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    Default Sensex ends lower by 57.74 points at 17,343.82

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    Snapping the positive trend of the last four sessions, the Sensex of the Bombay Stock Exchange today drifted lower by 57.74 points to end in the red at 17,343.82 on profit booking at higher levels by local operators in view of subdued trend in global markets.

    The Nifty also snapped a three-session winning streak and closed marginally lower by 18.50 points at 5,169.45 amid volatility, ahead of F and O expiry tomorrow. The Nifty was unable to hold the 5200 level as markets had witnessed lot of supply around this level. There was some bit of selling pressure again in late trade due to weak European cues. European markets were trading 0.3-0.6 per cent lower and US index futures were down 0.3-0.4 pc, at the time of closing of Indian equities. Asian markets closed mixed.

    Key heavyweight stocks registered modest losses as index pivotals underwent correction after four straight sessions of gains.

    Volatility was high as traders rolled over positions in the derivative segment from December 2009 series to January 2010 series, ahead of the expiry of the December 2009 contracts tomorrow, brokers said.

    After initial gains, the market lost ground in mid-morning trade.

    A strong intraday rebound pushed the market in positive zone in afternoon trade. The Sensex moved between positive and negative zone later. The market weakened in late trade as US index futures nudged lower.

    As per reports, rollover of Nifty positions from December 2009 series to January 2010 was 50 per cent, while the marketwide rollover stood at 49 per cent, as on yesterday.

    The Sensex opened marginally higher by 0.68 points at 17,402.24. It gained 38.49 points at the day's high of 17,440.05 in early trade.

    Sensex fell 78.76 points at the day's low of 17,322.80 in mid-morning trade.

    The S and P CNX Nifty index of National Stock Exchange (NSE) resumed flat at 5188.75 points and later recorded the day's high and low at 5197.05 and 5160.10 points respectively. Finally, it was down 18.50 points and closed low at 5169.45 as against 5187.95 on previous day.

    Turnover improved a bit ahead of F and O expiry on Thursday. The markets reported total turnover of Rs 95,658.15 crore. This included Rs 11,650.18 crore from the NSE cash segment, Rs 79,691.40 crore from the NSE F and O and the balance Rs 4,316.57 crore from the BSE cash segment.

    Trading in BSE and NSE will remain closed on January one, 2010, for the New Year holiday.

    Among BSE key indices, FMCG index dropped slightly by 1.12 per cent to settle at 2796.91 points, Metal index was lower by 0.77 per cent to 17,359.12 pts, CG index by 0.69 pc to 13,962.44 points and Oil and Gas index by 0.50 pc to 10,367.61 pts.

    However, some leading BSE indices looked up modestly as CD index was up by 1.45 per cent to 3745.25 pts, SML CAP index by 1.13 pc to 8307.90 pts, Realty index by 0.55 pc to 3859.40 pts and Mid cap index by 0.33 pc to 6696.75 pts.

    ITC slipped by 2.15 per cent to Rs 250.80, leading the top losers in Group A on the BSE at the end of the session. Among the other heavyweight losers were Hero Honda, down by 2.08 per cent to Rs 1707.25, Sun Pharma by 1.26 per cent to Rs 1518.55, Hindalco by 1.23 per cent to Rs 160.55 and Tata Steel by 1.17 per cent to Rs 614.80.

    Among the top gainers were Reliance Infra by 1.59 per cent to Rs 1149.45, ACC by 1.29 per cent to Rs 870.90, Grasim Industries by 1.17 per cent to Rs 2454.05, M and M by 0.34 per cent to Rs 1062.40 and Tata power by 0.34 per cent to Rs 1355.60.

    Top percentage gainers were Shah Alloys, Nitin Fire Protection, Wim Plast, Money Matters and Emkay Global, locked at 20 per cent upper circuit.

    Jayant Agro-Org and Tinplate were up between 17 and 20 per cent. Sesa Goa, Tinplate, HDIL, Kalindee Rail, ICICI Bank and Unitech were most active shares on the bourses.

    In the midcap space, Essar Shipping, Gammon Infra, HOEC, JM Financial and Jagran Prakashan gained 6.5 to 11.6 pc, while Great Offshore, Godfrey Phillip, Max India, PTC India and GTL Infra declined between 2.5 and 5.3 pc.

    In the smallcap space, Venus Remedies and Fresenius Kabi were up between 11.5 and 12.5 pc. However, BL Kashyap, Gee Kay Finance, Garware Offshore, Advani Hotels and Zodiac Clothing lost between 4 and 6 per cent.


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