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Sunday, March 09, 2008

Current color of Market Trade

The markets are trading deep in red on sustained selling pressure in scrips across sectors. Heavy selling pressure across the sectors like capital goods, banking, power and realty. Broader markets have taken it on their chin. Both the midcap and smallcap are down over 5% each. All BSE indices are trading in the red. Market breadth is negative.
At 10.37 hrs IST, the Sensex is down 485.97 points or 3.04% at 15489.55, and the Nifty down 121.70 points or 2.55% at 4649.90.
About 421 shares have advanced, 2566 shares declined, and 61 shares are unchanged. L&T might book hedging losses in UAE arm has taken the stock down over 10% followed by BHEL down nearly 10%. The other laggards are Unitech, Dr Reddy's Labs, Tata Power, Reliance Energy, Siemens, Tata Motors, Wipro, ABB and ICICI Bank.
Among the few gainers were Bharti, JP Associate, M&M, Cairn India and HCL Tech.

1 comment:

berto said...

Such a nice blog. I hope you will create another post like this.