Selling pressures across the board has made the markets today to end in the red once again. Sensex lost 333.3 points and closed at 17,758.64 down by 1.84%. Nifty ticked 5167.60 points by closing bell and is down 2.14%
Sensex Midcap and Smallcap indicex too closed in the red by about 2.40% and 2.22% respectively. Looking at sectors, Oil & Gas suffered the most as the BSE sectoral index is down 4.45%. In fact, all the sectoral index on BSE closed in the red with Health Care, IT and Metal sectoral indices taking the least of the beating.
Top Nifty gainers of the day include Sun Pharma, Zee Limited, BHEL, SAIL, Tata Steel, Ambuja Cements, ACC, PNB, HDFC and Tata Power.
Top Nifty losers of the day include Suzlon, Hindustan Unilever, Reliance Petrol, Reliance Energy, BPCL, VSNL, ONGC, NTPC, Reliance Communication and Bajaj Auto.
January 30th, 2008
The Indian Stock markets took a volatile opening this morning. Nifty is down 0.21% while Sensex is down 0.26%. BSE Midcap and Smallcap indices are marginally in the red. Bank Nifty is up 0.52%. PSU and Reality sectoral indices on the BSE are in the green.
Public Sector banks are getting good buying considering that the valuation of most of the banking stocks came back to attractive levels. Bank of Baroda, Union Bank of India, Canara Bank are up 2%, State Bank of India and Bank of India are up 1.4%. Private sector banks Kotak Bank, Axis Bank and ICICI Bank are marginally in the red.
Information Technology stocks are taking a mixed opening. Infosys, Satyam, Wipro and HCL are partially in the red while TCS is firm and is up 0.13%
Top Sensex gainers in the first few trades are State Bank of India, Grasim Industries, DLF, Hindustan Unilever, TCS, HDFC Bank, Wipro, NTPC, Tata Motors and BHEL.
Top Sensex losers in the first few trades are Bajaj Auto, M&M, ONGC, Hindalco, L&T, ITC, Reliance Energy, Reliance, Infosys and Ambuja Cements.
January 30th, 2008