Indian Markets Kick Off 2011 on a Positive Note

Strategic Insights -

The Indian markets started the new year on a strong footing, with the bulls taking the lead despite a slow morning session. The key indices, Sensex and Nifty, showed significant gains, with the BSE's Sensex jumping 86.12 points to reach 20,595.21, a 0.42% increase. The Nifty also followed suit, rising 26.30 points to touch 6160.80, a 0.43% growth. The broader market, represented by the BSE Midcap and Smallcap Indices, also showed a positive trend, with the former rising 1% and the latter increasing by 1.44%.

Key Takeaways:

  • The Sensex touched a high of 20,664.80 and a low of 20,567.16 during the trading session.
  • The Nifty reached a high of 6,178.55 and a low of 6,152.30 intraday.
  • The BSE Metal Index rose 1.91%, while the BSE Auto Index increased by 0.85%.
  • Tata Steel, Sterlite Industries, and Jaiprakash Associates were among the top Nifty gainers with a share price increase of 2.77%, 2.38%, and 2.27%, respectively.
  • NTPC, BHEL, and Cipla were the only Nifty losers with a share price decrease of 1.12%, 0.49%, and 0.47%, respectively.
  • The market breadth was positive, with 2,049 advances as compared to 654 declines.

Statistics:

  • Sensex at 11:30 am: 20,595.21, up 86.12 points or 0.42%.
  • Nifty at 11:30 am: 6,160.80, up 26.30 points or 0.43%.
  • BSE Midcap Index: up 1%.
  • BSE Smallcap Index: rose 1.44%.
  • BSE Metal Index: rose 1.91%.
  • BSE Auto Index: moved 0.85% higher.
  • BSE Realty Index: advanced 0.82%.
  • BSE IT Index: edged 0.03% lower.

Sources:

  • Times Content (for Reprint Rights): timescontent.com
  • IIFL report (quoted in the article): quoted verbatim