Post Session Market Commentary

Markets ended in green on second trading session of the year 2007, with BSE sensex closed above 14000 and Nifty stayed above 4000 levels. The buying activities were intensified across the index pivotals especially in auto, tech and health index. BSE sensex closed at 14014.92 up by 72.68 points and Nifty was up by 16.65 points to close at 4024.05. Overall market breadth was positive as 1621 stocks advanced and 898 stocks declined on BSE. Today, BSE health care index outperformed the other indices as Ranbaxy Labs (3.79%), CIPLA (2.39%) and Dr. Reddys (0.25%) ended higher. Followed by BSE auto index that closed at 5722.30, up by 26.26 points as Bajaj auto (3.84%), Maruti Udyog (0.59%) and Tata Motors (1.22%) closed higher. This trends again followed by BSE tech index in which Satyam (1.17%), TCS (2.30%), Infosys (1.84%) and Wipro (0.90%) ended higher. Further, oil & gas index closed mixed as Reliance up by (0.34%) and ONGC down by (0.24%). Besides, BSE bank index closed at 7143 up by 22.93 points as SBI up by (1.11%) while ICICI Bank down by (0.76%), HDFC Bank (0.35%) and HDFC (0.62%). BSE metal index closed at 9123 up by 1.58 points as Hindalco up by (0.62%) while Tata steel down by (1.55%) closed in green. Both mid cap and small cap closed in green. BSE mid cap was up by 60.85 points to close at 5932.38 and BSE small cap was up by 76.36 points to close at 7,080.46. Top gainers at BSE Sensex: Bajaj Auto Rs 2844.00 (3.84%), Ranbaxy Labs Rs 413.5 (3.79%), CIPLA Rs 257.55 (2.39%), TCS Rs 1277.25 (2.30%) and Infosys Rs 2314.25 (1.84%). Top Losers: HLL Rs 212.35 (1.89%), ACC Rs 1075.00 (1.59%), Hero Honda Rs 772.00 (1.55%), Tata Steel Rs 471.00 (1.55%) and ITC Rs 175.25 (0.90%).