Stock Market Technical Report- Wednesday 10th August 2011
Today markets performed very well as The US Federal Reserve's decision of not increasing interest rates for two years left a positive impact on markets. Both benchmark indices closed with significant gains. Auto sectors were the best performers of today's trade. Banking, Realty, Fertilizer stocks also performed very well only oil & gas closed with moderate loss. The CNX Midcap index was up by 1.8% and the BSE Smallcap index also gained 2.5% in today's trade. The Sensex closed at 17130 which is up by 273 points from its previous close. The Nifty settled at 5161 which is up by 88 points. Today's Top Gainers were Tata Motors Ltd. with +6.32%, Maruti Suzuki India with +5.42%, Mahindra & Mahindra with +5.38%, Hindalco Industries with +5.37%, Steel Authority with +4.85%. Top Loosers were Grasim Industries with -2.08%, ONGC with -2.07%, ITC Ltd. with -1.33%, Cairn India Ltd. with -1.01%, Hindustan Unilever L with -.99%.
Today markets performed very well as The US Federal Reserve's decision of not increasing interest rates for two years left a positive impact on markets. Both benchmark indices closed with significant gains. Auto sectors were the best performers of today's trade. Banking, Realty, Fertilizer stocks also performed very well only oil & gas closed with moderate loss. The CNX Midcap index was up by 1.8% and the BSE Smallcap index also gained 2.5% in today's trade. The Sensex closed at 17130 which is up by 273 points from its previous close. The Nifty settled at 5161 which is up by 88 points. Today's Top Gainers were Tata Motors Ltd. with +6.32%, Maruti Suzuki India with +5.42%, Mahindra & Mahindra with +5.38%, Hindalco Industries with +5.37%, Steel Authority with +4.85%. Top Loosers were Grasim Industries with -2.08%, ONGC with -2.07%, ITC Ltd. with -1.33%, Cairn India Ltd. with -1.01%, Hindustan Unilever L with -.99%.
