Stock Report

Indian Market:

It was another quiet session for Indian equity benchmarks amid thin volume trade as traders' participation was low due to Christmas Holiday; the Nifty was hovered around 6000 level throughout the day.

30-share BSE Sensex closed at 20025, down 3.5 points and the 50-share NSE Nifty fell just 2 points to settle at 5,996. Even broader indices were lacklustre in trade.

Sugar futures took off at their relaunch on National Commodity and Derivatives Exchange (NCDEX) on Monday, with interest from end-users and institutions pushing volumes near levels seen in 2009 when they last traded.

Global Cues:

Asian stock markets were mixed on Tuesday, 28 December 2010 as investors looked past China's rate hikes and stayed on the sidelines ahead of the release of key U.S. home price data later in the day. The key benchmark indices in China, Hong Kong, Japan and Taiwan fell by between 0.12% to 0.8%. The key benchmark indices in Indonesia, South Korea and Singapore rose by between 0.16% to 0.82%.

US stocks were little changed on Monday, 27 December 2010 as investors shrugged off China's interest rate increases over the weekend. Beijing aims to tame inflation.

Japanese factory output rose for the first time in six months in November and manufacturers expect to boost production in coming months.