Friday, August 1, 2008

Market Extends Its Gains - Aug 01 , 2008

Markets extends its gains further after recovering from its earlier losses. Markets have staged a smart bounce back due to selective buying over the ground mainly in Metal, Capital, Goods, Oil & Gas and IT stocks. However, Auto and FMCG stocks are out of favour as witnessing most of selling from these baskets. Among the Sensex pack, 23 stocks are trading in green while 7 are in red.

At 1.30PM, the BSE Sensex is trading higher by 186.64 points at 14,542.40 and NSE Nifty is up by 48.30 points at 4,381.25.

The BSE Mid Cap is trading up by 43.89 points at 5,611.27 and Small Cap is higher by 45.03 points at 6,957.82.

Gainers from the BSE are JP Associates trading higher by (5.42%) at Rs165.35 in line with Reliance by (3.56%) at Rs2,284.80, Tata Steel by (3.48%) at Rs677.75, Infosys Tech by (3.45%) at Rs1,638.00, BHEL by (3.36%) at Rs1,735.50, HDFC by (3.31%) at Rs2,352.00 and Reliance Infra by (2.78%) at Rs992.00.

The BSE Metal index is trading up by 358.55 points at 13,271.16. Scrips that are trading higher are JSW SL (7.50%) at Rs789.50 followed by Jindal Saw by (6.96%) at Rs547.00, NMDC Ltd by (4.99%) at Rs346.09, Ispat Indus by (4.41%) at Rs27.20 and Tata Steel by (3.47%) at Rs629.00.

The BSE Capital Goods index is trading up by 314.09 points at 11,997.89. As Punj Lloyd is trading higher by (4.98%) at Rs282.90 followed by Suzlon Energy by (4.85%) at Rs233.60, BHEL by (3.56%) at Rs1,738.90, Crompton Greaves by (3.55%) at Rs245.00 and Siemens Ltd by (2.75%) at Rs561.80.

The BSE Auto index is trading lower by 23.63 points at 2,116.25 as Maruti Suzuki trading down by (2.96%) at Rs557.90 along with Bajaj Auto by (2.64%) at Rs517.00, Amtek Auto L (1.42%) at Rs204.50, Hero Honda Motors by (1.19%) at Rs795.10 and Apollo Tyre by (1.15%) at Rs30.00.

From the telecommunication sector, Tata Com Ltd is trading higher by (2.07%) at Rs460.00 followed by Idea Cellular is up by (1.65%) at Rs89.50 and Bharti Airtel up by (0.45%) at Rs802.30, while Reliance Com Ltd is down by (12.15%) at Rs439.80.

In auto sector Maruti Suzuki is trading lower by (3.26%) at Rs556.90 along with Tata Motors down by (1.03%) at Rs399.35, Hero Honda Motors by (0.99%) at Rs795.90 and M&M Ltd by (0.91%) at Rs518.00.

In cement sector Ambuja Cement is trading up by (1.72%) at Rs82.85 while Grasim Indus is trading lower by (0.56%) at Rs1,797.05 followed by ACC Ltd is down by (0.07%) at Rs583.00.

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