Date : Dec-19-2008 10:41
The markets today open marginally lower on the back of weak cues from the global markets. The crude has slipped below the 4 year low to $36 per barrel in NYMEX. The selective buying is seen among the Realty, Consumer Durables, Metal, Pharma and Auto stocks,. However, the Oil & Gas and IT stocks are facing the selling heat in the early trade. The BSE Mid Cap and the Small Cap are also trading higher with a gain of around 1% each in the opening trade.
The BSE Sensex is now trading above the 10,000 mark and the NSE Nifty trading around the 3,050 mark.
The Asian markets are also trading mixed as Shanghai Composite, Strits Times and Seoul Composite index are trading higher by (0.05%), (1.05%) and (0.53%) while Hang Seng and Nikkei index are trading lower by (0.77%) and (0.40%) respectively.
The US stock market on Thursday closed lower on the back of sharp decline in the energy-related shares, after the price of crude fell to four-year lows. The crude prices have tumbled below the $37 per barrel. Further the statement from two of the nation''s Big Three automakers about the halting of production also added to the sentiments. The Dow Jones Industrial Average (DJIA) dropped by 219.35 points to close at 8,604.99. The NASDAQ Composite (RIXF) index decreased by 26.94 points to close at 1,552.37 and the S&P 500 (SPX) fell 19.14 points to close at 885.28.
Tata Steel reported a top gainer among the BSE Sensex pack up by (4.50%) at Rs. 232.10 while ONGC the top loser down by (4.76%) at Rs. 698.
The overall market breadth remains positive as 966 stocks are advancing while 417 stocks are declining on BSE.
At 10.33AM, the BSE Sensex was down by 12.38 points at 10,064.05 and the Nifty was marginally up by 0.75 points to 3,061.50.
The BSE Mid Cap increased by 40.14 points to 3,244.70 and the BSE Small Cap advanced by 31.80 points to 3,743.75.
BSE Realty index is trading higher by 74.42 points or (3.26%) to trade at 2,358.41. The top gainers are Unitech increased by (6.56%) to Rs.40.60, Sobha Developers up by (5.14%) to Rs.113.50, Ansal Infra inclined by (4.52%) to Rs.37 followed by Parsavnath grew by (4.51%) to Rs. 48.65.
BSE Metal index is trading higher by 112.57 points or (2.07%) to trade at 5,540.76. The major gainers are JSW Steel inclined by (5.68%) to Rs. 240.90, Tata Steel up by (4.48%) to Rs.232.05, Jindal Saw increased by (4.47%) to Rs.247.95 followed by Sterlite Industries grew by (3.84%) to Rs.281.30.
The markets today open marginally lower on the back of weak cues from the global markets. The crude has slipped below the 4 year low to $36 per barrel in NYMEX. The selective buying is seen among the Realty, Consumer Durables, Metal, Pharma and Auto stocks,. However, the Oil & Gas and IT stocks are facing the selling heat in the early trade. The BSE Mid Cap and the Small Cap are also trading higher with a gain of around 1% each in the opening trade.
The BSE Sensex is now trading above the 10,000 mark and the NSE Nifty trading around the 3,050 mark.
The Asian markets are also trading mixed as Shanghai Composite, Strits Times and Seoul Composite index are trading higher by (0.05%), (1.05%) and (0.53%) while Hang Seng and Nikkei index are trading lower by (0.77%) and (0.40%) respectively.
The US stock market on Thursday closed lower on the back of sharp decline in the energy-related shares, after the price of crude fell to four-year lows. The crude prices have tumbled below the $37 per barrel. Further the statement from two of the nation''s Big Three automakers about the halting of production also added to the sentiments. The Dow Jones Industrial Average (DJIA) dropped by 219.35 points to close at 8,604.99. The NASDAQ Composite (RIXF) index decreased by 26.94 points to close at 1,552.37 and the S&P 500 (SPX) fell 19.14 points to close at 885.28.
Tata Steel reported a top gainer among the BSE Sensex pack up by (4.50%) at Rs. 232.10 while ONGC the top loser down by (4.76%) at Rs. 698.
The overall market breadth remains positive as 966 stocks are advancing while 417 stocks are declining on BSE.
At 10.33AM, the BSE Sensex was down by 12.38 points at 10,064.05 and the Nifty was marginally up by 0.75 points to 3,061.50.
The BSE Mid Cap increased by 40.14 points to 3,244.70 and the BSE Small Cap advanced by 31.80 points to 3,743.75.
BSE Realty index is trading higher by 74.42 points or (3.26%) to trade at 2,358.41. The top gainers are Unitech increased by (6.56%) to Rs.40.60, Sobha Developers up by (5.14%) to Rs.113.50, Ansal Infra inclined by (4.52%) to Rs.37 followed by Parsavnath grew by (4.51%) to Rs. 48.65.
BSE Metal index is trading higher by 112.57 points or (2.07%) to trade at 5,540.76. The major gainers are JSW Steel inclined by (5.68%) to Rs. 240.90, Tata Steel up by (4.48%) to Rs.232.05, Jindal Saw increased by (4.47%) to Rs.247.95 followed by Sterlite Industries grew by (3.84%) to Rs.281.30.
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