Wednesday, May 6, 2009

Markets Gave Up All Its Gains - May 06, 2009

The markets slipped off the day’s high and are now trading around the unchanged mark as profit booking emerged among the FMCG, Banking, Realty, Metal and IT stocks. However the Oil & Gas, Power and Capital Goods stocks hold their gains. The broader market indices also given up most of their early gains but however are trading higher.

The BSE Sensex is now trading below the 12,100 mark and the NSE Nifty above the 3,650 mark.

The overall market breadth is positive as 1484 stocks are advancing while 939 stocks are declining in BSE.

Hindalco Industries reported the top gainer from the BSE Sensex pack, as it is trading up by (4.51%) at Rs. 64.95 while ICICI Bank reported the top loser trading down by (4.82%) at Rs. 542.

BSE Sensex is at 12,021.80 down by 109.28 points and Nifty is at 3,645.55 down by 16.35 points.

The BSE Mid Cap is higher by 69.14 points at 3,720.43 and the BSE Small Cap increased by 80.21 points to 4,161.91.

The Oil and Gas index is trading with handsome gains of 102.08 points or 1.21% at 8,517.13. Pushing it are ONGC trading up by 2.90% at Rs911 along with RPL by 1.38% at Rs117.65, Reliance industries by 1.03% at Rs1895.95 and Cairn India by 0.32% at Rs203.30.

The FMCG index is trading with deep cut of 51.27 points or 2.37% at 2,109.96. Losers from this pack are ITC trading down by 3.06% at Rs191.50 in line with United Spirits by 2.70% at Rs708.50, Colgate Palmolive by 2.22% at Rs475.55, HUL by 1.26% at Rs234.90, Marico by 0.74% at Rs67.45 and Nestle by 0.55% at Rs1760.

The most active shares on NSE are Unitech trading at Rs.52.90 with a total traded quantity of 60439233 shares followed by Suzlon Energy trading at Rs.75.45 with a total traded quantity of 59463765 shares.

On the global markets front, the European markets are trading higher as the FTSE 100 and the DAX index are trading up by (0.22%) and (0.26%) respectively.

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