- The Indian stock market indices ended higher as investors took advantage of attractive stock valuations. Sentiment was lifted by strong industrial production data that exceeded expectations. - The Index of Industrial Production for October grew 10.8% year-over-year, driven by a 22% growth in capital goods. - The Sensex closed up 1.39% higher and the Nifty ended the day up 1.58% higher. Banking, metal, and consumer durable stocks performed well.

1. Market Wrap Up
Dec 10, 2010
The benchmark indices which started the session on a slightly week note finally managed to end in good shape as investors
used attractive valuations to re-enter into frontline shares. The sentiment in the Indian equity markets was lifted up post IIP
data release. However, cues from global front were not so encouraging as European markets have opened on slightly soft note,
while Asian markets traded in dull mood, only exception was US future indices as they had kept their head up in green. Mid-cap
index outperformed the benchmark after recent underperformance due to price rigging news in some counters.
As the Index of Industrial Production (IIP) numbers for the month of October came at 10.8% against 4.4% in September, much
better than expectation of 8.8%. Capital Goods was the main driver which grew at 22% against 10.9% in the same month last
year, while, Manufacturing sector grew at 11.3% vs 10.8% (Y-o-Y).
The BSE 30-share Sensex was up 265 points or +1.39% at 19509 while NSE 50-share Nifty ended the day at 5857 up 91 points or
+1.58%.
Stocks Performance Top Sensex Gainers:
ICICI Bank (+5.7%),
Banking Stocks: IOB (+7.1%), Axis Bank (+6.3%), Indian Bank (+4.7%) JP Associate (+4.7%),
Banking shares bounced back after four day losing streak on worries that rising lending RIL (+4%)
rates in the sector would affect demand for loans, while a sharp increase in deposit
rates would squeeze margins. Top 3 Sensex Losers:
Bajaj Auto (-2.7%),
Metal Stocks: Jindal Steel (+2.4%), Hindalco Ind (+2.3%), Tata Steel (+2.3%) Bharti Airtel (-2.3%),
Metal stocks rose after strong economic data from China and India. China reported Tata Motors (-1.9%)
trade surplus data while India posted strong IIP numbers
Top 3 Sectoral Gainers:
Consumer Durable Stocks: Videocon (+6.6%), Blue Star (+6%), Whirlpool (+4.6%) CD (+3.2%),
Consumer durables stocks rose on bargain hunting after recent sharp losses. BANKEX (+2.8%),
OIL &GAS (+2.5%)
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