Thursday, September 4, 2008

Markets Are Trading Weak - Sep 4, 2008

Markets are trading weak after a negative opening with BSE Sensex trading below 14.900 level and NSE Nifty below 4,500. Most of the selling pressure is emerged in Metal, Reality, Capital Goods, Oil & Gas and Power stocks. However, Pharma stocks are trading marginally higher. The market breadth is negative as 986 stocks are trading in green while 1149 stocks are in red.

At 11.31AM, BSE Sensex is trading lower by 202.50 points at 14,847.36 and NSE Nifty is trading down 76.94 at 4,427.05. The BSE Mid Cap and BSE Small Cap are trading slightly lower by 11.19 points and 2.91 points at 5,825.81 and 6,979.48 respectively.

Lossers from the NSE Nifty are Sterlite In down by (4.34%) at Rs610.30 along with ONGC (3.85%) at Rs1,060.00, Unitech Ltd (3.36%) at Rs163.85, Steel Authority of India (3.24%) at Rs149.55, DLF Ltd (2.98%) at Rs514.40, Tata Motors (2.65%) at Rs418.40 and Nalco by (2.60%) at Rs389.00.

The BSE Metal index is trading lower by 207.01 points at Rs12,174.64 as Sterlite In is trading down by (4.19%) at Rs609.95 along with Nalco (3.08%) at Rs387.10, Steel Authority by (2.95%) at Rs149.75, JSW SL (2.93%) at Rs737.00 and Welspan Gujarat Sr (2.31%) at Rs332.70.

The BSE Reality index is trading down by 194.53 points at Rs5,172.74 as Indiabull Real is trading lower by (8.14%) at Rs296.10 along with Housing Dev (5.02%) at Rs309.50, Unitech Ltd (3.30%) at Rs164.00, DLF Ltd (2.84%) at Rs514.80 and Ansal Infra (2.72%) at Rs102.00.

The BSE Oil & Gas index is trading lower by 183.78 points at Rs9,842.18. Scrips trading down are ONGC (3.77%) at Rs1,060.00 followed by Reliance by (2.49%) at Rs2,158.40, Relaince Nat Res (1.92%) at Rs94.40, Essar Oil Ltd (1.89%) at Rs215.30 and Reliance Pet by (1.25%) at Rs157.80

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