Wednesday, November 28, 2007

Market trades weak

The 30-share benchmark, BSE Sensex slipped into the negative terrain on back of heavy selling pressure in heavyweights in the previous trading hour. Currently the index is trading weak.

All sectors were trading in the negative except auto stock.

BSE Sensex is trading at 18,926.67, down 201.06 points, while NSE Nifty is trading at 5,609.40, down 88.75 points (3.02 p.m.)

The BSE Midcap declined 0.02%, while BSE Smallcap rose 0.26%.

Out of the total 2,854 stocks traded at the BSE, 1,428 advanced, 1,355 declined, while 71 remained unchanged.

Amongst the sectoral indices, BSE Auto rose 0.59%, while BSE IT declined 0.54%, BSE Power declined 0.88%, BSE Bankex dipped 0.78%, BSE Realty declined 1.43%, BSE Metal declined 1.64%.

Leaders at the BSE Sensex were BHEL which rose 2.74% to Rs 2726.00, Maruti rose 2.41% to Rs 960.10 and Bajaj Auto rose 1.97% to Rs 2,705.30. ITC, ICICI Bank, Ambuja Cement and Tata Motors Infosys also moved up.

Laggards at the BSE Sensex include ACC which declined 3.59% to Rs 1,072.05, Hindalco declined 2.85% to Rs 185.90 and Reliance Energy declined 2.59% to Rs 1,710.00. Tata Steel, TCS, HDFC Bank, DLF, ONGC and Reliance Industries also slipped.

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