Thursday, July 9, 2009

Markets Gained Promote Foundation - July 09, 2009

The markets gained further grounds and are trading higher as buying emerged among the Metal, Realty, Oil & Gas and FMCG stocks. Further the positive opening of the European markets also booted the sentiments. However, the selling pressure continued among the Consumer Durables and select Capital Goods and Auto stocks. The BSE Sensex is now trading above the 13,800 mark and the NSE Nifty above the 4,100 mark.

The overall market breadth is negative as 1063 stocks are advancing while 1367 stocks are declining in BSE.

Jai Prakash Associate reported the top gainer from the BSE Sensex pack, as it is trading up by (3.19%) at Rs. 200.65 while Mahindra & Mahndra reported the top loser trading down by (3.39%) at Rs. 711.95.

The BSE Sensex is trading up by 56.29 points at 13,825.44 and the NSE Nifty is trading higher by 20.50 points at 4,099.40.

The BSE Mid Cap increased by 50.05 points to 4,832.89 and the BSE Small Cap grew by 20.25 points to 5,357.60.

The Metal index is trading with gains of 251.40 points or 2.49% at 10,352.56. Gainers from this pack are Jindal Steel and Power trading up by 5.79% at Rs2570.05 along with Hind Zinc by 4.98% at Rs582.35, Welspun Guj by 4.28% at Rs192.55, Gujarat NRE Coke by 4.09% at Rs38.15, SAIL by 3.33% at Rs152, Sterlite Industries by 3.27% at Rs563.90, Sesa Goa by 2.28% at Rs192.95 and Tata Steel by 1.20% at Rs366.90.

The Realty index is trading higher by 44.04 points or 1.51% at 2,956.67. Leading the rally are Unitech trading up by 5% at Rs71.45 along with Indiabull Real by 3.26% at Rs191.90, HDIL by 3.06% at Rs206.90, Ansal Infra by 1.80% at Rs48, Akruti by 1.15% at Rs445.20, Mahindra Life by 0.81% at Rs261 and DLF by 0.47% at Rs285.80.

The most active shares on NSE are Unitech trading at Rs 71.30 with a total traded quantity of 163919857 shares followed by Suzlon Energy trading at Rs.88.35 with a total traded quantity of 51820170 shares.

Moser Baer India Limited is trading lower by 1.71% at Rs72. The company has posted a net loss of Rs (1508.80) million for the year ended March 31, 2009 as compared to net loss of Rs (789.10) million for the year ended March 31, 2008. Total Income has increased from Rs 20017.30 million for the year ended March 31, 2008 to Rs 23249.10 million for the year ended March 31, 2009.

On the global markets front, the European markets are now trading higher as the FTSE 100, DAX and CAC 40 index are trading up by (0.72%), (1.31%) and (0.86%) respectively.

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