nick18_in
Nikhil Gadodia
http://www.managementparadise.com/forums/SEE-SAW SENSEX ENDS WITH MARGINAL GAINS
Srividhya Sivakumar
The Hindu Business Line
Positive cues from global markets failed to enthuse the Indian stock markets, which remained volatile the whole day.
Even though the markets opened on a positive note, profit booking at higher levels trimmed the gains. Sensex, after trading in the positive terrain during the morning session, succumbed to selling pressure in the after noon session.
But thanks to selective buying in the index heavyweights, it managed to close with marginal gains. Nifty, however, ended flat. The overall sentiment in the market remained cautious, with only a single stock advancing for every two declines.
Ranbaxy was the top gainer among the large caps. The stock appreciated about 1.6 percent on receiving a tentative approval from the US Food and Drug Administration (USFDA) for cholesterol-lowering tablets. Among the other gainers were BHEL, Hindalco, Bharti Airtel, ICICI Bank and Reliance Communication. Reliance Energy, however, was the top loser among the BSE-30 pack. Other stocks that moved southwards were Cipla, Gujarat Ambuja Cements, ACC, ITC and Dr. Reddy's Laboratories.
The consumer durable stocks traded weak, with the respective index losing close to 2 percent on the bourses. Rajesh Exports, Gitanjali Gems and Blue Star were among the scrips that closed in the red. Auto stocks too were in the reverse gear. MRF, Amtek Auto, Escorts, TVS Motors and Apollo Tyres were among the losers.
Among other gainers for the day were Kotak Mahindra Bank, Adani Enterprises, Sterling Biotech, IDBI and Century Textiles. Dena Bank, Suzlon Energy, Sun TV, IndusInd Bank and MphasiS BFL were among the counters that declined.
Srividhya Sivakumar
The Hindu Business Line
Positive cues from global markets failed to enthuse the Indian stock markets, which remained volatile the whole day.
Even though the markets opened on a positive note, profit booking at higher levels trimmed the gains. Sensex, after trading in the positive terrain during the morning session, succumbed to selling pressure in the after noon session.
But thanks to selective buying in the index heavyweights, it managed to close with marginal gains. Nifty, however, ended flat. The overall sentiment in the market remained cautious, with only a single stock advancing for every two declines.
Ranbaxy was the top gainer among the large caps. The stock appreciated about 1.6 percent on receiving a tentative approval from the US Food and Drug Administration (USFDA) for cholesterol-lowering tablets. Among the other gainers were BHEL, Hindalco, Bharti Airtel, ICICI Bank and Reliance Communication. Reliance Energy, however, was the top loser among the BSE-30 pack. Other stocks that moved southwards were Cipla, Gujarat Ambuja Cements, ACC, ITC and Dr. Reddy's Laboratories.
The consumer durable stocks traded weak, with the respective index losing close to 2 percent on the bourses. Rajesh Exports, Gitanjali Gems and Blue Star were among the scrips that closed in the red. Auto stocks too were in the reverse gear. MRF, Amtek Auto, Escorts, TVS Motors and Apollo Tyres were among the losers.
Among other gainers for the day were Kotak Mahindra Bank, Adani Enterprises, Sterling Biotech, IDBI and Century Textiles. Dena Bank, Suzlon Energy, Sun TV, IndusInd Bank and MphasiS BFL were among the counters that declined.