Wednesday, July 29, 2009

Markets Off The Existence Near To The Ground - July 29, 2009

The markets though managed to gain some ground from the day’s low but are still trading lower. The traders are cautios to take any fresh positions and want to remain in the sidelines ahead of the F&O expiry on Thursday. The selling pressure continued across the sectorial indices. The broader market indices are also witnessing the selling heat today as both the BSE Mid Cap is now trading with a loss of more than 1% and BSE Small cap indices with a cut of more than 1.5%. The Realty, Consumer Durables, Metal and Capital Goods stocks are fronting the decline.

The overall market breadth is negative as 917 stocks are advancing while 1650 stocks are declining in BSE.

TCS reported the top gainer from the BSE Sensex pack, as it is trading up by (2.29%) at Rs. 490.75 while DLF reported the top loser trading down by (6.59%) at Rs. 398.

The BSE Sensex is trading down by 184.98 points at 15,146.98 and the NSE Nifty is trading marginally lower by 64.45 points at 4,499.65.

The BSE Mid Cap decreased by 69.38 points to 5,461.99 and the BSE Small Cap fell by 106.39 points to 6,139.42.

The Realty index is trading with deep cut of 198.74 points or 4.86% at 3,891.38. Losers from this pack are Omaxe Limited trading lower by 7.20% at Rs. 106.95 followed by HDIL by 6.67% at Rs. 269.15, Ansal Infra by 6.21% at Rs. 61.20, DLF by 6.18% at Rs. 399.75, Parsvnath by 6.11% at Rs. 114.50, Unitech by 5.27% at Rs. 90.70 and Anant Raj In by 4.01% at Rs. 125.80.

The Consumer Durables is trading lower by 99.09 points or 3.13% at 3,065.89. Scrips that are trading in negative are Titan Inds trading down by 4.43% at Rs. 1263 followed by Videocon Inds by 3.85% at Rs. 178.50, Blue Star by 2.11% at Rs. 353.20 and Rajesh Exports by 2.01% at Rs. 41.35.

The most active shares on NSE are Unitech trading at Rs. 90.65 with a total traded quantity of 86103471 shares followed by Suzlon Energy trading at Rs. 101.70 with a total traded quantity of 60596626 shares.

Punjab National Bank is trading up by 2.19% at Rs. 738.40. The bank has posted a net profit for the period of Rs 8320.50 million for the quarter ended June 30, 2009 as compared to Rs 5124.00 million for the quarter ended June 30, 2008.

Total Income has increased from Rs 45946.20 million for the quarter ended June 30, 2008 to Rs 61775.80 million for the quarter ended June 30, 2009.

Aurobindo Pharma Limited is trading lower by 1% at Rs. 542. The company announced that it has received the tentative approval for Donepezi! Hydrochloride Tablets 5mg and 1Qmg (ANDA 90-056) from the US Food & Drug Administration (USFDA).

Donepezil Hydrochlorida Tablets 5mg and lOmg is the generic equivalent to Aricept® Tablets 5mg and 10mg of Eisai Medical Research Inc.

Donepezil Hydrochloride Tablets are indicated for the treatment of mild, moderate, and severe dementia of the Alzheimer's type and fall under the Central Nervous System (CNS) therapeutic segment.

On the global markets front, the European markets are now trading higher as the FTSE 100, DAX and CAC index are trading up by (0.69%), (1.36%) and (1.40%) respectively.

No comments: