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| | December 23, 2011 | 5:30 PM | Markets close with modest losses amid volatile trade
The Indian markets ended lower after two-day gains. The Sensex fell by 75 points and the Nifty declined by 20 points. | | | | | | | Major headlines | | Other stories | Indian indices
The Indian markets erased all morning gains in the second half and closed a highly volatile trade with modest losses. Profit booking in oil & gas, banking, consumer durables, metal, power and technology stocks weighed on the sentiments. Index heavyweight draggers were RIL, HDFC Bank, Infosys, NTPC, Tata Steel, Bharti Airtel, ONGC and SBI.
The markets shrugged off positive global cues and ended the trade with modest losses after two-day gains.
Sensex movements: The Sensex started the trade 50 points higher at 15863 as against the previous close of 15813. After few minutes, the index touched the day's high of 15911 and then turned volatile. While entering into the second part of trade, the index slipped in the red zone on profit booking and touched the day's low of 15671 in late trade. The Sensex fell by 75 points to close at 15739 and the Nifty settled 20 points lower at 4714.
| | | INDEX PERFORMANCE |  | | | | | | | | MARKET INDICATORS | | | | | | | | | | | Apollo Hospitals | 563.00 | 7.74 | | | Manappuram Finance | 47.85 | 6.33 | | | | | | | Syndicate Bank | 74.10 | -6.73 | | | Cadila Healthcare | 667.00 | -5.68 | | | Power Finance | 133.10 | -5.13 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Market Outlook: In the US, Durable Goods Orders, Personal Income & Outlays and New Home Sales data will be eyed on Friday. | Market sentiment
The market breadth stood in favour of advances. Of the 2891 stocks traded on the BSE, 1553 (53.72%) rose, 1198 (41.44%) fell and 140 (4.84%) remained unchanged.
Viewing volumes
Wind turbine major - Suzlon Energy was traded the most, with over 0.34 crore shares changing hands on the BSE. Following that, industrial finance company - IFCI (0.29 crore shares), an integrated infrastructure development company - Lanco Infratech (0.29 crore shares), India's second largest developer - Unitech (0.28 crore shares) and a Jaypee Group firm - Jaiprakash Associates (0.27 crore shares). | Sectoral & stock screening
Among the 13 sectoral indices, nine closed in the negative terrain. Top Gainers - BSE CG surged by 0.66%, BSE Auto rose by 0.23%, and BSE Realty up by 0.12%. Top Losers - BSE CD declined by 1.15%, BSE Oil & Gas fell by 1.05%, and BSE Bankex down by 1.04%.
Among 'A' group stocks, top three gainers - Apollo Hospitals Enterprise surged by 7.74%, Manappuram Finance up by 6.33% and RCF rose by 6.19%. Top three losers - Syndicate Bank declined by 6.73%, Cadila Healthcare fell by 5.68% and PFC down by 5.13%. |  | | | | 
| Global signals
The European shares surged on Friday (December 23, 2011), extending the week's thin-volume, pre-holiday rally after reassuring US economic data in the previous session gave a short-term fillip to a market still overshadowed by the euro zone debt crisis.
The Asian stock markets closed higher on Friday in thin holiday trading on signs the US economy is improving. Nikkei index was closed.
The US stock index futures point to a positive start on the Wall Street on Friday. | | | | Visit www.sharekhan.com to manage your newsletter subscriptions | | |     | | |  | | |  | | | To know more about our products and services, click here. | | | | | |  | Sharekhan Ltd. Regd Add: 10th Floor, Beta Building, Lodha iThink Techno Campus, Off. JVLR, Opp. Kanjurmarg Railway Station, Kanjurmarg (East), Mumbai - 400 042, Maharashtra. Tel: 022 - 61150000. BSE Cash-INB011073351; F&O-INF011073351; NSE - INB/INF231073330; CD - INE231073330; MCX Stock Exchange : CD - INE261073330 DP: NSDL-IN-DP-NSDL-233-2003; CDSL-IN-DP-CDSL-271-2004; PMS INP000000662; Mutual Fund: ARN 20669. | | | | | | | "This document has been prepared by Sharekhan Ltd. This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction.
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Major news for the week:
The Sensex swung 775 points between a weekly high of 15911 and a low of 15136 to close the week 1.6% or 247 points higher at 15739. The Nifty swung 232 points between a weekly high of 4763 and a low of 4531 to 1.34% or 62 points higher at 4714.
Sectoral and stock screening:
