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Mkts close moderately down: Bank, realty weak; FMCG up
Published on Wed, Apr 30, 2008 at 09:54 , Updated at Thu, May 01, 2008 at 16:20
Source : moneycontrol.com
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The markets were seen consolidating in today's session as it closed lower with moderate losses. Selling pressure was seen in bank, oil & gas, realty stocks. However, FMCG and IT index has outperformed other sectoral indices. The BSE midcap and smallcap closed with marginal losses. On the global front, Asia markets ended mixed and Europe was also trading mixed. Sensex closed down 91.15 points or 0.52% at 17287.31, and the Nifty down 29.60 points or 0.57% at 5165.90. About 1378 shares have advanced, 1488 shares declined, and 216 shares are unchanged. The BSE Midcap Index ended at 7,138.74 down 0.1%. The BSE Smallcap Index ended at 8,773.57 down 0.1%. The BSE Bankex ended at 8,816.99 down 1.7%. Bank of India, Andhra Bank, Kotak Mahindra, Oriental Bank, Allahabad Bank moved downwards. The BSE Capital Goods Index closed up 0.2% at 13,755.04. Praj Industries, AIA Engineering, Rel Ind Infra, Kirloskar Oil, Bharat Bijlee, Astra Microwave, Lakshmi Machine closed higher The BSE Auto Index closed at 4,708.32 up 1%. TVS Motor, Mah and Mah, Bosch, Tata Motors, Ashok Leyland, Hind Motors, Maruti Suzuki, Punj Tractors closed higher. The BSE Metal Index closed at 16,090.20 down 0.6%. Hind Zinc, Sterlite, NALCO, Shree Precoated, Mah Seamless, Jindal Steel, Jindal Saw, JindalStainless closed lower. The BSE FMCG Index closed up 2% at 2,460.78. Colgate, ITC, Godrej Consumer, HUL, GlaxoSmith Con closed higher. BSE Oil and Gas Index closed at 11,480.55 down 1.6%. GAIL, Reliance Natura, HPCL, RPL,ONGC, Reliance, ONGC ended in red. The BSE IT Index was up 0.2% at 4,244.56. Wipro, I-Flex Solution, Patni Computer, Tech Mahindra, TCS, Infosys closed higher. Mkt trades weak: Bank, oil dowm; FMCG, IT up The markets are trading weak with moderate losses on account of selling pressure in bank, oil & gas, realty stocks. However, FMCG and IT index has outperformed other sectoral indices. The BSE midcap and smallcap are trading with marginal gain. On the global front, Asia markets ended mixed and Europe was also trading mixed. At 1.48 hrs IST, the Sensex is up 6.02 points or 0.03% at 17384.48, and the Nifty down 14.05 points or 0.27% at 5181.45. About 1485 shares have advanced, 1376 shares declined, and 221 shares are unchanged. The BSE IT index was up nearly 2% at 4317 and FMCG index was up 1% at 2438. Top losers on the bourses are HDFC, Grasim and ICICI Bank, Cairn India and NALCO. Top gainers on the bourses are Infosys, Tata Motors, TCS, BPCL and SAIL are among major gainers Mkts trading near day's lows; Nifty below 5200 level The markets are trading near day’s lows as bank, oil & gas, realty stocks witnessing selling pressure. However, IT index has outperformed other sectoral indices. The BSE midcap and smallcap are trading with marginal gain. At 12.40 pm, the Sensex is down 62.96 points or 0.36% at 17315.50, and the Nifty down 28.85 points or 0.56% at 5166.65. About 1553 shares have advanced, 1303 shares declined, and 226 shares are unchanged. The BSE IT index was up nearly 2% at 4317 and FMCG index was up 1% at 2438. Top losers on the bourses are HDFC, Grasim and ICICI Bank, Cairn India and NALCO. Top gainers on the bourses are Infosys, Tata Motors, TCS, BPCL and SAIL are among major gainers Mkts choppy; Realty, auto, power stks up Markets have given up its morning gains and are hovering around yesterday’s close. Buying interest is seen in realty, auto and power stocks. However, bank, IT and metal stocks are witnessing selling pressure. At 10.48 am, the Sensex is up 4.99 points or 0.03% at 17383.45, and the Nifty up 8.50 points or 0.16% at 5204.00.
About 1708 shares have advanced, 1150 shares declined, and 224 shares are unchanged. Top gainers on the bourses are Reliance Comm, Tata Motors, M&M, Idea Cellular and Maruti Suzuki. Most active shares on BSE are Sesa Goa, Reliance Petro and Indiabulls Sec. Mkt opens with good gains; DLF, Rel Comm up The markets have opened with good gain. Nifty trading above 5200 mark. DLF, Reliance Comm, JP Associate are witnessing buiyng interest ahead of their earnings. At 19.56 am, the Sensex was up points 91 at 17468, and the Nifty was up 23 points at 5218.50. Unitech, Hindalco, Sayam, Suzlon, Dr Reddy Labs are among major gainers. IFCI, Nagarjuna Fertiliser are among major losers. Asian Markets: Asian markets were trading firm. Hong Kong's Hang Seng slipped 0.17% or 43.10 points at 25,871.05. Taiwan's Taiwan Weighted gained 0.41% or 36.80 points at 8,928.54.
US markets ended almost flat as the markets are still jittery ahead of the Fed decision and the tide turned towards technology stocks. Among the tech pack, Google and Apple gained over a percent. IBM also rose 1% as it announced that it is raising its dividend by 25%. The Dow lost 39 points to close at 12,832. The Nasdaq however shut almost 2 points higher at 2,426. While the S&P 500 closed 5 points lower at 1,391. F&O cues:
Market cues:
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NSE Traded value - FII : 30% Local : 70%
very very true. . . Cheers...
in Market Outlook - Short Term - rajesh chhabria at 22-Nov-08 06:51
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
bhel,sbi,axis,icici(believe me or not) bharti, ril and infosys.. hindalco and suzlon remain contrarian buys.. can g...
in Market Outlook - Short Term - nightowl at 22-Nov-08 06:34
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