After fabulous opening, the key benchmark indices traded jittery on profit booking after the latest data indicated a slowdown in infrastructure sector growth. There are apprehensions about the growth prospect of key sectors due to lackluster demand and increasing gestation period for major projects. Meanwhile, the corporate sector is expecting a removal of the fringe benefit tax (FBT) in the budget.
The domestic brokerages and fund houses want the government to soften securities transaction tax (STT) on trading in securities in the Budget. On the sectoral front, out of 13 Indices, all were traded in red.
The Market breadth, indicating the overall strength of the market, was weak. On BSE, out of 2,530 stocks traded so far, 765 shares advanced while 1,686 shares declined. Nearly 79 shares are unchanged.
The BSE Sensex is trading lower by 194.55 points at 14,591.19 whereas NSE Nifty is down by 67.14 points at 4,323.80.
The BSE Mid Cap is trading lower by 106.23 points at 5,123.85 and Small cap is trading down by 102.71 points at 5,785.15.
Major gainers from the BSE Sensex pack are Sun Pharmaceutical Industries Ltd surged 2.24% to Rs. 1,125.00 along with TCS Ltd 2.10% to Rs. 394.00, Grasim Industries Ltd gained 1.51% to Rs. 2,350.00, Hindustan Uniliver Ltd improved 1.16% to Rs. 269.25, ONGC Ltd advanced 0.92% to Rs. 1,077.90, Hero Honda Motors Ltd jumped 0.59% to Rs. 1391.00, Wipro Ltd gained 0.41% to Rs. 380.20, Tata Steel Ltd gained 0.24% to Rs. 398.10 and Larsen & Toubro Ltd improved 0.06% to Rs. 1,616.00 among others.
Losers from the BSE Sensex Pack are Tata Motors Ltd plunged 5.37% to Rs. 297.00 along with DLF Ltd by 5.27% to Rs. 320.20, Jaiprakas Associates Ltd dipped 4.71% to Rs. 210.60, Reliance Communication Ltd plunged 4.16% to Rs. 294.00, Sterlite Industries Ltd 4.13% to Rs. 620.00, Reliance Infrastructure Ltd by 3.94% to Rs. 1,217.70, ICICI Bank 2.90% to Rs. 727.00 and Reliance Industries Ltd slipped 2.06% to Rs. 2041.95 among others.
The BSE Realty is lower by 196.27 points or 5.67% at 3,267.80. Stocks trading in red are Housing Development 9.09% to Rs. 240.90, Indiabulls Realty Ltd 7.71% to Rs. 197.00, Unitech Ltd retreated 6.27% to Rs. 79.95, DLF Ltd by 5.27% to Rs. 320.20 and Parsvnath Developers 4.95% to Rs. 83.60 among others.
Motherson Sumi Systems Ltd gained 1.79% to Rs. 76.65, after consolidated net profit increased phenomenally 98.6% to Rs. 122.83 crore in Q4 March 2009 over Q4 March 2008.
Sun Pharmaceutical Industries Ltd surged 2.24% to Rs. 1,125.00 on bargain hunting after the stock fell 18.19% in the preceding three trading sessions.
BEML Ltd zoomed 3.81% to Rs. 1,101.35 after net profit surged 45.2% to Rs 172.02 crore on a 20.4% increase in sales to Rs 1262.51 crore in Q4 March 2009 over Q4 March 2008.
Unitech Ltd retreated 6.27% to Rs. 79.95 on concerns of equity dilution after it allotted 22.75 crore convertible warrants at Rs. 50.75 each to Harsil Projects, a promoter group company.
Hindustan Construction Company Ltd fell 1.96% to Rs. 104.80 despite Chairman Ajit Gulabchand said the order book will reach Rs. 21,000 crore by end of the current financial year from current Rs. 16,500 crore.
Apollo Hospitals Enterprise Ltd gained 0.25% to Rs. 568.30 after consolidated net profit spurted 32.83% to Rs 102.49 crore in the year ended March 2009 over the year ended March 2008.
Larsen & Toubro Ltd improved 0.06% to Rs. 1,616.00 after the company bagged six orders worth Rs. 1,230 crore for various electrical projects in the country.
