FIRST LIGHT HEADINGS
- CARE reffirmsrating of RMMIL's bank facilities
- SAIL mulls to expand its scope of business in rural India
- Rain Commodities board recommends sub-division
- Educomp Solutions picks up majority stake in Gateforum Education Services
- CRISIL Equities assigns fundamental grade of 3/5 to Nahar Spinning Mills
- Chisel & Hammer acquiries Suparfine Jewels
- Forex researves drop $1965 million to $300.68 billion
- Aegis Logistics inks shareholders pact with Infrastructure India Holdings
- Copperegisters highest one day gain in three maonth
MARKET INDISE
On Friday 25 Feb 10, 2011, The start of the day was on an optimistic note and markets seemed on the recovery path with buying in the beaten down sectors but within an hour the mood got fizzled out and the markets dipped into red afterwards there was recovery in the markets again and it got strengthened with the optimistic view of the economic survey and by the time the rail budget was being presented it touched its peak for the day but then the selling once again appeared and led the markets lower and in the late afternoon the markets touched their low point of the day. Rate sensitive banking sector remained one of the top performers of the day with strength in counters like SBI, ICICI Bank, Canara Bank, Axis bank etc, in the late hours the FMCG counters too spurted up and buying was seen in ITC , Godrej Consumers and United Spirits. It was again a down day for the ADAG stocks that plunged in second half of the trade despite getting a positive start due to some ongoing rumor in the markets related to 2G probe. IT pack too remained in somber mood from the very beginning led by the plunge in one of the major constituent Mphasis, which declined by over 28% on reporting a dismal number for the first quarter. Final hour recover led the markets back into green and the benchmarks closed with gain of about half a percent.
The BSE Sensex gained 68.50 points or 0.39% to settle at 17,700.91 (Provisional). The index touched a high and a low of 17,812.44 and 17,469.97 respectively (Provisional). The advancing and declining stocks were evenly distributed on the index (Provisional). The S&P CNX Nifty rose 56.05 points or 1.07% to settle at 5318.75 (Provisional). The index touched a high and a low of 5338.20 and 5232.75, respectively (Provisional). 33 stocks advanced against 17 declining ones on the index (Provisional).
The BSE Mid-cap and Small-cap indices lost 0.22% and 0.31%, respectively (Provisional). In the BSE sectoral space Fast Moving Consumer Goods (FMCG) up 2.20%, Bankex up 1.86%, Auto up 0.75%, Consumer Durables (CD) up 0.52% and Public Sector Undertakings (PSU) up 0.14% were the major gainers (Provisional). On the other hand, Information Technology (IT) down 0.72%, Capital Goods (CG) down 0.49%, TECk down 0.49%, Power down 0.49% and Oil & Gas down 0.12% were the major losers in the BSE sectoral space (Provisional).
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