GetPaidIndia.com

Markets gains points after weak start; Closes positive - May 25, 2007

The Indian Stock Markets finally have closed in the green following a reversal in the trend after seeing the opening in the red. S&P CNX NIFTY closed the day at 4248.15 and is up by 1.03%. CNX IT added 1.97% while BANK NIFTY managed to shed out its losses to close marginally in the red at 0.13%.

The 20 script CNX IT had 17 advancing and 3 declining. Amongst the gainers of the day are Patni, Tech Mahindra, Polaris, CMC and Satyam. The losers list had Subex, Moser Baer and Rolta.

The 12 script Bank Nifty is undecided about its course - 6 advanced and 6 declined. The gainers list had Corporation Bank, SBI, OBC, Bank of Baroda and Union Bank. Amongst Banking stock losers of the day are HDFC Bank, Bank of India, UTI Bank, Canara Bank and Punjab National Bank.

All cheers on the Sensex too. The BSE Sensex closed at 14,338.45 adding 120.34 points in todays trade. The Midcap and Smallcap indices too added marginally. IT and Capital Goods Sectoral indices have added over 2% points in todays trade. Banks and Consumer Durables indices closed marginally in the red.

Add commentMay 25th, 2007

Indian markets following Asian market trend; Open in red - May 25, 2007 - 10:15 AM

Following the trend seen in the Asian markets, the Indian stock markets continued to slip today. Lack of proper direction by US cues and failure of local markets to cheer up are believed to be the reason for the markets to slip today.

NIFTY is at 4169.10 and is down 0.85%. NIFTY JUNIOR is down by 0.62%, CNX IT down by 0.25%. BANK NIFTY is the worst effected so far having lost 1.19%. CNX 100 is down 0.83%.

Sensex is trading at 14,116.80 points and lost 101.31 points in the opening hours. The index is down 0.71%. Both Midcap and Smallcap indices too are in the red. Metal and FMCG are top the charts amongst sectoral losers on the Sensex.

Add commentMay 25th, 2007