Market Update 3/5/2007

The markets closed deep in the red in line with other global peers on account of concerns over Yen carry trade unwinding, fall in Chineses and other Asian markets and US mortgage market.

All BSE sector indices ended in negative terrain. Biggest pockets of weakness are capital goods, auto, metal, pharma and IT stocks. Auto and capital goods have seen the deepest cut.

Sensex closed down 471.09 points or 3.66% at 12415.04, and the Nifty down 150.25 points or 4.03% at 3576.5.

About 195 shares have advanced, 2335 shares declined, and 29 shares are unchanged.

The BSE Small Cap Index closed at 6,270.75 down 375 points or 5.6%.

The BSE Midcap Index ended at 5,194.40 down 272 points or 5%.

The BSE FMCG Index lost 3% at 1,701.36. Shaw Wallace, United Spirits, Tata Tea, Dabur India, Nestle closed in red.

The BSE Metal Index was down 4.6% to close at 8,036.49. JSW Steel, SAIL, JindalStainless, Welspun Guj, Jindal Steel, Tata Steel were among the losers.

The BSE Bankex was down 3.5% at 6,221.04. Canara Bank, Federal Bank, Oriental Bank, Union Bank, UTI Bank, IOB moved downwards.

The BSE Health Care Index was plunged 4.6% at 3,328.40. Nicholas Pirama, Matrix Lab, Divis Labs, Glenmark, Ranbaxy Labs closed lower.

The BSE Capital Goods Index was down 5.5% at 8,242.83. Praj Industries, KEC Infrastruct, Crompton Greave, Carborundum, SKF India ended lower

The BSE Auto Index closed at 4,755.96 down 5.2%. TVS Motor, Escorts, Ashok Leyland, M&M, Tube Investment, Apollo Tyres, Hind Motors were among the losers.

The BSE IT Index closed at 4,730.30 down 4.5%. Wipro, Moser Baer, Mphasis, Hexaware Tech, HCL Info ended weak.

The BSE Oil and Gas Index closed at 5,935.97 down 4.2%. MRPL, GAIL, HPCL, Reliance, Chennai Petro ended in red.

The NSE cash turnover was at Rs 8546.23 crore and the NSE F&O turnover was at Rs 33865.52 crore. The BSE cash turnover was Rs 3989.93 crore. Total market wide turnover was at Rs 46401.68 crore.

Markets Today:

• Markets plunge due to selling pressure; in line with global markets
• Sensex down 3.66% or 471 points at 12415
• Nifty down 4% or 150 points at 3576
• All BSE Sectoral indices down over 3% each
• BSE Capital Goods Index down 5.5%; Siemens down 7.6%, Suzlon down 6.35%, L&T, ABB down over 5% each
• BSE Auto Index down 5.2%, M&M down 8%, Maruti down 7.2%, Tata Motors down 4.5%
• Index Losers; Jet Airways down 9.7%, SAIL down 8.5%, Ranbaxy down 7.66%
• CNX Midcap Index down 5%, BSE Small-Cap Index down 5.64%
• IDBI down 10.8%, IFCI down 10%, IDFC down 8.4%
• Rolta down 13%, SRF down 11.7%, Century Textile down 11%
• NSE Advance Decline ratio at 1:28
• Total market turnover at Rs 46401.68 cr Vs Rs 45476.81 cr on Friday