Thursday, July 10, 2008

Post Session Market - July 10, 2008

The domestic market ended the day in flat note due to the selective buying and selling across the board. Market did not reacted much to the huge fall in US markets on Wednesday. Indian market opened on back foot tracking weak cues from the global markets and soon it recovered its initial losses but was not able to sustain the momentum and kept on moving in the positive and negative region through out the session. Market witnessed some selling pressure in afternoon trade due to heavy sell off in European markets but again turned volatile, and ended flat. Trading remains dull today as investors did not showed any keen interest in picking up stocks. From the sectoral front, metal index was in limelight as most of the buying witnessed in this basket while selling pressure led by the weakness in oil & gas, IT, auto, reality, capital goods, bank and FMCG stocks. The market breadth was positive as 1453 stocks closed in green while 1171 stocks closed in red and 73 stocks remained unchanged.

The BSE Sensex closed lower by 38.02 points at 13,926.24 and NSE Nifty ended up by 5.10 points at 4,162.20. The BSE Mid Caps and Small Cap closed positive with gain of 4.52 points and 19.36 points 5,475.20 and 6,809.24 respectively. The BSE Sensex touched intraday high 14,047.43 of and intraday low of 13,763.94.

Lossers from the BSE are Maruti Suzuki (3.56%), ITC Ltd (2.34%), Relaince (1.72%), JP Associates (1.33%), Tata Motors (1.25%), ICICI Bank Ltd (0.83%), Infosys Tech (0.82%), BHEL (0.77%), NTPC Ltd (0.77%) and TCS Ltd (0.76%).

Gainers from the BSE are Hindalco (5.49%), ACC Ltd (3.12%), Tata Steel (3.11%), Ambuja Cement (2.46%), Relaince Infra (2.35%), DLF Ltd (1.79%) and HDFC (1.07%).

The Oil & Gas index ended down by 53.51 points at 9,079.59. As Relaince (1.72%) and Reliance Natural Resources (0.48%) closed in negative territory.

The Auto index lost 40.35 points to close at 3,565.67. Major lossers are Maruti Suzuki (3.56%), Hero Honda Motors (2.73%), Ashok Leyland (1.32%), Tata Motors (1.25%), Bosch Ltd (0.88%) and Apollo Tyre (0.62%).

The IT Index closed lower by 30.67 points at 4,189.40. Lossers are Moser Bayer (3.71%) along with Mphasis Ltd (2.68%), NIIT Ltd (2.26), Financ Tech (1.90%), Aptech Ltd (1.37%), Infosys Tech (0.82%) and TCS Ltd (0.76%).

The Reality index ended down by 25.14 points at 4,835.39. Lossers are Indiabulls Real (5.71%), Pheonix Mill (5.19%), Ansal Infra (3.59%), Housing Development (3.34%), Penland Ltd (2.52%), and Mahindra Life (1.52%).

The Capital Goods index closed down by 24.71 points at 11,340.05. Lossers are Punj Lloyd (3.01%), ABB Ltd (2.63%), BEML Ltd (2.39%), Bharat Elect (1.89%), Thermax Ltd (1.80%) and Areva (1.66%).

The Metal index went up by 316.55 points at 12,959.17. Gainers are Nalco (8.57%), Ispat Industries (6.44%), Hindustan Zinc (6.19%), Hindalco (5.49%), Steel Authority (3.18%) and Tata Steel (3.11%).

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