Market Update 3/15/2007

The markets ended on a disappointing note giving up all their gains it had posted during the earlier part of day despite a strong bounce back in markets across Asia. Asian markets ended with gains of around 1-1.5%. The European markets also opened in the positive terrain. Nifty clung onto 3700 levels during the initial trades but slipped as day advanced. Even the midcap index ended flat the breadth also worsened with the increase in declines.

Sensex closed up 14.23 points or 0.11% at 12543.85, and the Nifty up 2.50 points or 0.07% at 3643.6.

About 1438 shares have advanced, 1077 shares declined, and 68 shares are unchanged.

The BSE Small Cap Index closed at 6,368.18 up 44 points or 0.77%.

The BSE Midcap Index ended at 5,280.79 up 34 points or 0.66%.

The BSE FMCG Index gained 1.9% at 1,777.38. P and G, ITC, United Spirits, Dabur India closed in green.

The BSE Metal Index was up 0.8% to close at 8,927.98. Hind Zinc, NALCO, SAIL, Sterlite Ind, JindalStainless were among the gainers.

The BSE Bankex was down 1.6% at 6,694.82. Canara Bank, SBI, Bank of India, Bank of Baroda, PNB moved downwards.

The BSE Health Care Index ended higher by 0.3% at 3,613.07. Biocon, Dr Reddys Labs, Orchid Chemical, Ipca Labs, Matrix Lab closed higher.

The BSE Capital Goods Index was down 0.7% at 9,145.74. Thermax, BHEL, ABB, Bharat Elec, Alfa Laval ended lower.

The BSE Auto Index closed at 5,305.07 down 1.13%. Tata Motors, Bajaj Auto, Exide Industrie, Cummins, Sundaram-Clayton were among the losers.

The BSE IT Index closed at 5,172.40 up 1.4%. Infosys, HCL Info, Mphasis, TCS ended strong.

The BSE Oil and Gas Index closed at 6,483.67 down 0.7%. Chennai Petro, Petronet LNG, ONGC, BPCL ended in red.

The NSE cash turnover was at Rs 7771.05 crore and the NSE F&O turnover was at Rs 26715.87 crore. The BSE cash turnover was Rs 3826.13 crore. Total market wide turnover was at Rs 38313.05 crore.

Markets Today:

Market gives up early gains to close flat
Sensex ends up 14 points at 12543.85; loses nearly 250 points from days high
Nifty ends almost flat at 3643.6; loses nearly 70 points from days high
BSE Bank Index down 1.23%; SBI down 2.7%, PNB, HDFC Bank down 1.56%
BSE Auto Index down 0.73%; Tata Motors down 2.4%, Bajaj Auto down 1.5%
BSE IT Index up 1.88%; Infosys up 3%, TCS up 1.71%, Wipro up 1.3%
Index Gainers; DRL up 3.70%, ITC up 3%, MTNL up 2.6%
Index Losers; HDFC down 2.77%, Suzlon down 2.7%, ACC down 2%
CNX Midcap Index ends nearly flat; Bank of Rajsathan up 20%, IndusInd Bank up 3%
BSE Small-cap Index up 0.70%; led by new listings
Evinix Accessories, Cinemax up 5% each, Braodcast Initiatives up 3%NSE Advance Decline up 8:5
Total market turnover at Rs 38313.05 cr Vs Rs 44,939.92 cr