Market ends marginally in red: Power, metal stocks up
11 Sep 2007
The
markets ended in red with marginal losses. Midcap and smallcap just ended in green.
Power, metal and select capital goods were aong the performers of the day. Midcap
banking stocks did well aprt from the metal stocks. Selling pressure was seen
in IT majors followed by auto and pharma stocks.
IFCI, Nyveli Lignite, Vijaya Bank, Dabur India and Tata Tele (Mah) were among the active stocks in the F&O space.
On the primary market front, Motilal Oswal got listed on the exchanges today at 930 versus its issue price of Rs 825. It closed at Rs 976.50 leading the gainers in the midcap space.
Reliance Ind hit Rs 2000 mark first time ever and was trading at Rs 1,980.40 down 0.34.
Top gainers on the indices were NTPC, Hindalco, Tata Steel, HDFC, ABB, Suzlon Energy, Dabur India, ACC were among the top gainers.
Top losers on the indices are TCS, Wipro HCL Tech, Zee Entertaiment, Satyam and Infosys.
In the block deals, 15 lakh Deccan Chronicle shares changed hands in BSE FII seg at Rs 242.60.
BSE Metal index is leading with again of over 1% on account of strengthning metal prices. Demand for metals is driven mainly by China which grew at 11.9% in Q2.
Sensex was down 54.06 points or 0.35% at 15542.77, and the Nifty down 10.80 points or 0.24% at 4497.05.
About 1522 shares have advanced, 1427 shares declined, and 73 shares are unchanged.
The BSE Midcap Index ended at 6,875.74 down 0.13%.
The BSE Smallcap Index ended at 8,529.09 up 0.2%.
The BSE Bankex was down 1% at 8,038.07. Karnataka Bank, Kotak Mahindra, SBI, ICICI Bank, Yes Bank, Bank of India moved downwards.
The BSE Capital Goods Index was up 0.4% at 13,714.26. Suzlon Energy, Kirloskar Bros, Alstom Projects, Triveni Engg, Alfa Laval, BHEL closed higher.
The BSE Health Care Index was down 0.5% at 3,703.82. Nicholas Pirama, Lupin, Divis Labs, Cadila Health closed lower.
The BSE Auto Index closed at 4,867.13 down 1%. Ashok Leyland, TVS Motor, Escorts, Tata Motors, Maruti Udyog closed higher.
The BSE Metal Index closed at 11,772.22 up 1.4%. Shree Precoated, Tata Steel, JindalStainless, SAIL, Sterlite Ind, Sesa Goa closed higher
The BSE FMCG Index closed at 2,098.05 up 0.7%. United Spirits, Dabur India, United Brewerie, Colgate, HUL closed higher.
BSE Oil and Gas Index closed flat at 8,260.71. Reliance, Essar Oil, GAIL, HPCL, Reliance Petro ended in red.
The BSE IT Index slipped 2% at 4,470.56. HCL Tech, Infosys, Patni Computer, Wipro, TCS closed lower.
The BSE realty Index lost 1% at 7,470.27. Unitech, Ansal Propertie, Mahindra Gesco, DLF closed lower.
The NSE cash turnover was at Rs 10841.17 crore and the NSE F&O turnover was at Rs 41739.52 crore. The BSE cash turnover was Rs 5306.15 crore. Total market wide turnover was at Rs 57886.84 crore.
Asian markets were trading mixed today. Japan''s Nikkei rose 0.25% or 39.43 points at 15,804.40, Hong Kong''s Hang Seng was up 0.18% or 42.80 points at 24,042.50, Taiwan''s Taiwan Weighted advanced 0.74% or 65.84 points at 9,003.42, Singapore''s Straits Times gained 1.05% or 36.27 points at 3,478.14 and However, South Korea''s Seoul Composite was flat 1,834.76.