Wednesday, February 27, 2008

Stock Market Reports Market off the day’s high.

The market has slipped from the day''s high but is till trading in green. The capital Goods, Oil & Gas, and Bank stocks are in heavy demand from the opening trade. However, the IT stocks are out of favor today.The overall market breadth is positive, as 1664 stocks are advancing whereas 1020 stocks that are declining.

Mahindra & Mahindra reported the top gainer from the BSE Sensex pack. It is trading higher by (4.90%) at Rs.661 while Grasim Industries the top loser trading down by (2.81%) at Rs.2,957.05.

At 2.31PM BSE Sensex is at 17,951.43 up by 145.24 points and Nifty is at 5,302.25 up by 32.20 points. The BSE Mid Cap is higher by 60.01 points to 7,750.87 and the Small Cap advanced by 77.64 points to 9,726.13.

The BSE Capital Goods index is the top performer today. It is trading with a gain of 447.52 points at 16,571.88. The main gainers are Siemens up by (5.09%) at Rs.1,694, L&T increased by (3.72%) at Rs.3,657 followed by BHEL and ABB advanced by (3.30%) and (2%) to Rs.2,254 and Rs.1,223.

The most active shares on NSE are Reliance trading at Rs.2599.10 with a total traded quantity of 1810766 shares followed by Reliance Capital trading at Rs.1993.90 with a total traded quantity of 1771954 shares.

Cairn India is trading higher by (1.33%) to Rs.228. The company has entered into the race for acquiring two oil exploration blocks in Sri Lanka.

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