Tuesday, August 11, 2009

Indian stock Market Reports Headline : Markets opened flat.

The Indian Stock Market today opened flat with negative bias amid weak cues from the US and Asian markets. Further the monsoon worries and the upcoming IIP data has kept the investor sentiments jittery. The BSE Sensex has slipped below the 15000 mark in the early trade. However the markets suddenly turned volatile and managed to recoup most of its early losses. The Auto, IT and Consumer Durables stocks are witnessing some buying interest in the early trade, while FMCG and Capital Goods stocks remained under pressure. The broader market indices also recovered from their early losses and are now trading higher.

The BSE Sensex is now trading below the 15000 mark and the NSE Nifty near the unchanged mark in the early trade.

At 10.32 IST, the BSE Sensex is trading down by 24.33 points or (0.16%) at 14,985.44 and the NSE Nifty is trading marginally lower by 0.45 points or (0.01%) at 4,437.20.

The BSE Mid Cap is trading higher by 29.74 points at 5,370.22 and the BSE Small Cap grew by 20.50 points or (0.34%) to 6,093.53.

Mahindra & Mahindra reported the top gainer from the BSE Sensex pack, as it is trading up by (3.21%) at Rs.782.40 while HDFC reported the top loser down by (2.26%) at Rs.2,276.

The Overall market breadth is negative as 765 stocks are advancing while 819 stocks are declining and the 42 stocks remained unchanged on BSE.

The US stocks markets closed lower on Monday amid profit booking after a four-week rally. Stocks slipped also ahead of vital economic data, including Federal Reserve''s statement on interest rates, due this week. Market was choppy during the trading in the absence of market-moving earnings announcements and no economic data. The Dow Jones Industrial Average (DJIA) closed lower by 32.12 points at 9,337.95, NASDAQ index declined by 8.01 points to 1,992.24 and the S&P 500 (SPX) closed lower by 3.38 points at 1,007.10.

Asian markets were trading higher today as the Hang Seng, Nikkei 225, Straits Times and Seoul Composite index are trading up by (0.41%), (0.17%), (1.85%) and (0.02%) respectively.

BSE Auto index advanced by 28.78 points or (0.55%) at 5,239.05. The top gainers are Cummins India grew by (2.64%) to Rs.301, Mahindra & Mahindra inclined by (2.22%) to Rs.774.95, Maruti Suzuki up by (1.81%) to Rs.1,274 followed by Ashok Leyland inclined by (1.23%) to Rs.33.05.

BSE Capital Goods index fell by 120.08 points or (1.01%) at 11,789.83. The top losers are SKF India fell by (2.22%) to Rs.238, Bharat Electrical declined by (1.47%) to Rs.1,415.20, L&T slipped by (1.15%) to Rs.1,422 followed by Alstom Project down by (0.95%) to Rs.486.10.

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