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Mkt ends flat amid volatility: Breadth negative
Published on Tue, Mar 18, 2008 at 09:47 , Updated at Wed, Mar 19, 2008 at 13:20
Source : moneycontrol,.com
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Markets ended flat amid a highly volatile session. Sensex opened flat and moved higher later but again slipped and was off nearly 400 points from day's high and Nifty was off 90 points. NSE advance:decline ratio was at 3:8. CNX Midcap was down 1.9% from the highs. Sensx failed to sustain above 15,000 mark and Nifty couldn't sustain above 4,600 levels. Midcap stocks were a major disappointment in today's session and Nifty Junior ended deeper in the red. Buying support from realty, FMCG, pharma, capital good stocks. However, selling pressure was seen in bank, metal, oil stocks. Sensex closed up 23.97 points or 0.16% at 14833.46, and the Nifty up 29.90 points or 0.66% at 4533.00. About 874 shares have advanced, 2104 shares declined, and 80 shares are unchanged. The BSE Midcap Index ended at 6,031.91 down 1.5%. The BSE Smallcap Index ended at 7,357.50 down 2%. The BSE Bankex ended at 7,515.82 down 0.7%. Bank of India, Andhra Bank, Kotak Mahindra, Oriental Bank, Allahabad Bank moved downwards. The BSE Capital Goods Index closed up 0.6% at 12,912.07. Astra Microwave, BHEL, Crompton Greave, Thermax closed higher. The BSE Auto Index closed at 4,345.05 up 0.4%. Escorts, TVS Motor, Amtek Auto, Cummins, Punj Tractors, MRF closed higher. The BSE Metal Index closed at 13,384.51 down 2.5%. Hind Zinc, Sterlite, NALCO, Shree Precoated, Mah Seamless, Jindal Steel, Jindal Saw, JindalStainless closed lower. The BSE FMCG Index closed up 0.3% at 2,125.08. Colgate, ITC, Bata India, Godrej Consumer, HUL closed higher. BSE Oil and Gas Index closed at 9,690.48 down 1%. GAIL, Reliance Natura, HPCL, RPL,ONGC, Reliance, ONGC ended in red The BSE IT Index was down 0.4% at 3,286.26. I-Flex Solution, Patni Computer, Financial Tech, Mphasis closed lower. The NSE cash turnover was at Rs 15034.84 crore and the NSE F&O turnover was at Rs 47532.3 crore. The BSE cash turnover was Rs 6955.26 crore. Total market wide turnover was at Rs 69522.4 crore. Mkt trades flat amid volatility: Breadth negative The markets are trading flat amid volatility. Buying support from energy, capital goods, IT stocks. Europe has opened in green lending some positive cues to the markets. Benchmark indices have outperformed the broader markets. After breaching 15,000 levels Sensex is trading below that mark and Nifty has breached 4,600. At 3.04 hrs IST, the Sensex is up 280.32 points or 1.89% at 15089.81, and the Nifty up 94.70 points or 2.10% at 4597.80. About 996 shares have advanced, 1984 shares declined, and 77 shares are unchanged. Relaince Energy, DLF, Tata Communication, and BPCL are among the top gainers up over 4% each followed by Satyam, Bharti Airtel, BHEL . NTPC, L&T, Reliance, ONGC, Tata Communication and ICICI Bank are among the frontline gainers Sterlite Ind was down over 4%, JP Associates, HDFC Bank, Tata Steel down over 2% each, HDFC, HCL Tech and M&M were among the other losers on boures. JP Associates, Axis Bank, RNRL, Indiabulls Real Estate and ICICI Bank were most active shares. Mkt trades higher: Sensex above 15K; Nifty breaches 46002.06 pm: The markets have gained some ground and are trading in green. Europe has opened in green lending some positive cues to the markets. Benchmark indices have outperformed the broader markets. After breaching 15,000 levels Sensex is trading above that mark and Nifty has breached 4,600. Bank, metal, realty stocks are among the top laggards on the indices. Buying is seen in energy, capital goods, IT stocks. CNX Midcap index is back in green. At 2.06 hrs IST, the Sensex is up 256.20 points or 1.73% at 15065.69, and the Nifty up 101.50 points or 2.25% at 4604.60. About 913 shares have advanced, 2065 shares declined, and 78 shares are unchanged. Relaince Energy, DLF, Tata Communication, and BPCL are among the top gainers up over 4% each followed by Satyam, Bharti Airtel, BHEL .NTPC, L&T, Reliance, ONGC, Tata Communication and ICICI Bank are among the frontline gainers Sterlite Ind was down over 4%, JP Associates, HDFC Bank, Tata Steel down over 2% each, HDFC, HCL Tech and M&M were among the other losers on boures. JP Associates, Axis Bank, RNRL, Indiabulls Real Estate and ICICI Bank were most active shares. Markets ranged amid volatility: Bank, metal down The markets opened flat after the sun outage on account of lack of buying in scrips. The markets have been volatilie in a tight range. It is flat for frontline indices but broader markets continue to trade lower. Bank, metal, realty stocks are among the top laggards on the indices. Selective buying is seen in energy stocks. Market breadth is negative. On the global front, Asian markets are trading mixed. At 12:35 hrs IST, the Sensex is up 46.06 points or 0.31% at 14850, and the Nifty up 22 points or 0.1% at 4508.10. About 771 shares have advanced, 2199 shares declined, and 85 shares are unchanged. BPCL, Nalco, Satyam, Bharti Airtel, BHEL were among the top gainers on the indices. Sterlite Ind was down over 8%, JP Associates, HDFC Bank, Tata Steel down over 4% each, HDFC, HCL Tech and M&M were among the other losers on boures. JP Associates, Axis Bank, RNRL, Indiabulls Real Estate and ICICI Bank were most active shares. Companies have paid advance taxes for the quarter ended March 2008. Mukesh Ambani's Reliance Industries paid Rs 443 crore versus Rs 118 crore YoY.
