Thursday, July 9, 2009

Market A Marginal Higher Opening On Benchmark Indices - July 09, 2009

After a marginal higher opening, the benchmark indices witnessed a cautious trend with negative bias amid volatility into major Asian bourses. Further, the profit booking pressure has crept in across the broader level due to lack of encouraging news in the domestic arena. Besides, inflation data is scheduled to be announced later today. On a stock specific move, MIC Electronics is trading higher by over 2%, after company signed a MoU with Indian Oil Corporation for marketing of Solar LED Lantern.

During the last hours'' trading session, buying interest has emerged across Metal, FMCG and Oil & Gas sectors, while selling pressure has seen across Realty, Banking and Capital Goods (CG) counters.

Among the BSE sectoral indices, Metal, FMCG and Oil & Gas stocks surged by 1.56%, 1.27% and 1.18% respectively, while BSE Realty, Bankex and CG dipped by 3.02%, 1.46% and 0.99% respectively. Overall the market breadth is negative as 1,220 stocks are trading in red while 787 stocks are in green.

The BSE Sensex is down by 82.2 points at 13,686.95 while NSE Nifty declined by 25.54 points at 4,053.35.

Besides, the BSE Mid Cap and Small Cap are also trading lower by 24.37 points and 41.85 points at 4,758.47 and 5,295.5 respectively.

Losers from the BSE Pack are ICICI Bank down by (4.29%) at Rs. 626.50 along with Tata motors by (4.23%) at Rs. 269.25, Mahindra and Mahindra Limited by (3.11%) at Rs. 714, DLF Limited by (2.97%) at Rs. 276, BHEL by (2.86%) at Rs. 1,988.10 and L&T by (2.41%) at Rs. 1,379.15.

Losers from the NSE Sensex Pack are Unitech Limited declined by (8.77%) to Rs. 62.45, along with Axis Bank by (4.45%) to Rs. 751.5, ICICI Bank by (4.37%) at Rs. 624.55, Tata Motors by (4.12%) at Rs. 269.7, Suzlon Energy by (3.84%) at Rs. 83.9 and Mahindra and Mahindra Limited by (2.71%) at Rs. 717.4.

BSE Realty is trading lower by (3.02%) or 87.90 points at 2,824.73. The major losers are Sobha Dev declined by (10.24%) at Rs. 190.60 along with Unitech Limited by (8.16%) at Rs. 62.50, Parsvnath by (5.55%) at Rs. 71.45, Omaxe Limited by (4.71%) at Rs. 78.85 followed by Orbit Co by (4.57%) at Rs. 131.70.

BSE Bankex is trading lower by (1.46%) or 109.47 points at 7,376.06. The top losers in the index are ICICI Bank declined by (4.29%) to Rs. 626.50 along with Axis Bank by (3.90%) to Rs. 753.05, Kotak Bank by (3%) to Rs. 552.50 followed by Federal Bank by (2.67%) at Rs. 219.

No comments: