Tuesday, December 28, 2010

Nifty struggling aroung 6000 mark; Trading in Red

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At 03:25 pm IST, the 30-share BSE Sensex was trading at 20,009, down 19 points while the 50-share NSE Nifty fell 5 points to 5,993.

The benchmark Nifty was hovering around 6000 level due to low participation from traders. ADAG Stocks, technology, telecom, HDFC group, healthcare, select power and metal companies' shares were witnessing buying interest.

On the other side of trade, selling continued in ONGC, Tata Motors, Reliance Industries, SBI, ICICI Bank, L&T, HUL, SAIL and Power Grid, which capped the gains.

Among Blue chip, Reliance Communications, HDFC Bank, Tata Power, Wipro,Bajaj Auto, Ranbaxy Labs and Suzlon Energy went up 1-3%.

However, Tata Motors was trading at Rs 1,273.50, down 2.08% and Axis Bank was at Rs 1,292.80, down 1.81%. ICICI Bank, SBI, L&T, ONGC and GAIL declined 0.7-1%.

In midcap space, United Breweries rallied 14.46%. Motilal Oswal, UB Holdings, Manappuram and Trent were up 5-10% while Money Matters, Glodyne Tech, Hathway Cable, Amtek Auto and Patni Computer were down 3-5%.

In smallcap space, Bartronics rose 16.83%. Symphony, Genus Power, Moser Baer and Shasun Chemical gained 8.7-10% while Sahara One, Graviss Hosp, Surana Industries, Aditya Birla and Centrum Finance lost 5-8%.

Market breadth was mixed which was about 1411 shares advanced on Bombay Stock Exchange as against 1429 shares declined.


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