Market closes in negative

The 30-share BSE Sensex opened at 19,128.86 and continued to trade in the negative terrain throughout the day. Selling pressure was witnessed in pivotal stocks across board. Finally, the Sensex ended the day on a negative note by touching an intraday low of 19,019.33.

Select stocks from auto, realty and IT led the advances while metal, power and banking stocks led the declines.

BSE Sensex closed with a loss of 119.81 points, or 0.62%, at 19,127.73 while the broad-based NSE Nifty closed at 5,698.15, down 33.55 points.

The BSE Midcap gained 0.11% while BSE Smallcap gained 0.28%.

Out of the total 2,843 stocks traded at the BSE, 1,299 advanced, 1,478 declined, while 66 remained unchanged.

Amongst the sectoral indices, BSE Auto rose 0.99%, BSE Realty gained 1.24%, BSE IT gained 0.23%, while BSE Bankex declined 0.90%, BSE Metal declined 1.03% and BSE Power declined 0.67%.

Global Markets

Asian markets declined for the first time in 3 days on Tuesday (Nov. 27, 2007) following the US market.

Movers and Shakers

Gainers at the BSE Sensex include BHEL, which rose 2.60% to close at Rs 2672.95, followed by Bajaj Auto which rose 2.54% to Rs 2653.05, and SBI rose 1.38% to end the day at Rs 2273.25. TCS, Wipro, Tata Motors, DLF, Ambuja Cement and Grasim also moved up.

Laggards at the BSE Sensex were Bharti Airtel which declined 3.32% to close at Rs 916.50, ICICI Bank declined 2.18% to Rs 1132.40 and Reliance Energy declined 1.91% to finish at Rs 1755.45. Maruti, NTPC, Hindalco, ACC and Reliance Industries also slipped.

Top Volumes

Ashok Leyland topped the volume chart with 21,223,979 shares followed by Ispat Industries with 13,507,610 shares and Reliance Energy with 12,271,869 shares. IDBI, MRPL and IDFC were amongst the other gainers.

Top Turnover

Reliance Petroleum topped the turnover chart with 2,427.5 million followed by Jindal Steel with 1,859.5 million.

New Listing:

Adani Group promoted Mundra Port and Special Economic Zone (MPSEZL) after listing on bourses today closed at 118.57% premium on the Bombay Stock Exchange (BSE).

Shares opened at a premium of Rs 330, or 75%, at Rs 770 as compared with the issue price of Rs 440 a share. It touched a high of Rs 1,150, a low of Rs 770. Shares finally closed with a premium of Rs 521.7, or 118.57%, at Rs 961.7. Total volume of shares traded was 14,721,792.