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Indian stock market daily closing report (August 27, 2010)

Contributed by Nirmal Bang

By Nirmal Bang

The markets witnessed a deep cut after consolidation for the past few days and ended on a very weak note. All the major sectoral indices ended in red Reality and Banking counters being the worst hit. The Sensex closed at 17,998 down 227 points and the Nifty was at 5,408 down 69 points after making an intra-day high of 5,495. The Mid cap and Small cap indices were down by 1.10% and 1.49% respectively. The breadth of the market was negative and the total turnover recorded at Rs.1,08,030 Cr. The Sept future ended with 4 point discount. Sensex for the weak was down by 400 points while Nifty was down by 120 points.

In FMCG space while Dabur was down by 1.52%, ITC was down by 1.25% while HUL was down by 0.45%.

In Metal space Tatasteel was up by 1.20%, Sterlite Inds. was up by 0.20%, Hindalco was up by 0.03% while Jswsteel was down by 0.97%, Sesagoa was down by 1.13% & Sail was down by 0.46%.

In Oil & Gas Space Gail was up by 2.77%, HPCL was up by 1.24%, IOC was up by 1.29%, BPCL was up by 1.17%, while Cairn was down by 1.36%, Reliance Industries was down by 0.99% & Essaroil was down by 0.59%.

In Auto space M&M was down by 1.37%, Tatamotors was down by 0.91% & Maruti was up by 0.62%.

Amongst the Senex gainers ONGC was up by 2.87%, Gail was up by 2.77% & HPCL was up by 1.24%.

Amongst the Sensex losers HDIL was down by 3.69%, Bank of India was down by 3.37% & DLF was down by 3.30%.