Thursday, June 25, 2009

Markets Gone Astray Additional Foundation - June 25, 2009

The markets lost further grounds and slipped into the negative territory as traders are clearing off their positions on the last date of the expiry of the F&O series. The selling pressure emerged among the Auto, Oil & Gas, Power and Metal stocks. However, buying continued among the Realty, Banking, Consumer Durables and Pharma stocks. The broader market indices stocks also give up their early gains and are now trading marginally higher.

The BSE Sensex is now trading below the 14,400 mark while the NSE Nifty below the 4300 mark.

The overall market breadth is positive as 1500 stocks are advancing while 1046 stocks are declining in BSE.

HDFC reported the top gainer from the BSE Sensex pack, as it is trading up by (3.28%) at Rs. 2,385 while Tata Motors reported the top loser trading down by (5.25%) at Rs. 338.25.

The BSE Sensex is trading down by 35.28 points at 14,387.45 and the NSE Nifty is trading lower by 29.25 points or (0.68%) at 4,263.70.

The BSE Mid Cap increased by 22.71 points or (0..45%) to 5,082.55 and the BSE Small Cap grew by 27.96 points or (0.49%) to 5,746.99.

The Realty index is trading with gains of 48.33 points or 1.49% at Rs3,299.36. Gainers from this pack are Unitech trading up by 5.06% at Rs81.95 followed by Phoenix Mill by 4.47% at Rs98.15, Anant Raj In by 3.33% at Rs94.60, Sobha Developers by 1.61% at Rs201.60, Mahindra Life by 1.54% at Rs274 and Omaxe by 1.35% at Rs97.65.

The Auto index is trading lower by 78.36 points or 1.66% at 4,643.36. Losers from this pack are Tata Motors trading down by 5.10% at Rs338.80 along with Mahindra and Mahindra by 3.58% at Rs698, Exide Industries by 2.99% at Rs69.65, Maruti Suzuki by 2.48% at Rs1033.50, Hero Honda by 1.39% at Rs1425, MRG by 1.38% at Rs3325 and Escorts by 1.06% at Rs60.40.

The most active shares on NSE are Unitech trading at Rs 81.95 with a total traded quantity of 74502346 shares followed by Suzlon Energy trading at Rs.116.95 with a total traded quantity of 52244999 shares.

Unitech Limited is trading up by 5.51% at Rs82.30. The company has announced the following Audited results for the year ended March 31, 2009.

The Company has posted a profit after tax of Rs 7396.60 million for the year ended March 31, 2009 as compared to Rs 10306.80 million for the year ended March 31, 2008.

Total Income has decreased from Rs 29697.20 million for the year ended March 31, 2008 to Rs 24549.10 million for the year ended March 31, 2009.

On the global markets front, the European markets are now trading lower as the FTSE 100, DAX and CAC 40 index are trading down by (0.06%), (0.54% and (0.61%) respectively.

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