Wednesday, May 30, 2007

Markets Today

The markets closed in red near the day lowest points of the day. It spend most of the day hovering near its previous close but slipped during the last hour of trade. The market breadth was in favour of declines. The fall was inline with its gloabal and Asian peers on the back of fall in Chinese markets.
The BSE Midcap which opened in green slipped and underperformed the frontline index. Except for the the captal goods index, all the BSE sector indices closed in red. IT, metal, FMCG and banking indices ended lower. The turnover was quite brisk ahead of the F&O expiry day.
Sensex was down 96.83 points or 0.67% at 14411.38, and the Nifty down 43.60 points or 1.02% at 4249.65.
About 959 shares have advanced, 1580 shares declined, and 65 shares are unchanged.
The BSE Small Cap Index closed at 7,349.56 down 0.5%.
The BSE Midcap Index ended at 6,191.61 down 1%.
The BSE Capital Goods Index was up 1.7% at 11,079.43. L&T up 7.39%, Bharat Elec up 4.41%, Thermax up 4.25%, Alstom Projects up 3.58%, Gammon India up 1.87% .
The BSE FMCG Index down 1.7% at 1,881.32. Tata Tea, Colgate, Britannia, Marico, HLL, Dabur India closed in red.
The BSE Metal Index was down 1.4% to close at 10,344.67. JSW Steel, JindalStainless, SAIL, Hindalco, Welspun Guj were among the losers
The BSE Health Care Index was down 0.8% at 3,827.38. Nicholas Pirama, Glenmark, Novartis India, Panacea, Biotech, Cipla closed lower.
The BSE Auto Index closed at 4,948.16 down 0.2%. TVS Motor, Asahi India, Maruti Udyog, Bharat Forge, Mah and Mah, Escorts among the losers
The BSE IT Index closed at 4,814.09 down 1.9%. Patni Computer, Moser Baer, Infosys, HCL Info, I-Flex Solution ended weak.
The BSE Bankex was down 1.3% at 7,659.09. Federal Bank, HDFC Bank, Andhra Bank, Kotak Mahindra, Allahabad Bank closed lower.
The BSE Oil and Gas Index closed at 7,755.58 down 0.5%. Reliance Natura, IOC, MRPL, Petronet LNG closed in red.
Source: moneycontrol.com

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