Tuesday, March 18, 2008

Market Opens On A Flat Note.

The market today opens flat but suddenly the market gained some momentum as some e buying witnessed across the board mainly led by the Oil & Gas and Capital Goods stocks. However, the Auto and Banking stocks are in red in the opening trade. The broader market is also trading in negative in the opening trade.The overall market breadth is negative as 760 stocks are advancing whereas 960 stocks are declining on BSE.

The market will remain closed from 11:45 IST to 12:25 IST due to sun outage. Trading time has been extended till 16:15 IST. The changes in timings will be applicable to 18 March 2008.

DLF reported the top gainer from the BSE Sensex pack. It was up by 2.56% at Rs.618.25 while Jay Prakash Associate the top loser down by 5.50% to Rs.196.60.

At 10.30AM, the BSE Sensex was up by 108.56 points at 14,918.05 and the Nifty was up by 43.60 points to 4,546.70.The BSE Mid Cap decreased by 3.24 points to 6,121.11 and the BSE Small Cap dropped by 29.80 points to 7,492.43.

BSE Capital Goods index advanced by 167.97 points to trade at 12,874.28. The top gainers are ABB inclined by (1.16%) to Rs.1,050, BHEL increased by (1.11%) at Rs.1,815 followed by L&T and Siemens up by (1%) and (0.32%) to Rs.2,735 and Rs.627 respectively.

BSE Metal index improved by 148.82 points to trade at 13,874.34. The major gainers are NALCO, SAIL and Hindalco Industries fell by (1.87%), (1.59%) and (0.61%) to Rs.436, Rs.192 and Rs.165 respectively.

BHEL is trading higher by (1.06%) at Rs.1,814. The company has bagged Rs.20.30 billion equipment supply contract from Bhartiya Rail Bijlee Co Ltd, a joint venture formed by central utility National Thermal Power Corp (NTPC) and Indian Railways to implement the project.

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