Indian markets were witnessing a volatile session with benchmark indices giving up all the gains of the
morning session amid profit booking ahead of holiday tomorrow and F&O expiry a day later.
Markets will remain closed tomorrow on account of Christmas. Broader markets were however
outperforming as market regulator SEBI relaxed norms on trading of thinly-traded stocks, paving way
for many illiquid stocks to shift to normal trading session from the periodic call auction window.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares
traded 2376, shares advanced were 1330 while 900 shares declined and 146 were unchanged.
Earlier, tracking firm cues from Asian peers, the domestic bourses belled in positive terrain with capital
goods and PSU stocks.
Realty stocks extended their recent gains triggered by ICICI Bank, State Bank of India and HDFC cutting
interest rates on home loans. Pharma stocks gained on renewed buying. Shares of Sesa Sterlite fell
2.63% on reports that CBI has started a probe into possible irregularities in its stake buy in Hindustan
Zinc.
Shares of tyre maker Apollo Tyres surged today. Stock has rallied 25% in past seven trading session
after the company said Delaware Supreme Court has ruled in its favour in its ongoing spat with USbased
Cooper Tire over their proposed $2.5-billion merger agreement.
At present, BSE SENSEX was at 21096.61 down by 4.42 points while NSE Nifty was at 6287.40 up by
2.90 points.
morning session amid profit booking ahead of holiday tomorrow and F&O expiry a day later.
Markets will remain closed tomorrow on account of Christmas. Broader markets were however
outperforming as market regulator SEBI relaxed norms on trading of thinly-traded stocks, paving way
for many illiquid stocks to shift to normal trading session from the periodic call auction window.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares
traded 2376, shares advanced were 1330 while 900 shares declined and 146 were unchanged.
Earlier, tracking firm cues from Asian peers, the domestic bourses belled in positive terrain with capital
goods and PSU stocks.
Realty stocks extended their recent gains triggered by ICICI Bank, State Bank of India and HDFC cutting
interest rates on home loans. Pharma stocks gained on renewed buying. Shares of Sesa Sterlite fell
2.63% on reports that CBI has started a probe into possible irregularities in its stake buy in Hindustan
Zinc.
Shares of tyre maker Apollo Tyres surged today. Stock has rallied 25% in past seven trading session
after the company said Delaware Supreme Court has ruled in its favour in its ongoing spat with USbased
Cooper Tire over their proposed $2.5-billion merger agreement.
At present, BSE SENSEX was at 21096.61 down by 4.42 points while NSE Nifty was at 6287.40 up by
2.90 points.
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