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Indian stock market daily closing report (September 02, 2010)

Contributed by Nirmal Bang

By Nirmal Bang

The markets traded within a tight range after the positive momentum witnessed for two days and ended with modest gains. All the major sectoral indices ended on a very flat note. Sugar counters witnessed a significant spike on decontrol reports. The Sensex closed at 18,238 up 34 points and the Nifty was at 5,486 up 14 points after making an intra-day high of 5,513. The Mid cap and Small cap indices were up by 0.78% and 1.11% respectively. The breadth of the market was positive and the total turnover recorded at Rs.1,02,680 Cr. The Sept future ended with 3 points discount.

In FMCG space while ITC was up by 1.07%, HUL was up by 0.86% & Dabur was up by 0.71% .

In Metal space Sterlite Inds. was up by 2.7%, Tatasteel was up by 1.10%, Sail was up by 2.0%, Jswsteel was up by 0.5% while Sesagoa was down by 0.8% & Hindalco was down by 0.03%.

In Oil & Gas Space IOC was up by 0.1%, Reliance Industries was up by 0.1% while Gail was down by 2.2%, ONGC was down by 1.3% & HPCL was down by 0.9%.

In Auto space Tatamotors was up by 0.6%, Maruti was up by 0.3% while M&M was down by 0.6%.

Amongst the Senex gainers Suzzlon was up by 10.19%, HCL Techno was up by 4.53% & JP Associate was up by 4.32%.

Amongst the Sensex losers Herohonda was down by 3.35%, Adani enterprise was down by 2.90% & Gail was down by 2.20%.