Market Update 2/26/2007

The markets opened on strong note today but slipped in early trade. It traded under pressure throughout the day on the back of selling pressure across the board and witnessed deep crack of over 200 points in last one hours trade but saw splendid recovery to close in green with moderate gains.

The Sensex ended up 16.99 points or 0.12% at 13649.52, and the Nifty closed up 3.05 points or 0.08% at 3942. About 1203 shares had advanced, 1296 shares declined, and 46 shares were unchanged.

Markets Today:

- Markets bounce back from days low amid volatile session
- Sensex up 17 points at 13650; recovers 267 points from days low
- Nifty ends flat; recovers 86 points from days low
- BSE Metal Index up 2.52%; Tata Steel up 2.12%, Nalco up 2%, SAIL up 1.8%
- BSE Bank Indices up 1.10% each; SBI up 2.85%, PNB up 5.22%
- Cement stocks in focus; Guj Amb up 3.45%, ACC up 3%, Grasim up 3%
- CNX Midcap Index up nearly 1%; IVRCL up 9.4%, Rolta up 5.70%, Century Textile up 5.24%
- BSE Small-cap Index up ends flat; dragged by recent listings
- Recent listings; Pochiraju Ind down 7.34%, GBN down 4.5%
- New Listings: C& Construction close at Rs 241.45 Vs listing price of Rs 279 (Issue Price at Rs 291)
- New Listings: Transwarranty Finance close at Rs 47.45 Vs listing price of Rs 57 (Issue Price at Rs 52)
- NSE Advance Decline ratio at 1:1
- Total market turnover at Rs 47560.86 cr Vs Rs 50895.3 cr on Friday