Friday, January 2, 2009

Market Watch: Ends higher amid volatile focusing on stimulus package release today, midcap, small cap shine

The indices opened on a firm note today, but quickly slipped into the red. Thereafter, alternate bouts of buying and selling continued till the end of the day, with the indices managing to close in the green despite a sell off towards the end. The Sensex closed higher by around 55 points, while the Nifty closed higher by 20 points. Stocks from the mid-cap and small-cap indices also ended in the positive territory. Stocks from the consumer durables, realty and banking space led the pack of gainers, while stocks from the IT and auto space led the pack of losers. Rupee closed at 48.92 against the US dollar. The Asian markets closed in the green today. The European indices are currently trading firm.

The markets had opened in green and immediately turned into choppy trade. In the afternoon session, both indices went up higher during the day; the Nifty has hit a high of 3079.85 while the Sensex crossed 10000 mark again and touched a high of Rs 10,070.28. But the markets tried very hard to remain on the higher side amidst volatility for major part of the day. Positive Asian and European markets also helped the benchmark indices a bit’s

allvoices

No comments: