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The 30-share index having traded unexciting in the preceding trading hour, is presently trading in the positive zone. The stocks from auto and telecom led the declinations whereas banking stocks gained ground.

Anuj Anandwala, analyst, KJMC Capital Markets, said that improvement might continue on Monday but it will ultimately shrink in the later half. He anticipates banks to trade fine in Monday`s trading session.

Out of the total 2,123 shares traded at the BSE, 1,103 advanced, 971 declined while 49 remained unchanged.

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Washington: The Bush administration has tried to alleviate worries brought up by various US lawmakers over the civilian nuclear transaction with India.

Indian Overseas Bank turned down 1.3% to Rs 125 regardless of recording a 20.92% increase in net profit in Q1 June 2007 The results were declared during market hours today, 27 July 2007.

Meanwhile, the BSE 30-share Sensex was down 448 points to 15,327 chasing weak global markets.

Nearly, 2.85 lakh shares of the scrip had changed hands on the bourses.

Today, the BSE Sensex saw a 500 point fall and cracked in proportion to other international markets.

While pointing out on the U-turn taken by the stock market, technical analyst, Vishwas Agarwal stated that Indian stock market was faultily affected today because of reduction in worldwide markets and panic selling.

Saturday’s RIL result is crucial to hoard the persuasions now. Any optimistic news from RIL can ease the market to some extent.

But one thing is obvious that stock market mood has turned very cautious now and people are feeling insecure. So they will make an effort to go out with minimal losses in their place before buying more at existing levels.