Thursday, November 8, 2007

The market is still trading lower, taking cues from weak Asian markets. The Sensex is currently trading at 19,109, down 180 points from the previous close. Nifty is at 5717, down 64 points. Market breadth is turning a little strong, as the gap between advances and declines is narrowing; 495 advances against 642 declines on the NSE. Banks, IT and metal stocks are witnessing maximum pressure.

n the midcap pack, one can look at Neyveli Lignite, JP Hydro, Century Textiles and even Reliance Capital, says Hemant Thukral of Asian Markets Securities, on Zee Business. The BSE Midcap Index is down 0.2%.

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