Sensex slips after morning surge

Today's major news
Alstom Projects secures contract from Hindalco Industries; the stock ends 1.42% higher.
Reliance Industries discovers oil in Cambay basin; the stock closed the session 1.39% higher.
Siemens receives order worth Rs608 crore; the stock closed 0.19% lower.
Subhash Projects & Marketing wins orders of Rs277.71 crore; the stock ends the session 1.75% higher.
Tata Chemicals acquires additional shares of Rallis India; the stock closed the day 0.38% lower.
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Post-market summary
Global signals
On Monday, the major US and European indices recorded strong gains of about 2% each. The Dow Jones Industrial Average (Dow) that recently reclaimed 10000, went to hit its 13-month high after G 20 countries pledged to keep aid flowing to the world economy strengthening investors risk appetite and confidence. In today's trade, the European indices that opened marginally higher were gripped with severe volatility and trading range-bound with marginal gains. FTSE 100 was trading at 5244 with gains of mere 9 points or 0.17% at the time of writing this report.
Major Asian indices again managed to sustain gains in the range of 0.10-0.75% and closed in green, however with marginal gains as compared to early trades. Amongst the Asian indices, only Jakarta Composite and BSE closed in red with the loss of 1.02% and 0.35% respectively. SGX Nifty that opened marginally higher, ended the day with a loss of 31 points.
Indian indices
After surging for four days on the trot, the Sensex seems to have taken a breather today, closing 58 points lower. Following strong global cues, the Sensex opened a decent 53 points up, but was gripped by volatility that made it swing by 306 points and lose all the morning gains. The Sensex that hit the day’s high of 16678 in the early session, went to hit the low of 16372 in mid session and ended the day 0.35% lower on weak European opening and giving-up of some early gains by Asian markets.
Today’s decline was mainly on the back of the profit booking in realty stocks that had surged heavily in the past few sessions. Nifty fell by 17 points to end the day at 4882.
Sensex sentiment
The market breadth was marginally negative, as out of 2,809 stocks traded on the BSE, 1,290 stocks advanced, whereas 1,463 stocks declined. Fifty six stocks closed unchanged.
Sectoral & stock screening
Among sectoral indices, BSE Realty slid the most, down by 2.77%, followed by BSE TECk that lost over 1.39%. Among gainers, BSE PSU rose the most with gains of 1.97%, followed by BSE Metal that surged by 1.37%.
On stocks’ front, NMDC surged by 19.99%, followed by Jai Corp that gained over 10.77%, while Exide Industries and Hindustan Copper surged by 8.18% and 5.79% respectively. Among the losers, Educomp Solutions fell the most, by 9.34%, followed by Indiabulls Real Estate that slid 4.80%, while Bharti Airtel, Aban Offshore and Central Bank of India fell over 4% each.
Viewing volumes
On turnover front, Over 1.63 crore shares of GVK Power & Infrastructure changed hands on the BSE followed by Suzlon Energy (1.36 crore shares), Unitech (1.20 crore shares), Reliance Natural Resources (1.15 crore shares) and IFCI (0.85 crore shares).