Indian Stocks markets opened on a flat note on Friday (December 28) following the negative global cues. The impact of assassination of former Pakistan Prime Minister Benazir Bhutto was seen on all the global market. Dow Jones lost around 200 points on Thursday and finally closed on flat note. Following this, Asian market also opened on a flat note, effecting the overall mood of the market.
BSE Benchmark Index, Sensex, opened at 20,158.12, down 58.6 points from its previous day close. It continued to oscillate around its previous day close for the next two-three session and finally lost 193 points to touch the days low of 20,022.88. However it recovered smartly in the last lap of the trading day on account of short covering across the board.
Midcap and Smallcap stocks continued to maintain their heads high. Midcap Index gained 145.71 points and Small cap gained 272.55 points. Smallcap index gained 286.25 points on Thursday.
Global Market
Asian stocks closed negative (Dec. 28, 2007) as investors feared political instability in the South Asian region following assassination of Pakistan`s former Prime Minister Benazir Bhutto. Investors further lost confidence after reports emerged that the markets in U.S and Japan are witnessing major slump.
Market Statistics
BSE Sensex closed with a marginal loss of 9.77 points, or 0.05%, to close at 20,206.95, while the broad-based NSE Nifty closed at 6,079.70, down 1.8 points, or 0.03%.
The BSE Midcap gained 1.55% and BSE Small cap advanced 2.16%.
Out of the total 2,953 stocks traded at the BSE, 2,270 advanced, 651 declined, while 32 remained unchanged.
Amongst the sectoral indices, Metal rose 2.47%, FMGC gained 1.20%, Capital goods gained 0.02%, Power gained 0.76%, Bankex gained 0.14%, IT declined 0.37% and Realty gained 3.90%.
Movers and Shakers
Gainers at the Sensex were DLF, which rose 5.31% to Rs 1,063.70, followed by Tata Steel, which rose 2.76% to close at Rs 931.40 and Ambuja Cement gained 2.75% to close at Rs 149.20. Other gainers were Grasim Industries, ITC, Hindalco and Ranbaxy.
Laggards at the BSE Sensex were Wipro, which declined 3.52% to close at Rs 529.95, Bharti Airtel declined 2.65% to Rs 940.70 and Bajaj Auto declined 2.30% to Rs 2,610.95. TCS and ICICI Bank also slipped.
Top Volumes
Ispat Industries topped the volume chart with 11,372,046 shares followed by Arvind Mills with 7,694,998 shares and Reliance Petroleum with 6,317,497 shares.
Top Turnover
REL topped the turnover chart with Rs 2,183 million followed by RIL with Rs 1,617.2 million.
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