Tuesday, January 22, 2008

Mid Market Session

The market is still in the tight grip of bears as there is no sigh of relief amidst weak sentiment. The prevailing selling pressure has caught the length and breath of the broader market and investors are finding hard to mitigate their risk. The Mid Cap is low by 1,312.27 points to 6,569.72 further the Small Cap also lost 1,331.67 points to 9,579.99.

The overall market breadth is negative, as only 52 stocks are advancing while 1939 stocks are declining and 21 stocks remaining unchanged in BSE.

At 12.30 PM, the BSE Sensex was low by 1,370.67 points at 16,234.68 and the Nifty was low by 456.2 at 4752.60.

BSE CG has lost 2,106.30 points at 14981.52. Praj Indust, Punj Lloyd, and Thermax are low by 21.19%, 19.99% and 19.99% at Rs. 127, Rs. 356 and Rs. 561.05 respectively. BSE Metal has lost 2,231.30 points at 12,732.08. ISPAT, Jindal Steel, Jindal Saw and Gujarat NRE lost 29.85%, 23.40%, 15.92% and 18.35% at Rs. 30.90, Rs 1,620, Rs 750 and Rs 95 respectively.

BSE Realty has lost 1,548.01 points at 8,931.86. Anant Raj, DLF, and Unitech are low by 18.72%, 16.57% and 21.60% at Rs. 260, Rs. 754 and Rs. 325 respectively.

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