Thursday, September 25, 2008

Mid Session Market - Sep 25, 2008

The markets has lost further grounds and are trading in deep red as selling pressure continued among the selective scrips mainly led by the Power, Realty, IT, Banking, Metal and Oil & Gas stocks. However the FMCG and Pharma stocks are trading marginally higher. The BSE Sensex has slipped the 13500 mark and the NSE Nifty below the 4100 mark. The BSE Mid Cap and the BSE Small Cap stocks are also trading lower with a loss of more than 0.7% each.

The overall market breadth is negative as 718 stocks are advancing while 1460 stocks are declining and the 87 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 38.10 points at 5,088.68 and the BSE small Cap slipped by 45 points to trade at 6,056.51.

At 12.30 pm, BSE Sensex was at 13,461.87 down by 230.65 points and the NSE Nifty was at 4,095.15 down by 66.10 points.

BSE Auto index inclined by 5.89 points to 3,855.16. Leading to its gain are Hero Honda (2.38%), Mahindra & Mahindra (0.55%), Apollo Tyre (0.78%).

BSE Oil & Gas index is trading 110.67 points lower at 9,325.18 as ONGC (1.78%), RNRL (1.69%), GAIL India (1.33%) and Aban Offshore (1.18%) are trading in negative.

BSE Bankex index is trading lower by 107.12 points at 6,779.53. Losers are ICICI Bank (3.19%), SBI (2.68%), PNB (1.91%) and IDBI Bank (1.60%).

BSE Metal index dropped by 111.36 points at 10,030.93 as Sesa Goa (4.49%), Gujarat NRE (2.78%), Ispat Industries (2.46%), Sterlite Industries (2.18%) and Hindalco Industries (1.61%) are trading in red.

BSE Capital goods index slipped by 105.39 points to 11,235.41. The main losers are Siemens (3.85%), Praj Industries (2.54%), Alstom Project (1.98%) and BHEL (1.67%).

BSE IT index declined by 56.18 points to trade at 3,360.93 as Satyam Computer (3.58%), Wipro (2.68%), Infosys Technologies (1.95%) and TCS (1.75%) trading in negative.

BSE Power index was trading 45.95 points lower at 2,427.44. The main losers are Suzlon Energy (5.74%), Power Grid (4.77%), NTPC (3.28%) and GVK Power (3.47%).

BSE Realty index slipped by 67.92 points to 3,849.06. The major losers are India Bull Real (4.50%), Unitech (1.94%), Parsavnath (1.35%), Sobha Developers (1.29%)

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