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Indian stock market daily closing report (August 31, 2010)

Contributed by Nirmal Bang

By Nirmal Bang

Market opened weak as Global cues were weak, but we saw recovery in later half of the day. we saw selling pressure in Sectors like Oil & Gas, Realty, & Metal. We saw buying in stocks like United Breweries was up by 10.55%, Emami was up by 4.37% & Radico was up by 3.79%. Market closed at 5402 down by 13 points, before making an intraday High of 5514 and Low of 5349. The benchmark Index Sensex closed at 17,971 down by 61 points before making an intraday high of 18,016 & low of 17,820. Among the broader indices - The BSE Midcap Index was down by .58% and Small cap was down by .91% Today's market breadth was negative and Total Turnover was at 1,24,883Cr.

In Oil & Gas space, Reliance was down by 3.05%, HPCL was down by 1.40%, BPCL was down by 1.23% & ONGC was down by .42%.

In Realty Space, HDIL was down by 3.04%, IBull Realty was down 2.3%, DLF was down by 1.82% & Unitech was down by .89%.

In Metal space, Jindal Steel was down by 2.11%, Tata Steel was down by 1.05%, Sterlite was down by 1.05% & Sail was down by .27%.

In FMCG counter, Colgate was up by 3.46%, Dabur was up by 2.2%, ITC was up by 2.1% & HUL was up by .46%.

Among the Sensex gainers were M&M was up by 2.85%, ITC was up by 2.10%, Maruti was up by 1.68% & Tata Motors was up by 1.61%.

Among the Sensex losers were Rcom was down by 3.61%, JP Asscoiates was down by 3.54%, Reliance was down by 3.05% & Jindal Steel was down by 2.11%.