Mkts end in red but off day's low: Bank, autos up

Monday, January 28, 2008

Mkts end in red but off day's low: Bank, autos up

The markets once again saw weak and disappointing opening today and proceeded to trade with deep cut for most part of the day on account of heavy selling taking place in scrips across the sectors led by realty, metal,oil & gas, power and IT. But the markets pulled back substantially in the late trade as heavy buying took place in the banking, auto, FMCG and capital goods space.

It was relatively better day for the midcaps and smallcaps than the frontline counters. Market breadth remained negative through the day and with advance decline ratio of nearly 1:2 on NSE. Turnover on the bourses today was extremely low as compared to any strong trading day. All the key BSE indices ended in red except the bankex and auto index. Both closed with a gain of over 1%.

Sensex ended down 208.88 points or 1.14% at 18152.78, and the Nifty shut shop down 109.25 points or 2.03% at 5274.10. On BSE, About 955 shares advanced, 1992 shares declined, and 42 shares remained unchanged. BSE midcap was down 0.43% at 7986.68 and Nifty was down 1.13% at 10303.51.

BSE auto index was up 1.72% at 4926.14. Bajaj Auto, Maruti Suzuki and Hind Motors were the top gainers.

BSE bankex was up 1.24% at 11521.22. Canara Bank, Bank Of India and Axis Bank were some of the top gainers in the banking space.

BSE capital good index ended down 1.99% at 17116.36. Bharat Electronics, Astra Microwave, Suzlon Energy and Kirloskar Oil were the top losers.

BSE FMCG index closed down 0.54% at 2148.45. Colgate, Bata India Nestle were the top losers in this space.

BSE pharma index ended down 1.25% at 3645.71. Dr Reddy's Lab, Ranbaxy and Lupin lost maximum in the pharma sector.

BSE IT index closed down 3.69% at 3659.96. Wipro, Infosys and I Flex were the weakest counters in the IT space.

BSE metal index ended down 1.03% at 15442.75. SAIL, NALCO and Mah Seamless were the top losers.

BSE oil & gas index was down 1.07% at 11078.11. BPCL, HPCL and Reliance Petroleum were the top losers.

BSE power index closed down 1.5% at 3911.66. Suzlon, Torrent Power and NTPC were the weakest counters.

BSE realty index ended down 4.54% at 10689.41. HDIL, Unitech and DLF were the top losers.

Turnover today:

* NSE cash - Rs 11214.92 cr
* BSE cash - Rs 3909.68 cr
* NSE F&O - Rs 43395.88 cr
* Total Turnover - Rs 58520.48 cr



Again the effect of Global markets. But, the market is showing that the Indian Economy is strong :) Let's hope it will break all barriers of the Global Economy.


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