The Indian Market closed on a mixed note as BSE Sensex closed with marginal gains while NSE Nifty closed in negative. Tracking the favoring cues from the global markets, the domestic market opened on a firm note but was unable to sustain at higher levels and gave up most of its gains. The market remained firm for the first half but lost the grip in the second half due to the expiry of the April 2008 derivatives contract. From the sectoral point, metal stocks remained out of favor as most selling is seen from this basket. The market breadth is weak as 1465 stocks closed in red while 1266 stocks closed in green.
The BSE Sensex closed higher by 23.04 points at 16,721.08 and NSE Nifty fell by 22.95 points to close at 4,999.85. The BSE Mid Caps and Small Caps closed lower by 62.01 points and 58.85 points at 7,004.40 and 8,741.01 respectively.
Major losers from the BSE are ACC (5.49%), Pantal Retail (5.41%), Praj Inds (5.27%), Petronet LNG (5.03%), MMTC (4.74%), Tata Chemicals (4.67%), Gujarat Petronet (4.56%), Hind Cons (4.55%).
Gainers from the BSE are United Spirits (9.91%), JSW Steel (5.10%), Reliance Industrial Infra (5%), Spice Telecom (4.96%), Lupin (4.95%), Oriental bank (4.58%), I-Flex (4.52%) and Sesa Goa (3.93%).
The Metal index closed lower by 183.67 points at 15,364.43. Losers are SH. Precoated (4.20%), Ispat inds (4.06%), Sterlite inds (3.78%), Welspun Guj (3.71%), Jindal Stainless (2.70%), Tata Steel (2.65%) and Gujarat NRE Coke (2.63%).
The Realty index dropped by 19.04 points to close at 8,037.13. Losers are Purvankara (4.96%), MahindraLife (3.74%), Akruti City (2.52%), Sobh Dev (1.94%), Ansal Infra (1.56%) and DLF (1.40%).
The Capital Goods index grew by 49.46 points to close at 13,820.43. Gainers are Alstom Projects (1.74%), L&T (1.36%), BHEL (1.19%), Lakshmi Machines (0.87%) and ABB (0.46%).
The Bankex index closed up by 29.59 points at 8,582.05 as Oriental bank (4.58%), BOI (2.57%), CentBOP (1.70%), ICICI bank (1.42%), Canara bank (1.24%) and HDFC bank (0.23%) closed in green.
The IT index closed higher by 66.67 points at 4,049.52. Scrips that gained are I-Flex (4.52%), Karut Net (4.43%), Infosys (2.86%), Satyam (2.06%), Rolta India (1.98%), Wipro (1.46%) and Educomp Solution (0.36%).
The BSE Sensex closed higher by 23.04 points at 16,721.08 and NSE Nifty fell by 22.95 points to close at 4,999.85. The BSE Mid Caps and Small Caps closed lower by 62.01 points and 58.85 points at 7,004.40 and 8,741.01 respectively.
Major losers from the BSE are ACC (5.49%), Pantal Retail (5.41%), Praj Inds (5.27%), Petronet LNG (5.03%), MMTC (4.74%), Tata Chemicals (4.67%), Gujarat Petronet (4.56%), Hind Cons (4.55%).
Gainers from the BSE are United Spirits (9.91%), JSW Steel (5.10%), Reliance Industrial Infra (5%), Spice Telecom (4.96%), Lupin (4.95%), Oriental bank (4.58%), I-Flex (4.52%) and Sesa Goa (3.93%).
The Metal index closed lower by 183.67 points at 15,364.43. Losers are SH. Precoated (4.20%), Ispat inds (4.06%), Sterlite inds (3.78%), Welspun Guj (3.71%), Jindal Stainless (2.70%), Tata Steel (2.65%) and Gujarat NRE Coke (2.63%).
The Realty index dropped by 19.04 points to close at 8,037.13. Losers are Purvankara (4.96%), MahindraLife (3.74%), Akruti City (2.52%), Sobh Dev (1.94%), Ansal Infra (1.56%) and DLF (1.40%).
The Capital Goods index grew by 49.46 points to close at 13,820.43. Gainers are Alstom Projects (1.74%), L&T (1.36%), BHEL (1.19%), Lakshmi Machines (0.87%) and ABB (0.46%).
The Bankex index closed up by 29.59 points at 8,582.05 as Oriental bank (4.58%), BOI (2.57%), CentBOP (1.70%), ICICI bank (1.42%), Canara bank (1.24%) and HDFC bank (0.23%) closed in green.
The IT index closed higher by 66.67 points at 4,049.52. Scrips that gained are I-Flex (4.52%), Karut Net (4.43%), Infosys (2.86%), Satyam (2.06%), Rolta India (1.98%), Wipro (1.46%) and Educomp Solution (0.36%).
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