For updates visit
Markets slip in late trade after choppy session; metals, banks drag
Thursday, May 24, 2007
It was a disappointing close for the markets. It ended in red near the lowest point of the day. The global cues were not very encouraging as well. Broader markets have performed a shade better. Breadth was quite weak but midcap and smallcap were not hit as badly. Heavy selling pressure was seen in banking, metal and oil & gas stocks. However, select technology, HLL, media stocks closed in green.
Steel stocks were under pressure leading the downtrend was Tata Steel. The Steel Mininstry has said that there is no question of steel prices rising as of now.
Bank stocks ended in red on fears of hike in the CRR going ahead.
Advanta India, Matrix, Arihant, NIIT Tech, Divis Labs, Timken and Deccan Aviation were the stocks that performed better in the broader space. Even media stocks like Balaji, UTV, Sun TV, Raj TV closed higher.
Sensex was down 145.15 points or 1.01% at 14218.11, and the Nifty down 41.30 points or 0.97% at 4204.9.
About 996 shares have advanced, 1513 shares declined, and 87 shares are unchanged.
Top gainers on the indices were NTPC, HLL, Satyam, ABB, Reliance Petro, HCL Tech and Tata Motors.
Top losers on the indices are Tata Steel, PNB, HPCL, Reliance Energy, Reliance Comm and HDFC Bank.
The BSE Small Cap Index closed at 7,201.75 down 0.5%.
The BSE Midcap Index ended at 6,100.47 down 8 points or 0.14%.
The BSE FMCG Index gained 0.2% at 1,901.96. United Spirits, P and G, Nirma, Nestle closed in red.
The BSE Metal Index was down 1.6% to close at 10,462.28. Tata Steel, Welspun Guj, JSW Steel, Hindalco
were among the losers.
The BSE Bankex was down 1.5% at 7,479.29. PNB, IOB, Oriental Bank, Union Bank, UTI Bank moved downwards.
The BSE Health Care Index was down 0.5% at 3,738.66. Aurobindo Pharm, Glenmark, Cadila Health, Sun Pharma, Ranbaxy Labs closed lower.
The BSE Capital Goods Index was down 0.4% at 10,252.98. Alfa Laval, Thermax, KEC Infrastruct, HEG, L&T ended higher
The BSE Auto Index closed flat at 4,841.56. MICO, TVS Motor, Tata Motors, Sundram were among the gainers.
The BSE IT Index closed at 5,067.73 up 0.3%. HCL Info, HCL Tech, Satyam, Infosys ended higher.
The BSE Oil and Gas Index closed at 7,655.33 down 1.5%. HPCL, IOC, BPCL, Reliance, ONGC ended weak.
The NSE cash turnover was at Rs 9550.97 crore and the NSE F&O turnover was at Rs 34762.53 crore. The BSE cash turnover was Rs 4441.96 crore. Total market wide turnover was at Rs 48755.46 crore.
F&O action:
-Turnover at Rs cr vs Rs 33,963.21 cr on Wednesday
-Nifty discount widens to 14 points from 8 points on Wed
-Top traded: Rel Cap, RIL, Tata Steel, Idea, Divi's
-Nagarjuna Fert up 4.8%; cuts 6.30 lakh shares in OI
-Matrix Labs up 11.45%; cuts 3 lakh shares in OI
-Reliance Energy down 3.7%; cuts 2.56 lakh shares in OI
-Tata Steel down 3.4%; cuts 2.3 lakh shares in OI
-R Comm down 4%; adds 8 lakh shares in OI
-Voltas up 2.4%; adds 4.3 lakh shares in OI
-Deccan Aviation up 6%; adds 1.4 lakh shares in OI
Steel stocks were under pressure leading the downtrend was Tata Steel. The Steel Mininstry has said that there is no question of steel prices rising as of now.
Bank stocks ended in red on fears of hike in the CRR going ahead.
Advanta India, Matrix, Arihant, NIIT Tech, Divis Labs, Timken and Deccan Aviation were the stocks that performed better in the broader space. Even media stocks like Balaji, UTV, Sun TV, Raj TV closed higher.
Sensex was down 145.15 points or 1.01% at 14218.11, and the Nifty down 41.30 points or 0.97% at 4204.9.
About 996 shares have advanced, 1513 shares declined, and 87 shares are unchanged.
Top gainers on the indices were NTPC, HLL, Satyam, ABB, Reliance Petro, HCL Tech and Tata Motors.
Top losers on the indices are Tata Steel, PNB, HPCL, Reliance Energy, Reliance Comm and HDFC Bank.
The BSE Small Cap Index closed at 7,201.75 down 0.5%.
The BSE Midcap Index ended at 6,100.47 down 8 points or 0.14%.
The BSE FMCG Index gained 0.2% at 1,901.96. United Spirits, P and G, Nirma, Nestle closed in red.
The BSE Metal Index was down 1.6% to close at 10,462.28. Tata Steel, Welspun Guj, JSW Steel, Hindalco
were among the losers.
The BSE Bankex was down 1.5% at 7,479.29. PNB, IOB, Oriental Bank, Union Bank, UTI Bank moved downwards.
The BSE Health Care Index was down 0.5% at 3,738.66. Aurobindo Pharm, Glenmark, Cadila Health, Sun Pharma, Ranbaxy Labs closed lower.
The BSE Capital Goods Index was down 0.4% at 10,252.98. Alfa Laval, Thermax, KEC Infrastruct, HEG, L&T ended higher
The BSE Auto Index closed flat at 4,841.56. MICO, TVS Motor, Tata Motors, Sundram were among the gainers.
The BSE IT Index closed at 5,067.73 up 0.3%. HCL Info, HCL Tech, Satyam, Infosys ended higher.
The BSE Oil and Gas Index closed at 7,655.33 down 1.5%. HPCL, IOC, BPCL, Reliance, ONGC ended weak.
The NSE cash turnover was at Rs 9550.97 crore and the NSE F&O turnover was at Rs 34762.53 crore. The BSE cash turnover was Rs 4441.96 crore. Total market wide turnover was at Rs 48755.46 crore.
F&O action:
-Turnover at Rs cr vs Rs 33,963.21 cr on Wednesday
-Nifty discount widens to 14 points from 8 points on Wed
-Top traded: Rel Cap, RIL, Tata Steel, Idea, Divi's
-Nagarjuna Fert up 4.8%; cuts 6.30 lakh shares in OI
-Matrix Labs up 11.45%; cuts 3 lakh shares in OI
-Reliance Energy down 3.7%; cuts 2.56 lakh shares in OI
-Tata Steel down 3.4%; cuts 2.3 lakh shares in OI
-R Comm down 4%; adds 8 lakh shares in OI
-Voltas up 2.4%; adds 4.3 lakh shares in OI
-Deccan Aviation up 6%; adds 1.4 lakh shares in OI
0 comments:
Subscribe to:
Post Comments (Atom)
IMPORTANT DISCLAIMER
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.
