Daily Market Review - 30th December 2011

It was a choppy session for the Indian market which closed near the low point of the day and with modest losses. It opened quiet and continued to trade subdued and rangebound for most part and the volume of trade was low, too. Towards close, profit booking in oil & gas, banks and realty dragged the indices down. Sensex shut shop at 15454, down 89 points and Nifty at 4624, down 21 points from the previous close. CNX Midcap index was up 0.6% and BSE Smallcap index was down 0.1%. The market breadth was negative with advances at 623 against declines of 653 on the NSE. Top Nifty gainers were Cairn India, Rcom and Sesa Goa while losers included Kotak Mahindra Bank, IDFC and RIL.