New Delhi: The market ended on a firm note. The Sensex closed up over 65 points and Nifty up over 25 points. Buying was seen in oil, metal, pharma, capital goods, FMCG, technology and some consumer durables and auto stocks.
The markets ended on a firm note after some rangebound trade in positive territory. The Sensex closed up 65.74 points or 0.71 per cent at 9323.25. It touched an intraday high of 9338.11 and an intraday low of 9271.63.
The Nifty closed up 27.90 points or 1% at 2821.95. It touched an intraday high of 2829.40 and intraday low of 2792.75.
The CNX Midcap Index closed up 25.60 points or 0.65 per cent at 3986.20. It touched an intraday high of 3991.85 and an intraday low of 3964.75.
The BSE Small Cap Index closed up 75.80 points at 5861.53. The BSE Midcap Index closed up 29.56 points at 4378.47.
The market breadth was positive, about 1482 shares advanced, 920 shares declined, and 81 shares remained unchanged. The total market turnover was at Rs 41208.71 crore. NSE Advance-Decline ratio was at 9:5.
Cipla, Hindalco, HDFC, Reliance, ONGC, Dabur India and Sail were the biggest index gainers.
Hero Honda, Dr Reddy's Labs, SBI, Maruti Udyog, Tata Steel, VSNL and PNB were the biggest index losers.
Experts believe that it is quite possible for the Sensex to touch the 10,000 level prior to the Budget. Overall equities seem to be positive next year, while money making might not be very easy in the markets.
The turnover was average on expiry day at Rs 31453.15 crore. Rollover marked by high unwinding of positions. The marketwide rollover was at 79 per cent. The Nifty January Futures ended at a 10-point discount. It added over 45 lakh shares.
Reliance, SBI, BHEL, Reliance Capital, Tata Motors, Titan and VSNL were the top trades. The turnover in stock futures was at all-time high of 18,682.7 crore on expiry day.
FIIs were net sellers of Rs 34 crore in F&O and Rs 88 crore in Nifty Futures on December 28.
The BSE Oil and Gas Index outperformed the other indices. It closed up 1.53 per cent at 4423.84 due to buying in Petronet LNG, Reliance, ONGC, BPCL, Kochi Refineries, HPCL and MRPL.
Metal stocks like Sail, Hindustan Zinc, JSW Steel, Hindalco, Gujarat NRE Coke, Nalco and Sterlite Ind also ended in red. The BSE Metal Index closed up 0.83 per cent at 6354.76.
Capital goods stocks including Alfa Laval, BEML, Alstom Projects, Lakshmi Machine, BHEL, KEC International and Gammon India also moved up. The BSE Capital Goods Index closed up 0.78 per cent at 5730.20.
The BSE FMCG Index closed up 0.76 per cent at 1622.66 amid gains in Dabur India, Britannia, Nirma, HLL, Nestle, Colgate, ITC and Tata Tea.
Pharma stocks like FDC, Glenmark, Apollo Hospital, Cipla, Matrix Labs, Wockhardt, Aventis Pharma, Sun Pharma, Wyeth, Ipca Labs and Aurobindo Pharma also ended higher. The BSE Healthcare Index closed up 0.58 per cent at 3074.86.
Technology stocks including HCL Tech, Patni Computer, Hexaware Tech, Wipro, Satyam, TCS, I-Flex Solutions and HCL Info also witnessed buying interest. The BSE IT Index closed up 0.38 per cent at 3722.58.
The BSE Auto Index closed up 0.34 per cent at 4220.75 as auto stocks like Exide Industries, Tube Investment, Bharat Forge, Punjab Tractors, Ashok Leyland, Tata Motors and MICO also firmed up.
Some consumer durables, hotel, media, paper, shipping, sugar, tea and telecom stocks also gained.
However, banking stocks including UTI Bank, Canara Bank, Kotak Mahindra, Bank of Baroda, PNB, SBI, Andhra Bank and ICICI Bank ended lower in late trade. The BSE Bankex closed down 0.36 per cent at 4994.70.
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