Wednesday, August 6, 2008

Market Is Trading Firm - Aug 06 , 2008

Market is trading firm after on US Fed’s decision to keep interest rates unchanged along with sharp drop in crude oil prices. Crude oil price fell to $118 a barrel before settling at $119.17 a barrel, down by $2.24 on the New York Mercantile Exchange. Banks, Auto and Capital Goods stocks are the frontrunners, followed by Oil & Gas and Consumer Durables. Among the Sensex pack, 25 stocks are trading in green while 5 are in red.

At 1.30PM, the BSE Sensex is trading higher by 258.81 points at 15,219.89 and NSE Nifty is up by 56.54 points at 4,559.40.

The BSE Mid Cap is trading higher by 76.59 points at 5,920.48 along with Small Cap up by 27.46 points at 7,220.25.

Gainers from the BSE are Maruti Suzuki trading up by (8.24%) at Rs665.00 in line with HDFC Bank Ltd by (5.03%) at Rs1,243.90, Tata Motors by (4.51%) at Rs427.50, BHEL by (4.38%) at Rs1,848.00, ACC Ltd by (4.28%) at Rs642.50 and Bharti Airtel by (3.49%) at Rs868.90.

The BSE Capital Goods index is trading higher by 324.64 points at 12,604.71 as Jyoti Struct is up by (12.73%) at Rs139.50 followed by Bharat Bijli by (5.72%) at Rs1,310.35, Elecon Eng C by (4.86%) at Rs106.90, BHEL by (4.39%) at Rs1,848.20 and Thermax Ltd by (3.80%) at Rs485.10.

The BSE Metal index is trading down by 157.28 points at 13,107.55. Scrips that are trading lower are NMDC Ltd In (4.75%) at Rs343.00 followed by JSW SL by (4.25%) at Rs801.20, Nalco (2.92%) at Rs416.00, Ispat Indus by (2.74%) at Rs28.35 and Jindal Steel by (1.98%) at Rs2,143.00.

From the telecommunication sector, Bharti Airtel is higher by (2.97%) at Rs865.05 along with Tata Communications trading up by (1.71%) at Rs452.80, Reliance Com Ltd by (1.45%) at Rs449.10 and Idea Cellular by (0.72%) at Rs90.40.

In auto sector Maruti Suzuki is trading higher by (7.74%) at Rs661.50 followed by Tata Motors up by (4.51%) at 427.10 and M&M Ltd by (0.83%) at Rs556.00 while Hero Honda Motors is lower by (0.83%) at Rs821.95.

In cement sector ACC Ltd is trading up by (4.55%) at Rs644.00, Grasim Indus is higher by (2.81%) at Rs2,065.00 and Ambuja Cement is up by (1.37%) at Rs88.70.

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