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Indian stock markets take a flattish trading session

September 21st, 2011

The Indian stock markets had a rather flattish session today with not much gain or pain out of trades today from the large cap segment but there are indeed some nice positives in the midcap space.

The Sensex closed at 17065.15 losing 34.13 or 0.20% while similar trend is seen on NIFTY which closed at 5133.25 points losing 6.95 or -0.14%. The CNX Midcap however closed at 7468.00 gaining 76.50 points or 1.03% and the BSE Smallcap closed at 7352.01 gaining 51.84 or 0.71%.

The Asian markets are largely positive except for Hang Seng which was down 190 points. The Europe opened for trades for Sep 21 and are trading in the red. Earlier yesterday (Sep 20), the US markets closed with mixed indications. Dow Jones was marginally in the red while Nasdaq is down 22 points at 2590.24.

Top gainers of the day includes Siemens, Ambuja Cements and ICICI Bank (all up over 2%), Jaiprakash Associates, SAIL, Wipro, Grasim, Reliance Communications and Axis Bank (all up over 1% each). On the losers end are Hero Motocorp (down over 3%), Hindalco, Maruti Suzuki, Cairn India (all three down over 2% each), Reliance, Bajaj Auto, Sesa Goa, TCS, HUL and GAIL (all down over 1% each).

Lumax Industries (BSE: 517206; NSE: LUMAXIND; ISIN: INE162B01018) is in news after reports emerged that Stanley Electric will be acquiring the Indian promoter’s 37% equity in Lumax Industries leading to a possible open offer. The script surged 4.04% and closed at Rs. 395.30 up Rs. 15.35 with a volume of 547.85k shares traded.

State Bank of India (BSE: 500112; NSE: SBIN; ISIN: INE062A01012) managed to close the day above the Rs. 2000 mark. The script closed the day at Rs. 2009.60 up Rs. 18.90 or 0.95% with a volume of 3.26m shares traded. SBI announced that it will offer a 25 bps concession on floating home loan rate. It will offer 25 bps concession on home loans till Dec 31.

Entry Filed under: Equity Markets, Banks & NBFC, Closing Bell, Engineering