Market loses steam

Stocks Report

 The market opened weak in the morning but moved into positive territory in the same session. Though it traded in the positive throughout the day, it closed flat.

 Heavyweights ITC was up 1.23 per cent to close at Rs 810.80 and Hindustan Lever was up 0.49 per cent to close at Rs 184.20.

 Other heavyweights Reliance Industries and State Bank of India led the fall from the higher levels in the second half of the session, cement stocks eased on selling pressure.

 Reliance Industries was down 2.11 per cent to close at Rs 434.65. More than 21.86 lakh RIL shares were traded on BSE today.

 State Bank of India was down 1.24 per cent to close at Rs 446.

 ACC was down 1.43 per cent to close at Rs 200.20, Grasim was down 1.01 per cent to close at Rs 659.40, L&T was down 0.45 per cent to close at Rs 321 and Gujarat Ambuja Cements was down 0.09 per cent to close at Rs 229.

 Automobile, especially two-wheelers rose after most of the companies showed rise in September sales numbers. Bajaj Auto was up 2.99 per cent to close at Rs 814.40. Hero Honda Motors was up 0.18 per cent to close at Rs 309.95.

 Tata Motors closed at Rs 312.90, up 1.81 per cent over its previous close.

 Tech stocks, which opened weak, ended mostly higher on fresh buying at lower levels. Tech bellwether Infosys Technologies closed at Rs 4,568.35, up 0.98 per cent over its previous close.

 Satyam Computer closed at Rs 253.05, down 0.37 per cent from its previous close. More than 56.92 lakh Satyam shares were traded on the BSE. HCL Tech closed at Rs 177.35, up 3.05 per cent over its previous close.

 MTNL was down 1.96 per cent to close at Rs 117.55. Stock market will be closed on Thursday, October 2, for Gandhi Jayanti.