Friday, September 26, 2008

Mid Session Market - Sep 26, 2008

The markets are still trading lower as selling pressure continued across the board. The Realty, Metal, Banking, Capital Goods, Power and Oil & Gas are facing the most selling pressure. The BSE Sensex is trading below the 13400 mark and the NSE Nifty below the 4050 mark. The BSE Mid Cap and the BSE Small Cap stocks are also trading lower with a loss of nearly 1% each. On the global front, the Asian are also trading sharply lower.

The overall market breadth is negative as 682 stocks are advancing while 1499 stocks are declining and the 75 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 51.70 points at 5,041.35 and the BSE small Cap slipped by 37.54 points to trade at 6,012.49.

At 12.35 pm, BSE Sensex was at 13,332.37 down by 214.81 points and the NSE Nifty was at 4,044 down by 66.55 points.

BSE Auto index declined by 47.83 points to 3,804.71. Leading to its fall are Tata Motors (2.59%), Mahindra & Mahindra (1.44%), Hero Honda (1.26%) and Maruti Suzuki (1%).

BSE Oil & Gas index is trading 123.30 points lower at 9,240.71 as Aban Offshore (3.39%), ONGC (3.37%), BPCL (1.79%) and RPL (1.06%) are trading in negative.

BSE Bankex index is trading lower by 144.58 points at 6,178.89. Losers are IDBI (4.05%), ICICI Bank (2.75%), HDFC Bank (2.41%), and SBI (1.57%).

BSE Metal index dropped by 196.52 points at 9,780.58 as NALCO (4.22%), SAIL (3.59%), Gujarat NRE (2.84%), Sterlite Industries (1.85%) and Tata Steel (1.82%) are trading in red.

BSE Capital goods index slipped by 217.55 points to 11,039.58. The main losers are Punj Lloyd (2.66%), BHEL (2.02%), Siemens (2.15%) and L&T (1.65%).

BSE IT index declined by 49.61 points to trade at 3,298.81 as HCL Technologies (3.54%), TCS (2.35%), Tech Mahindra (1.49%) and Infosys Technologies (1.25%) trading in negative.

BSE Power index was trading 32.91 points lower at 2,399.09. The main losers are Suzlon Energy (4.01%), Power Grid (1.55%), NTPC (1.26%) and GVK Power (1.19%).

BSE Realty index slipped by 123.95 points to 3,716.26. The major losers are India Bull Real (7.85%), HDIL (4.76%), Mahindra Life (3.11%), and Unitech (1.70%).

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