18 Feb 2010 Market Closing 15:30
Market opened negative and traded in negative area only.European markets also didn't give support as they opened negative.Market heavyweight Reliance industry was also trading lower and closed more than 3% down.Food inflation rose for the fourth straight week in early February, heightening worries that it was driving up headline inflation past official forecasts and increasing the chance of the central bank pushing up rates.The food price index rose 17.97 percent in the 12 months to February 6, higher than an annual rise of 17.94 percent in the previous week, data released on Thursday showed.
Therefore hopes of short covering also set off.Specific banking stocks like Axisbank,Bank of Baroda and HDFC Bank showed some upward movement.BPCL was up nearly 9% and made a high of 613 as the venture company in which BPCL has 10% stake have found gas at Wildeat well in Mozambique.
Nifty marked intraday low of 4873.70 and closed at 4883.95,down by 30.05 points. Sensex closed 16316.28, 112.63 points negative.
Among the BSE sectoral indices,top gainer were Consumer durable index and Bankex with marginal gains.Realty,Oil and Gas were down by nearly 2% whereas Metal was down more than 1%.
Market breadth was negative.872 stocks declined and 411 stocks rose on NSE today.
Among Nifty50 stocks, BPCL and IDFC were the major gainers and Ibrealest and Unitech were the major losers.
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment