Market trades flat: Realty, auto, bank stocks down
25 Sep 2007
The
markets is trading flat on account of selling pressure is seen in realty, auto
and banking stocks. Buying was witnessed in the metal, pharma, telecom and power
stocks.
At 3:31 hrs IST, the Sensex was down 12.64 points or 0.08% at 16833.19, and the Nifty down 7.35 points or 0.15% at 4924.85.
About 1157 shares have advanced, 1808 shares declined, and 67 shares are unchanged.
It is a gentle drift down from the higher levels and Nifty has breached the 4,900 mark. The market breadth is negative as the midcap space is crumbling a itdown over 1%. It has got into the lower groove of the momentum a Sensex and Nifty are trading near day''s low.
Bharti, Hindalco and Cipla are among the top gainers on the indices. PSU refineries HPCL and BPCL have surged on the bourses.
Among the top losers are Bajaj Auto, Hero Honda, Reliance Petro, GAIL, Maruti Udyog and SBI.
Dollar has gained some strength against the rupee helping the IT stocks to stabilise.
Most active shares on BSE are IFCI at Rs 103.50 with 18,796,328 shares, Reliance Natural at Rs 93.80 with 18,809,192 shares and GMR Infra at Rs 877.45 with 1,277,985 shares.
JSW Steel at 785 up 6.33%, JindalStainless at 168 up 3.32% and SAIL at 203.20 up 2.57% were the top gainers in the metals pack.
Asian
markets are trading mixed. Japan''s Nikkei average slipped 0.14% or 22.95 points
at 16,289.66. Straits Times gained 0.01% or 0.52 points at 3,639.54. Taiwan Weighted
was up 1.36% or 122.25 points at 9,105.28. However, Shanghai Composite slipped
0.27% or 14.57 points at 5,470.44. Hong Kong Hang Seng jumped 31.86 points or
0.12% at 26,520.08. Jakarta Composite was down 0.73% or 17.24 points at 2,336.39.
