Why BSE Sensex,NSE Nifty futures down december 30 2011

Why BSE Sensex,NSE Nifty futures down december 30 2011 ; The last week of 2011 started on a positive note with the main indices rising on Monday. But the markets fell in the remaining four days, including on Thursday when the December derivative contracts expired. The F&O rollover into January is believed to have been mostly bearish amid persistent uncertainty about the evolving domestic economic situation.

The eurozone debt crisis continues to act as a major overhang on global markets. One positive thing is that food inflation has cooled off substantially, thanks in part to a high base effect. One has to see if the headline WPI also softens equally sharply or not. If it does, then the RBI may just advance its proposed unwinding of the monetary tightening. One also hopes that post assembly elections, the Government might also manage to muster enough gumption to carry out few important reforms. A combination of the last two developments alone can act as a big catalyst for a bounce back in the markets.

The BSE Sensex ended the week at 15,455 and the NSE Nifty closed at 4,624, down ~2% each for the week.

Sensex top gainers: The top gainers in the Sensex were Bharti Airtel (up 3.9%), Hero Motocorp (up 3%), Infosys (up 2.7%), NTPC (up 1.6%) and Grasim Inds (up 1.3%)

Sensex Top losers: The top losers in the Sensex were Reliance Inds (down 7.2%), Maruti Suzuki (down 5.9%), DLF (down 5.6%), Reliance Infrastructure (down 5.3%) and ICICI Bank (down 5.1%),

The BSE IT Index (up 1.3%): The top gainers in the IT sector were Infosys (up 2.7%), Oracle Financial (up 2.3%), Patni Computer (up 0.5%), TCS (up 0.3%) and Satyam Computer (up -0.2%).

The top losers in the IT sector were FT (down 3.2%), Wipro (down 1.8%), Mphasis (down 1.8%), Sasken (down 1.6%) and HCL Tech (down 0.4%).

The BSE Healthcare Index (up 0.2%): The top gainers in the Pharma space were Glenmark Pharma (up 7.9%), Cadila Healthcare (up 6.8%), Strides Arcolab (up 6%), Lupin (up 4.7%) and Divi Labs (up 2.4%).

The top losers in the Pharma were Suven Life Sciences (down 8.9%), Morepen Labs (down 8.5%), Panacea Biotec (down 4.8%), Wockhardt (down 4.7%) and Fresenius Kabi (down 3.6%).

The BSE Banking Index (down 4.0%): The top performers in the Banking space were Canara Bank (up 0.6%) and Union Bank of India (up -0.6%).

The top losers in the banking space were OBC (down 10%), Bank Of India (down 9%), Axis Bank (down 8.2%), Indian Overseas Bank (down 6.2%) and Kotak Mahindra Bank (down 5.8%).

Other notable losers were Bank of Baroda (up -1.5%), SBI (up -1.7%) and HDFC Bank (up -2.4%).

The BSE Auto Index (down 1.7%): The top gainers in the Auto space were Hero MotoCorp (up 3%), Eicher Motors (up 1.2%), Swaraj Mazda (up 1.1%), Bajaj Auto (up -0.4%) and M&M (up -2.1%).

The top losers in the Auto space were Hindustan Motors (down 6.8%), Maruti Suzuki (down 5.9%), Ashok Leyland (down 3.6%), Tata Motors (down 3.4%) and M&M (down 2.1%).

The BSE Oil & Gas Index (down 5.0%): The top gainers in the oil & gas space were Shiv-Vani Oil & (up 1.9%), Essar Oil (up 1.7%), Gujarat NRE Coke (up 0.3%), Cairn India (up -1%) and ONGC (up -2.1%).

The top losers in the Oil & Gas space were Great Offshore (down 12.9%), GSPL (down 8.2%), MRPL (down 7.7%), RIL (down 7.2%) and IOC (down 7.1%).

The BSE Capital Goods Index (down 1.1%): The top gainers in the Capital Goods space were Greaves Cotton (up 7.6%), Areva T&D India (up 5.9%), SKF India (up 5.8%), Jyoti Structures (up 5.4%) and Dredging Corp (up 5%).

The top losers in the Capital Goods were Elgi Equipments (down 5%), Alstom Projects (down 4.4%), Bharat Electron (down 3.5%), Astra Microwave (down 3.3%) and Siemens (down 2.4%).

The Cement Sector: The top gainers in the Cement sector were Grasim Inds (up 1.3%), Gujarat Sidhee (up 0.7%), Shree Cement (up 0.4%), ACC (up -0.2%) and JK Cements (up -0.2%).

The top losers in the Cement sector were Mangalam Cement (up -9.3%), India Cements (up -4.4%), Dalmia Cement (up -3%), Binani Indus (up -2.3%) and Kakatiya Cement (up -1.9%).

The Telecom Sector: The top gainers in the Telecom space were Idea Cellular (up 4.5%), Reliance Com (up 4.3%), Bharti Airtel (up 3.9%), Tata Communications (up 2.5%) and Gemini Comm (up 0%).

The top losers in the Telecom were Tata Teleservices (down 9.2%), WWIL (down 6.3%), Shyam Telecom (down 6%), and MTNL (down 4.4%).

The Realty Sector (down 3.6%): The top gainers in the Real Estate space were Ansal Properties (up 3.1%), Peninsula Land (up 1.8%), Parsvnath Developers (up 1.3%), Omaxe (up 0.8%) and Unitech (up -2.5%).

The top losers were HDIL (down 7.1%), Anant Raj Indus (down 6.5%), DLF (down 5.6%), Sobha Developers (down 4.2%) and Mahindra Lifespaces (down 2.8%).

The Metals sector (down 2.5%): The top gainers in the Metals sector were SAIL (up 1.8%) and Bhushan Steel (up 0.1%).

The top losers in the Metals sector were Tata Sponge (down 10.5%), Jindal Steel (down 6.8%), Adhunik Metaliks (down 6.6%), Lloyds Metals (down 4.9%), Tata Steel (down 3.4%) and JSW Steel (up -1.1%). For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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