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Mkt ends off day's low; IT surges, Realty down

Published on Tue, May 06 at 09:56 , Updated at Wed, May 07 at 10:59
Source : moneycontrol.com

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The markets closed in red but have recovered smartly at the end of the day as technology stocks surge on rupee depreciate. Rupee slips to 8-month low of Rs 40.96 per US dollar. The BSE IT and FMCG indices closed with good gains. However, realty, power capital goods and pharma indices witness selling pressure.
 
The Sensex closed down 117.89 points or 0.67% at 17373.01, and the Nifty was down 47.60 points or 0.92% at 5144.65.
 
About 1065 shares have advanced, 1817 shares declined, and 203 shares are unchanged.
 

The BSE realty index plunged 4.63% or 404.36 points at 8337. Unitech, HDIL, DLF, Ansal Infra and Omaxe down.

 

The BSE Power index ended down 2.15% or 73 points at 3315.61.Tata Power, Reliance Energy, GMR Infra, Torrent Power and BHEL closed negative.

 

The BSE capital goods index shed 1.80% or 255.48 points at 13954.55. Praj Ind, Elcon Engg, L&T, AIA Engg and Suzlon Energy fell.

 

The BSE pharma index dropped 1.41% or 60.72 points at 4235.32. Glenmark, Divis Labs, Dishman Pharma, Orchid Chemical and Opto Circuits down.

 

The BSE auto index fell 0.83% or 40.03 points at 4772.10. TVS Motor, Escorts, Maruti Suzuki, M&M and Punj Tractors slid.

 

The BSE IT index surged 1.53% or 66.02 points at 4383.36. Tech Mahindra, Satyam, Infosys, HCL Tech and Wipro gained.

 

The BSE FMCG index gained 0.97% or 23.89 points at 2497.82. United Brewereie, ITC, Dabur India, Colgate and Glaxo consumer moved up.
 
The NSE cash turnover was at Rs 14630.34 crore and the NSE F&O turnover was at Rs 32856.62 crore. The BSE cash turnover was Rs 6720.55 crore. Total market wide turnover was at Rs 54207.51 crore.
 

MARKETS SNAPSHOT

Markets recovers from day's low in last half hour of trade heldped by tech stocks as rupee slips to 8-mth low

Sensex ends down pts at ; recovers nearly 130 pts from day's low

Nifty ends down pts at ; recovers nearly 60 pts from day's low

Bharti down 5.32% after reports that the co is bidding for 51% stake of MTN: FT

BSE IT Index up 2.5% as rupee hits 40.96; Satyam up 2%, Wipro up 1.5%, Infy up 1.2%

BSE Realty Index down 4.5%; Unitech down 7.15%, DLF down 5.24%

Metal pack saw soem buying interest: Sterlite up 5%, Nalco up 2.4%

United Breweries up 18%; 2.5% equity changed hands on NSE in the morning

Losers; Rel Cap down 6.9%, HDIL down 6.3%, Kolte Patil down 7.14%, Glenmark Pharma down 6.5%, JP Assoc, GMR Infra down 5%

NSE Advance Decline at 1:3

Total market turnover at Rs 54207.5 cr Vs Rs 54119 cr on Monday

Nifty futures turnover at Rs 32856 cr Vs Rs 32972 cr on Monday

FNO SNAPSHOT

Nifty futures prem at 30 pts; add 27.6 lakh shares in OI

Nifty future constitutes nearly 30% of total FNO turnover

Dabur, ITC, Satyam, Tata Steel, Cairn, Polaris witness long postions

 

Continued on Page 2........

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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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