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Monday, 17 December 2007

market summary

The market succumbed to profit booking today, that came in due to weak global cues as well as profit booking by FIIs in the holiday season. The Sensex ended losing 769 points from the previous close, at 19,261. Nifty also lost 270 points and shut shop at 5777. All BSE sectoral indices closed lower, with BSE Metal, Realty, Capital Goods and Oil & Gas indices being beaten down the most. Market breadth was extremely weak, with 210 advances against 1,007 declines on the NSE. The top gainer on the Sensex was HUL while losers included DLF ,NTPC ,TATA STEEL nd HDFC

Good movement is expected in pharma, textiles and sugar stocks in coming days

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