Strong Midday Start For Benchmark Indices

Delhi, India (PressExposure) March 04, 2009 -- The recessive market condition that has given horrible nightmares to the corporate giant is evident from the Indian stock market conditions that remained ordinary at the end of the day. The stock market readings were expected to be promising during the start of the day. However, unfortunately, both the Sensex as well as the Nifty showed mediocre ratings after the last hour. The Sensex stood at 81 points, at 8903 and the Nifty at 2762, that showed a pretty ordinary profit of 29 points. On the other hand, the CNX Midcap and BSE (Bombay Stock Exchange) Smallcap showed a decent ending at .4 and .6 respectively. Infact, it is also being noticed that, a number of unfair trading took place at the last trading session.

On the other hand, the benchmark indices showed prominent gains in the mid-day sessions. Infact, the sectors that showed prominent gains were metal, information technology, automobile, and capital goods. Other than the Sensex and the Nifty that showed a gain of 162 points and 52 points respectively, even the BSE Midcap and the BSE Small cap showed a decent gain. The afternoon session was pretty ordinary as the Benchmark indices kept falling down which was clearly evident from the Sensex and Nifty rates. The worst hit are metals, realty and banking stocks. Even the CNX Midcap and the BSE Small cap were down by 1.5 percent and 1.6 percent respectively.

The week had a disappointing ending with the Sensex at 8843 which is a fall of 199 points. Whereas the Nifty was down by 53 points, stopping at 2736. Other than this, even the Midcap and the Smallcap showed losses, falling down by 1.5 percent and 1.7 percent respectively. The top gainers of the day are ABB and ACC. Whereas the losers are ICICI bank, HCL Tech, Reliance Communications, TATA and Reliance Infra.

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Press Release Submitted On: March 04, 2009 at 12:59 am
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