Tuesday, March 06, 2007

Market losing the early gains

The market had surged in the opening trade,tracking recovery in the Asian markets.But as trading progressed market started losing the early gains.At 13.30 pm Nifty was up 42 points,at 3618.40.The sensex was trading 125 points up at 12540.52.The sensex had settled at 12,599.49 at 11:45 IST, when trading was halted temporarily from 11:45 IST to 12:25 IST due to sun outage.Trading time has been extended by 45 minutes till 16:15 IST.

Wipro,Infosys,Satyam and ICICI Bank were the top gainers on the sensex,while BPCL,Wipro ,Gail and Maruti Udyog were the top gainers on the Nifty.The losers on Nifty were Sail,Tata Power,Hindalco and Hero Honda,while that on the sensex were Hindalco,Hero Honda,Tata Steel and NTPC.

As per provisional data, FIIs were net sellers to the tune of Rs 732 crore on Monday (5 March 2007), the day when the Sensex had tumbled 471 points. FIIs were net buyers to the tune of Rs 324.90 crore Friday (2 March 2007), the day when the Sensex had lost 273 points.

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