The markets ended in red on account of weak cues from global markets and downgraded FY08 guidance from Infosys. On the back of weak guidance the entire IT pack was beaten down and was among the top losers. However,
Selective buying was seen in metal, realty, cement and construction space. Even the midcap and smallcap space was buzzing outperforming the benchmark indices.
Post Infosys results the IT stocks took it on the chin and the index is down 2.9%. In its results Infy has said that there will be pressure on the margins due to appreciation in rupee. The rupee is trading at 40.38 today.
Indiabulls Real, Parsvnath, Akruti Nirman, Mahindra Gesco are the gainers in the realty space.
Sensex closed at 14,910 down 99 points, Nifty closed at 4387 down 19 points.
The BSE Midcap Index ended at 6,704.40 up 39 points or 0.60%.
The BSE Smallcap Index ended at 8,074.86 down 65 points or 0.8%.
The BSE Capital Goods Index was closed flat at 12,755.97. Carborundum, Punj Lloyd, Greaves Cotton, Gammon India, Areva T&D closed lower.
The BSE Health Care Index was down 0.3% at 3,838.54. Sterling Bio, Matrix Lab, Panacea Biotech, Ranbaxy Labs, Lupin, Sun Pharma closed lower.
The BSE Auto Index closed closed at 4,920.28 down 0.5%. Escorts, MRF, Tata Motors, Bharat Forge, Mah and Mah, Tube Investment ended in the red.
The BSE Metal Index closed at 10,816.64 down 1.5%. Hind Zinc, Tata Steel, JSW Steel, SAIL, JindalStainless, Jindal Steel declined.
The BSE FMCG Index gained 0.3% at 1,854.80.
BSE Oil and Gas Index closed flat at 7,616.99. Reliance Natura, Essar Oil, Petronet LNG, Reliance Petro, ONGC in green.
The BSE IT Index lost 3.3% at 4,791.99. Infosys, TCS, Satyam, Mphasis, Tech Mahindra, Wipro, HCL Tech closed weak
The BSE Bankex was down 0.2% at 7,427.55. PNB, ICICI Bank, SBI, Kotak Mahindra closed lower.
BSE Realty index was up 3%. Indiabulls Real, DLF, Unitech, Sobha Developer, Parsvnath, Peninsula Land were the top gainers
The NSE cash turnover was at Rs 11167.49 crore and the NSE F&O turnover was at Rs 34043.56 crore. The BSE cash turnover was Rs 5475.08 crore. Total market wide turnover was at Rs 50686.13 crore.
Selective buying was seen in metal, realty, cement and construction space. Even the midcap and smallcap space was buzzing outperforming the benchmark indices.
Post Infosys results the IT stocks took it on the chin and the index is down 2.9%. In its results Infy has said that there will be pressure on the margins due to appreciation in rupee. The rupee is trading at 40.38 today.
Indiabulls Real, Parsvnath, Akruti Nirman, Mahindra Gesco are the gainers in the realty space.
Sensex closed at 14,910 down 99 points, Nifty closed at 4387 down 19 points.
The BSE Midcap Index ended at 6,704.40 up 39 points or 0.60%.
The BSE Smallcap Index ended at 8,074.86 down 65 points or 0.8%.
The BSE Capital Goods Index was closed flat at 12,755.97. Carborundum, Punj Lloyd, Greaves Cotton, Gammon India, Areva T&D closed lower.
The BSE Health Care Index was down 0.3% at 3,838.54. Sterling Bio, Matrix Lab, Panacea Biotech, Ranbaxy Labs, Lupin, Sun Pharma closed lower.
The BSE Auto Index closed closed at 4,920.28 down 0.5%. Escorts, MRF, Tata Motors, Bharat Forge, Mah and Mah, Tube Investment ended in the red.
The BSE Metal Index closed at 10,816.64 down 1.5%. Hind Zinc, Tata Steel, JSW Steel, SAIL, JindalStainless, Jindal Steel declined.
The BSE FMCG Index gained 0.3% at 1,854.80.
BSE Oil and Gas Index closed flat at 7,616.99. Reliance Natura, Essar Oil, Petronet LNG, Reliance Petro, ONGC in green.
The BSE IT Index lost 3.3% at 4,791.99. Infosys, TCS, Satyam, Mphasis, Tech Mahindra, Wipro, HCL Tech closed weak
The BSE Bankex was down 0.2% at 7,427.55. PNB, ICICI Bank, SBI, Kotak Mahindra closed lower.
BSE Realty index was up 3%. Indiabulls Real, DLF, Unitech, Sobha Developer, Parsvnath, Peninsula Land were the top gainers
The NSE cash turnover was at Rs 11167.49 crore and the NSE F&O turnover was at Rs 34043.56 crore. The BSE cash turnover was Rs 5475.08 crore. Total market wide turnover was at Rs 50686.13 crore.
Source: Moneycontrol.com
