Thursday, June 11, 2009

Markets Off Day Near To The Ground - June 11, 2009

he markets have made some recovery from the day’s low and are now trading marginally higher. The buying is seen among the Metal, Auto, FMCG and Pharma stocks. However, IT, Oil & Gas and Capital Goods stocks are still reeling under pressure. Further the early recovery in the European markets also led the market to gain some momentum.

However the broader market indices now trading flat. The overall market breadth is negative as 891 stocks are advancing while 1783 stocks are declining in BSE.

Hindalco Industries reported the top gainer from the BSE Sensex pack, as it is trading up by (6.33%) at Rs. 100 while Infosys Technologies reported the top loser trading down by (3.64%) at Rs. 1,737.70.

The BSE Sensex is trading up by 3.16 points at 15,469.97 and the NSE Nifty is trading higher by 9.95 points or (2.11%) at 4,665.20.

The BSE Mid Cap increased by 10.28 points or (0.19%) to 5,369.78 while the BSE Small Cap fell by 36.92 points or (0.59%) to 6,169.50.

The IT index is trading with losses 2.99% at 3,291.49. Losers from this pack are Finance Technologies trading down by 3.72% at Rs1410 along with Infosys by 3.67% at Rs1737.05, Orale Fin by 3.61% at Rs1290, Patni Computers by 3.42% at Rs251, Rolta India by 2.22% at Rs141.15, Aptech by 1.88% at Rs196.15 and NIIT by 1.78% at Rs63.60.

The Metal index is trading with gains of 2.52% at Rs11,938.74. Gainers from this pack are JSW Steel trading higher by 8.45% at Rs632 followed by Sesa Goa by 7.27% at Rs193.20, Hindalco Inds by 6.91% at Rs100.55, Sterlite Inds by 4.08% at Rs690.70, Nalco by 4.04% at Rs359.05, Tata Steel by 3.07% at Rs453, Jindal Saw by 2.29% at Rs418.

The most active shares on NSE are Unitech trading at Rs 87.65 with a total traded quantity of 75122065 shares followed by Suzlon Energy trading at Rs.121.45 with a total traded quantity of 45246464 shares.

Compucom Software Limited is trading up by 7.86% at Rs14. The company has been awarded an order by Rajasthan Council of Elementary Education, under Sarv Shiksha Abhiyan of government, for providing Computer Aided learning Programme (CALP) on the basis of BOOT Model in 836 Govt. Schools of Rajasthan.

The Order value is worth Rs 10.68 Crores (Approx). The Company has received work order in this regard from Rajasthan Council of Elementary Education on June 10, 2009. After this order the Total No of Schools in Compucom Portfolio will Increase to 3696 Schools for providing Education / ICT / IT Services.

On the global markets front, the European markets are trading higher as the FTSE 100, DAX and CAC 40 index are trading up by (0.16%), (0.53%) and (0.41%) respectively.

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