Monday, December 20, 2010

India Markets Monday Wrap-Up: Volatile Trading Day

Equitymaster submits:

Indian indices had a rather volatile day of trading today. The morning session saw the indices languishing in the red. However, buying activity intensified post noon to push the indices above the dotted line. Although there was some paring of gains in the final hour, the indices managed to close barely into the positive. While the BSE Sensex closed higher by around 24 points, the NSE Nifty lost around 2 points. The BSE Midcap closed lower by 0.1%, while the BSE Smallcap closed higher by 0.4%. Gains were largely seen in IT and auto stocks.

As regards global markets, Asian indices closed in the red today while European indices have opened in the green. The rupee was trading at Rs 45.44 to the dollar at the time of writing.


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