Areva T&D India Ltd plunged 2.61% to Rs. 347.00 despite the company bagged an order for commissioning of two 220 kilovolt conversions substations.
The domestic brokerages and fund houses want the government to soften securities transaction tax (STT) on trading in securities in the Budget. On the sectoral front, out of 13 Indices, all were traded in red.
The Market breadth, indicating the overall strength of the market, was weak. On BSE, out of 2,530 stocks traded so far, 765 shares advanced while 1,686 shares declined. Nearly 79 shares are unchanged.
The BSE Sensex is trading lower by 194.55 points at 14,591.19 whereas NSE Nifty is down by 67.14 points at 4,323.80.
The BSE Mid Cap is trading lower by 106.23 points at 5,123.85 and Small cap is trading down by 102.71 points at 5,785.15.
Major gainers from the BSE Sensex pack are Sun Pharmaceutical Industries Ltd surged 2.24% to Rs. 1,125.00 along with TCS Ltd 2.10% to Rs. 394.00, Grasim Industries Ltd gained 1.51% to Rs. 2,350.00, Hindustan Uniliver Ltd improved 1.16% to Rs. 269.25, ONGC Ltd advanced 0.92% to Rs. 1,077.90, Hero Honda Motors Ltd jumped 0.59% to Rs. 1391.00, Wipro Ltd gained 0.41% to Rs. 380.20, Tata Steel Ltd gained 0.24% to Rs. 398.10 and Larsen & Toubro Ltd improved 0.06% to Rs. 1,616.00 among others.
Losers from the BSE Sensex Pack are Tata Motors Ltd plunged 5.37% to Rs. 297.00 along with DLF Ltd by 5.27% to Rs. 320.20, Jaiprakas Associates Ltd dipped 4.71% to Rs. 210.60, Reliance Communication Ltd plunged 4.16% to Rs. 294.00, Sterlite Industries Ltd 4.13% to Rs. 620.00, Reliance Infrastructure Ltd by 3.94% to Rs. 1,217.70, ICICI Bank 2.90% to Rs. 727.00 and Reliance Industries Ltd slipped 2.06% to Rs. 2041.95 among others.
The BSE Realty is lower by 196.27 points or 5.67% at 3,267.80. Stocks trading in red are Housing Development 9.09% to Rs. 240.90, Indiabulls Realty Ltd 7.71% to Rs. 197.00, Unitech Ltd retreated 6.27% to Rs. 79.95, DLF Ltd by 5.27% to Rs. 320.20 and Parsvnath Developers 4.95% to Rs. 83.60 among others.
Motherson Sumi Systems Ltd gained 1.79% to Rs. 76.65, after consolidated net profit increased phenomenally 98.6% to Rs. 122.83 crore in Q4 March 2009 over Q4 March 2008.
Sun Pharmaceutical Industries Ltd surged 2.24% to Rs. 1,125.00 on bargain hunting after the stock fell 18.19% in the preceding three trading sessions.
BEML Ltd zoomed 3.81% to Rs. 1,101.35 after net profit surged 45.2% to Rs 172.02 crore on a 20.4% increase in sales to Rs 1262.51 crore in Q4 March 2009 over Q4 March 2008.
Unitech Ltd retreated 6.27% to Rs. 79.95 on concerns of equity dilution after it allotted 22.75 crore convertible warrants at Rs. 50.75 each to Harsil Projects, a promoter group company.
Hindustan Construction Company Ltd fell 1.96% to Rs. 104.80 despite Chairman Ajit Gulabchand said the order book will reach Rs. 21,000 crore by end of the current financial year from current Rs. 16,500 crore.
Apollo Hospitals Enterprise Ltd gained 0.25% to Rs. 568.30 after consolidated net profit spurted 32.83% to Rs 102.49 crore in the year ended March 2009 over the year ended March 2008.
Larsen & Toubro Ltd improved 0.06% to Rs. 1,616.00 after the company bagged six orders worth Rs. 1,230 crore for various electrical projects in the country.
Areva T&D India Ltd plunged 2.61% to Rs. 347.00 despite the company bagged an order for commissioning of two 220 kilovolt conversions substations.
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