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Markets take volatile trading route today, closes positive - April 26, 2007

April 26th, 2007

Volatile is back into action as the markets failed to take a single direction path today. The stock markets opened positive in the morning but began to loose points for the first one hour or so before taking the route towards positive direction by noon. Selling is evident by 2:00 Noon though the markets recovered back promptly by closing time.

Nifty closed at 4177.85 and is up 0.25%. CNX IT is up 0.44% while Bank Nifty is up 0.08%.

Top Nifty gainers of the day are HPCL, GAIL, BPCL, Siemens, Suzlon, Grasim, Bajaj Auto, MTNL, HLL and L&T. Top Nifty losers of the day are HCL Tech (-2%), Hero Honda, Tata Steel, ONGC, Reliance, Dabur, Glaxo, Satyam Computers, HDFC and Gujarat Ambhuja.

On the CNX IT, 6 scripts advanced and 14 declined. Gainers include IFlex (+3.3%), TCS, Wipro (both +2%), Mastek and Tech Mahindra (marginally positive). Top losers include Finantech (-5%), Hexaware, Moser Baer (both -3%), HCL Tech and Subex (both -2%).

The BSE Sensex closed the day 14,228.88 points having gained 11.11 points or 0.08%. Midcap index is down 0.30% while Smallcap index is down 0.82%. Consumer Durables sectoral index is down while Capital goods index is up. Other indices are marginally up or down.

Top Sensex gainers are Vijaya Bank, Visual Soft, Neyveli Lignite, Indus Ind Bank, Indian Overseas Bank, Engineering India, HPCL, IBP, Mangalore Refineries and J&K Bank. Top Sensex losers of the day are Ramco System, Alok Industries, Infra Dev Fin, Jindal Saw, Exide Industries, Hexaware Ltd, ICI India, Parsvnath, Godrej Cons and Shipping Corp.

Stock Call of the day: Market experts say Siemens looks good for a 6 - 8 month term.

USD/INR is at 40.96

Entry Filed under: Equity Markets, Closing Bell