Webinfosys's Stock Market News : End Market Session

After struggling for the whole day to come to the green territory, the bulls have finally made the market to end on a cheerful note. It seems to be terrific U turn for the market as it ended with heavy gain after opening with a deep gap. It recovered the losses and also made good gains before ending the trading session. The benchmark index Sensex hit the 20,000 level again but ended marginally below that mark. Further, NSE Nifty, which had slipped below 5700 levels climbed back in the last hour of trading and ended above 5900 level. This sudden recovery of the market is also attributed to the short covering done by the traders. All the indices made a smart recovery & finally ended in green. Atlast, the benchmark index Sensex ended up with the gain of 251.88 points at 19,976.23, whereas Nifty also closed with a gain of 65.95 points to close at 5,932.40. Further, BSE Midcap and BSE Smallcap also closed higher by 55.26 points and 95.82 points at 8,021.80 & 9,742.43 respectively. The market breadth stood flat with 1399 stocks on the advancing side and 1340 stocks on the decline side & 63 unchanged.

BSE Bankex stood as the top gainer for the day with the smart gain 389.84 points to close at 11,241.53. Scrips gained are State Bank of India (8.74%), Bank of Baroda (6.54%), Union Bank (5.92%), HDFC Bank (4.97%) & Allahabad Bank (3.59%).

BSE Capital goods stood in the second position with the gain of 245.22 points at 20,386.41. Pushed it up are Punj Lloyd up by (6.30%), Areva (5.97%), Kir Oil Engineering (5.54%), Lakshmi Machinery Works (3.37%) and Siemens (3.04%).

BSE Oil & Gas also shared the gaining rally with 196.59 points to close at 11,736.43. Scrips gained mainly are Essar Oil by (5.04%), RPL (2.88%), ONGC (2.70%), IOC (2.61%) and Cairn India Ltd (2.12%).

BSE Metal also gained 111.12 points to close at 17,693.66. Scrips surged are, Jindal Steel up by (4.59%), Jindal Stainless (1.56%), Tata Steel (0.98%) & Bhusan Steel (0.94%).

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Webinfosys's Stock Market News : Mid Market Session

The market is slipping in the red territory amidst concerns of global meltdown. The morning session witnessed selling pressure, as investors were concerned over the fall of US market. This has not only reduced the buying sentiment but also slowed the momentum that one could see a couple of days back. The cautiousness could be very well seen in the market as the benchmark index is trapped in the red territory. The Mid cap is lower by 34.61 points at 7,931.93 and small cap is flat with a marginal gain of 4.01 points to 9,650.62.

The overall market breadth looks negative as 1041 stocks are advancing while 1530 stocks are declining on BSE.

At 12.36 pm, BSE Sensex is low by 246.09 points at 19,478.26, while Nifty has lost 77.25 points at 5789.20.

BSE FMCG is gaining by 21.65 points at 2,059.85. Marico ltd, ITC and Colgate are gaining 4.03% at Rs. 72.30, 2.24% at Rs. 175.70 and 2.67% at Rs. 384 respectively. Marico ltd has recently acquired the consumer division of South Africa''s Enaleni Pharmaceuticals ltd for Rs. 52cr. The company is planning to enter the hair care market in South Africa.

BSE CG is paring 249.58 points at 19,891.61. The investors have started booking profit amidst the falling market. L&T, Siemens, and BHEL are down by 1.84% at Rs. 4,345, 2.54% at Rs. 1,801.1 and 1.48% at Rs. 2,622 respectively.

BSE Metal index is low by 193.72 points at 17,388.82. Jindal Steel has been gaining 2.27% at Rs. 12,380. Whereas Sesa Goa, Sterlite and Tata steel are low by 2.17%, 1.80% and 0.41% at Rs. 3,550, Rs. 1,008.90 and Rs. 881.50 respectively.

BSE Bankex is moving low by 75.12 points at 10,776.57. ICICI bank is low by 2.30% at Rs. 1,269 whereas HDFC and SBI are high by 0.33% at Rs. 1,681 and 1.95% at Rs. 2,111.15 respectively.

BSE Oil & Gas is moving low by 124.69 points at 11,415.15. GAIL and BPCL are low by 4.74% and 2.04% at Rs. 387.70 and Rs. 336 respectively.

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