India Market Wrap

* INDICES: Sensex +11 at 15868 (0.07%), NIFTY +4 at 4754 (0.09%), CNXMIDCAP -19 at 6245 (-0.3%)
* SECTORAL PERFORMANCE: BANKEX 0.49%, AUTO -0.31%, CAPITAL GOODS -1%, HEALTHCARE 0.06%, Metal -0.39%, OIL & GAS 1.06%, IT -0.78%, FMCG 0.87%, PSU -0.47%, REALTY -0.87%, Consumer Durables -0.6%, POWER -0.69%
* MARKET BREADTH: 239 Advances, 251 Declines (BSE 500)
* VOLUMES: BSE $0.36bn (-0.88%), NSE $1.69bn (-3.01%), F&O $20.6bn (54.32%)
* TODAY'S GAINERS: RCOM 5.36%, RELI 5.11%, RPWR 3.74%, BPCL 3.61%, RIL 2.58%
* TODAY'S LOSERS: HMCL -5.1%, JPA -4.57%, BHARTI -4.02%, JSP -3.2%, DLFU -2.97%

* MARKET COMMENTARY:
A bout of volatility was witnessed as key benchmark indices once again trimmed gains after regaining strength in afternoon trade and ended just at the neutral line. Europe’s debt situation and earnings season on domestic front next week will be a tough rollercoaster ride for the market which will set the phase of possible outcome. All Asian markets traded on a negative note barring Shanghai Composite and Straits Times while the European markets were trading in green on optimistic note. The market is reluctant to show signs of recovery due to lingering concerns over euro zone. Every market across the globe is nervous ahead of Spain and Italy bonds auction scheduled next week. Back home, the NSE Nifty and BSE Sensex were trading above their psychological 4,700 and 15,700 levels, respectively. Traders were also seen piling up position in Oil & Gas sector while selling was witnessed in Capital Goods, Power and TECH sector.

* NEWS ON TODAYS MOVERS:
- Infosys traded flat in volatile market, after the company's American depository receipt, or ADR gained 1.52% to settle at $54.01 on the Nasdaq on Thursday, 5 January 2012.
- ONGC closed flat, despite the stock turned ex-dividend today, 6 January 2012, for an interim dividend of Rs 6.25 per share for the year ending March 2012
- State-run oil marketing companies rose 0.65% to 2.06% as crude oil futures declined for the second day today, 6 January 2012..
- Kingfisher Airlines slumped nearly 5% after the Directorate General of Civil Aviation reportedly gave the ailing airliner till Monday to come back with a detailed plan of financial recovery and safety.
- Capital goods stocks lost 0.31% to 3.12% on worries that the slowing economy could adversely affect new order flows.
- Cement makers fell by between 0.21% to 3.57% ,on reports some companies have on Thursday reportedly agreed to slash prices by Rs 25 per bag of 50 kg in Himachal Pradesh with immediate effect.
- Two-wheeler makers fell by between 0.63% to 4.35% , on concerns of increased competition from global players.
- Maruti Suzuki India rose close to 1.53%, on reports the company is mulling a 2-3% hike in prices of its products from next week to offset the impact of rupee depreciation and high input cost.
- Shriram Transport Finance Company fell almost 1.81% ,on profit booking after gaining 16.95% in the previous five trading sessions.
- Organised retailers rose 6.47% to 11.66% , after Industry Secretary, P.K. Chaudhary said that the government is soon expected to issue the notification allowing 100% foreign direct investment in single brand retail.

* CORPORATE NEWS:
- Hero MotoCorp sees double-digit growth in FY13
- Tata Motors unveils new Safari SUV model
- Coal India likely to miss revised output target
- Suzlon Group wins 22 MW order in Portugal
- Mahindra to launch electric cars by Nov
- General Motors showcases two new vehicles
- M&M to launch six new models by March 2013
- Maruti to launch MPV Ertiga by March
- Tata to introduce new light trucks in april-june quarter
- Tata motors may spend 30b rupees on products, capacity next fy
- Mahindra expects to start selling new reva car by november

* ECONOMIC NEWS:
- Govt to notify 100% FDI in single brand retail soon
- Govt to support struggling aviation sector
- DoT may terminate 6 Idea licences