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Indian stock market daily closing report (July 29, 2010)

Contributed by Nirmal Bang

By Nirmal Bang

The markets opened flat, traded within a tight range throughout the day amid high volatility and ended with modest gains. All the major sectoral indices ended on a flat note Auto and Banking counters being the highest gainers. The Sensex closed at 17,992 up 34 points after trading in the range of 18,013-17,902 while Nifty was at 5,408 up 11 points after making an intraday high of 5,415. The Mid Cap and Small Cap indices both ended on a very flat note. The breadth of the market was relatively flat and the total turnover recorded at Rs 1,67,659CR. The Nifty July future ended at 5,409 up by 89 points and the Aug Fut ended with 14 points premium.

In FMCG space HUL was up by 1.28%, ITC was up by 1.11% & Dabur was down by 2.04% .

In Metal space Hindalco was up by 1.77%, Sterlite Inds. was up by 1.39% while Jswsteel was down by 1.58%, Sail was down by 0.82%, Sesagoa was down by 0.78% & Tatasteel was down by 0.07%.

In Oil & Gas Space Gail was up by 1.74%, Cairn was up by 1.56% while IOC was down by 2.08%, HPCL was down by 1.71%, Reliance Industries was down by 1.39%, BPCL was down by 0.72% & Essaroil was down by 0.93%.

In Auto space Tatamotors was up by 1.72% while Maruti was down by 0.70% & M&M was down by 0.21%.

Amongst the Senex gainers DR. Reddy was up by 3.08%, HDFC was up by 2.75% & IDFC was up by 2.60%.

Amongst the Sensex losers Tata Communication was down by 5.04%, Suzlon was down by 3.51% & Welcorp was down 2.90%.