Market review: Sensex recovers 197pts
as Banking Laws Amendment Bill, 2011, which seeks an increase in the voting rights of large shareholders in private banks to 26 per cent from 10 per cent, will be tabled in the winter session.
"The winter session of Parliament began, but no business was transacted in the first two days, raising concerns over the fate of various Bills which are proposed to be presented and passed in the session," said Dipen Shah, Head of PCG Research, Kotak Securities.
"Next week is a truncated trading week. In the coming week, markets may remain volatile as traders roll over positions in the futures and options (F&O) segment from the near month November 2012 series to December 2012 series. The near-month November 2012 derivatives contracts expire on Thursday, November 29, 2012," a broker said.
Foreign Institutional Investors (FIIs) continued their buying spree by investing net Rs 1,671.47 crs during the week including the provisional figure of Novermber 23. Major gainers from the sensex pack were M&M 6.67 per cent, followed by ITC 4.32 per cent, HDFC Bank 4.21 per cent, Maruti 3.84 per cent, Sun Pharma 3.86 per cent, Tata Power 2.92 per cent, Coal India 2.01 per cent and Wipro 1.99 per cent.
Among other sectorial indices, the BSE-FMCG shot up by 2.57 pc followed by BSE-Auto 1.53 pc, BSE-Teck 1.19 pc and BSE-IT 1.13 pc while BSE-PSU dropped by 1.23 pc, BSE-Power 1.20 pc and the BSE-Realty 1.06 pc.
The total turnover at BSE and NSE rose to
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