Tuesday, December 16, 2008

Markets Seen Flat Asian Markets Mixed - Dec 16, 2008

The benchmark indices are trading around the dotted line following the mixed Asian cues. The Asian stocks decline as the deepening global recession suppresses the earnings outlook. A host of data are lined up like the US Fed meet and Goldman Sach earnings, which could provide some direction to the market. The sectoral indices are trending in green with PSU, Cpital Goods, Consumer Durables and IT on the top. The market breath is favoring advance, as 1,505 stocks are trading in green and about 501 stocks in red on the broader BSE.

At 11.30 AM, the BSE Sensex is gaining by 24.15 points at 9,856.54 and NSE Nifty by 22.10 points at 3003.30. The BSE Mid Cap and BSE Small Cap are trading higher by 65.62 points and 88.13 points at 3,230.61 and 3,747.22 respectively.

Gainers from the NSE Nifty Pack are HCL Technologies up by (10.50%) at Rs.114.75 along with Suzlon Energy Ltd by (3.86%) at Rs.56.55, Simens by (3.16%) at Rs.276.25, Ranbaxy Lab by (3.06%) at Rs.220.60 and NTPC Ltd by (2.34%) at Rs.172.50.

Losers from the BSE Sensex Pack are Sterlite Ind that plunged by (4.71%) to Rs.293.20 along with HDFC by (4.31%) at Rs.1,542.50, M&M Ltd by (3.00%) at Rs.294.10, Reliance energy by (2.98%) at Rs.633.60 and Maruti Suzuki by (2.14%) at Rs.497.95.

BSE Capital Goods index is trading higher by (1.56%) or 109.79 points at 7,154.27. The major gainers are Everest Kanto trading up by (9.33%) at Rs.175.10, Havells India by (7.25%) at Rs.139.00, Punj Lloyd by (7.15%) at Rs.165.55, Areva Ltd by (7.07%) to Rs.167.35, followed by Thermax Ltd by (6.93%) to Rs.207.45.

BSE Consumer Durable is trading higher by (3.72%) or 68.08 points at 1,896.54. The top gainers in the index are Videocon India increased by (6.42%) to Rs.111.00, Gitanjali Gems by (4.45%) to Rs.76.30, Blue Star up by (3.41%) to Rs.147.00 followed by Titan India by (3.04%) at Rs.929.85.

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