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| Market traded in a narrow range and closed with modest losses in today's trade. Sensex lost 30 points to close at 17554 while Nifty ended at 5252 down 7 points. BSE Mid-cap and Small-cap indices gained 0.3% and 0.4% respectively. PSU shares surged in today's trade after government's announcement of divestment of 10% stake in Engineers India yesterday. HDFC Bank, Axis Bank and Renuka Sugar came out with results which were above market expectation. For the week Sensex and Nifty have ended with a marginal gain of 0.08% and 0.14% respectively. BSE IT index was the star performer, galloping 9% week-on-week, followed by Teck index that gained 6.7%. Bankex and FMCG indices were down 2.3% and 1.8% over the week. European markets as well as US stock indices futures were almost flat ahead of the results from JP Morgan and a whole host of economic data including, Consumer Price index, Empire Manufacturing Index and Industrial Production. |
| BSE PSU index was the top gainer among the sectoral indices for the day, up 2%, followed by Realty index, up 0.7%. Oil & Gas and Capital Goods indices were down 0.9% and 0.6% respectively. R Com and ACC gained the most among the Sensex stocks, putting on 4.8% and 3% respectively while Hindalco and Sun Pharma lost the most, shedding 2.6% and 2% respectively. BSE advance-decline ratio stood at 1:1.06. |
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