Mumbai: After two strong consecutive trading sessions, markets witnessed some consolidation for the first time in the last trading week of 2006.
However, the BSE Sensex ended in red down 13 points at 13846 while Nifty too went down 3.70 points at 3970.
Markets witnesses moderate losses on back of selling pressure across the sectors in later session on Thursday. It was a volatile day with low volume. Derivatives market was quite disappointing, which witnessed low open interest. Overall markets seemed to be in vacation mood.
BSE Midcap was up 10.84 points at 5754 and the Smallcap closed 3 points down at 6836.
The cap good index closed down 54 points at 8,989. Praj Inds, Ingersoll Rand and Aban offshore were top losers. The consumer durables went down 5 points at 3,492. Su-raj Diamond, BPL and Whirlpool were major losers. The oil & gas index was down 30 points at 6206. BPCL, Reliance natural and MRPL lost ground the most.
FMCG index ended in green, up by 9 points at 1952. Nestle, Tata Tea and ITC were leading gainers. Bankex was up 19 points at 7100. BOI, HDFC Bank and Oriental Bank were major gainers.
NSE cash turnover was Rs 9,944.85 crore and the BSE cash turnover stood at Rs 4169.29 crore during todays trade. The NSE F&O turnover was Rs 42619 crore. The total turnover was Rs 56733.36 crore.
Market Cues:
- Markets shed early gains to end flat on expiry day
- Sensex close at 13861.67; Nifty at 3978.35
- Banking stocks gain; HDFC Bank up 2%; ICICI Bank up 1%, OBC up 1.4%
- CNX Midcap Index up 0.42%; mid cap sugar, tea & pharma stocks gain
- Shree Renuka Sugar up 10%, Harrison Malayalam up 10%, Suven Life up 15%, Dishman Pharma up 13%
- BSE Small-Cap Index ends flat; led by small cap tea & pharma stocks
- Jayshree Tea up 19.23%, FDC up 9%
- LML up 20% for second day running; plans to re-start production
- NSE Advance Decline ratio at 5:4
- Total market turnover at Rs 56733.36 cr Vs Rs 51280.61 cr on Wednesday
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