Reports » India

Indian stock market daily closing report (January 08, 2010)

Contributed by Nirmal Bang

By Nirmal Bang

The benchmark indices recovered sharply from their intra-day lows and ended flat after a very volatile session. The Sensex closed at 15,935 up 20 points after seeing day's low of 15,651. The Nifty shut at 4,760 up 3 points after hitting an intra-day low of 4,675. Buying was seen in banking, telecom and FMCG stocks while reality and metals stocks showed weakness. The broader indices closed flat and the breadth was mixed. The markets reported total turnover of Rs 1,11,939 cr. The Feb nifty future ended with 6 points premium.

In the FMCG, Hind Lever was up 2.3% while ITC closed down 0.9%.

Bank stocks witnessed huge buying. State Bank was up 1.7%, Bank of Baroda up 1.8%, Bank of India up 2.2%, Punjab Nat Bank up 3.4% and Kotak Bank up 1.3%.

Telecom stocks witnessed buying interest. Bharti Airtel closed up 2.8%, RCOM up 3.4%, MTNL up 1.8%.

Metals stock witnessed profit booking. Tata Steel lost 4.5%, Hindalco down 3.4%, Jindal St Power down 0.9% and Sail was down 0.9%.

In the technology stocks, Infosys shut up 0.9%, Wipro lost 1.3% and TCS lost 0.7%.

Today's new listing - Jubilant Foodworks closed at Rs 229, a premium of 57.93% over its issue price of Rs 145.

Among the Sensex gainers, Bharti Artel was up 2.7%, ONGC up 1.8%, Hind Lever up 1.75% and State Bank was up 1.1%.

And the major losers were Tata Steel down 4.4%, Hindalco down 3.7% and Wipro down 1.7%.