Friday, June 5, 2009

Markets Comes Off Starting The Day High - June 05, 2009

The markets comes off from the day''s high and is trading with with decent gains on some buying support from the Capital Goods, Auto, IT, Consumer Durables, Pharma stocks. Further the positive opening of the European markets also boosted the sentiments. However, FMCG and Oil & Gas stocks are still under pressure. The second line stocks also remain in demand today. The BSE Sensex is now trading above the 15,150 mark and the NSE Nifty near the 4,600 mark.

The overall market breadth is positive as 1794 stocks are advancing while 1006 stocks are declining in BSE.

Grasim Industries reported the top gainer from the BSE Sensex pack, as it is trading up by (7.14%) at Rs. 2,536.10 while ITC reported the top loser trading down by (4.74%) at Rs. 192.85.

The BSE Sensex is trading up by 165.43 points or (1.10%) at 15,174.11 and the NSE Nifty is trading higher by 37.70 points or (0.82%) at 4,610.35.

The BSE Mid Cap increased by 56.53 points or (1.04%) to 5,502.61 and the BSE Small Cap grew by 73.05 points or (1.12%) to 6,598.24.

The Capital Goods index is trading with strong gains of 508.28 points or 4.05% at 13,060.01. Pushing it are Beml trading higher by 12.87% at Rs905 along with Bharat Electricals by 7% at Rs1407, L&T by 5.30% at Rs1533.10, Walchand In by 4.99% at Rs242.80, Alstom Projects by 4.80% at Rs525, Bhel by 3.44% at Rs2247.05, Thermax Limited by 3.28% at Rs412.05, Praj Inds by 2.86% at Rs118.70 and Gammon India by 1.48% at Rs178.

The IT index is trading up by 100.30 points at 3,174.30. Gainers from this pack are Aptech Limited by 6.06% at Rs200.50 along with Infosys by 4.49% at Rs1700.10, Finance Technologies by 2.18% at Rs1480, TCS by 1.36% at Rs717.50, Wipro by 1.23% at Rs395.70 and Mphasis by 1.11% at Rs328.90.

The most active shares on NSE are Unitech trading at Rs 100.55 with a total traded quantity of 77181047 shares followed by Suzlon Energy trading at Rs.134.90 with a total traded quantity of 63106968 shares.

Jain Irrigation is trading up by 0.29% at Rs653. The company has bagged the TN-IAMWARM order of World Bank, which is valued at Rs. 778 mn covering 22,345 Ha to be executed during this year.

JSW Steel Limited is trading flat at Rs587.15. The company reported a growth of 33% in Crude Steel production for May 2009 compared to that of corresponding month in the last fiscal year. The substantial growth in production is mainly attributable to the production from 2.8 MTPA expansion project at Vijayanagar works.

On the global markets front, the European markets are trading higher as the FTSE 100, DAX and CAC 40 index are trading up by (1.55%), (0.53%) and (0.58%) respectively.

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