Mkt ends in green amid volatility: Midcap down; IT up
Published on Wed, Mar 05, 2008 at 09:51 , Updated at Wed, Mar 05, 2008 at 22:53
Source : moneycontrol.com
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The markets managed to close in green amid volatility. However, the broader markets closed in red giving markets negative breadth. Buying was seen in IT stocks followed by metal, oil & gas stocks. Banking and power pivotals closed weak. Auto index which was holding out its gains in the falling markets is closed flat today. Sensex closed up 202.19 points or 1.24% at 16542.08, and the Nifty up 57.15 points or 1.17% at 4921.40. About 878 shares have advanced, 2102 shares declined, and 67 shares are unchanged. The BSE Midcap Index ended at 7,114.18 down 1%. The BSE Smallcap Index ended at 8,809.79 down 1.6%. The BSE Bankex was down 1.5% at 8,916.03. Bank of India, Union Bank, IOB, Bank of Baroda and Oriental Bank closed in red. The BSE Capital Goods Index closed at 14,688.40 down 0.9%. Gammon India, Punj Lloyd, Triveni Engg, Carborundum and Reliance Infra closed lower. The BSE Auto Index closed at 4,849.86 down 0.2%. Punj Tractors, Tube Investment, Bajaj Auto and Hind Motors closed lower. The BSE Metal Index closed at 16,016.46 up 1.2%. JSW Steel, Jindal Steel, Jindal Stainless, Hind Zinc closed higher. The BSE FMCG Index closed up 3% at 2,232.05. Colgate, ITC, Nestle, Dabur ended higher BSE Oil and Gas Index closed at 10,330.75 up 1.6%. BPCL, HPCL, IOC, Reliance Natura, GAIL ended higher. The BSE IT Index was at 3,752.47 down 4%. Satyam, Wipro, HCL, Infosys, Tech mahindra, TCS, Tech Mahindra closed lower. The NSE cash turnover was at Rs 12075.76 crore and the NSE F&O turnover was at Rs 70004.57 crore. The BSE cash turnover was Rs 10673.85 crore. Total market wide turnover was at Rs 103955.62 crore. Mkt trades in green amid volatility: Satyam, Infy,ITC up The frontline indices are trading in green with moderate gains amid volatility. However, the broader markets are more or less flat giving markets negative breadth. Buying is seen in IT stocks followed by metal, oil & gas and power tsocks. Trading weak are banking pivotals. Auto index which was holding out its gains in the falling markets is trading flat today. At 14.21 hrs IST, the Sensex is up 186.20 points or 1.14% at 16526.09, and the Nifty up 38.30 points or 0.79% at 4902.55. About 798 shares have advanced, 2177 shares declined, and 71 shares are unchanged. The cues from Asia are not very encouraging with most of the Asia trading lower. IT index is up over 2.5% followed by BSE metal index up over 1.7%. The other indices in green are power, oil & gas, realty. Bankex is down over 1.5% and is the top laggard. Satyam, Infosys, HCL Tech, Tata Steel, BPCL, ONGC, TCS, Wipro are among some of the frontline gainers. Reliance Energy, Bharti Airtel, ACC, HDFC Bank, Bajaj Auto, HUL, ICICI Bank, ITC, Ranbaxy, Suzlon Energy, SBI were among the losers. Mkts witness volatility: IT up; midcap, bank down The market has re opened after the sun outage and continues to trade flat. However, the broader markets are more or less flat giving markets negative breadth. Buying is seen in IT stocks followed by metal, oil & gas and power stocks. Trading weak are banking pivotals. Auto index which was holding out its gains in the falling markets is trading flat today. At 13.07 hrs IST, the Sensex is up 23.78 points or 0.15% at 16363.67, and the Nifty up 17.00 points or 0.35% at 4881.25. About 811 shares have advanced, 2148 shares declined, and 87 shares are unchanged. The cues from Asia are not very encouraging with most of the Asia trading lower.IT index is up over 2.5% followed by BSE metal index up over 1.7%. The other indices in green are power, oil & gas, realty. Bankex is down over 1.5% and is the top laggard. Satyam, Infosys, HCL