Market ends choppy

Posted By: Staff
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Mumbai, Mar 19: The market ended in the green on Thursday, Mar 19 after flip-flopping between positive and negative terrain through the day. The positive
opening on European bourses helped boost sentiment in the last hour of trade.

Bombay Stock Exchange"s Sensex settled at 8,995.89, up 19.21 points or 0.21 per cent. The index swung in a 100-point band through the day.

National Stock Exchange"s Nifty rose 0.34 per cent or 9.4 points to 2804.10. The index moved in a range of 2822.25 and 2771.35.

BSE Midcap Index ended 0.45 per cent higher and BSE Smallcap Index was up 1.08 per cent.

Larsen & Toubro (-4.14pc), BHEL (-3.15pc), Tata Motors (-2.75pc), Reliance Communications (-2.03pc) and Mahindra & Mahindra (-1.8pc) remained under pressure.

Sterlite Industries (4.18pc), HDFC (2.53pc), Tata Consultancy Services (1.62pc), Maruti Suzuki (1.7pc) and Sun Pharmaceuticals (2.33pc) posted modest gains.
4.06 PM

Stocks edge lower; capital goods under pressure
Key indices slipped into the negative terrain after inflation dropped to a historic low. Capital goods, metals and FMCG were under
pressure. Realty and technology stocks too pared gains but were still holding up.

At 1:25 pm, Bombay Stock Exchange"s Sensex was down 0.54 per cent or 48.53 points at 8,928.15. The index fell to a low of 8,925.33 from a high of 9,086.77 in trade so far.

National Stock Exchange"s Nifty fell 0.45 per cent or 12.6 points to 2782.10. The index moved in a range of 2822.25 and 2772.80.

BSE Midcap Index was up 0.22 per cent and BSE Smallcap Index was up 0.66 per cent. Biggest Sensex gainers were Sun Pharmaceuticals (2.47pc), Tata Consultancy Services (1.61pc), Infosys Techonologies (1.33pc), Maruti Suzuki (1.16pc) and HDFC (0.98pc).

Tata Steel (-3.23pc), BHEL (-2.99pc), Tata Motors (-2.86pc), Hindustan Unilever (-2.69pc), Hindalco Industries (-2.66pc) and HDFC Bank (2.33pc) posted losses.

Market breadth on BSE showed 1192 advances against 1062 declines.

Market firm; midcap IT stocks buzzing

The market opened on a firm note on Thursday and held onto gains. Realty stocks continued their upmove, followed by consumer durables
and technology stocks. However, FMCG stocks edged lower. But secondline stocks outperformed frontline counters.

At 10:45 am, Bombay Stock Exchange"s Sensex was up 1.05 per cent or 94.15 points at 9,070.83. The index touched a high of 9,086.77 after opening at 9086.77.

National Stock Exchange"s Nifty rose 0.8 per cent or 22.3 points to 2817. The index moved in a range of 2822.25 and 2796.25 so far.

The broader market gathered momentum; the midcap IT space was in the limelight. The BSE Midcap and Smallcap indices climbed 1.48 per cent and 1.7 per cent respectively.

The biggest gainers in the midcap space were Mindtree (34.17pc), Tulip Telecom (18.77pc), Essar Shipping (12.84pc), Godrej Industries (11.67pc) and Kalpataru Power (11.31pc).
11.40 AM

Stocks open higher; banks lead

Equities opened higher on Thursday, Mar 19 after the overnight rally on Wall Street. Consumer durables and banking stocks led the upmove.

Bombay Stock Exchange"s 30-share Sensex was up 46.36 points at 9023. National Stock Exchange"s benchmark Nifty climbed 17.50 points to 2812.20 from Wednesday, Mar 18 close.

The Dow Jones Industrial Average gained 90.88 points, or 1.23 per cent, to 7,486.58. The Standard & Poor's 500 Index advanced 16.23 points, or 2.09 per cent, to 794.35. The Nasdaq Composite Index rose 29.11 points, or 1.99 per cent, to 1,491.22.

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