Monday, March 05, 2007

Weakness Persists in the Market

The market is weak in the aftenoon session and selling continued. At 14.32 pm the Nifty was at 3590.40 ,136 points down and the sensex was at 12462.10 ,almost 424 points down.

Gujarat Ambuja cements was the only top gainer on the Nifty as well as Sensex trading at Rs 110.50, just a small difference to the closing price of Rs 109.80 on friday.

Ranbaxy labs,Maruti Udyog,NTPC were the top losers on the sensex,while Jet Airways,Sail,M&M and Oriental bank were the top losers on the Nifty.We expect the market to slide further in the late afternoon trade.

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