Tech, Tata Steel, BPCL, ONGC, TCS, Wipro are among some of the frontline gainers. Bharti Airtel, ACC, HDFC Bank, Bajaj Auto, HUL, ICICI Bank, ITC, Ranbaxy,, Suzlon Energy, SBI were among the losers. Mkts witness volatility: IT up; midcap, bank down The frontline indices are off the highs and are trading flat amid volatility. However, the broader markets are more or less flat giving markets negative breadth. Buying is seen in IT stocks followed by metal, oil & gas and power tsocks. Trading weak are banking pivotals. Auto index which was holding out its gains in the falling markets is trading flat today. At 11.17 hrs IST, the Sensex is down 1.93 points or 0.01% at 16337.96, and the Nifty down 6.70 points or 0.14% at 4857.55. About 845 shares have advanced, 2105 shares declined, and 96 shares are unchanged. The cues from Asia are not very encouraging with most of the Asia trading lower. IT index is up over 2.5% followed by BSE metal index up over 1.7%. The other indices in green are power, oil & gas, realty. Bankex is down over 1.5% and is the top laggard. Satyam, Infosys, HCL Tech, Tata Steel, BPCL, ONGC, TCS, Wipro are among some of the frontline gainers. Bharti Airtel, ACC, HDFC Bank, Bajaj Auto, HUL, ICICI Bank, ITC, Ranbaxy,, Suzlon Energy, SBI were among the losers. Mkt trades in green amid volatility: IT up; bank down The frontline indices are trading in green with moderate gains amid volatility. However, the broader markets are more or less flat giving markets negative breadth. Buying is seen in IT stocks followed by metal, oil & gas and power tsocks. Trading weak are banking pivotals. Auto index which was holding out its gains in the falling markets is trading flat today. At 10.35 hrs IST, the Sensex is up 79.07 points or 0.48% at 16418.96, and the Nifty up 40.35 points or 0.83% at 4904.60. About 982 shares have advanced, 1964 shares declined, and 100 shares are unchanged. The cues from Asia are not very encouraging with most of the Asia trading lower. IT index is up over 2.5% followed by BSE metal index up over 1.7%. The other indices in green are power, oil & gas, realty. Bankex is down over 1.5% and is the top laggard. Satyam, Infosys, HCL Tech, Tata Steel, BPCL, ONGC, TCS, Wipro are among some of the frontline gainers. Bharti Airtel, ACC, HDFC Bank, Bajaj Auto, HUL, ICICI Bank, ITC, Ranbaxy,, Suzlon Energy, SBI were among the losers. Mkts flat in opening trade; banks down, Oil up The markets have opened lower in early trade on the back of weak cues across the globe and selling pressure in banking and telecom stocks but turned into volatile trade. Oil stocks are trading marginally higher. Market breadth is negative, about 717 shares have advanced, 2245 shares declined, and 83 shares are unchanged. At 9:56 am, the Sensex was down 34 points at 16,305 while the Nifty up 7.3 points at 4,871. NSE advance:decline ratio stood at 247:621. IDEA, Bharti Airtel, ACC, HDFC Bank, Bajaj Auto, HUL, ICICI Bank, ITC, Suzlon Energy, SBI were losers while ONGC, Reliance Energy, Ranbaxy, Cipla, Satyam and Infosys were gainers in morning trade. Asian markets trading lower. Hong Kong's Hang Seng plunged 0.50% or 116.74 points at 23,003.13. Japan's Nikkei fell 0.21% or 27.87 points at 12,964.41. Taiwan's Taiwan Weighted was flat at 8,462.57. Singapore's Straits Times was down 0.42% or 12.38 points at 2,907.30. South Korea's Seoul Composite declined 0.25% or 4.18 points at 1,672. Market cues:
F&O cues:
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WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Gud to see so many GREEN spots today! Let us hope DOW rock n roll taking other world markets along with it for t...
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WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
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