Post Session Market Commentary

Market closed in deep red after steep fall in opening on back of heavy selling pressure across the index pivotals. Overall market breadth was highly negative as 553 stocks advanced and 1899 stocks declined on BSE. Sectoral indices closed lower except BSE FMCG.

BSE sensex closed at 12,938.09 down by 540.74 points and Nifty was down by 148.60 points to close at 3745.30. BSE mid cap was down by 197.66 points to close at 5508.74 and BSE small cap was down by 212.38 points to close at 6705.91.

BSE FMCG index ended up 8.50 points to close at 1785.88 as ITC ended 3.21% up while HLL, Dabur ended in red.

BSE Metal index weighed down 414.43 points at 8513.55 as NALCO (7.23%), Tata Steel (5.97%) and SAIL (6.12%) ended down.

BSE bank index tumbled 286.81 points at 6408.01 as OBC, PNB, SBI and ICICI Bank ended in red.

BSE auto index closed at 5109.38, down by 195.69 points as Hero Honda, Tata motors and M&M ended in red.

BSE health cares index closed 114.14 points down at 3498.93 as Ranbaxy labs, GSK Pharma and Cipla closed lower.

BSE Capital goods index gave up 310.90 points at 8834.84 as BHEL, L&T, and ABB ended in red.

BSE oil & gas index ended 186.03 points down at 6297.64 as ONGC (3.77%) and Reliance (3.78%) plunged.

BSE IT index dropped 302.41 points at 4869.99 as Infosys (5.49%), TCS (5.87%), Satyam (8.07%) and Wipro (7.2%) closed lower.

Mid Day Market Commentary

Market was continuously trading in negative territory on back of the global markets weakness. Overall market breadth was negative as 653 stocks advanced and 1638 stocks declined on BSE index.

At 13.00 pm, BSE sensex was at 13099.70 down by 379.12 points and Nifty was at 3784.90 down by 109 points. BSE Mid cap was down by 124.17 points to trade at 5582.23 and BSE small cap was down by 153.62 points to trade at 6764.66.

BSE health index was trading 80.15 points down at 3532.91 as Ranbaxy labs (2.72%), Dr Reddys Labs (2.70%) and GSK pharma (2.09%) were in red.

BSE Oil & gas index was losing 175.64 points at 6308.02 as ONGC (1.32%), HPCL (2.25%) and Reliance (3.09%) were down.

BSE Banks index was slipping 225.55 points at 6469.27 as HDFC Bank (4.85%), OBC (3.23%)and ICICI Bank (3.36%) were trading lower.

BSE auto index was trading 146.43 points down at 5158.63 as Tata Motors (7.09%), Bajaj Auto (2.84%) and Maruti Udyog (4.18%) were trading lower.

BSE capital goods index was trading 118.9 points down at 9026.84 as L&T, ABB and BHEL were trading down.

BSE IT index was trading 282.24 points down at 4890.15 as Infosys, TCS, Satyam, Wipro were trading between 4 to 6 percent down.

Pre Open Market Commentary

Indian market is likely to open lower on back of steep fall in global markets. Yesterday, market ended in deep red on back of heavy selling pressure across index pivotals. BSE sensex closed at 13478.83 down by 170.69 points while Nifty was down by 48.10 points to close at 3893.90. The outlook for the market is abundant cautious.

Tuesday, US markets closed lower on concerns that tighter credit conditions in China and Japan might dampen global growth first sent Shanghai sliding 9% overnight before the sell-off spread to other markets. DOW closed tumbled 415 points at 12216 and NASDAQ was 96 points down to close at 2407.

The major stock markets in Asia were trading lower on Wednesday. Nikkei 225 index tumbled 644.85 points at 17475.07. Hang Seng was plunged 624.05 points at 19526.82 and Straits Times slipped 166 points at 3066.02. Oil prices traded above $61 a barrel.Today, Nifty has support at 3765 and resistance at 3900 and BSE Sensex has support at 13,050 and resistance at 13550. However, it is our advice to watch trading session carefully.

FIIs were net sellers to the tune of Rs582.10crores in equity (provisional) on 27th February 2007. Mutual funds were net purchasers to the tune of Rs270.59crores in equity (provisional) on 26th February 2007.

Post Session Market Commentary

Market ended in deep red due to heavy selling pressure across the index pivotals. Overall market breadth was positive as 1330 stocks advanced and 1205 stocks declined on BSE. Sectoral indices closed lower.

