Thursday, May 29, 2008

Markets Today

Markets closed in red after a good morning start. During the day’s trade, it was trading almost volatile and suddenly slipped before the last half hour, as trade wound up. The BSE auto index has underperformed the other sectoral indices; it closed down over 3%. Bank, oil & gas, power realty, consumer durable & FMCG indices were witnessing selling pressure.
However, capital goods index closed with good gains; this sectoral was led by Larsen & Toubro as it came out with good financial numbers.
The Sensex closed down 209.11 points or 1.27% at 16316.26, and the Nifty was down 83.05 points or 1.69% at 4835.30.
About 1230 shares have advanced, 1670 shares declined, and 210 shares are unchanged.
The BSE midcap index down 0.17% and smallcap index down 0.68%.
The BSE auto index tumbled 3.24% or 147.69% at 4414.34.Tata Motors, Mahidra and Mahindra, Hindustan Motors, Hero Honda, TVS Motors closed down.
The BSE bankex fell 2.79% or 221.14 at 7712.36. SBI, ICICI Bank, Allahabad Bank, Bank of India, Canara Bank ended in red.
The BSE oil & gas index plunged 1.91% or 206.27 at 10571.64. ONGC, Reliance, RNRL, Gail, Petronet LNG, Essar Oil closed negative.
The BSE realty index dropped 1.45% or 105.04 at 7125.38. Puavankara Projects, HDIL, Ansal Properties, Unitech, Peninsula Land, DLF slipped.
The BSE power slipped 1.35% or 41.81 at 3062.48. Suzlon, GMR Infra, NTPC, GVK Power ended down.
The BSE FMCG index cut down 0.99% or 24.21 points at 2419.47. Colgaste, HUL, ITC, Nestle fell.
However, the BSE capital goods index surged 2.03% or 255.12 points at 12827.03. Larsen, Alstom Projects, Bharat Elec, Carborundum, BEML, Jyoti Structure surged.
The BSE metal moved up 0.58% or 96 points at 16745.65. Jindal Steel, Jindal Saw, JSW Steel,Sesa Goa, JindalStainless flared.
The NSE cash turnover was at Rs 18136 crore and the NSE F&O turnover was at Rs 64758.96 crore. The BSE cash turnover was Rs 6206.67 crore. Total market wide turnover was at Rs 89101.63 crore.
Source: moneycontrol.com

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