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Mkt ends mixed: Frontliners down, midcaps up
Published on Thu, Nov 15, 2007 at 09:36 , Updated at Thu, Nov 15, 2007 at 19:08
Source : moneycontrol
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The markets ended mixed as there was sluggishness seen in the frontliners but the broader markets ended higher. Selling pressure seen in frontliners from banking, capital goods, IT and power space. Profit booking was inline with the weakness in Asian markets.Midcaps and smallcap both the indices were up over 1%. Essar pack stocks are on fire with Essar Shipping, Essar Oil and Essar Steel putting on huge gains. Essar Steel was locked in upper circuit up 20%. Steel stocks like Tata Metalliks, Lloyd Steel, JSW Steel, Shree Precoated ended in green. Metal, FMCG and realty stocks were attracting attention. Oil & gas sector was shining with refinery stocks like Bongaigaon up 30% followed by MRPL, HPCL, BPCL and IOC. Among the frontliners Bharti Airtel, Tata Steel, VSNL, Nalco, ITC were the top gainers. Power stocks have taken it on their chin, Reliance Energy, NTPC and Tata Power are all trading in red. Followed by banking and IT pivotals like HDFC Bank and Infosys. Rupee was quoting at 39.30 against a US dollar. Strength in rupee is seen despite some weakness in markets. Sensex was down 144.17 points or 0.72% at 19784.89, and the Nifty down 25.80 points or 0.43% at 5912.10. About 1933 shares have advanced, 1064 shares declined, and 68 shares are unchanged. The BSE Midcap Index ended at 8,414.09 down 1.6%. The BSE Smallcap Index ended at 10,227.66 down 1.9%. The BSE Bankex was down 2% at 11,053.02. HDFC Bank, Axis Bank, ICICI Bank, Karnataka Bank, SBI, PNB moved downwards. The BSE Capital Goods Index was up 0.2% at 20,905.87. Thermax, Reliance Infra, Jyoti Structure, Siemens, Bharat Bijlee closed higher. The BSE Auto Index closed flat at 5,391.37. MRF, Cummins, Bharat Forge, Tata Motors closed lower. The BSE Metal Index closed at 17,739.89 down 0.1%. Jindal Steel, Mah Seamless, Hindalco, Sterlite Ind closed lower. The BSE FMCG Index closed at 2,138.62 up 2%. GlaxoSmith Con, Godrej Consumer, ITC, United Spirits closed higher. BSE Oil and Gas Index closed at 12,315.88 up 2%. Essar Oil, HPCL, IOC, Petrnet LNG ended in green. The BSE IT Index was down 2% at 4,196.49. Wipro, Infosys, I-Flex Solution, HCL Tech, Mphasis closed lower. The NSE cash turnover was at Rs 21033.15 crore and the NSE F&O turnover was at Rs 65894.61 crore. The BSE cash turnover was Rs 9237.87 crore. Total market wide turnover was at Rs 96165.63 crore. Market trades mixed: Midcaps, smallcaps roaring It is a mixed day of trading, on one hand Sensex and Nifty are trading weak on the other midcaps and smallcaps are roaring. selling pressure seen in frontliners from banking, capital goods, IT and power space. Profit booking is inline with Asian markets. At 2.28 hrs IST, the Sensex is down 113.05 points or 0.57% at 19816.01, and the Nifty down 12.70 points or 0.21% at 5925.20. About 2003 shares have advanced, 989 shares declined, and 73 shares are unchanged. Midcaps and smallcaps both the indices are up over 1%. Essar pack stocks are on fire with Essar Shipping, Essar Oil and Essar Steel putting on huge gains. Essar Steel was locked in upper circuit up 20%. Steel stocks like Tata Metalliks, Lloyd Steel, JSW Steel, Shree Precoated are all trading in green. Metal, FMCG and realty stocks are attracting attention. Among the frontliners Bharti Airtel, Tata Steel, VSNL, Nalco, ITC were the top gainers. Power stocks have taken it on their chin, Reliance Energy, NTPC and Tata Power are all trading in red. Followed by banking and IT pivotals like HDFC Bank and Infosys. Rupee was quoting at 39.30 against a US dollar. Strength in rupee is seen despite some weakness in markets BSE IT index was down over 1.5%. major losers were Infosys at 1667 down Rs 38.35, I-Flex Soln at Rs 1419.20 down Rs 23.50 and Wipro at 463.80 down Rs 7.40. Most active shares on NSE are Essar Oil at Rs 143.60 with 12,219,846 shares, Reliance Petroleum at Rs 217.45 