Monday, January 19, 2009

After A Positive Start, The Benchmark Indices Turned Into Choppy - Jan 19, 2009

After a positive start, the benchmark indices turned into choppy amid of mixed cues from Asian market. The investors are looking cautious ahead of Barrack Obama’s swearing in as US president. Global market is expected to find a clear way from the inaugural speech by the new president. Among the sectoral indices, Realty, IT and TECk dipped by nearly 2.38%, 1.60% and 0.83% respectively. The market breadth is negative as 1062 stocks are trading in red while 764 stocks are in green.

At 11.30 AM, the BSE Sensex down by 32.51 points at 9,291.08 whereas NSE Nifty is down by 1.59 points at 2,826.85. The BSE Mid Cap and BSE Small Cap are trading higher by 15.43 points and 29.98 points at 3,042.27 and 3,442.75 respectively.

Losers from the BSE Sensex Pack are Mahindra & Mahindra down by (3.38%) to Rs 313.3, along with TCS Ltd by (2.74%) to Rs.489.15, Housing Development Fin by (2.46%) at Rs.1526.95, Tata Motors by (2.28%) at Rs.149.9, ICICI Bank by (2.05%) at Rs.415.25 and Wipro Ltd by (2.02%) at Rs.233.05.

Losers from the NSE Nifty Pack are Unitech by (7.81%) at Rs.27.15 along with Mahindra & Mahindra by (3.13%) at Rs.314.6, TCS Ltd by (2.84%) at Rs.488.7, Housing Development Fin by (2.71%) at Rs.1523 and DLF Ltd by (2.66%) at Rs.190.35.

BSE Realty is trading lower by (2.38%) or 41.09 points at 1,682.67. The top losers in the index are Unitech down by (8.47%) to Rs.27.55 along with Indiabulls real estate by (2.21%) to Rs.110.40 crore, Omaxe Ltd by (2%) to Rs.51.35, DLF Ltd by (1.69%) to Rs.191.90, followed by Sobha Dev by (0.12%) at Rs.84.60.

BSE IT is trading lower by (1.60%) or 34.88 points at 2,150.10. The top losers in the index are TCS Ltd down by (2.40%) to Rs.490.90 along with Wipro Ltd decreased by (1.80%) to Rs.233.35, Infosys Tech by (1.87%) to Rs.1244.50, followed by Oracle Fin by (1.46%) at Rs.448.

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