19 February 2008

Market ends flat

The markets have given up all its gains and are trading flat. Nifty has slipped below 5300 mark and Sensex is trading around 18,100 mark. The breadth is positive in the favour of advances with buying seen in broader markets. Oil & gas, metal, bank stocks are among the top gainers. Select power, realty and FMCG stocks are trading weak.
The midcap and smallcap index have outperformed the benchmark indices and are up nearly 1% each.

At 2.50 hrs IST, the Sensex is up 42.01 points or 0.23% at 18090.06, and the Nifty down 2.95 points or 0.06% at 5273.95.About 1700 shares have advanced, 1237 shares declined, and 88 shares are unchanged.Bajaj Auto is up over 6%. Nalco, ACC and Tata Power are up over 4% each. The other gainers are TCS, Ranbaxy and BPCL.
ONGC, Reliance are trading in green in the oil & gas pack. In the metal sector SAIL, Hindalco, Nalco are trading firm.
On the primary market front, OnMobile Global listed near its issue price of Rs 440.
Rupee opened at 39.75/$ versus 39.76/$ on Monday and was trading at 39.80 levels.
source:Moneycontrol

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