Market Update 3/13/2007

The markets ended in green with decent gains after swinging between the red and the green territory. Asian markets ended weak and Nikkie was among the top loser losing around 113 points. Technolgy was among the leader in today's market both in midcap as well as frontline. Advances were mainatained higher against the declines throughout the day.

Select FMCG and pharma stocks were relatively weak in today's trading session. The midcap and smallcap indices outperformed the benchmark indices giving market healthy breadth. Newer listing like Mindtree, Parsvnath, First Source moved up further.

Sensex closed up 80.35 points or 0.62% at 12982.98, and the Nifty up 35.95 points or 0.96% at 3770.55.

About 1705 shares have advanced, 839 shares declined, and 82 shares are unchanged.

ONGC, M&M, Suzlon and ABB were among the major gainers.

Heavies like HLL followed by Ranbaxy and Reliance Enegy closed in red

Other than FMCG all the other BSE sector indices ended in green.

The BSE Smallcap Index ended at 6,434.87 up 117.2 points or 1.86%.

The BSE Bankex was up 1.01% at 6,538.68. UTI Bank, Union Bank, IOB, Canara Bank, PNB moved upwards.

The BSE Capital Goods Index was up 1.2% at 8,852.51. KEC Infrastruct, Praj Industries, Dredging Corp, ABB, Carborundum closed higher.

The BSE Health Care Index was up 0.9% at 3,521.97. Orchid Chemical, FDC, Glenmark, Divis Labs, Cipla closed higher.

The BSE Auto Index closed at 4,947.66 up 1%. Escorts, Mah and Mah, TVS Motor,Cummins, Tata Motors surged.

The BSE Metal Index closed up 1.07% at 8,227.89. Welspun Guj, JSW Steel, JindalStainless, Tata Steel, Guj NRE Coke advanced higher.

The BSE IT Index gained 0.7% at 5,036.51. Moser Baer, Mphasis, TCS, Satyam, HCL Info advanced.

BSE Oil and Gas Index closed gained 1.08% to close at 6,213.36. GAIL, ONGC, Chennai Petro, HPCL ended in green.

The BSE FMCG Index ended flat at 1,662.68.

The NSE cash turnover was at Rs 8125.02 crore and the NSE F&O turnover was at Rs 27434.3 crore. The BSE cash turnover was Rs 4177.96 crore. Total market wide turnover was at Rs 39737.28 crore.

Markets Today:

Markets end in green; selective buying witnessed in mid cap/ small-cap
Sensex up 0.62% or 80 points at 12983; Nifty up nearly 1% or 36 points at 3766.55
BSE Capital Goods Index up 1.22%; Suzlon Energy up 5%, L&T up 2.19%, ABB up 2.63%
BSE IT Index up 0.67%; Satyam up 3%, TCS up 2.46%
Index Gainers; M&M up 3%, GAIL up 2.74%, Tata Steel up 2.12%
Index Losers; HLL down 2%, Reliance Energy down 1.50%
CNX Midcap Index up 0.84% at 4732; led by midcap realty & tech stocks
Parsvnath Dev up 17%, Mah Gesco up 11.38%, Lanco, Akruti Nirman up 9.5% each
Rolta, MindTree Consulting up 12.5% each, Firstsource up 12.2%, NIIT Tech up 12%
BSE Small-cap Index outperforms major indices; up 1.85%
NSE Advance Decline ratio at 3:1
Total turnover at Rs 39737.28 cr Vs Rs 38,476.8 cr on Monday