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Indian stock market daily closing report (September 03, 2010)

Contributed by Nirmal Bang

By Nirmal Bang

The consolidation phase continues in the market for the second day and ended with marginal losses. Moderate buying was seen in Reality and Auto counters while Metal and Oil & Gas counters remained under selling pressure. The Sensex closed at 18,221 down 17 points and the Nifty was at 5,479 down 7 points after making an intra-day high of 5,510. The Mid cap and Small cap indices were up by 0.97% and 0.94% respectively. The breadth of the market was positive and the total turnover recorded at Rs.82,444 Cr. The Sept future ended with 0.60 points premium. Sensex for week 223 points up while Nifty was up by 70 points.

In FMCG space while HUL was up by 1.08% while Dabur was down by 0.75%, ITC was down by 0.48%.

In Metal space Sesagoa was down by 1.89%, Sterlite Inds. was down by 1.06%, Hindalco was down by 0.92%, Jswsteel was down by 0.77%, Tatasteel was down by 0.45% & Sail was down by 0.16%.

In Oil & Gas Space ONGC was up by 0.96%, Gail was up by 0.65%, IOC was up by 0.16% while HPCL was down by 3.5%, BPCL was down by 1.15% & Reliance Industries was down by 1.01%.

In Auto space M&M was up by 0.39%, while Tatamotors was down by 0.26% & Maruti was down by 0.15%.

Amongst the Senex gainers Tatachem was up by 3.71%, Bajajauto was up by 3.13% & Unitech was up by 2.85%.

Amongst the Sensex losers HPCL was down by 3.52%, Suzzlon was down by 2.63% & Glenmark Pharma was down by 2.26%.