Frontline indices were unchanged in the short 'muhurat
trading' session, held on Diwali day. Markets started
firm, but lost ground as the session progressed and ended
with modest gains. Though select stocks sustained their
rally, others were subdued.
closed with marginal gains of 27 points at 12737 and the
Nifty ended higher by 7 points at 3684. Nifty October
futures closed at a premium of 2 points to the spot index.
was the best performer for the second day running and
ended with gains of nearly 4 per cent.
marketing stocks rallied as crude prices cooled off, despite
the OPEC decision to cut output. HPCL added nearly 4 per
cent and BPCL ended well over 2 per cent higher.
Steel remained firm and gained another 1.5 per cent.
Ambuja gained nearly a per cent on good quarterly results
ITC, Ranbaxy, Suzlon, Bajaj Auto and Gail India were the
continued to decline and lost another per cent. ICICI
Bank closed more than 0.5 per cent lower.
corrected nearly a per cent after gaining yesterday. HCL
Tech lost more than 0.5 per cent.
gave up its gains from yesterday and closed more than
0.5 per cent lower.
Reddy, Reliance Communications, Tata Motors, Glaxo and
Hindalco were the other losers.
and small caps did way better than large caps today. They
opened strong and continued to gain through the short
session and ended with very good gains.
The CNX Mid-Cap index ended with gains of 26 points, or
0.56 per cent, at 4767. BSE mid-cap index gained 1.17
per cent and the BSE small cap index added 1.55 per cent.
IT stocks were once again the best performers. Tech Mahindra
added another 10 per cent, taking the total gains in three
sessions to 35 per cent. NIIT Technologies gained 11 per
cent taking total gains over two sessions to over 22 per
cent. RS Software was locked in the 10 per cent upper
Gear, DCM, Khaitan Electricals, Mangalam Drugs, Bartronics
and Opto Circuits were locked in 10 per cent upper circuits.
Limited, K Sera Sera, JHS Svendgaard Labs, Escorts and
Jai Balaji Sponge were among the major mid-cap losers.
may have positions in some of the stocks specifically
mentioned above at the time of writing this article. This
analysis / report is only for the purpose of information
and is not an investment advice. Readers are advised to
consult a certified financial advisor before taking any
investment decisions. While efforts have been made to
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in the content the author or publisher shall not be held
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