Tuesday, July 7, 2009

Market Turns Broken Up After A Positive Opening - July 07, 2009

After a gap up opening, the domestic markets are trading volatile with weak trading sentiments around the corner. The frontline stocks are facing extreme pressure in the high level on the back of concerns over a large budget deficit. On a stock specific news, Roman Tarmat Limited is trading higher by 8% after it bagged Rs 24.58 crore order for Widening to six lanes and strengthening of Taramani Link road.

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

Among the BSE sectoral indices, FMCG, Auto and CG stocks gained by 5.11%, 3.31% and 1.81% respectively, while PSU, Oil & Gas and Metal stocks down by 1.48%, 1.32% and 1.18% respectively.

Overall the market breadth is negative as 1,225 stocks are trading in red while 788 stocks are in green.

The BSE Sensex is up by 105.71 points at 14,149.11 while NSE Nifty surged by 30.95 points at 4,196.65.

Besides, the BSE Mid Cap is marginal up by 2.71 at 4,921.59, while Small Cap is trading lower by 47.71 points at 5,515.15 respectively.

Gainers from the BSE Sensex Pack are ITC Limited surged by (6.70%) to Rs. 211.05, along with Maruti Suzuki by (5.79%) to Rs. 1,094.90, Mahindra and Mahindra Limited by (4.03%) at Rs. 739, Grasim Industries by (3.52%) at Rs. 2,378.05, ICICI Bank by (3.16%) at Rs. 699.45 and Hindustan Unilever Limited by (2.97%) at Rs. 284.10.

Gainers from the NSE Nifty Pack are ITC Limited up by (7.23%) at Rs. 212 along with Maruti Suzuki by (5.82%) at Rs. 1,098, Gail India by (5.78%) at Rs. 333, Mahindra and Mahindra by (4.05%) at Rs. 740.5, Hindustan Unilever Limited by (3.56%) at Rs. 284.7 and Ambuja Cements by (3.39%) at Rs. 90.05.

BSE FMCG is trading higher by (5.11%) or 118.23 points at 2,430.72. The top gainers in the index are ITC Limited surged by (6.70%) to Rs. 211.05 along with Marico Limited by (6.52%) to Rs. 76, United Spirits by (4.37%) to Rs. 867 followed by Godrej Consumer by (3.96%) at Rs. 169.5.

BSE Auto is trading higher by (3.31%) or 147.47 points at 4,607.43. The major gainers are Exide Industries up by (7.26%) at Rs. 68.70 along with Maruti Suzuki Limited by (5.79%) at Rs. 1,094.90, Bajaj auto by (5.19%) at Rs. 1,005.05 followed by Mahindra and Mahindra Limited by (4.03%) at Rs. 739.

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