with 7,419,780 shares and GMR Infra at Rs 218.25 with 6,894,388 shares. Markets trade weak: Bharti Airtel, Tata Steel up The markets are trading weak on account of selling pressure seen in frontliners from banking, capital goods, IT and power space. However, the midcaps and smallcaps are roaring as both the indices are up over 1%. Profit booking is inline with Asian markets. At 12.56 hrs IST, the Sensex is down 169.06 points or 0.85% at 19760.00, and the Nifty down 34.50 points or 0.58% at 5903.40. About 1930 shares have advanced, 1056 shares declined, and 79 shares are unchanged. Essar pack stocks are on fire with Essar Shipping, Essar Oil and Essar Steel putting on huge gains. Essar Steel was locked in upper circuit up 20%. Steel stocks like Tata Metalliks, Lloyd Steel, JSW Steel, Shree Precoated are all trading in green. Metal, FMCG and realty stocks are attracting attention. Among the frontliners Bharti Airtel, Tata Steel, VSNL, Nalco, ITC were the top gainers. Power stocks have taken it on their chin, Reliance Energy, NTPC and Tata Power are all trading in red. Followed by banking and IT pivotals like HDFC Bank and Infosys. Rupee was quoting at 39.30 against a US dollar. Strength in rupee is seen despite some weakness in markets BSE IT index was down over 1.5%. major losers were Infosys at 1667 down Rs 38.35, I-Flex Soln at Rs 1419.20 down Rs 23.50 and Wipro at 463.80 down Rs 7.40. Most active shares on NSE are Essar Oil at Rs 143.60 with 12,219,846 shares, Reliance Petroleum at Rs 217.45 with 7,419,780 shares and GMR Infra at Rs 218.25 with 6,894,388 shares. Mkts trading quiet; IT, bank stocks weak The markets are trading flat today after strong rally yesterday. Cues from the global markets are not encouraging today. Midcap and smallcap have been outperforming the large cap stocks today. Metal and realty stocks are attracting attention, however, the banking and It stocks are subdued. At 11.47 am, the Sensex is down 104.45 points or 0.52% at 19824.61, and the Nifty down 11.90 points or 0.20% at 5926. About 2055 shares have advanced, 921 shares declined, and 89 shares are unchanged. On NSE the market breadth was positive with over 800 stocks on the advancing side and nearly 300 stocks on the downside. Rupee was quoting at 39.30 against a US dollar. Top gainers on the Nifty are Bharti Airtel at Rs 888.10 up 3.34%, PNB at Rs 616.10 up 2.41% and Maruti Suzuki at Rs 1,060 up 2.09%. Top losers on the Nifty are HDFC Bank at Rs 1,691.50 down 3.47%, Infosys at Rs 1,667.25 down 2.38% and Wipro at Rs 462.45 down 2.22%. Most active shares on NSE are Essar Oil at Rs 143.60 with 12,219,846 shares, Reliance Petroleum at Rs 217.45 with 7,419,780 shares and GMR Infra at Rs 218.25 with 6,894,388 shares. BSE IT index was down over 1.5%. major losers were Infosys at 1667 down Rs 38.35, I-Flex Soln at Rs 1419.20 down Rs 23.50 and Wipro at 463.80 down Rs 7.40. Mkts open with modest loss; cap good, metals gain Following the stupendous run yesterday, the markets opened with modest loss today on the back of weak cues from the global markets. Market breadth was positive with over 550 stocks on the advancing side and about 300 stocks on the decline side. At 9:56 am, Sensex was down 94 points at 19834 and Nifty was down 1 points at 5937. major gainers in the opening move were Hindalco, L&T, BHEL, Tisco, Tata Motors, Rel Energy, ONGC, Bharti, Airtel and Essar Oil. Asian markets were trading lower. Hong Kong's Hang Seng plunged 0.53% or 153.32 points at 29,012.69, Taiwan's Taiwan Weighted fell 0.21% or 18.53 points at 8,924.40, Singapore's Straits Times tumbled 0.62% or 22.03 points at 3,502.88, South Korea's Seoul Composite was down 0.30% or 5.95 points at 1,966.63. However, Japan's Nikkei rose 0.34% or 52.53 points at 15,552.09. US markets: The Dow fell 76.08 points, or 0.57%, to 13,231.01. Broader stock indicators also fell. The Standard & Poor's 500 index lost 10.47 points, or 0.71%, to 1,470.58, while the Nasdaq composite index tumbled 29.33 points, or 1.10%, to 2,644.32. Market cues:
F&O cues:
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