The Bombay Stock Exchange was low by 40 points; developing selling pressure in the market that it may take back nifty at 5700 mark. The Bombay Stock Exchange performed brilliantly on the other sectoral indexes with an increase by 3%.

The metal, fuel and gas stocks were marked quiet low on the index, the stocks of auto and power were being purchased. Reliance, ICICI Bank, TCS, ITC and L&T were the companies which affected the market negatively at the exchange.

Since the season for sale and purchase was on, Piyush Garg, Chief Investment Officer, ICICI Securities, said that the market movement ahead would depend entirely on how the results pan out and the kind of guidance corporate give for the entire fiscal year.

At 13.15 hrs IST, the Sensex was down 17.37 points or 0.09% at 19060.93, and the Nifty was down 16.65 points or 0.29% at 5712.30. There was a probability of the Nifty may reach the line of 5500 mark and returns of 20 to 25% could be expected, said Mr. Piyush Garg. Top gainers on the Sensex were DLF at Rs 240.75 up 2.88%, Hero Honda at Rs 1,908 up 1.41%, Maruti Suzuki at Rs 1,198 up 1.31%, SBI at Rs 2,507 up 1.26% and Reliance Infra at Rs 595.50 up 1.25%.