Thursday, July 30, 2009

Market Trading With Dull Sentiments - July 30, 2009

Market after a subdued start, the key benchmark indices are oscillating between positive and negative territory on account of weak cues from other Asian markets. Further, the investors are seen cautious at higher level and continuously booking profits at every possible stage. On a stock specific move, McLeod Russel India is trading higher 4.5% backed by a news that company is is aggressively pursuing overseas acquisitions to achieve a 100 million kg production within next five years.

During the last hours’ dull session, buying interest has emerged across IT, TECk and FMCG counters while selling pressure seen across Capital Goods (CG), Metal and Consumer Durable (CD) counters.

Among BSE sectoral indices, IT and TECk surged by nearly 1.6% and 0.87% respectively while CG and Metal fell by 0.63% and 0.38% respectively.

Out of total 2,179 stocks traded in the BSE, 1,178 stocks advanced, 927 stocks declined while 74 remain unchanged.

The BSE Sensex up by 25.53 points at 15,198.99 while NSE Nifty surged by 2.75 points at 4,516.25.

Besides, the BSE Mid Cap and Small Cap are trading higher by 7.35 points and 38.19 points at 5,484.45 and 6,192.95 respectively.

Gainers from the BSE Sensex Pack are Hindustan Unilever Limited up by (2.44%) to Rs. 274.60, along with HDFC by (2.35%) to Rs. 2,418.5, TCS Limited by (2.35%) to Rs. 511.55, Wipro Limited by (1.99%) at Rs. 476, Infosys Technologies by (1.12%) at Rs. 2,006, and SBI by (0.82%) at Rs. 1,670.05.

Gainers from the NSE Nifty Pack are TCS Limited increased by (2.76%) at Rs. 513.6, along with BPCL by (2.69%) at Rs. 481.5, HDFC by (2.47%) at Rs. 2,426, Hindustan Unilever Limited by (2.40%) at Rs. 274.8, Ambuja Cement Limited by (2.27%) at Rs. 101.3 and Power Grid Corporation by (2.13%) at Rs. 119.9.

BSE IT is trading higher by (1.60%) or 60.75 points at 3,846.64. The top gainers are Patni Computers surged by (4.22%) at Rs. 303.5 along with Rolta India by (3.10%) at Rs. 152.85, TCS Limited by (2.64%) to Rs. 513, Wipro Limited by (2.23%) at Rs. 477.10 followed by Oracle Fin by (2.20%) at Rs. 1,432.

BSE Realty is trading lower by (0.63%) or 77.88 points at 12,362.28. The top losers in the index are Jyoti Structure declined by (2.79%) to Rs. 155 along with Usha Martin by (2.73%) to Rs. 49.95, Bharat Bijili by (2.05%) to 807.95, Siemens Limited by (1.45%) to Rs. 470, followed by ABB Limited by (1.21%) to Rs. 691.50.

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