Tuesday 7 October 2008

Mkts highly volatile; Europe off highs

Markets are trading with extreme choppiness. Realty, oil & gas and power stocks are witnessing good buying interest while FMCG, capital goods, pharma and metal stocks witnessing selling pressure. The BSE midcap and smallcap indices are down over 1%.

On the global front, Europen markets trading in green but off days high. CAC 40 up 1.31% at 3760, DAX up 0.09% at 5391 and FTSE up 0.53% at 4613.

At 1.27 pm, the Sensex is down 22.99 points or 0.19% at 11778.71, and the Nifty up 33.85 points or 0.94% at 3636.20.

About 986 shares have advanced, 1967 shares declined, and 229 shares are unchanged.

Top gainers on the Sensex are Ranbaxy Labs at Rs 257 up 4.28%, DLF at Rs 311 up 3.10% and NTPC at Rs 173.80 up 3.02%.

However, top losers on the Sensex are L&T at Rs 1,024 down 5.47%, ITC at Rs 171.30 down 4.89% and M&M at Rs 482 down 4.05%.

Source: MoneyControl

Posted by Harsh at 01:29

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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.