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Stunned by Mumbai terror, stock market resumed its trading after a one trading day hold. Markets ended its course as normal trading day. The FnO Nov. position expiry resheduled for today as there was a terror attack on Mumbai yesterday and SEBI decided to close NSE & BSE for security reason. BSE lies in South mumbai which was the epicenter of this terror attack. Hotel Trident , Oberoi lies with 1 Kms to BSE building. After all this market started its journey in negative nod with a slide of 137.54 points at 8889.18. Markets ended the November derivative expiry on a positive note after a choppy trade. Sensex ended the day with a gain of 66 points, or 0.73% at 9,092.72 after touching a high of 9,157.62 and a low of 8,889.18. The broad-based NSE Nifty gained 2.85 points, or 0.10% at 2,755.10 after hitting a high of 2,779.00 and a low of 2,690.30. On November series Nifty has gained 2.15% while sensex is up 0.5%.
Second quarter GDP figures released today showed a growth of 7.6% as against 9.3% y-o-y and 7.9% q-o-q. The expectation was of 7.25%. Most of the European markets were trading in red. Inflation in the Euro areas slowed to 2.1% in November from 3.2% in October, making it the biggest drop in almost two decades. In the U.S., the sales figures of Black Friday-the day after the thanksgiving holiday will be keenly watched for as the period between Thanksgiving and Christmas accounts for between 40% and 50% of annual retail sales.
BSE IT and Teck Indices were the top gainers among the sectoral indices, putting on 3.7% and 2.4%, while Realty and Metal indices lost 1% and 0.8% respectively. TCS and BHEL were the top gainers among sensex stocks, up 5.9% and 4.9% respectively, while Reliance Infra and L & T were down the most, losing 3.3% and 3.1% respectively.
A denial by the Railways of shooting taking place near the Chhattrapati Shivaji Terminus (CST) station and reports that the operation to flush out terrorists was at three spots in Mumbai was nearing end lifted the bourses in mid-afternoon trade in what has been a choppy trading session today.
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