Markets end up 1%, week ends positive
By Shrikant Akolkar |
2/3/2012 4:25 PM FridayToday has been another dramatic day in which the markets have surprised everyone with a positive ending. For most of the day, the markets remained volatile with a negative bias.
Earlier, the Asian markets closed the week with minor losses. The Chinese markets, Hang Seng and Shanghai gained marginally, while Nikkei dropped by 17 points or 0.51%.
European markets, which opened in the red, are currently trading with marginal gains ahead of the US jobs report to be released later today.
Dow Jones Futures is trading up by 19 points or by 0.15% at the moment, indicating a positive sentiment in the US markets.
| Benchmark Indices |
| Index | Closing | % Change |
| Sensex | 17,604.96 | 0.99 |
| Nifty | 5,325.85 | 1.06 |
| Hang Seng | 20,756.98 | 0.08 |
| Nikkei | 8,831.93 | -0.51 |
| Shanghai | 2,330.40 | 0.77 |
| Live |
| FTSE | 5,814.87 | 0.32 |
| CAC | 3,384.02 | 0.22 |
| DAX | 6,672.66 | 0.26 |
Back home, all the indices barring Metals rallied in the last trading session. Realty surged by 2.15% and HC, Power, FMCG, Bankex, Oil & Gas and PSU all gained by over 1%. The IT index was up by 0.9%.
| Sectoral Indices |
| Index | Close | Change(Pts) | Change (%) |
| Broad |
| MIDCAP | 6046.1 | 76.34 | 1.28 |
| SMLCAP | 6686.55 | 77.58 | 1.17 |
| BSE-100 | 9185.35 | 86.47 | 0.95 |
| BSE-200 | 2150.96 | 21.63 | 1.02 |
| BSE-500 | 6717.47 | 66.99 | 1.01 |
| Sectors | | | |
| REALTY | 1784.17 | 37.48 | 2.15 |
| HC | 6411.72 | 106.74 | 1.69 |
| POWER | 2161.35 | 31.76 | 1.49 |
| FMCG | 4120.75 | 58.45 | 1.44 |
| BANKEX | 11643.84 | 163.46 | 1.42 |
| OIL&GAS | 8689.19 | 97.3 | 1.13 |
| PSU | 7485.77 | 80.41 | 1.09 |
| IT | 5912.4 | 52.63 | 0.9 |
| AUTO | 9523.22 | 74.55 | 0.79 |
| TECk | 3569.28 | 23.91 | 0.67 |
| CD | 5832.41 | 25.47 | 0.44 |
| CG | 10259.55 | 27.67 | 0.27 |
| METAL | 11874.99 | -131.1 | -1.09 |
23 of the 30 Sensex stocks closed in the positive by the end of the day. NTPC led the gainers list and slapped all the mornings’ subdued returns by gaining 2.71%. Bharti Airtel lost its morning gains and closed with 0.69% intraday gains. Others like HUL, Sun Pharma, DLF, BHEL, TCS, ONGC, HDFC Bank, HDFC, Maruti Suzuki, M & M, Cipla, SBI, ICICI Bank, Tata Power, Coal India and RIL all surged by over 1%. Metals stocks like Hindalco, Jindal Steel, Tata Steel and Sterlite Industries closed in the negative along with L&T and Hero MotoCorp.
Dr. Reddy’s Labs announced its quarterly results, with its net profits zooming by 88% to Rs 513 cr. The stock was seen gaining 2.16% by the end of the day.
The market breadth, which indicates the overall health of the market, was extremely positive at the end of the day. Out of a total of 3325 stocks traded on the BSE, 1930 advanced, 1273 declined and 122 remained unchanged.
| Advance-Decline Table |
| Index | Advances | Declines | Unchanged |
| BSE 30 | 23 | 7 | 0 |
| BSE 100 | 66 | 34 | 0 |
| BSE 200 | 142 | 57 | 1 |
| BSE 500 | 317 | 177 | 6 |
| Others | 1382 | 998 | 115 |
In conclusion, the markets surged by 2.15% in this week and continued their run in the positive territory. With the dramatic turnarounds seen in the last 3 days, it is evident that the news flows are weighing heavily on the markets and investors can panic with any sudden negative sentiment. Ahead today, the US employment data will be published, which will decide the direction of the global markets in the next week.
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