- Indian markets opened higher on positive Asian cues but erased gains to close flat with a slight increase. Volatility was high. - The Indian rupee appreciated against the US dollar due to exporters taking profits and positive sentiment after the government clarified tax rules. - Consumer durables and real estate were the top gaining sectors while FMCG, IT and power declined.

1. Markets end flat; Consumer Durables lead
Market Summary
03-Jul-2012
After opening gap up on strong Asian cues, Indian markets erased most of its intraday gains to close flat with slender gains. Volatility
ruled the day.
Indian Rupee (INR) appreciated big time today against the US Dollar (USD) on the back of profit booking by exporters. Sentiments
seemed to have turned bullish post GAAR clarification last week by the government. As per RBI ref data INR is priced at Rs.
54.81/USD as against Rs. 55.83/USD on Monday. (News)
The market breadth on the BSE closed in positive. Advances and declining stocks were in a ratio of 1674:1162 while 96 scrips
remained unmoved.
The BSE Sensex ended at 17425.71, up 26.73 points or 0.15%. The 30 share index touched a high and a low of 17526.82 and
17351.50 respectively. 16 stocks advanced against 14 declining ones on the benchmark index.
The S&P CNX Nifty gained 9.35 points or 0.18% to settle at 5287.95. The index touched high and low of 5317.00 and 5265.95
respectively. 28 stocks advanced against 21 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved up to 6238.89 and gained 0.48% while Small-cap index jumped up by 0.80% to 6667.98.
The broader BSE 500 index increased to 6726.86 (up 0.40%) and S&P CNX 500 index rose to 4196.70 (up 0.38%).
The volatility indicator INDIA VIX lost 2.37% at 18.56 from its previous close of 19.01 on Monday.
Sectors in action
On the BSE Sectorial front, Consumer Durables (up 2.98%), Real Estate (up 1.96%) and Metals (up 0.77%) were the top gainers.
FMCG (down 0.76%), Information Technology (down 0.50%) and Power (down 0.10%) were the top losers.
The Angels and the Devils
Bharti Airtel Limited (up 3.11%), Hindalco Industries Ltd. (up 2.27%), Coal India Ltd. (up 1.96%), Housing Development Finance
Corporation Limited (up 1.91%) and GAIL (India) Limited (up 1.87%) were the top gainers on the Sensex.
Bharat Heavy Electricals Limited (down 1.59%), Jindal Steel And Power Limited. (down 1.46%), T Consultancy Services Limited
ata
(down 1.43%), ITC Limited (down 1.30%) and Hindustan Unilever Limited (down 1.04%) were the top losers on the Sensex.
Market Drivers
ITC Limited (-21.17 points), Housing Development Finance Corporation Limited (21.12 points), Bharti Airtel Limited (15.26 points),
Tata Consultancy Services Limited (-12.58 points) and ICICI Bank (10.29 points) were the major Sensex drivers today.
On the other end ITC Limited (-6.02 points), Housing Development Finance Corporation Limited (5.31 points), T Consultancyata
Services Limited (-3.65 points), Bharti Airtel Limited (3.50 points) and ICICI Bank (2.57 points) were the major Nifty movers today.
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