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Market ends down; Nifty close below 5200 level
Published on Mon, May 05 at 09:55 , Updated at Mon, May 05 at 22:08
Source : moneycontrol.com
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It was quiet day for the market, and it ended in red. Nifty closed below 5200 level. The BSE consumer durable, auto, IT indices witnessed selling pressure. However, realty and midcap stocks have surged. Pharma and metal closed in green but with modest gains.
The Sensex closed down 109.22 points or 0.62% at 17490.90, and the Nifty was down 35.95 points or 0.69% at 5192.25.
About 1529 shares have advanced, 1360 shares declined, and 195 shares are unchanged.
The BSE midcap and small cap indices closed at 0.84% at 7298 and 0.30% at 8848 respectively. The BSE realty index closed up at 0.49% at 8761. Akruti City, Anant Raj Ind, Ansal Infra, HDIL and DLF moved up. The BSE HealthCare index ended up 0.28% at 4301. Orchid Chemical, Wockhardt, Glenmark Pharma, Cadila & pca labs gained. The BSE metal index closed flat at 0.07 at 15873. Maharashtra Seamless, Gujarat Nre Coke, Jindal Stainless, Jindal Saw, Jindal Steel advanced. The BSE consumer durable index was ended down 2.62% or 119.52 points at 4449.33. The BSE auto index closed down 1.08% or 52.40 points at 4808.75. The BSE IT index ended down 1% or 43.54 points at 4315.04. The BSE capital goods closed down 0.40% or 56.88 points at 14187.
Markets Snapshot Market off day's high on profit booking in large-cap stocks, stock-specific action seen in midcap/small-cap stocks Sensex ends down 109 pts at 17490; slips 255 pts from days high Nifty ends down 36 pts at 5192; slips 62 pts from days high CNX Midcap Index up 0.74%, BSE Small-cap Index up 0.3% Unitech up 4.6% as govt allocates spectrum for Orissa circle Index losers; Hero Honda, Idea down 3.3%, Wipro, SBI, HDFC, DLF down over 2% each Buzzers: SRF Polymers, Ram Informatics up 20%, Subros up 18.4%, Lokesh Machines up 14% UCO Bank up 13%; Q4 standalone net profit at Rs 85 cr Vs Rs 30.9 cr Kolte Patil: still down nearly 10% from its issue price of Rs 145; has recovered from lows of 76 PFC: may be allowed to access up to $5 bn foreign exchange reserves to fund power projects BILT up 6%; to hike paper prices by 2500/tonne from tomorrow Stocks hits new all-time high during the day: Sesa Goa, REI Agro, Glenmark Pharma NSE Advance Decline at 1:1 Total market turnover at Rs 54119 cr Vs Rs 58171 cr on Friday FNO SNAPSHOT Volumes low compared to last 10-day avarage; although recovers in the last hour of trade due to volatility Nifty futures turnover at Rs 32972 cr Vs Rs 36304 cr on Friday Nifty futures prem at 13 pts; add 16.6 lakh shares in OI Unwinding seen in out-of-the-money call options and buying seen in out-of-the-moeny put options
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Messages on Market Outlook - Short Term
Other comments
down more than 80% in a single tradingday
In actual term, those stocks are worthless now.. Papers with Zero Value unless some change take place to ensure tha...
in Market Outlook - Short Term - BullSheetRules at 08-Sep-08 11:01
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Looking at the chart and data, I doubt that we will see 4650+ level. That is why, I just \\`wish\\` for those Long ...
in Market Outlook - Short Term - BullSheetRules at 08-Sep-08 10:55
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