Market Update 2/27/2007

The markets ended in deep red on the budget eve due to selling pressure in stocks across sectors. All the BSE sector indices closed in red. Heavy selling was seen in banking, auto, FMCG and IT stocks.

In the auto sector two wheeler majors Hero Hinda ands Bajaj Auto were the top losers and in the banking sector ICICI Bank and OBC were the major losers.

Sensex closed down 170.69 points or 1.25% at 13478.83, and the Nifty down 48.10 points or 1.22% at 3893.9.

About 1274 shares have advanced, 1190 shares declined, and 54 shares are unchanged.

The BSE Small Cap Index closed at 6,918.29 up 24 points or 0.35%.

The BSE Midcap Index ended at 5,706.40 up 10 points or 0.17%.

The BSE FMCG Index lost 1.9% at 1,777.38. United Spirits, Nirma, ITC, Tata Tea, HLL closed in red.

The BSE Metal Index was down 0.8% to close at 8,927.98. NALCO, Jindal Saw, Sesa Goa, Sterlite Ind, Mah Seamless, Hindalco were among the losers.

The BSE Bankex was down 1.6% at 6,694.82. Oriental Bank, ICICI Bank, PNB, SBI, IOB moved downwards.

The BSE Health Care Index was plunged 0.3% at 3,613.07. Divis Labs, Sun Pharma, Ipca Labs, Matrix Lab, Aventis Pharma closed lower.

The BSE Capital Goods Index was down 0.7% at 9,145.74. Greaves Cotton, Lakshmi Machine, Siemens, Larsen, Alstom Projects ended lower

The BSE Auto Index closed at 5,305.07 down 1.13%. Hero Honda, Bajaj Auto, Sundaram-Clayto, Escorts, Tata Motors were among the losers.

The BSE IT Index closed at 5,172.40 down 1.4%. Satyam, Wipro, TCS, HCL Tech, Infosys ended weak.
The BSE Oil and Gas Index closed at 6,483.67 down 0.7%. ONGC, BPCL, Reliance Natura, GAIL ended in red.

The NSE cash turnover was at Rs 8141.93 crore and the NSE F&O turnover was at Rs 31766.48 crore. The BSE cash turnover was Rs 4009.88 crore. Total market wide turnover was at Rs 43918.29 crore.