11.30: Mkts slip: Midcaps, bank, metal, realty down The markets have slipped and are trading in red with marginal losses. CNX midcap has given slipped deeper into the red. Bank, metal, realty stocks are among the top laggards on the indices. Selective buying is seen in energy stocks. Market breadth is On the global front, Asian markets are trading mixed. At 11.30 hrs IST, the Sensex was down 46.06 points or 0.31% at 14763.43, and the Nifty down 10.30 points or 0.23% at 4492.80. About 771 shares have advanced, 2199 shares declined, and 85 shares are unchanged. Sterlite Ind was down over 8%, JP Associates, HDFC Bank, Tata Steel down over 4% each, HDFC, HCL Tech and M&M were among the other losers on boures. JP Associates, Axis Bank, RNRL, Indiabulls Real Estate and ICICI Bank were most active shares. Companies have paid advance taxes for the quarter ended March 2008. Mukesh Ambani's Reliance Industries paid Rs 443 crore versus Rs 118 crore YoY.
Mkts trade flat: Energy, cap goods gain; midcaps slip The markets are trading higher with buying support from oil, telecom, power, realty, technology, FMCG and capital goods stocks. Market breadth is negative, about 1034 shares have advanced, 1933 shares declined, and 88 shares are unchanged. Midcaps are almost flat. On the global front, Asian markets are trading mixed. However, banking and auto stocks are down. At 10:31 am, the Sensex was up 103 points at 14,912 and the Nifty up 43 points at 4,546. NSE advance:decline ratio mixed with negative bias at 515:578. DLF, Bharti Airtel, NTPC, Reliance Communication and Nalco were top gainers while JP Associates, HDFC Bank, HDFC, Sterlite, HCL Tech and M&M top losers on boures. JP Associates, Axis Bank, RNRL, Indiabulls Real Estate and ICICI Bank were most active shares. Telecom, capital goods, power and oil stocks were getting strong support from buyer's hands. The BSE Teck, Capital Goods, Power and Oil indices were up over 1%. However, Bankex and Auto indices were down over 0.3%. Companies have paid advance taxes for the quarter ended March 2008. Mukesh Ambani's Reliance Industries paid Rs 443 crore versus Rs 118 crore YoY.
Markets open lower mirroring weak global cues The markets have opened lower following weak cues across the globe and selling pressure in banking, power, oil and capital goods stocks but turned volatile in morning trade. At 9:56 am, the Sensex was down 83 points at 14725 and the Nifty down 26 points at 4476. ICICI Bank, Reliance Energy, Tata Power, HDFC Bank, Tata Comm, HDFC, Satyam, L&T, Reliance Ind and SBI were major losers. Asian markets were trading lower barring Nikkei. Shanghai Composite fell 1.79% or 68.21 points at 3,751.84. Hang Seng was down 2.37% or 499.75 points at 20,584.86. Jakarta Composite plunged 2.22% or 51.44 points at 2,260.88. Straits Times was down 0.82% or 23.01 points at 2,769.74. Seoul Composite went down 3.74 points or 0.24% at 1,570.70. Taiwan Weighted fell 0.07% or 5.56 points at 7,999.90. However, Japan's Nikkei was up 0.79% or 93.66 points at 11,881.17. Wall Street did start off on a nervous note but markets recovered some ground in afternoon trade and the Dow finished with a small gain. Investors rewarded JP Morgan for its weekend move on Bear Stearns. But punished other banks on conerns that they might be over valued. The Dow gained 21.16 points, or 0.18%, to 11,972.25. The Standard & Poor's 500 index was down 11.54 points, or 0.90%, to 1,276.60. The Nasdaq composite index declined 35.48 points, or 1.60%, to 2,177.01. Market cues:
F&O cues:
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