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Indian stock market daily closing report (September 07, 2010)

Contributed by Nirmal Bang

By Nirmal Bang

The markets traded within a tight range throughout the day and ended with modest gains. Moderate buying was seen in Technology, Metal and Oil & Gas counters while Metal and Reality stocks witnessed some selling pressure. Cement and Sugar stocks showed spectacular recovery. The Sensex closed at 18,645 up 85 points and the Nifty was at 5,604 up 27 points after making an intra-day high of 5,625. The Mid cap and Small cap indices both ended on a flat note. The breadth of the market was relatively flat and the total turnover recorded at Rs.1,18,626 Cr. The Sept future ended with 14 points discount.

In FMCG space Dabur was up by 1.56%, while HUL was down by 0.99% & ITC was down by 0.48%.

In Metal space Jswsteel was up by 1.48% ,Sail was up by 0.38%, Hindalco was up by 0.17% while Sesagoa was down by 0.53%, Sterlite Inds. was down by 0.36% & Tatasteel was down by 0.27%.

 In Oil & Gas Space Reliance Industries was up by 0.39% while Gail was down by 0.95%, BPCL was down by 0.57%, ONGC was down by 0.36%, HPCL was down by 0.29% & IOC was down by 0.18%.

In Auto space Maruti was up by 0.94%, Tatamotors was up by 0.52% while M&M was down by 1.02%.

Amongst the Senex gainers India Cement was up by 9.72%, Ambuja Cement was up by 7.81%, Ultratech was up 7.70% & ACC was up by 6.67%.

Amongst the Sensex losers Ranbaxy was down by 2.17%, Unitech was down by 2.04% & IDBI was down by 1.81%.