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Markets close flat - April 11, 2007

April 11th, 2007

Trade in the stock markets went rather dull, flat and range bound today. NIFTY closed at 3862.65 (+0.38%) while Sensex lost 6.30 points to close at 13,183.24

Nifty Junior closed at 6940.55 and is down 0.40%. CNX 100 closed at 3740.15 and is up 0.27%. Both CNX IT and Bank Nifty closed marginally in the red.

On the BSE, the Midcap index added 55.55 points while Smallcap index added 54.77 points in the days trade. BSE 100, 200 and 500 barely closed in the green. Sectorally, Bankex, FMCG, Health Care and IT closed in the red. Metal stock continued their sequel of outsmarting other indices. The Metal index added 330.86 points and closed +3.68%. Capital goods was the other index that closed in reasonably green by adding 1.11%.

Major gainers on the BSE include Geometric Software, Welsp Gujarat, Suzlon Energy, National Aluminium, Punj Lloyd, Sterlite Industries, Str Optical, Great Eastern, Syngenta and DLink. BSE losers of the day include Jet Airways that lost 35.95 points followed by UTI Bank, IGate Global, Ranbaxy, Zee Entertainment, Finolex Cables, CMC Ltd, Dr. Reddys, BPCL and Kotak Bank.

On the NSE Nifty, top gainers charts are lead by National Alumnium, Suzlon, Sterlizte, Hindalco, SAIL, Tata Power, Reliance Petrol, Tata Steel, GAIL and BHEL. The losers list was lead by Ranbaxy, BPCL, Dr. Reddy, HPCL, Zee Limited, ACC, HDFC, Hindustan Leaver, Gujarat Ambhuja Cements and Reliance Communications.

On the Bank Nifty, 2 stocks advanced, 9 declined and 1 remained unchanged.  Top losers in the index are Bank of India (-2.2%), Canara Bank (-0.23%) and HDFC Bank (-1.27%)

On the CNX IT, 7 stocks advanced and 13 declined. IT Toppers in the index are Polaris (+4%), Tata Elxsi (+3%), GTL (+2%), Subex and Mastek (both +1%). Moser Baer that closed positive yesterday was in red today. The script lost 2.44% and closed at 325.35. Other top stocks in the losers list are CMC, Satyam Computers, HCL Tech and FinanTech.

Entry Filed under: Equity Markets