ibnlive » Business

Jul 16, 2007 at 11:21pm IST

Markets end flat; IT, FMCG, pharma stocks disappoint

New Delhi: It was a quiet day for the markets wherein it opened with marginal gains and remained rangebound for major part of the day and shut shop on flat note. It was disappointing day for the IT, pharma, FMCG and capital good stocks but realty, banking, consumer durable and metal space managed to attract decent buying interest on Monday.

Market breadth was slightly in favour of advancing stocks. Sensex was up 38.50 points or 0.25 per cent at 15311.22, and the Nifty up 7.60 points or 0.17 per cent at 4512.15.

About 1453 shares have advanced, 1191 shares declined, and 57 shares are unchanged. The BSE Midcap Index ended at 6,834.55 up 39 points or 0.6 per cent. The BSE Smallcap Index ended at 8,280.58 up 64 points or 0.80 per cent.

MARKET PULSE: Market breadth was slightly in favour of advancing stocks on Monday.

The BSE Bankex was up 1.3 per cent at 8,386.65. Allahabad Bank, Union Bank, Andhra Bank, Bank of Baroda, IOB, Kotak Mahindra moved upwards. The BSE Capital Goods Index was down 0.40 per cent at 13,007.01. BEML, Kalpataru Power, Thermax, Carborundum, BHEL, Praj Industries closed lower.

The BSE Health Care Index was down 0.9 per cent at 3,814.80. Glenmark, Ranbaxy Labs, Novartis India, Sun Pharma , Sterling Bio closed lower. The BSE Auto Index closed at 5,080.79 up 0.4 per cent. Bajaj Auto, Hind Motors, MRF, Apollo Tyres, Hero Honda, Ashok Leyland closed higher.

The BSE Metal Index closed at 12,090.98 up 0.8 per cent. Shree Precoated, NALCO, Hindalco, Mah Seamless, Jindal Saw higher. The BSE FMCG Index closed at 1,846.03 down 1 per cent. United Brewerie, ,HUL, GlaxoSmith Con, P and G, Colgate closed higher.

BSE Oil and Gas Index closed at 7,869.77 up 0.6 per cent. Reliance Natura, GAIL, ONGC, Petronet LNG ended in green. The BSE IT Index lost 1% at 4,848.27. Mphasis, Wipro, Satyam, HCL Tech, Financial Tech closed lower. The NSE cash turnover was at Rs 11499.51 crore and the NSE F&O turnover was at Rs 38884.18 crore.

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