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

Contributed by Nirmal Bang

By Nirmal Bang

The markets opened with an upside gap but trimmed off it's gains and ended with modest gains. All the major sectoral indices ended on a flat note, Banking and Reality being the highest gainers. The Sensex closed at 18,032 up 33 points and the Nifty was at 5,415 up 6 points after making an intra-day high of 5,465. The Mid cap and Small cap indices ended on a flat note. The breadth of the market was relatively flat and the total turnover recorded at Rs.1,02,349 Cr. The Sept future ended with 14 point premium.

In FMCG space while ITC was down by 0.93%, HUL was down by 0.06% & Dabur was down by 0.05%.

In Metal space Tatasteel was up by 3.91%, Jswsteel was up by 2.53%, Hindalco was up by 2.13%, Sail was up by 1.27%, Sterlite Inds. was up by 0.82% & Sesagoa was up by 0.49% .

In Oil & Gas Space ONGC was up by 2.24%, Gail was up by 0.41%, HPCL was up by 0.29% while BPCL was down by 1.11%, Reliance Industries was down by 0.55% & IOC was down by 0.08%.

In Auto space Maruti was up by 1.36%, Tatamotors was up by 0.33% while M&M was down by 0.24%.

Amongst the Senex gainers Powergrid was up by 4.17%, Tatasteel was up by 3.91% & PFC was up by 3.15%.

Amongst the Sensex losers HCL Techno was down by 2.42%, Siemens was down by 2.23% & Suzzlon was down by 2.20%.