Market: Indices

23 May 2007

The markets spent most of their day langusihing around its previous close but slipped in the red during the final hour of trade. Auto, FMCG, oil & gas and banking stocks were among the major losers on the indices. However, select buying interest was seen in metal and capital good stocks. Even the midcap and smallcap indices closed in red inline with the frontline indices giving market a negative breadth.

The BSE Small Cap Index closed at 7,237.55 down 49.22 points or 0.68%.

The BSE Midcap Index ended at 6,108.84 down 36 points or 0.6%.

The BSE FMCG Index wad up 1.2% at 1,897.41. United Spirits, ITC, Colgate, Shaw Wallace closed in red.

The BSE Metal Index was up 1% to close at 10,634.95. Tata Steel up 5.01% and Welspun Guj up 2.68% were among the gainers.

The BSE Bankex was down 1% at 7,589.51. IOB, Kotak Mahindra, Federal Bank, Bank of Baroda, Andhra Bank moved downwards.