Thursday, March 23, 2006

Indian Stock Market - Evening Update (Thursday)

With the global markets looking good , Indian Stock market opening in a good note , when the markets opening the sensex was up by about 60 points. But sensex could not hold at these levels due to selling pressure, It finally ended the day flat at 10841.

Steel/Metal stocks had a good move today , there was lot of buying seen in SAIL,Hindalco,Tata Steel all moved up.

SBI advanced 2.8% to Rs 975 after the Union Cabinet approved a proposal for stock split of its subsidiaries.

Sensex 10841 Flat
Nifty 3247 Up 7 points

Top gainers were:
- SAIL 73
- MTNL 180
- VSNL 418
- Tata Steel 485
- Zee tele 243
- Baja Auto 2735
- ACC 716

Top losers were:
- Dr Reddy 1446
- REL 600
- HDFC Bank 741
- Bharti 380

Is market consolidating or is it getting prepared for a big move on friday , only time (and market will decide it , tomorrow is the last trading day of the week.

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