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The Indian markets on the first trading day of 2012 sported a ‘necklace’ graph — starting the day up, sliding down in the middle of the day, only to pick up and end the day relatively flat.
The BSE Sensex ended the day up 63 points or 0.41 per cent at 15,517.92, while the Nifty was up 12.45 points or 0.27 per cent at 4,636.75.
“Volatility was at fore from the onset of trading session as Nifty alternated between positive and negative territory. Monthly sales figures of auto stocks influenced the market sentiments. Below expected sales numbers of Bajaj Auto and TVS Motor saw both the counters witnessing sharp cuts of more than 7 per cent. Tata Motors and M&M on the other hand gained on good monthly sales figures. Jittery sentiments ahead of upcoming Q3FY12 results outcome led to market slipping further,” said Ms Shanu Goel, Senior Research Analyst, Bonanza Portfolio.
The US stocks ended the last trading day of 2011 in the red, while the European markets saw an upsurge in their index performances. The Asian markets were trading in the green on Monday.
On the BSE, the Consumer Durables, Oil& Gas and IT sector were one of the better performing sectors of the day. Auto & FMCG were the worse performing sectors.
The top three performers among the Sensex stocks were Coal India, Tata Motors and RIL.
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