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Indian Stock Market


Market lacklustre: IT sector still under pressure

Tuesday, May 8, 2007

The market is lacklustre due to lack of buying interest. Selective buying is seen in metal, banking and capital good stocks. However IT pivotals continue to reel under pressure. It is absolutely flat in the midcap and smallcap space.

At 11.49 am IST, the Sensex is up 44.51 points or 0.32% at 13923.76, and the Nifty up 12.85 points or 0.31% at 4124.

About 1154 shares have advanced, 979 shares declined, and 88 shares are unchanged.

Tata Steel, ACC, Grasim, SAIL and Nalco are among the gainers on the frontline indices.

Hero Honda, Infosys, HDFC Bank and Zee Entertainment are among the top losers.

Index heavyweight Hindustan Lever was trading at Rs 195.85 up 0.2% from its previous close of Rs 195.45.

Index heavyweight Reliance was trading at Rs 1,608.10 up 0.17% from its previous close of Rs 1,605.45.

Tech major Infosys was trading at Rs 2,020.00 down 0.92% from its previous close of Rs 2,038.80.

Cigarette major ITC was trading at Rs 160.00 down 0.47% from its previous close of Rs 160.75.

Refinery major HPCL was trading at Rs 288.85 up 0.07% from its previous close of Rs 288.65.

Posted by FR at 11:47 AM  

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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.