Markets end marginally up on Muhurat trading

Our Bureaus Mumbai | Updated on October 27, 2011

There were no fireworks at the Muhurat trading session on the NSE and the BSE on Wednesday as both closed marginally in the green up just 0.2 per cent over their previous close.

The Nifty was marginally up 10.2 points and closed at 5,201.8 while the Sensex was up 33.97 points and closed at 17,288.83.

“The only salient feature of today’s Muhurat trading was that the street was not tempted to go all out buying stocks, making the trading session a little lethargic though it opened and closed in the green,” said Mr Arun Kejriwal, Founder KRIS Research.

All indices on the NSE and BSE were up, barring oil & gas and information technology. Stock markets were slightly volatile with the Volatility Index India VIX closing at 22.69, up 0.38 points.

Hindalco, Coal India, Cipla, SBI and PNB were the top gainers while Sesa Goa, Wipro, ICICI Bank, Infosys and RPower were the top losers.

Meanwhile, news of Mr Rajat Gupta, Former Director, Goldman Sachs, surrendering before the Federal Court to face criminal charges related to insider trading in the Galleon case came in from the US.

The new Samvat year opened on a positive note with both the Sensex and the Nifty ending in the green, though only marginally, at the Muhurat trading today.

On the NSE, the metal pack had a mixed fare. While Hindalco was up 2.31 per cent to close at Rs 128.25, Coal India edged up to Rs 329.30, a gain of 1.67 per cent. Cipla and SBI were the other two major gainers.

Among the losers were Sesa Goa that lost 3.17 per cent to close at Rs 204.50 and Wipro which was down 0.86 per cent to close at Rs 368.95. ICICI Bank, which closed at Rs 871, and Infosys that ended at Rs 2841 were the other major losers.

Tata Motors, Reliance Power, DLF, Maruti, Reliance and Tata Steel were all down but only marginally.

Published on October 27, 2011

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