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Tuesday, January 16, 2007

Marginal losses


In a listless trading session, the market displayed a range-bound trend with select bouts of buying and selling. The Sensex began the trading session with a positive gap of 16 points and moved up to touch an all-time high of 14211. The market soon lost ground and slipped below the 14100 mark to touch the day's low of 14071. The mood remained sluggish in the afternoon with a negative bias. The Sensex ended the session with marginal losses of 15 points at 14115. The Nifty was up two points and closed at 4080. Of the 2,673 stocks traded on the BSE, 1,289 stocks declined, 1,335 stocks advanced and 49 stocks ended unchanged.

Among the sectoral indices the BSE CG index advanced 1.02%. The BSE Auto index, the BSE CD index and the BSE Bankex were marginally in positive territory. On the other hand the BSE Metal index shed 1.17%. The BSE Oil & Gas index, the BSE PSU index, the BSE FMCG index, the BSE HC index and the BSE IT index finished in negative territory.

Among the major losers HDFC slipped 2.27% at Rs1,560, Hindalco shed 1.48% at Rs170, Reliance declined 1.29% at Rs1,347, Infosys was down 1.16% at Rs2,217 and SBI closed weaker by 1.04% at Rs1,209. However BHEL soared 1.67% at Rs2,259, ACC surged 1.61% at Rs1,101, Wipro added 1.55% at Rs637, L&T was up 1.37% at Rs1,520, Bharti Airtel gained 1.35% at Rs670, Tata Motors advanced 1.18% at Rs958 and Satyam Computers gained 1.04% at Rs506.

Lumax Auto Technology made its debut on the BSE today. The stock opened at Rs75 and touched and intra-day high of Rs142.10. The scrip closed at Rs110.60, up 46% from its opening price.

Banco Products at Rs344.15, Bhushan Steel at Rs414, SAIL at Rs101.10, Flex Industries at Rs234.85, Mysore Cement at Rs71.75 and Rain Commodities at Rs208 touched new all-time highs on the BSE.

Over 4.15 crore IFCI shares changed hands on the BSE followed by Reliance Natural Resources (3.58 crore shares), Harig Cranks (1.10 crore shares) and Aftek (99.39 lakh shares).

Value-wise TCS clocked a turnover of Rs66.92 crore on the BSE followed by Bajaj Auto (Rs53.32 crore), Reliance Communication (Rs50.99 crore) and Tata Steel (Rs40.18 crore).