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Indian stock market daily closing report (July 30, 2010)

Contributed by Nirmal Bang

By Nirmal Bang

The markets opened with a downside gap on account of weakness seen across the globe and ended in red. All the major sectoral indices ended on a in red Technology and Reality counters being the worst hit. The Sensex closed at 17,868 down 123 points after trading in the range of 18,000-17,838 while Nifty was at 5,367 down 41 points after making an intraday high of 5,413. The Mid Cap and Small Cap indices both were up by 0.35% and 0.20%. The breadth of the market was relatively flat and the total turnover recorded at Rs 86,336CR. The Aug Nifty Future ended with 3 points premium. Sensex for the week was down by 262 points while Nifty was down by 82 points.

In FMCG space Dabur was up by 0.35% while HUL was down by 2.44% & ITC was down by 0.79%.

In Metal space Tatasteel was up by 0.18% while Jswsteel was down by 2.24%, Sterlite Inds. was down by 2.21%, Sesagoa was down by 2.17%, Hindalco was down by 0.81% & Sail was down by 0.41%.

In Oil & Gas Space IOC was up by 1.95%, Essaroil was up by 1.13% while Gail was down by 2.88%, HPCL was down by 0.47%, Reliance Industries was down by 0.26%, BPCL was down by 0.24% &Cairn was down by 0.18%.

In Auto space M&M was up by 1.74% while Tatamotors was down by 1.58% & Maruti was down by 0.13%.

Amongst the Senex gainers Tatacomm. was up by 4.05%, HCL tech. was up by 3.65% & M&M was up by 1.74%.

Amongst the Sensex losers ABB was down by 4.08%, Bhartiairtl was down by 3.17% & Gail was down by 2.88%.