fell 1.12 per cent lower.

BSE Capital Goods Index was up 3.02 per cent, BSE IT Index gained 2.60 per cent and BSE Auto Index moved up 2.37 per cent. BSE Realty Index was down 2.47 per cent and FMCG Index was down 2.10 per cent.

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BSE showed 1496 advances against 1334 declines.

BSE closing - remains flat as midcaps gain

Oil shares reacted to reports that the new UPA government planned to cap profits of crude producers such as ONGC, Oil India, Reliance Industries and Cairn India as part of a transparent and sustainable subsidy-sharing system for the sector.

The proposal to levy a special oil tax was part of the recommendations of the BK Chaturvedi Committee, appointed to look into oil pricing as a replacement for the current subsidy-sharing plan that has been criticised for its lack of transparency.

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Bombay Stock Exchange’s Sensex ended at 13,913.22, up 26.07 points or 0.19 per cent. The index touched an intra-day low 13819.25 and high of 14028.06. National Stock Exchange’s Nifty closed at 4237.55, down 0.95 points or 0.02 per cent. The broader index touched a high of 4270.05 and low of 4205.10. Market breadth on BSE showed 2,470 advances against 316 declines.

The BSE Midcap Index closed 2.83 per cent higher and BSE Smallcap Index gained 5.01 per cent. Shares of distilleries and breweries companies were in demand. Balaji Distilleries was up over 12 per cent, United Breweries was locked at 20 per cent circuit and United Spirits gained 8.14 per cent.

Action was also seen in gems and jewellery space. Gitanjali Gems surged 19 per cent, Rajesh Exports gained 10 per cent and Su-raj Diamonds advanced 14 per cent.

BSE Realty Index was up 4.25 per cent, BSE Healthcare Index gained 2.83 per cent and BSE FMCG Index moved up 2.73 per cent. The only sector that continued its losing streak was the technology pack with BSE IT Index down 0.89 per cent.

Major losers today include Bharti Airtel (-5.41%), NTPC (-1.66%), HDFC (-1.63%), Grasim Industries (-1.63%) and ACC (-1.06%) were amongst the Sensex losers.

The biggest Sensex gainers were Ranbaxy Laboratories (20.73%), Jaiprakash Associates (7.16%), Sterlite Industries (5.94%), DLF (5.42%) and ITC (3.6%).

Small Caps and Mid Caps perform better then SENSEX

(20/5/09 - SENSEX updates) - The mid-cap and small-cap indices today significantly outperformed the benchmark index Sensex with as many as 117 small-cap stocks and 14 mid-cap stocks touching their upper circuit limits at the Bombay Stock Exchange.

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The BSE mid-cap index gained over six per cent to settle at 4,673 points, while the small-cap index ended up 8.86 per cent at 5,208.18 points.

According to the data available on the BSE website, as many as 117 stocks from the 465 shares in the small-cap index and 14 stocks out of the total of 221 shares in the mid-cap index hit their respective upper circuit limits today.

"Investors are making value buys into midcaps and small-cap stocks which have turned attractive, while the blue chip stocks became overbought and witnessed profit booking today," Geojit BNP Paribas Financial Services Research head Alex Mathew said.

The 30-share bellwether index Sensex today lost 241 points to close at 14,060, after touching an intra-day high of 14,405.51.

Some of the mid-cap shares which surged and got struck in their upper limit include --realty firm Omaxe (gained 20 per cent), Godrej Industries (10 per cent), Akruti City (5 per cent), Indiabulls (5 per cent) and KEC International (10 per cent).

The mid-cap and small-cap indice track the performance of companies with relatively smaller market capitalisation than the blue chip firms.

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The circuit limits, both upper and lower, are set by the exchange from time to time as a price containment measure beyond which trading would not be allowed in a scrip till the prices are normal or limits are reset.

The circuit limits in stocks are set for a particular scrip by the exchange to limit their movement to five per cent, 10 per cent and 20 per cent, either up or down.

The circuit limits are set to regulate manipulative or one way price drugging of particular shares mainly having smaller marketcaps.

The small-cap stocks which hit their upper circuit limits include- Raymond Ltd , Unity Infra, Bharati Shipyard, Madhucon Projects and United Breweries Holdings.