Friday, September 26, 2008

Markets Have Lost Further Ground - Sep 26, 2008

The markets have lost further ground as selling pressure sustained across the board. The Realty, Metal, Banking, Capital Goods, Consumer Durables and Power stocks continued to remain under pressure. However, the FMCG index has managed to recover a bit as some buying is seen in these scrips. The European Markets also open lower due to the uncertainties about the bail out plan of US.

The BSE Mid Cap and the BSE Small Cap are also trading under heavy pressure with a cut of more than 1.5% each.

The overall market breadth is negative as 526 stocks are advancing while 1926 stocks are declining in BSE.

ITC reported the top gainer from the BSE Sensex pack. It is trading higher by (3.08%) at Rs.194.20 while Ranbaxy Laboratories the top loser down by (5.69%) at Rs.279.35.

At 2.32PM BSE Sensex is at 13,307.12 down by 240.06 points and Nifty is at 4,036.85 down by 73.70 points.

The BSE Mid Cap is lower by 86.95 points at 5,006.10 and the BSE Small Cap slipped by 104.04 points to 5,945.99.

The BSE Realty index is the one of the top loser today trading with a loss of 189.93 points at 3,650.28. The main losers are India Bull real down by (8.46%) at Rs.181.30, Mahindra Life decreased by (7.24%) at Rs.348 followed by HDIL and DLF declined by (5.90%) and (3.53%) to Rs.197.85 and Rs.375.25 respectively.

The most active shares on NSE are ICICI Bank trading at Rs.572.40 with a total traded quantity of 7850429 shares followed by Reliance Capital trading at Rs.1,207.90 with a total traded quantity of 3726256 shares

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