Post Market Scene

Post Market Scene

02 January 12 | 03:30 PM

Nifty

4,636.75  +12.45(0.27%)

Indian Markets closed flat today to start of calendar year 2012 on a cautious note with the Sensex and Nifty ending the day with a positive bias of 0.41% and 0.27% respectively.

The BSE sectoral indices closed with mixed endings today with the BSE FMCG Index, BSE Auto Index and BSE Power Index registering losses of 1.31%, 1.20% and 0.44% respectively while the BSE Consumer Durables Index, BSE IT Index and BSE Oil & Gas Index ended with gains of 1.35% 1.23%, and 1.31%. Prominent stocks that stood out today included Reliance Communications, Tata Motors and Coal India which logged in gains of 2.93%, 2.94% and 3.83% respectively while others like Sesa Goa, Hero Motocorp and Hindalco Industries finished negative with losses of 3.86%, 3.48% and 3.11% respectively.

Most Asian Markets like the Nikkei, Hang Seng and Strait Times are shut for the day. European Markets like the CAC and DAX are trading positive with gains of 0.72% and 1.45% respectively. The FTSE will remain shut today.

Highlights

Bayer Crop Science Ltd: The stock hit an intraday high at Rs 760 with a gain of 6.59% on the back of news that the company has received an advance payment of Rs 260 crore from Agile Real Estate Private Limited for the proposed sale of 100 acres land in Thane, near Mumbai. The conveyance, transfer, sale and possession of the property is to be completed at a future date with respect to relevant approvals and permission requirements from the Government and other statutory bodies. The share ended the day at Rs 734.75 with a gain of 2.91%.

Bajaj Auto Ltd: The share plummeted despite its December sales rising w.r.t the same time last year. This was on the back of decline in month on month sales from November 2011 and the management expressing slowdown concerns. The total sales for December 2011 (inclusive of exports) stands at 3,05,690 versus a 2, 76,803 in December 2010 signifying a sales growth of 10.44%. The sales in November 2011 stood at 3,74,477 resulting in a month on month decline of 18.37% w.r.t December 2011.The share ended the day at Rs 1475.50 with a loss of 7.28%.

Coal India: The Company’s counter traded positive throughout today’s trading session on the back of news that the company in its 30th Dec 2011 meeting shifted non cooking coal’s pricing (changed benchmark basis from Useful heat Value to Gross Caloric Value) in accordance with international pricing. This will result in the current prices of non cooking coal being 30%-60% higher than the previous average prices, thus benefiting Coal India. The share ended the day at Rs 312.15 with a gain of 3.83%.