Thursday, July 10, 2008

Trade In Positive To Recovered - July 10, 208

Market is trading lower after giving up its earlier recovery. Market opened on negative note but soon it recovered to trade in positive. Further, it slipped to negative territory on the selling pressure led by Oil & Gas, Bank, IT and Power stocks. The market breadth is positive as 1161 stocks are trading in green while 1025 stocks are trading in red.

At 11.30 AM, BSE Sensex is trading lower by 101.02 points at 13,863.24 and NSE Nifty is trading down by 17.74 at 4,139.65. The BSE Mid Cap is trading lower by 1.35 points at 5,469.33 while BSE Small Cap is trading higher by 18.15 points at 6,808.04.

Lossers from the NSE Nifty are ABB Ltd down by (2.54%) at Rs904.95 along with Hindalco (2.51%) at Rs608.50, ICICI Bank Ltd (2.12%) at Rs142.00, Satyam Computer (1.82%) at Rs473.45, ITC Ltd (1.82%) at Rs180.50, Hero Honda Motors (1.71%) at Rs703.00 and TCS Ltd by (1.49%) at Rs863.65.

The Oil & Gas index is trading down by 75.07 points at Rs9,058.03 as Reliance is trading lower by (1.30%) at Rs2,053.00 along with HPCL by (1.19%) at Rs204.00, Reliance Nat Res (0.62%) at Rs71.75, Essar Oil Ltd (0.34%) at Rs189.90 and Gail India (0.31%) at Rs351.30.

The BSE Bank index is trading lower by 63.43 points at Rs6,120.10 as Karnataka Bank is trading down by (3.70%) at Rs131.45 along with ICICI Bank Ltd (2.40%) at Rs607.00, Axis Bank (1.063%) at Rs658.80, Yes Bank by (1.47%) at Rs117.55 and Kotakd Bank by (1.39%) at Rs512.75.

The IT index is trading down by 55.26 points at Rs4,164.81 as I-Flex is trading lower by (2.36%) at Rs1,441.20 along with Satyam Computer (2.36%) at Rs470.90, TCS Ltd (1.79%) at Rs860.00, Aptech Ltd by (1.65%) at Rs211.20 and Financ Tech by (1.43%) at Rs1,778.70.

The BSE Metal index is trading up by 118.61 points at Rs12,761.23 as Gujarat Nre C is trading higher by (4.87%) at Rs114.20 along with Tata Steel (2.80%) at Rs696.90, Steel Authority (2.55%) at Rs138.85, Hindustan Zinc by (2.12%) at Rs529.15 and Ispat Industries by (2.00%) at Rs22.95.

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