Monday, March 5, 2007

Mid Day Market Commentary

Market was trading in a negative territory as it witnessed heavy selling pressure. All indices were in red as the market is following the global trend. At 12.45 pm, the BSE Sensex was down by 2.73% or 351.88 points and stood at 12534.25, while Nifty stood at 3619.15, with a decline of 2.89%. BSE Mid cap and BSE Small cap reported at 5256.34 and 6362.65, with a decline of 3.84% and 4.26% respectively.

On sector wise, BSE Consumer Durables and Consumer Goods indices were leading the declining trend, with 4.95% and 4.41% decline respectively. All other industrial indices were in red. The lowest downfall was recorded in BSE Health Care and Oil & Gas, which dropped by 2.48% and 2.55% respectively.

On an overall basis, 2146 stocks were declined, whereas 243 stocks were registered an increase. In BSE Sensex, Maruti, NTPC and BHEL were the highest losers as these stocks dropped by 5.15%, 4.77% and 4.60% respectively. On the other hand, Grasim, Gujarat Ambuja Cement and Hero Honda''s stock were up by 1.98%, 0.59% and 0.11% respectively.

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