Market ends off day's low; IT surges, Realty down
06 May 2008
The markets closed in red but have recovered smartly at the end of the day as technology stocks surge on rupee depreciate. Rupee slips to 8-month low of Rs 40.96 per US dollar. The BSE IT and FMCG indices closed with good gains. However, realty, power capital goods and pharma indices witness selling pressure.
The Sensex closed down 117.89 points or 0.67% at 17373.01, and the Nifty was down 47.60 points or 0.92% at 5144.65.
About 1065 shares have advanced, 1817 shares declined, and 203 shares are unchanged.
The BSE realty index plunged 4.63% or 404.36 points at 8337. Unitech, HDIL, DLF, Ansal Infra and Omaxe down.
The BSE Power index ended down 2.15% or 73 points at 3315.61.Tata Power, Reliance Energy, GMR Infra, Torrent Power and BHEL closed negative.
The BSE capital goods index shed 1.80% or 255.48 points at 13954.55. Praj Ind, Elcon Engg, L&T, AIA Engg and Suzlon Energy fell.
The BSE pharma index dropped 1.41% or 60.72 points at 4235.32. Glenmark, Divis Labs, Dishman Pharma, Orchid Chemical and Opto Circuits down.
The BSE auto index fell 0.83% or 40.03 points at 4772.10. TVS Motor, Escorts, Maruti Suzuki, M&M and Punj Tractors slid.
The BSE IT index surged 1.53% or 66.02 points at 4383.36. Tech Mahindra, Satyam, Infosys, HCL Tech and Wipro gained.
The BSE FMCG index gained 0.97% or 23.89 points at 2497.82. United Brewereie, ITC, Dabur India, Colgate and Glaxo consumer moved up.
The NSE cash turnover was at Rs 14630.34 crore and the NSE F&O turnover was at Rs 32856.62 crore. The BSE cash turnover was Rs 6720.55 crore. Total market wide turnover was at Rs 54207.51 crore.
Asian markets were trading lower. China's Shanghai Composite dropped 1.80% or 67.81 points at 3,693.20. Hong Kong's Hang Seng fell 0.35% or 91.10 points at 26,092.85. Taiwan's Taiwan Weighted was down 0.18% or 16.11 points at 8,820.96. Singapore's Straits Times declined 0.22% or 7.28 points at 3,240.76. However, South Korea's Seoul Composite was up 0.13% or 2.32 points at 1,850.59.
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