Sunday, August 3, 2008

The markets have gained some grounds from the day’s low and are trading flat.

The markets have gained some grounds from the day’s low and are trading flat. The selling pressure continued in the selective scrips mainly led by the FMCG, Auto, Realty and Pharma stocks. However, the Metal, Capital Goods, Consumer Durables and Power stocks are trading higher. The BSE Mid Cap and BSE Small cap are trading marginally higher.

The overall market breadth is positive as 1218 stocks are advancing while 1135 stocks are declining and the 83 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 24.59 points at 5,591.96 and the BSE small Cap is up by 22.17 points to trade at 6,934.96.

At 12.30 pm, BSE Sensex was at 14,366.17 up by 10.42 points and the NSE Nifty was at 4,329.20 down by 3.75 points.

BSE Metal index surged by 195.71 points at 13,108.32 as Tata Steel (1.93%), SAIL (0.75%), Nalco (0.44%) and Hindalco Industries (0.11%) are trading in green.

BSE Oil & Gas index was trading 53.82 points higher at 9,783.30 as Essar Oil (2.32%), BPCL (0.92%), Gail India (0.90%) and ABN Offshore (0.51%) are trading in positive.

BSE Capital goods index advanced by 143.14 points to 11,826.94. The main gainers are BHEL (1.39%), ABB (1.32%), Siemens (1.21%) and L&T (1.02%).

BSE Power index increased by 15.66 points to 2,589.93. Gainers are NTPC (0.67%), Suzlon Energy (0.38%) while the losers are Tata Power (2.60%), Reliance Infra (2.09%) and Reliance Power (1.85%).

BSE Bankex index is trading higher by 2.80 points at 6,519.21. Gainers are Orienetal Bank (2.08%), Kotak Bank (1.39%), Indus Ind Bank (1.24%) and PNB (0.83%).

BSE Realty index slipped by 69.11 points to 5,009.96. The major losers are DLF (2.42%), Mahindra Life (0.93%), India Bull Real (0.65%) and Sobha Developers (0.48%).

BSE Auto index decreased by 47.54 points to 3,631.97. The top losers are Maruti Suzuki (3.48%), Hero Honda (2.19%), Bajaj Auto (2.96%) and Tata Motors (1.18%).

BSE IT index inclined by 15.63 points to trade at 3,705.20 as Financial Technologies (1.86%), I-Flex (1.34%), and HCL Technologies (1.07%) trading in positive.

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