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Market ends with moderate gains amid volatility

Friday, May 11, 2007

The market ended the day with marginal gains amid an extremely volatile trading session. However, they outperformed its Asian and European peers. The markets picked up momentum in the noon with inflation numbers for the week ended April 28 coming in lower at 5.66% versus 5.77%. Also the manufacturing and industrial output numbers came in strong. The midcaps and smallcaps outperformed the frontline indices gving markets an even breadth on the back of large volume.

Sensex closed up 24.93 points or 0.18% at 13796.16, and the Nifty up 9.85 points or 0.24% at 4076.65.

About 1236 shares have advanced, 1255 shares declined, and 81 shares are unchanged.

The BSE Midcap Index ended at 5,851.27 up 35.15 points or 0.6%.

The BSE Smallcap Index ended at 6,984.40 up 33 points or 0.47%.

The BSE Bankex was up 0.6% at 6,905.10. Bank of Baroda, Federal Bank, SBI, Centurion BoP moved upwards.

The BSE Capital Goods Index was flat at 9,871.53. Alfa Laval, Alstom Projects, SKF India, Bharat Elec, Siemens closed higher.

The BSE Health Care Index was down 0.5% at 3,679.91. Nicholas Pirama, Wockhardt, Sun Pharma, Cipla
closed lower.

The BSE Auto Index closed at 5,022.87 up 0.5%. Sundaram-Clayto, Bajaj Auto, Exide Industrie, Tube Investment, TVS Motor ended higher.

The BSE Metal Index closed at 10,065.76 down 0.4%. Hindalco, Tata Steel, Sterlite Ind, Hind Zinc
advanced lower.

The BSE FMCG Index closed down 1.1% at 1,798.86. Britannia, HLL, Colgate, Shaw Wallace closed lower.

BSE Oil and Gas Index closed at 7,188.67 up 0.5%. Reliance Natura, MRPL, BPCL, Reliance ended in green.

The BSE IT Index up 0.94% at 4,924.12. Moser Baer, TCS, Mphasis, HCL Tech, I-Flex Solution closed higher.

The NSE cash turnover was at Rs 9392.53 crore and the NSE F&O turnover was at Rs 38697.93 crore. The BSE cash turnover was Rs 4435.78 crore. Total market wide turnover was at Rs 52526.24 crore.


Markets today

-Markets close marginally higher after choppy trade
-Sensex ends at 13,796, Nifty at 4077, up 0.2% each
-BSE IT Sector index up 1%; TCS up 1.9%, HCL Tech up 1.7%
-Index gainers: RPL up 7.7%, Bajaj Auto up 4.3%, SBI up 2.6%
-BSE FMCG index down 1.1%; HLL down 2.3%, ITC down 1%
-Index losers: M&M down 3.1%, ACC down 2.8%, HDFC Bank down 1.9%
-NSE CNX Midcap index closes up 0.3% at 5295 points
-BSE Small Cap index closes up 0.5% at 6984 points
-Market breadth slightly negative; NSE Advance Decline ratio 12:13
-Total market turnover Rs 52,526.24 cr vs Rs 44,614.97 cr on Thu

Markets this week

  • Markets end weak during the week of UP elections, Fed meet
  • Sensex down 1% at 13796; Nifty down 1% at 4076.6
  • BSE IT Index down 3.11%; Wipro, Infosys, Satyam down nearly 3.5%
  • BSE Healthcare Index down 1.75%; Cipla down 5.7%, DRL down 5%
  • Index Losers: GAIL down 10.35%, M&M down 8.8%, ONGC down 4.89%, HLL down 4.84%
  • BSE Metal Index up 0.70%; Nalco up 3.13%, Tata Steel up 3%
  • Index Gainers: BPCL up 6.8%, Bajaj Auto up 6%, SBI up 2.19%
  • CNX Midcap Index down 1%; BSE Small Cap Index down 0.67%
  • Midcap gainers; Page Ind up 34%, Bank of Rajasthan up 26.5%, DCB up 21%
  • Midcap gainers; Adhunik Metaliks up 24%, Redington up 17.5%, PFC up 13%
  • Small-cap gainers; Shivam Autotech up 29%, Pyramid Retail up 11%, Bharat Bijlee up 10%

Posted by FR at 6:08 PM  

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Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.