Monday, September 29, 2008

Mid Session Market - Sep 29, 2008

The markets have plunged further as strong selling pressure across the board. The Realty, Banking, IT, Capital Goods and Metal are facing the most selling pressure. The BSE Sensex is trading below the 13700 mark and the NSE Nifty below the 3900 mark. The BSE Mid Cap and the BSE Small Cap stocks are also trading under huge pressure with a loss of more than 4% each. On the global front, the Asian are also trading sharply lower.

The overall market breadth is negative as 294 stocks are advancing while 1996 stocks are declining and the 45 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 208.09 points at 4,732.73 and the BSE small Cap slipped by 246.61 points to trade at 5,615.17.

At 12.32 pm, BSE Sensex was at 13,650.39 down by 451.79 points and the NSE Nifty was at 3,868.65 down by 116.60 points.

BSE Auto index declined by 84.24 points to 3,650.20. Leading to its fall are Tata Motors (6.21%), Maruti Suzuki (3.65%), Mahindra & Mahindra (2.23%) and Bajaj Auto (2.06%).

BSE Oil & Gas index is trading 98.31 points lower at 8,983.12 as RNRL (6.08%), ABN Offshore (4.28%), Essar Oil (3.74%) and Cairn India (2.99%) are trading in negative.

BSE Bankex index is trading lower by 359.38 points at 6,211.16. Losers are ICICI Bank (8.88%), Kotak Bank (6.16%), SBI (4.32%), and HDFC Bank (3.78%).

BSE Metal index dropped by 301.78 points at 9,200.31 as Jindal Saw (7.95%), JSW Steel (7.68%), Sterlite Industries (4.28%), Tata Steel (3.49%) and Ispat Industries (3.55%) are trading in red.

BSE Capital goods index slipped by 281.03 points to 10,514.16. The main losers are Gammon India (6.95%), AIA Engineering (4.83%), L&T (4.71%) and Praj Industries (4.42%).

BSE IT index declined by 114.65 points to trade at 3,120.29 as HCL Technologies (7.37%), Satyam Computer (4.81%), TCS (4.19%) and Infosys Technologies (3.23%) trading in negative.

BSE Power index was trading 50.44 points lower at 2,297.27. The main losers are Suzlon Energy (7.27%), Torent Power (5.04%), Reliance Power (4.58%) and GVK Power (4.81%).

BSE Realty index slipped by 247.02 points to 3,349.56. The major losers are HDIL (12.96%), India Bull Real (12.14%), Ansal Infra (10.29%), and Sobha Developers (9.35%)

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