Thursday, December 18, 2008

Markets Are Trading Strongly Stocks Are Also Trading Higher - Dec18, 2008

The markets are trading strongly as significant buying witnessed among the Realty, Banking, IT, Power, FMCG and Capital Goods sector. However the Metal index is still reeling under pressure. The better than expected fall in the inflation number has added to the sentiments. This has raised hopes of more rate cuts in the near term. The BSE Mid Cap and the Small Cap stocks are also trading higher.
The BSE Sensex is now trading above the 9,900 mark and the NSE Nifty above the 3,000 mark.

The overall market breadth is negative as 489 stocks are advancing while 1926 stocks are declining in BSE.

Satyam Computer reported the top gainer from the BSE Sensex pack. It is trading higher by (7.43%) at Rs.169.80 followed by Sterlite Industries down by (9.34%) at Rs.197.50.

At 2.32PM BSE Sensex is at 9,906.31 up by 191.01 points and Nifty is at 3,015.75 up by 61.40 points.

The BSE Mid Cap is higher by 26.17 points at 3,162.34 and BSE Small Cap advanced by 3.43 points to 3,681.99.

The BSE Realty index is the one of the top gainer today trading with a gain of 92.92 points at 2,222.13. The main gainers are HDIL down by (12.79%) at Rs.85.95, India Bull Real decreased by (8.44%) at Rs.93.30 followed by Ansal Infra and Unitech declined by (9.42%) and (6.92%) to Rs.31.25 and Rs.36.30 respectively.

The most active shares on NSE are Reliance Industries trading at Rs.1,352.70 with a total traded quantity of 7921298 shares followed by Satyam Computer trading at Rs.170.20 with a total traded quantity of 28735859 shares.

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