Markets ranged amid volatility: Bank, metal down

The markets opened flat after the sun outage on account of lack of buying in scrips. The markets have been volatilie in a tight range. It is flat for frontline indices but broader markets continue to trade lower. Bank, metal, realty stocks are among the top laggards on the indices. Selective buying is seen in energy stocks. Market breadth is negative. On the global front, Asian markets are trading mixed.

At 12:35 hrs IST, the Sensex is up 46.06 points or 0.31% at 14850, and the Nifty up 22 points or 0.1% at 4508.10.

About 771 shares have advanced, 2199 shares declined, and 85 shares are unchanged.

BPCL, Nalco, Satyam, Bharti Airtel, BHEL were among the top gainers on the indices.

Sterlite Ind was down over 8%, JP Associates, HDFC Bank, Tata Steel down over 4% each, HDFC, HCL Tech and M&M were among the other losers on boures.

JP Associates, Axis Bank, RNRL, Indiabulls Real Estate an ICICI Bank were most active shares.

Companies have paid advance taxes for the quarter ended March 2008. Mukesh Ambani's Reliance Industries paid Rs 443 crore versus Rs 118 crore YoY.

• Reliance Pays Rs 443 Cr Vs Rs 118 Cr (YoY)
• Tata Steel Pays Rs 300 Cr Vs Rs 350 Cr (YoY)
• Tata Motors Pays Rs 75 Cr Vs Rs 190 Cr (YoY)
• TCS Pays Rs 115 Cr Vs Rs 20 Cr (YoY)
• Indian Hotel Pays Rs 44 Cr Vs Rs 2 Cr (YoY)
• M&M Pays Rs 116 Cr Vs Rs 83 Cr (YoY)
• L&T Pays Rs 170 Cr Vs Rs 80 Cr (YoY)
• ICICI Bank Pays Rs 250 Cr Vs Rs 125 Cr (YoY)
• HDFC Bank Pays Rs 250 Cr Vs Rs 165 Cr (YoY)
• Bank Of India Pays Rs 191 Cr Vs Rs 150 Cr (YoY)
• Union Bank Pays Rs 130 Cr Vs Rs 100 Cr (YoY)
• Central Bank Pays Rs 220 Cr Vs Nil (YoY)
• Ambuja Cem Pays Rs 175 Cr Vs Rs 100 Cr (YoY)
• MRPL Pays Rs 100 Cr Vs Rs 20 Cr (YoY)

Mar 18, 13:11

Last Price Change

BSE 14878.08 68.59 0.46%

NSE 4537.95 34.85 0.77%.

source:http://www.moneycontrol.com/india/news/local-markets/mkts-slip-midcaps-bank-metal-realty-down/12/32/330694