labels: markets - general
Market update: Sensex down 44 points; Infosys adds 2 per cent news
12 April 2007


Indices are nearly unchanged from their morning levels and are moving within a narrow band. Other Asian markets are mixed in closing trades while Europe has opened lower.

Sensex is trading lower by 44 points at 13139 at 01.10 PM.

Nifty is now trading lower by 23 points at 3840.

ONGC is now trading nearly 2.5 per cent lower while Gail India is down 2 per cent.

Zee Entertainment is the worst performer among Nifty stocks with losses of over 2.5 per cent.

HDFC remains weak by more than 2.5 per cent while HDFC Bank is trading 2 per cent lower.

Maruti is the worst performer among autos, with losses of nearly 2.5 per cent while Hero Honda is down more than 1.5 per cent.

PNB is still down nearly 2 per cent.

Nalco and Cipla are the other major Nifty losers.

Infosys has gained further after a firm start and is now trading well over 2 per cent higher. HCL Tech has added a per cent and TCS has gained over 0.5 per cent.

Bajaj Auto remains the best performing Nifty stock with gains of nearly 3 per cent.

Dabur is holding on to gains of close to a per cent while HLL is trading nearly 0.5 per cent higher.

MTNL, Suzlon, Dr. Reddy and Siemens are the other gainers.

Mid-caps and small caps are also more or less unchanged from their morning levels. The NSE mid-cap index is now trading with losses of over 0.1 per cent. BSE mid-cap index is trading with gains of close to 0.2 per cent and the BSE small-cap index is holding on to gains of 0.2 per cent.

Orbit Corporation, which got listed on the exchanges today, has gained further. The stock is now trading at Rs131.5 against an issue price of Rs113 per share.

Air Deccan is now trading nearly 8.5 per cent higher on expectations that the proposed Air Sahara acquisition by Jet Airways would lift the valuations of smaller airline stocks.

Federal Moghul Goetze, XPro India, Action Construction, Jagran Prakashan, REI Agro, Pudumjee Pulp, Usha Martin and FCI OEN Connectors are the other major mid-cap gainers.

Banswara Syntex, JMT Auto, Rajvir, AI Champdany, IFB Agro, Wire and Wireless, PTL Industries, Supreme Yarn, Bharat Gear and Micro Technologies are the major mid-cap losers.


also see : Other reports by Rex Mathew
Other reports by Rex Mathew

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Market update: Sensex down 44 points; Infosys adds 2 per cent