Market ends lower

BSE Mid-cap Index closed down 0.40%, while the BSE Small-cap Index fell 0.25%.



Asian stocks performed mixed on Wednesday on concern that the record oil prices and slowing global economy will dent earnings growth at banks and refiners; while commodity producers BHP Billiton and Inpex Holdings gained.



European shares climbed in early trade on better earnings outlook after Lafarge and British American Tobacco posted better earnings that boosted confidence among investors.

FII Trends
Foreign institutional investors (FIIs) turned net buyers in the equity segment worth Rs 883 million on both the BSE and NSE on May 7, according to the provisional figures available at the NSE. They bought equities worth Rs 33,879.2 million and sold equities worth Rs 32,996.2 million. Total turnover in the cash segment of NSE stood at Rs 144,571.6 million on May 7.



Market Statistics

Out of the total 2,765 shares traded at the BSE, 1163 advanced, 1,538 declined while 64 remained unchanged.



Among sectoral indices, the BSE capital goods index was the worst hit, shedding around 2.2%.



Gainers at the BSE Sensex include TCS, which surged over 3% to close at Rs 966.20, M&M and Infosys rose over 1% each to Rs 673.85 and Rs 1843.20 respectively. HUL, Jaiprakash Associates, Tata Steel, RIL, Maruti, ITC and SBI also moved up.



Losers at the index were BHEL, which plummeted 4.12% to close at Rs 1783.75 followed by Bharti Airtel, which fell 3.64% to Rs 815.80 and DLF, which dropped over 2% to end at Rs 651.00. Ranbaxy, Satyam, Hindalco, ACC,NTPC and Cipla also slipped.



Idea Cellular topped the volume chart (Rs 20.38 million), followed by Ispat Industries (Rs 18.03 million) and IFCI (Rs 12.31 million). RNRL (Rs 10.19 million) and Cairn India(Rs 7.41 million) also witnessed good volumes.