Market Commentary

Monday, May 05, 2008 | | |

The Sensex opened with a positive gap of 87 points at 17,687. Fresh buying in late morning deals saw the index move up to a high of 17,736 - up 136 points from the previous close.

The index, however, could not hold gains and slipped into the negative zone. The index dropped to a low of 17,457 - down 279 points from the day's high in late noon deals. The Sensex finally ended with a loss of 109 points at 17,491.

The market breadth was fairly positive - out of 2,776 stocks traded, 1,634 advanced, 1,104 declined and 38 were unchanged today.

The NSE Nifty slipped 36 points and settled at 5,192.