Friday, January 9, 2009

Sataym Mayhem Continues - Jan 9, 2009

After a week opening in its early trades, market shown some sign of recovery on the back of some positive sentiments across the Asian market. As the government is scheduled to announce inflation figure today, the eyes are partially shifted from Satyam Scandal to inflation rate figures. Looking at past trend of declining inflation rate, market has hold its nervous for some positive news of cooling inflation rate further. The heavy selling seen across Realty, CG and Metal sectors as the indices down by around 19.44%, 7.28% and 6.86% respectively. The market breadth is negative as 305 stocks are trading in green while 1606 stocks are in red.

At 11.30 AM, the BSE Sensex down by 275.23 points at 9,311.64 while NSE Nifty declined by 91.15 points at 2,829.25. The BSE Mid Cap and BSE Small Cap are trading lower by 152.85 points and 158.69 points at 3,045.06 and 3,503.82 respectively.

Losers from the BSE Sensex Pack are Satyam Computers down by (48.19%) to Rs.20.7, along with DLF Ltd by (18.29%) to Rs.191.7, R-Com by (8.79%) at Rs.188.35, Reliance Infrastructure by (8.02%) at Rs.514.5, L&T by (7.68%) to Rs.716 and Sterlite Ind by (5.91%) at Rs.284.1.

Losers from the NSE Nifty Pack are Satyam Computers down by (49.94%) at Rs.20.15 along with DLF Ltd by (18.11%) at Rs.191.5, Unitech Ltd by (11.14%) at Rs.32.3, R-Com by (10.12%) at Rs.185.6 and Reliance Infrastructure by (9.24%) at Rs.507.

BSE Realty is trading lower by (19.44%) or 382.08 points at 1,583.12. The major losers are DLF trading lower by (26.56%) at Rs.172.30, along with Housing Dev by (15.52%) at Rs.93.10 and Unitech by (14.56%) at Rs.31.10, Penland Ltd by (14.08%) at Rs 20.75, Orbit Co by (13.50%) at Rs 49 and Omaxe Ltd by (12.43) at Rs 51.10.

BSE CG is trading lower by (7.28%) or 510.32 points at 6,498.45. The top losers in the index are Punj Llyod up by (20.15%) to Rs.110.35 along with Praj Industries by (10.74%) to Rs.54, Walchand Industries by (10.08%) to Rs.95, Kalpat Pow T by (9.02%) to Rs.266.20 followed by L&T by (9.02%) at Rs.705.60.

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