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Indian stock market daily closing report (September 01, 2010)

Contributed by Nirmal Bang

By Nirmal Bang

The markets showed a spectacular rally during the last two hour of trade after weakness seen for past few sessions and ended on a very strong note. All the major sectoral indices ended on a very strong note Metal and Reality counters being the highest gainers. The Sensex closed at 18,205 up 235 points and the Nifty was at 5,472 up 69 points after making an intra-day high of 5,478. The Mid cap and Smallcap indices were up by 1.71% and 1.86% respectively. The breadth of the market was very strong and the total turnover recorded at Rs.1,10,710 Cr. The Sept future ended with 7 points premium.

In FMCG space while Dabur was up by 1.40%, HUL was up by 0.81% while ITC was down by 0.03%.

In Metal space Hindalco was up by 4.71%, Jswsteel was up by 4.23%, Sterlite Inds. was up by 4.12%, Sesagoa was up by 3.14%, Tatasteel was up by 2.91% & Sail was up by 1.20%.

In Oil & Gas Space IOC was up by 3.84%, BPCL was up by 2.36%, Reliance Industries was up by 2.07%, HPCL was up by 1.70%, Gail was up by 1.19% while ONGC was down by 0.40%.

In Auto space Maruti was up by 0.89%, Tatamotors was up by 0.18% while M&M was down by 0.05%. Amongst the Senex gainers Rcom was up by 4.94%, Tatacom was up by 4.90% & Hindalco was up by 4.48%.

Amongst the Sensex losers Herohonda was down by 1.85%, Ambujacem was down by 1.08% & Asian Paint was down by 0.89%.