Monday, September 22, 2008

Markets Are Witnessing Some Volatility. Sep 22, 2008

The markets are witnessing some volatility and are reeling under pressure. The selling pressure is seen among the Capital Goods, Auto, IT, Power, Oil & Gas and Consumer Durables stocks. However, some bit of buying witnessed among the FMCG, Metal, Realty and Banking stocks.

The BSE Sensex is struggling to hold above the 14000 mark and the NSE Nifty over the 4200 mark.

The overall market breadth turns negative as 1209 stocks are advancing while 1287 stocks are declining in BSE.

Tata Steel reported the top gainer from the BSE Sensex pack. It is trading higher by (3.26%) at Rs.495.25 while Satyam Computer the top loser down by (4.39%) at Rs.353.85.

At 2.31PM BSE Sensex is at 14,045.22 up by 2.90 points and Nifty is at 4,235.65 down by 9.60 points.

The BSE Mid Cap is higher by 9.85 points at 5,238.63 while the BSE Small Cap slipped by 1.24 points to 6,214.75.

The BSE Metal index is the one of the top gainer today trading with a gain of 146.49 points at 10,180.08. The main gainers are Sesa Goa up by (9.85%) at Rs.119.85, Gujarat NRE increased by (7.69%) at Rs.70.75 followed by Tata Steel and Jindal Steel inclined by (3.26%) and (1.74%) to Rs.495.25 and Rs.1,502 respectively.

The most active shares on NSE are Reliance Industries trading at Rs.2,041 with a total traded quantity of 4688544 shares followed by ICICI Bank trading at Rs.631.25 with a total traded quantity of 7873939 shares

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