BSE sensex closed at 13478.83 down by 170.69 points and Nifty was down by 48.10 points to close at 3893.90. BSE mid cap was up by 9.69 points to close at 5706.40 and BSE small cap was up by 23.84 points to close at 6918.29.

BSE Metal index weighed down 72.56 points at 8927.98 as NALCO (4.86%), Tata Steel (0.43%), SAIL (0.22%) and Hindalco (1.68%) ended down.

BSE FMCG index ended lower 34.88 points to close at 1777.38 as HLL, Dabur and ITC ended in red.

BSE bank index tumbled 107.63 points at 6694.82 as OBC, PNB, SBI and ICICI Bank ended in red.

BSE auto index closed at 5305.07, down by 60.65 points as Hero Honda, Tata motors and M&M ended in red.

BSE health cares index closed 9.23 points down at 3613.07 as GSK Pharma and Cipla closed lower.

BSE Capital goods index gave up 67.18 points at 9145.74 as BHEL, L&T, and ABB ended in red.

BSE oil & gas index ended 46.94 points down at 6483.67 as BPCL, HPCL, ONGC and Reliance plunged.

BSE IT index dropped 73.02 points at 5172.40 as Infosys, TCS, Satyam and Wipro closed lower.

Mid Day Market Commentary

Market was trading in negative territory due to selling pressure in scrips across the index pivotals. Overall market breadth was positive as 1500 stocks advanced and 801 stocks declined on BSE index.

At 12.40 pm, BSE sensex was at 13570.22 down by 79.29 points and Nifty was at 3919.1 down by 22.9 points. BSE Mid cap was up by 39.88 points to trade at 5736.59 and BSE small cap was up by 70.27 points to trade at 6964.72.

BSE health index was trading 14.07 points up at 3636.37 as Ranbaxy labs (0.33%), Dr Reddys Labs (0.07%) and GSK pharma (0.14%) were in green.

BSE Oil & gas index was losing 36.4 points at 6494.21 as ONGC (2.23%) GAIL (1.4%) and Reliance (0.32%) were down.

BSE Banks index was slipping 70.25 points at 6732.19 as HDFC Bank (0.18%), SBI (1.41%)and ICICI Bank (2.21%) were trading lower.

BSE auto index was trading 46.45 points down at 5319.27 as Tata Motors (1.85%), Bajaj Auto (3.03%) and Hero Honda (2.4%)were trading lower.

BSE capital goods index was trading 5.34 points down at 9207.58 as L&T, Suzlon and BHEL were trading down.

BSE IT index was trading 37.19 points down at 5208.22 as Infosys, TCS, Satyam, Wipro were trading in red.

Pre Open Market Commentary

Indian market is likely to open on cautious note today. Yesterday, market ended in green amid higher volatility due to concerns on Budget. BSE sensex closed at 13649.52 up by 16.99 points while Nifty was up by 3.05 points to close at 3942.00. The outlook for the market is cautious. Monday, US markets closed lower on back rise in oil price and offsetting the latest deal-making news, including the $45 billion takeover of TXU Corp., the largest private-equity deal to date. DOW closed down 15 points at 12632 and NASDAQ was 10.58 points down to close at 2504.52. The major stock markets in Asia are trading lower on Tuesday. Nikkei 225 index was 6.94 points down at 18208.41. Hang Seng was down by 104.48 points at 20403.47 and Straits Times slipped 62.79 points at 3245.13. Oil prices traded above $61 a barrel.Today, Nifty has support at 3865 and resistance at 3975 and BSE Sensex has support at 13,480 and resistance at 13850. However, it is our advice to watch trading session carefully. FIIs were net purchasers to the tune of Rs4287.20crores in equity (provisional) on 26th February 2007. Mutual funds were net purchasers to the tune of Rs37.21crores in equity (provisional) on 23rd February 2007.

Post Session Market Commentary

Market recovered its losses in final hour of trade to end in green mainly on back of heavy buying seen in metal stocks. Overall market breadth was negative as 1229 stocks advanced and 1315 stocks declined on BSE. Sectoral indices closed mixed.

BSE sensex closed at 13649.52 up by 16.99 points and Nifty was up by 3.05 points to close at 3942.00. BSE mid cap was up by 31.82 points to close at 5696.71 and BSE small cap was down by 9.98 points to close at 6894.45.

BSE Metal index surged 201.61 points at 9000.54 as NALCO, Tata Steel, SAIL and Hindalco ended up.

BSE FMCG index recovered 25.98 points to close at 1812.26 as HLL (0.72%) and ITC (2.66%) ended up.

