Indian Market Roundup : Sensex low 107 points, closes at 15,412

Indian Market Roundup : Sensex low 107 points, closes at 15,412Market Round Up
The markets ended lower after two days of sharp rally. Markets remained in a narrow range and the trend was very choppy. Selling was seen in realty, FMCG, IT, auto, pharma, bank, power, cement and sugar stocks. However, buying was seen in oil & gas stocks.

The Sensex was down 107 points at 15412; it remained in the range of 15,535 and 15,367. The Nifty was down 25 points at 4580. It touched an intra day low of 4559. In the broader markets, the BSE smallcap index rose 0.4 % and the CNX midcap index ended 0.2 % higher.

The market breadth was positive but the total traded volumes were lower to Rs 85,916 cr. as against Rs 89,493 cr. For the week, the Sensex gained 1.7% and Nifty advanced 2.2%.

Movers & Shakers
Oil & Gas stocks traded strongly throughout today's trading session. Stocks like ONGC, HPCL, GAIL, Cairn India and IOC were up 3-5%.

In the realty space Orbit Corporation, Peninsula Land, Ackruti City, Omaxe and Ansal Properties were down 4-5%.

In the FMCG pack HUL, ITC were trading lower by 2.5-1.8%.

In the IT sector HCL Tech, Financial Tech, Tech Mahindra, Infosys and TCS were down 1- 4%. While the mid-cap tech stocks like NIIT Tech was up 20%, Mphasis was up
4% and Mastek up 8.5%.

In the auto space stocks like Bharat Forge, Maruti, Hero Honda, Tata Motors slipped 1-3%.

In the Sensex pack ONGC was the top gainer up 4.7% followed by Reliance Infra and RIL up 1.7 & 0.6%.

JP Associates, however, was the biggest loser in the group. The stock fell 3.5 % to Rs 216. HUL, NTPC and RCom were the other main losers, down more than 2.3 % each.