Markets post losses for a third day in a row
The market posted losses for third straight day in choppy trade tracking weak European and Asian markets. Marketmen refrained from making fresh commitments ahead of the crucial Federal Open Market Committee (FOMC) meeting on interest rates today, 30 January 2008 and expiry of January 2008 derivative contracts scheduled tomorrow, 31 January 2008.
Midcaps and smallcaps are still finding difficult to attract investors attention and both the indices closed with over 2% decline. Market breadth was negative through out the day and the volume was also not very impressive.
Sensex ended down 344.98 points or 1.91% at 17746.96, and the Nifty closed down 113.20 points or 2.14% at 5167.60.
Reliance Energy plunged 5.48% to Rs 1991.50 on 8.80 lakh shares. It was the top loser from Sensex pack
Shares from auto pack came under selling pressure. India’s second largest bike manufacturer in terms of sales, Bajaj Auto slipped 3.26% to Rs 2301, off day’s low of Rs 2211. Bajaj Auto posted 5.32% fall in net profit to Rs 326.81 crore in Q3 December 2007 over Q3 December 2006.
Hindustan Unilever (down 5.19% to Rs 195.50), Reliance Communications (down 4.80% to Rs 612), and Oil & Natural Gas Corporation (down 5.10% to Rs 967), were the other losers from the Sensex pack.
India’s largest private sector firm by market capitalization and oil refiner Reliance Industries (RIL) was down 4.19% to Rs 2467.80. A total of 5.19 lakh shares changed hands on the counter on BSE. The stock had hit a high of Rs 2582 in early trade. As per recent reports RIL plans to foray in engineering, procurement and construction business to clock a turnover of Rs 5,000 crore in first year itself and double it in second year.
India’s largest private sector bank in terms of net profit ICICI Bank slipped 3.05% to Rs 1183.05. The stock moved in a range of Rs 1167.20 and Rs 1225
India’s largest listed real estate developer in terms of land bank DLF slipped 3.31% to Rs 854. The company today posted net profit of Rs 605.84 crore on total income of Rs 1,812.59 crore in Q3 December 2007. The company announced the results during market hours today 30 January 2008
State-run power equipment maker Bharat Heavy Electricals rose 1.36% to Rs 2079.90, and was the top gainer from Sensex pack. The company said on Tuesday, 29 January 008, it will invest Rs 736 crore ($187 million) in upgrading its boiler capacity in southern India by 2009
India’s largest cellular services provider in terms of market capitalisation Bharti Airtel rose 1.20% to Rs 860.50.Tata Steel (up 0.53% to Rs 720), and ACC (up 0.80% to Rs 798), were the other gainers from Sensex pack.
Essar Oil was the second most top traded counter on BSE with turnover of Rs 217.55 crore. The stock was down 6.56% to Rs 228.60. On Tuesday, the counter saw high volumes of 1.19 crore shares of which just 5.94% were meant for delivery.
As per reports, rollover of Nifty futures from January 2008 series to February 2008 series stood at 53% while marketwide rollover was 40%, till Tuesday, 29 January 2008.
Midcaps and smallcaps are still finding difficult to attract investors attention and both the indices closed with over 2% decline. Market breadth was negative through out the day and the volume was also not very impressive.
Sensex ended down 344.98 points or 1.91% at 17746.96, and the Nifty closed down 113.20 points or 2.14% at 5167.60.
Reliance Energy plunged 5.48% to Rs 1991.50 on 8.80 lakh shares. It was the top loser from Sensex pack
Shares from auto pack came under selling pressure. India’s second largest bike manufacturer in terms of sales, Bajaj Auto slipped 3.26% to Rs 2301, off day’s low of Rs 2211. Bajaj Auto posted 5.32% fall in net profit to Rs 326.81 crore in Q3 December 2007 over Q3 December 2006.
Hindustan Unilever (down 5.19% to Rs 195.50), Reliance Communications (down 4.80% to Rs 612), and Oil & Natural Gas Corporation (down 5.10% to Rs 967), were the other losers from the Sensex pack.
India’s largest private sector firm by market capitalization and oil refiner Reliance Industries (RIL) was down 4.19% to Rs 2467.80. A total of 5.19 lakh shares changed hands on the counter on BSE. The stock had hit a high of Rs 2582 in early trade. As per recent reports RIL plans to foray in engineering, procurement and construction business to clock a turnover of Rs 5,000 crore in first year itself and double it in second year.
India’s largest private sector bank in terms of net profit ICICI Bank slipped 3.05% to Rs 1183.05. The stock moved in a range of Rs 1167.20 and Rs 1225
India’s largest listed real estate developer in terms of land bank DLF slipped 3.31% to Rs 854. The company today posted net profit of Rs 605.84 crore on total income of Rs 1,812.59 crore in Q3 December 2007. The company announced the results during market hours today 30 January 2008
State-run power equipment maker Bharat Heavy Electricals rose 1.36% to Rs 2079.90, and was the top gainer from Sensex pack. The company said on Tuesday, 29 January 008, it will invest Rs 736 crore ($187 million) in upgrading its boiler capacity in southern India by 2009
India’s largest cellular services provider in terms of market capitalisation Bharti Airtel rose 1.20% to Rs 860.50.Tata Steel (up 0.53% to Rs 720), and ACC (up 0.80% to Rs 798), were the other gainers from Sensex pack.
Essar Oil was the second most top traded counter on BSE with turnover of Rs 217.55 crore. The stock was down 6.56% to Rs 228.60. On Tuesday, the counter saw high volumes of 1.19 crore shares of which just 5.94% were meant for delivery.
As per reports, rollover of Nifty futures from January 2008 series to February 2008 series stood at 53% while marketwide rollover was 40%, till Tuesday, 29 January 2008.
Labels: Nifty.Sensex
posted by SY at 5:28 PM
0 Comments:
Post a Comment
<< Home