Friday, July 25, 2008

Mid Session Market - July 25, 2008

The market has lost further ground and is trading in deep red as strong selling continued across the board mainly led by the Bank, Oil & Gas, Realty, Auto and Capital Goods stocks. The BSE Sensex is hovering above the 14300 mark and the NSE Nifty is trading below the 4400 mark. The BSE Mid Cap and BSE Small Cap are also trading lower.

The overall market breadth is negative as 864 stocks are advancing while 1459 stocks are declining and the 78 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 40.40 points at 5,540.50 and the BSE small Cap is down by 38.52 points to trade at 6,757.59.

At 12.30 pm, BSE Sensex was at 14,317.27 down by 459.74 points and the NSE Nifty was at 4,333.85 down by 99.70 points.

BSE Oil & Gas index was trading 416.18 points lower at 9,597.22 as RPL (3.26%), ONGC (2.69%), Gail India (2.04%) are trading in negative.

BSE Auto index decreased by 46.45 points to 3,724.71. The top losers are Tata Motors (2.66%), Maruti Suzuki (2.15%), Hero Honda (1.12%) and Ashok Leyland (1.54%).

BSE Realty index slipped by 194.36 points to 5,035.79. The major losers are India Bull Real (9.80%), HDIL (4.59%), Purvankara (3.85%) and DLF (3.47%).

BSE Bankex index is trading lower by 418.29 points at 6,745.19. Losers are ICICI Bank (8.97%), HDFC Bank (7.18%), SBI (2.50%) and PNB (1.45%).

BSE Power index decreased by 37.42 points to 2,617.03. Losers are Reliance Power (3.69%), Suzlon Energy (2.04%), Torent Power (1.62%) and Tata Power (1.25%).

BSE Capital goods index slipped by 215.92 points to 11,903.24. The main losers are Punj Lloyd (3.42%), L&T (2.59%), Bharat Electrical (1.28%) and ABB (1.25%).

BSE Metal index dropped by 83.20 points at 12,613.05 as Sterlite Industries (5.25%), Tata Steel (1.63%), Jindal Saw (1.66%) and Sesa Goa (1.47%) are trading in red.

BSE IT index declined by 1.09 points to trade at 3,628.95 as TCS (1.15%), HCL Technologise (1.62%), I-Flex (1.10%) and Patni Computer (1.89%) trading in negative.

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