Another inconclusive session happened for the market on Wednesday. Sensex ended down 37.5 points at 15505 which traded in a range of 175 points during the day while Nifty ended flat and traded in a range of 40 points during the day. Reliance Industries provided cushion to the market which closed over Rs 2000 per share for first time ever. CNX Midcap Index was up 0.36% while CNX Smallcap Index was up 0.51%. BSE Realty Index was up 1.5% and BSE Metal Index was up 1.24%.

Reliance Energy was up 3.9%, Zee Entertainment was up 3% and Bajaj Auto was up 2.8%. In Metals, Sterlite was up 2.6%, SAIL was up 1.9% and Sesa Goa was up 4%. Index losers were BPCL, down 3.3% and HPCL, down 2.2%. In Technology stocks, Satyam was down 1.34%, HCL tech was down 1% and TCS was down 0.76%. NSE Advance Decline ratio stood at 6:5. Total market turnover was at Rs 56753.51 crore vs Rs 57886.84 crore on Tuesday.

In currency market, Rupee appreciated by 27 bps at 40.45 (hits intra-day high of 40.435 and low of 40.53) while Yen appreciated by 20 bps at 113.9 (hits intra-day high of 113.76 and low of 114.33).

F&O Snapshot:
Nifty futures discount was at 12 points vs 10 points on Tuesday. Nifty futures added 9.7 lakh shares in OI and turnover was at nearly 22% of total FNO turnover. Most action happening was in stocks futures as Nifty continued to be in consolidation phase. Sugar stocks saw good build up in which Balrampur Chini, Bajaj Hindustan and Triveni Engineering gained most. Star performers of the day were IndusInd Bank, JP Hydro, and Reliance Capital.

Reliance Pack:
Fresh longs were seen in Reliance, Reliance Communication, RPL, and Reliance Capital while short covering was seen in REL and RNRL.

Fresh Longs were seen in following stocks:
Sugars: Bajaj Hindustan, Shree Renuka, Balrampur Chini, and Triveni Engineering
Fertilizer/Chemicals: Nagarjuna Fertilizers (Out of Curb), Chambal Fertilizers, GNFC, and Oswal Chemicals
Realty: Unitech, DLF, HCC
Misc: United Phosphorous, SRF, IDFC, Tata Tea, TTML (Out of curb)

Fresh Shorts were seen in following stocks:
Misc: NTPC, ITC, IDBI, Indian Bank
IT: Rolta, Patni, Mphasis, Moser Baer, HCL Tech, NIIT Tech
Oil & Gas: HPCL, MRPL

Long Unwinding was seen in following stocks:
Misc: ICICI Bank, Neyveli Lignite, Arvind Mills (F&O Curb), Petronet LNG, Dabur, Patni

Short Covering was seen in following stocks:
Misc: Reliance Energy, JP Hydro (NSE F&O curb), RNRL, Central Bank, HDIL

Following stocks saw their life time high:
Reliance Industries
SAIL
Reliance Capital
Reliance Energy
Unites Spirits
Tanla Solutions
Mercator Lines