Webinfosys's Stock Market News : Post Session Market

The market ended with humble loss after facing a dwindling situation at the initial stage of the trading session as a result of which the trading was suspended for an hour within few minutes of the start. At last the BSE Sensex closed lower by 336.04 points at 18,715.82 and Nifty fell 108.75 points to close at 5559.30. The market got the momentum to cover up most of the looses after the statement by Finance minister that there is no proposal for the banning of participatory notes. Also the SEBI''s chairman also later comment that the Participatory notes are not being banned. Only the IT index ended on a positive note but Metal, bank PSU and reality index declined drastically. The market created a history with a fall of more than 1700 points in a single day. Overall, the market breadth was weak as 1,757 stocks closed lower while 922 stocks closed higher. The BSE Mid Cap and Small Cap closed lower by 181.73 points and 154.55 points at 7,600.94 and 9,201.58 respectively.

BSE Bankex index fell 366.52 points to close at 9,607.61. Pulling it down are BOI (6.38%), Allahabad bank (6.65%), SBI (4.98%), ICICI bank (3.45%), HDFC bank (2.99%) closed lower.
The Reality index slipped by 356.19 points to close at 9,831.12. Drifting it down are Omaxe ltd (7.91%), HDIL (7.65%), Sobha developers (5.63%), Parsvnath (5.83%) and Unitech (3.51%) closed in negative.

BSE Metal index closed lower by 436.87 points at 15,719.80. Pulling it down are JSW steel (6.40%), Jindal stainless (5.37%), Nalco (5.09%), Tata steel (4.19%) and SAIL (1.90%) closed lower.

BSE Capital Goods index fell 289.40 points to close at 16,824.54 as BHEL (4.69%), Punj Lloyd (4.58%), Praj industries (3.86%), BEML (3.51%) and L&T (1.58%) closed in red.

The IT index grew by 47.40 points to close at 4,676.90 as TCS (2.53%), HCL tech (2.18%), Satyam (1.63%), I-Flex (1.46%) and Infosys (1.16%) closed in green.

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Webinfosys's Stock Market News : Mid Session Market

The market has recovered from day''s low but is till trading in the negative territory. The broad based selling continued across the board but the It stocks are trading marginally lower on the back of modest weakening of dollar. The BSE Sensex open with a deep cut of more than 1000 points The market toady open with a deep cut of more than 1000 points on the back of SEBI''s announcement to restrict on the issuance of participatory notes.

The overall market breadth is extremely negative as 478 stocks are advancing while 1857 stocks are declining and 34 stocks remained unchanged on BSE.

At 12.30 pm, BSE Sensex was at 18,294.23 down by 757.63 points and Nifty was at 5,432.70 down by 235.35 points. The Mid cap is lower by 299.49 points at 7,483.18 and the small Cap dropped by 282.12 points to trade at 9,074.01.

BSE Banks index dropped by 740.99 points to trade at 9,233.14. The major losers are SBI (8.20%), ICICI Bank (8.19%), PNB (5%) and HDFC Bank (4.84%).

BSE Metal index dropped 1,116.57 points to trade at 15,040.10. The major losers are Tata Steel (7.71%), NALCO (6.67%), Hindalco industries (6.06%), SAIL (5.56%) and Sterlite Industries (4.54%).

BSE Oil & Gas index was trading 509.86 points lower at 10,484.66 as GAIL (7.37%), ONGC (7.14%), RPL (4.89%), HPCL (3.72%) and BPCL (2.85%) are trading lower.

BSE Capital goods index slipped 1,047.48 points to 16,066.46. The main losers are Suzlon Energy (10.04%), BHEL (6.83%), L&T (6.46%), Siemens (4.48%) and ABB (3.84%).

BSE IT index down marginally by 1.15 points to trade at 4,627.94 as HCL Tech, (3.63%) and Wipro (2.06%) are trading lower whereas TCS (3%), Satyam (1.56%) and Infosys (0.64%) are trading higher.

BSE Auto index slipped 305.14 points to trade at 5,293.64. Leading to the declines are Tata Motors (5.97%), Maruti Suzuki (5.91%), Bajaj Auto (5.51%) and Hero Honda (3.45%).

BSE FMCG index fell 99.60 points to trade at 2,036.33 as ITC (5.91%) and HUL (3.29%) are trading lower.

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