labels: Markets
Market ends lower: Banks, metal underperform news
28 November 2007

The markets were quiet and ended the day lower on selling seen in heavies from bank and metal indices. The cues from global peers were not very encouraging as most of the Asian indices ended in red. All the key BSE indices other than IT, realty and auto ended in red.

Essar Oil, Deccan Aviation, Ashok Leyland were among the top gainers in the midcap space. In the media space multiples stocks like PVR, Cinemax ended higher. Sugar stocks like Balrampur Chini, Bajaj Hindustan closed in green.

Broader markets outperformed the frontline indices. BSE midcap index ended flat and the smallcap index closed marginally in green.

On the primary market front, Mundra Port had a bumper listing the stock was hovering around Rs 1000 levels and ended at around Rs 959.

 
PSU oil refinery stocks were trading firm and both HPCL and BPCL were up nearly 3%.

BHEL, SBI, Bajaj Auto, Tata Motors were among the gainers.

Top losers on the Sensex are ICICI Bank, Bharti Airtel, Maruti Suzuki, HDFC Bank, Reliance Energy.

Sensex was down 119.81 points or 0.62% at 19127.73, and the Nifty down 33.55 points or 0.59% at 5698.15.

About 1426 shares have advanced, 1571 shares declined, and 81 shares are unchanged.

The BSE Midcap Index ended at 8,393.49 up 0.11%.

The BSE Smallcap Index ended at 10,372.07 up 0.3%.

The BSE Bankex was down 1% at 10,495.46. Federal Bank, ICICI Bank, Kotak Mahindra, Centurion Bank, HDFC Bank, Bank of Baroda closed in red.

The BSE Capital Goods Index closed flat at 19,752.73. Kirloskar Bros, Crompton Greave, Gammon India, Kalpataru Power, Punj Lloyd closed lower.

The BSE Auto Index closed at 5,348.21 up 1%. Ashok Leyland, Apollo Tyres, Escorts, TVS Motor, Exide Ind, closed higher.

The BSE Metal Index closed at 17,344.05 down 1.03%. Jindal Steel, Jindal Saw, Hindalco, Sesa Goa closed lower.

The BSE FMCG Index closed down 0.2% at 2,141.39. United Brewerie, Bata India, Colgate, GlaxoSmith Con, Tata Tea ended lower.

BSE Oil and Gas Index closed at 12,197.00 down 0.2%. Reliance Petro, Reliance Natura, Reliance, ONGC ended lower.

The BSE IT Index was at 4,107.48 up 0.2%. I-Flex Solution, TCS, Wipro, Tech Mahindra, Patni Computer closed higher.

The NSE cash turnover was at Rs 16376.62 crore and the NSE F&O turnover was at Rs 75192.11 crore. The BSE cash turnover was Rs 7245.11 crore. Total market wide turnover was at Rs 98813.84 crore.

Asian markets were down today. Hong Kong''''s Hang Seng tumbled 3.23% or 891.33 points at 26,735.29, Japan''''s Nikkei slipped 2.12% or 320.34 points at 14,814.87, Taiwan''''s Taiwan Weighted plunged 3.18% or 271.02 points at 8,257.31, Singapore''''s Straits Times declined 2.28% or 78.05 points at 3,340.53 and South Korea''''s Seoul Composite dropped 2.71% or 50.34 points at 1,804.99.


 search domain-b
  go
 
Market ends lower: Banks, metal underperform