The market edged lower led by fall in index heavyweights Reliance Industries and ICICI Bank. Select IT stocks weakened. Tata Steel soared. Metal, consumer goods and auto stocks were in demand. The market breadth was strong. 19 out of 30 stocks from the Sensex pack were in red. Key Asian markets, except Singapore, were in green. European markets, which opened after Indian markets, were in red.

Investors were also cautious ahead of the discussion on the Indo-US nuclear deal, which will take place in the Rajya Sabha today (4 December 2007) where the Left is expected to sharpen its attact on the issue.

The 30-share BSE Sensex provisionally ended down 75.94 points or 0.39% to 19,527.47. The Sensex hit a high of 19,707.86 in early trade. At day's high, the Sensex gained 104.45 points.

The broader based S&P; CNX Nifty provisionally ended down 3.45 points or 0.06% to 5861.55.

The BSE Mid-Cap index rose 1.63% to 8,907.46. The BSE Small-Cap index rose 1.60% to 10,959.10.

Market breadth was strong. On BSE, 1932 stocks advanced, 884 stocks declined and 48 stocks remained unchanged.

BSE clocked a turnover of Rs 9111 crore compared to yesterday (3 December 2007)s turnover of Rs 9,319.88 crore.

Indias largest private sector firm by market capitalisation and oil refiner Reliance Industries fell 2.46% to Rs 2860.20. The stock came off session's high of Rs 2960.

Indias largest private sector bank by assets ICICI Bank fell 1.92% to Rs 1142.90.

Indias second largest software exporter by sales Infosys Technologies gained 0.96% to Rs 1616.

The world's sixth-largest steel maker Tata Steel soared 4.15% to Rs 874.60 after the chief of its Corus unit said the firm was planning to lift prices next year.

Mahindra & Mahindra gained 2.58% to Rs 770.25, Bharat Heavy Electricals rose 2.13% to Rs 2820, Larsen & Toubro gained 1.30% to Rs 4230, and Ambuja Cements rose 0.95% to Rs 153.50.

TCS fell 2.20% to Rs 1028.95, Satyam Computers fell 1.16% to Rs 442.80, ONGC fell 1.11% to Rs 1158.60, Ranbaxy Laboratories declined 1.35% to Rs 368.95 and Bharti Airtel declined 0.90% to Rs 916.10.

European markets were weak in early trade. Key indices in France, Germany and UK were down by between 0.02% to 0.72%.

Most of the Asian markets were in green. Key indices in China, Hong Kong, Singapore, South Korea and Taiwan were up by between 0.18% to 0.97%. However, Japan's Nikkei 225 was down 0.95%.

US markets ended lower on profit booking on Monday, 3 December 2007. The Dow Jones industrial average slipped 57.15 points to 13,314.57. Broader stock indicators also settled lower. The S&P; 500 index declined 8.72 points or 0.59% to 1,472.42, and the Nasdaq Composite index dropped 23.83 points or 0.90% to 2,637.13.

Oil rose on Tuesday, 4 December 2007 following signs that Organization of the Petroleum Exporting Countries (OPEC) will probably resist consumer nations' calls to pump more oil. US crude rose 34 cents a barrel to $89.65. London Brent crude was up 24 cents at $90.04.

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