The market ended with small gains on a volatile day of trade. The market breadth turned weak later during the day in contrast to a strong breadth earlier during the day. IT pivotals rallied. Reliance Industries edged higher.

FMCG, capital goods, consumer durables, banking stocks declined. Satyam Computer Services and Infosys were major gainers whereas ACC and Cipla were major losers from the Sensex pack. European markets were positive. Asian markets were mixed today, 20 December 2007. The Dow industrials and the S&P; 500 declined slightly on Wednesday, 19 December 2007.

Annual inflation, based on the wholesale price index (WPI), rose 3.65% in the week ended 8 December 2007, lower than previous week's 3.75% rise, data released by the government during trading hours today showed.

The 30-share BSE Sensex rose 55.50 points or 0.29% to 19,147.46 as per provisional data. It hit a high of 19,291.14 in mid-morning trade. At its days high Sensex had gained 199.18 points.

The S&P; CNX Nifty up 31.30 points or 0.54% to 5,782.45 as per provisional data.

BSE clocked a turnover of Rs 6206 crore, lower than Wednesday (19 December 2007)'s Rs 8,347.15 crore.

Market breadth was weak. On BSE, 1,130 stocks advanced, 1,764 stocks declined and 26 stocks remained unchanged. 17 out of 30 stocks from the Sensex pack declined.

BSE Mid-Cap index declined 0.79% to 9,008.62. BSE Small-Cap index declined 1.02% to 11,793.27. Both these indices underperformed Sensex.

IT stocks rose. Wipro (up 1.77% to Rs 491.75), Tata Consultancy Services (up 2.34% to Rs 1,045.25), Infosys (up 3.68% to Rs 1,698.35), Satyam Computer Services (up 5.65% to Rs 427.70) edged higher.

FMCG majors declined. ITC (down 1.83% to Rs 196.05), United Spirits (down 2.56% to Rs 1,846), Hindustan Unilever (down 0.28% to Rs 211.450 edged lower.

Capital goods stocks declined. Bharat Heavy Electricals (down 1.27% to Rs 2,370), Larsen & Toubro (down 0.48% to Rs 3,979) and Suzlon Energy (down 3.66% to Rs 1,830) edged lower.

Banking stocks declined. ICICI Bank (down 0.35% to Rs 1,157), HDFC Bank (down 0.18% to Rs 1,654) edged lower. State Bank of India rose 0.31% to Rs 2,265.20.

Consumer durables stocks edged lower. Videocon Industries (down 2.11% to Rs 625.25), Titan Industries (down 1.45% to Rs 1,480) and Rajesh Exports (down 1.92% to Rs 869.15) edged lower.

Indias largest private sector firm by market capitalization & oil refiner Reliance Industries was up 0.37% to Rs 2,714.70. The stock came off session's high of Rs 2,754. Reliance Industries (RIL) is reportedly in talks with Tata Chemicals (TCL) for sale of 2.2 million metric standard cubic metres per day (mmscmd) of gas from KG basin once the ongoing dispute with Reliance Natural Resources (RNRL) is resolved.

India's second largest power utility by revenue Reliance Energy rose 3.04% to Rs 1,939.85.

Cipla (down 2.04% to Rs 210.95), ACC (down 2.77% to Rs 1,002.05) and Ranbaxy Laboratories (down 1.65% to Rs 196.40) edged lower.

India's biggest power generation firm by revenue NTPC declined 0.04% to Rs 229.40. The company is reprotedly in active talks with more than one foreign power generation company for acquiring assets in excess of $1 billion (Rs 3,960 crore).

India's biggest commercial vehicle maker in terms of market share, Tata Motors, rose 2.86% to Rs 710.90. The company which is considered a front-runner to buy Ford Motor Co's luxury Jaguar and Land Rover brands, will unveil the world's cheapest car at an auto show in India next month. Tata Motors will showcase its $2,500 car at the Auto Expo in New Delhi on 10 January 2008, with a commercial launch planned for later in 2008.

Tata Steel, the world's sixth largest steel maker, rose 0.07% to Rs 824.80. Vale, the worlds largest producer of iron ore and pellets, is reportedly in talks with Tata Steel to set up a steel slab plant in Brazil. The $20 billion mining company, formerly known as CVRD, has three plants under construction in Brazil in partnership with ThyssenKrupp, Dongkuk and Baosteel. Vale has a minority stake in these projects.

European markets edged higher in early trade. Germanys DAX (up 0.54% to 7,879.61) and UKs FTSE 100 (up 0.5% to 6,316) edged higher.

Asian markets were mixed today, 20 December 2007. Japan's Nikkei (up 0.01% to 15,031.60), Shanghai Composite (up 2.05% to 5,043.54) edged higher. Hong Kong's Hang Seng (down 0.05% at 27,017.09), Taiwan's Taiwan Weighted (down 1.96% at 7,857.08), South Korea's Seoul Composite (down 0.92% at 1,844.37) declined.

The Dow industrials and the S&P; 500 declined slightly on Wednesday, 19 December 2007, in light trading on concerns about more fallout from the housing slump. The Dow Jones industrial average declined 25.20 points, or 0.19%, to end at 13,207.27. The Standard & Poor's 500 Index shed 1.98 points, or 0.14%, at 1,453.00. But the Nasdaq Composite Index edged up 4.98 points, or 0.19%, to close at 2,601.01.

Traders are likely to start building positions towards the end of the month based on expectations of Q3 December 2007 results due next month.

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