Tuesday, March 13, 2007

Market gives up gains but still in green

The markets opened firm in the morning as buying was seen among index pivotals. Also the Sensex crossed the psychological 13,000 level, which technical analysts feel is a strong resistance.But the markets retreated later giving up some of the gains.But the markets are still trading in green.

At 11.45 pm when the trading is halted temporarily due to sun outage till 12.30 pm, the sensex was trading 53 points up at 12596.The Nifty 50 index was up 20 points at 3755.

Cement stocks rebounded from their lower levels, as buying resumed. ACC was the top gainer, up 2.82% to Rs 769.80, on a volume of 5.62 lakh shares. Gujarat Ambuja Cements (up 1.90% to Rs 107.20) and Grasim (down 1.53% to Rs 2045) also advanced.

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