Archive for March 28th, 2007

Markets continue to tumble - March 28, 2007 @ 3:15 PM

NIFTY is down at 3763.65 having lost 1.47% so far. IT and Banking stocks continued to make the much of the damage. Sensex lost over 230 points and is currently trading at 12,892.72. Midcap, Small Cap, BSE 100, BSE 200, BSE 500 have lost about 1.5% in trades so far. Auto, Bankex and Teck are over 2.5% down while IT is down by  3.4% on the BSE.

On the Bank Nifty, only 2 stocks are advancing while 10 are declining. Leading losers of the day on the Bank Nifty are UTI Bank, SBI, Corporation Bank, Canara Bank and ICICI Bank. Bank of Baroda and Bank of India are trading marginally positive.

The 20 stock CNX IT had 3 stocks advancing but 17 stocks pulling it downwards. While Mastek, IFlex (both +1.7%) and GTL (+0.5%) are trading positive, scripts such as HTMT, Rolta, CMC, HCL Tech and TCS have lost over 4.3%

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Pharma stocks picks up - March 28, 2007 @ 1:45 PM

Phama majors Ranbaxy and Dr. Reddy are topping the charts at the moment. Ranbaxy is currently trading at 337.05 while Dr. Reddy is at 682.15.

Other Nifty 50 gainers so far include ONGC, Zee Limited, BHEL, Tata Steel, Tata Power, Jet Airways, Reliance and National Aluminum.

Top Nifty 50 losers so far include HCL Tech, TCS, Satyam, Wipro, HDFC, Hindustan Petro, GAIL, Infosys, PNB and Tata Motors.

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Markets continue to be lagging behind - March 28, 2007 @ 12:30 Noon

NIFTY is at 3769.90 and has lost 1.31%. IT and Banking indices have lost about 2%. Sensex is at 12,939.97 and has lost 184.35 points or 1.4%. All indices seems to have lost over a percentage point so far. BSE Midcap, BSE Small Cap, BSE 100, BSE 200 and BSE 500 all lost over a percentage point.

Iflex gained about 60 rupees today. The stock opened at  1,974.00 and is currently trading at 2,056.15. Other leading gainers of the day are PFizer, Zee Entertainment, Ranbaxy Laboratories, Reliance Petrol, Asian Paints, Visual Soft and Tata Steel

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Markets open marginally in red - March 28, 2007 - Opening bell

NIFTY is currently at 3789.90 as against its previous closure of 3819.95 and is -0.79%. IT and Banking stocks continued to see selling pressure. Almost all indices are partially in red, some to an extent of -1% or above.

Sensex opened at 13,034.27 as against its previous closure of 13,124.32. Midcap index lost about 28 pts and Small cap index is down by 24 points.

Major gainers so far in these early trades are Novartis, Pfizer, Syndicate Bank, Bongaigaon Refineries, Punjab Tractors, Indian Overseas Bank amongst others.

Bongaigaon Refineries opened at 41.50 as against its previous closure of 41.20

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