Tuesday, August 19, 2008

Markets Are Still In Red - August 19 , 2008

The markets are not showing any signs of recovery as selling pressure continued across the board mainly led by the Auto, Consumer Durables, Bank and FMCG stocks. The BSE Sensex has lost more than 1% with the BSE Mid Cap and BSE Small Cap stocks are also trading with a cut of around 1% each.

The overall market breadth is negative as 804 stocks are advancing while 1727 stocks are declining in BSE.

Hindalco Industries reported the top gainer from the BSE Sensex pack. It is trading higher by (1.20%) at Rs.131.20 while ACC reported the top loser down by (5.72%) at Rs.560.40.

At 2.31PM BSE Sensex is at 14,477.55 down by 168.11 points and Nifty is at 4,350.75 down by 42.30 points.

The BSE Mid Cap is lower by 49.90 points to 5,731.90 and the BSE Small Cap slipped by 57.58 points to 6,979.03.

The BSE Auto index is the one of the top loser today trading with a gain of 62.71 points at 3,819.95. The main losers are Maruti Suzuki down by (4.41%) at Rs.612.90, Ashok Leyland decreased by (2.16%) at Rs.31.75 followed by Mahindra & Mahindra and Tata Motors declined by (1.71%) and (0.89%) to Rs.558.40 and Rs.421.50 respectively.

The most active shares on NSE are Reliance Industries trading at Rs.2,209.70 with a total traded quantity of 1262818 shares followed by Vishal Information Technology Ltd. trading at Rs.303.50 with a total traded quantity of 8312876 shares.

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