BSE bank index gained 42.87 points at 6802.45 as PNB and SBI ended in green while ICICI Bank, OBC and HDFC (2.83%) ended in red.

BSE auto index closed at 5365.72, up by 29.07 points as Maruti Udyog, Tata motors and M&M ended in green.

BSE health cares index closed 11.68 points up at 3622.30 as GSK Pharma, Cipla and Dr Reddys Labs closed up.

BSE Capital goods index gave up 14.91 points at 9212.92 as BHEL, L&T, and ABB ended in red.

BSE oil & gas index turned to end 5.86 points down at 6530.61 as BPCL (0.72%) and Reliance (0.78%) plunged while ONGC (0.60%), GAIL (2.01%) ended up.

BSE IT index plunged 16.42 points at 5245.42 as Infosys (0.34%) and Wipro (1.34%)closed lower.

Mid Day Market Commentary

Market was trading flat after a highly volatile morning session ahead of Railway Budget to be presented today. Overall market breadth was positive as 1288 stocks advanced and 1042 stocks declined on BSE.

At 12.25 pm, BSE Sensex was at 13640 up by 7 points and Nifty was flat at 3939 levels. BSE Mid cap was up by 30 points to trade at 5695 and BSE small cap was up by 15 points to trade at 6919 levels.

BSE metal index was trading 159 points up at 8958 as NALCO (2.81%), Tata Steel (2.47%) and SAIL (2.06%) were in green.

BSE Oil & gas index was down 55 points at 6481 as IOC (2.50%) and Reliance (1.61%) were in red.

BSE Banks index was up 35 points at 6794 as Canara Bank (2.36%), SBI (0.43%) and ICICI Bank (0.12%) were trading higher.

BSE auto index was trading flat at 5336 as Bajaj Auto (0.73%) and Tata Motors (0.54%) were trading in green while M&M (1.53%) and Hero Honda (0.26%) were trading lower.

BSE capital goods index was trading 23 points up at 9251 as Siemens & ABB were trading up.

BSE FMCG index was trading at 1812, up by 26 points as ITC (2.47%) and HLL (0.75%) were trading in green.

BSE Health index was trading 14 points up at 3625 as Dr Reddys Labs (1.04% ) and Sun Pharma (0.58%) were in green.

Pre Open Market Commentary

Indian market is likely to open on cautious note today. Friday, market ended in deep red on back heavy selling pressure. BSE sensex closed at 13632.53 down by 388.78 points while Nifty was down by 101.05 points to close at 3938.95. The outlook for the market is cautious.

Friday, US markets closed lower on back rise in oil price and concerns about a meltdown in the subprime mortgage. DOW closed down 38.54 points at 12647.48 and NASDAQ was 9.84 points down to close at 2515.10.

The major stock markets in Asia are trading mixed on Monday. Nikkei 225 index was 92.43 points up at 18280.85. Hang Seng was down by 144.70 points at 20566.95 and Straits Times was up 3.30 points at 3313.74. Oil prices traded above $61 a barrel.

Today, Nifty has support at 3800 and resistance at 4,025 and BSE Sensex has support at 13,480 and resistance at 13950. However, it is our advice to watch trading session carefully.

FIIs were net sellers to the tune of Rs225.20crores in equity (provisional) on 22nd February 2007. Mutual funds were net purchasers to the tune of Rs0.75crores in equity (provisional) on 21st February 2007.

Post Session Market Commentary

Market ended in deep red on back of heavy selling pressure across the sectoral indices. Overall market breadth was highly negative as 382 stocks advanced and 2151 stocks declined on BSE. Sectoral indices closed lower.

BSE sensex closed below 14000 levels and ended at 13632.53 down by 388.78 points and Nifty was down by 101.05 points to close at 3938.95. BSE mid cap was down by 139.59 points to close at 5664.89 and BSE small cap was down by 268.98 points to close at 6904.43.

BSE bank index slipped 239.39 points at 6759.58 as ICICI Bank (4.04%), OBC (7.1%), HDFC (2.83%) and SBI (1.88%) ended lower.

BSE FMCG index declined 61.99 points at 1786.28 as HLL (1.28%) and ITC (4.96%) ended in red.

BSE auto index tumbled 122.02 points at 5336.65 as Hero Honda, Maruti Udyog, Tata motors and M&M ended in red.

BSE Capital goods index gave up 187.74 points at 9227.83 as BHEL, L&T, Siemens and ABB ended in red.

BSE Metal index closed at 8875.47, down 74.81 points as NALCO, SAIL and Hindalco ended lower while Tata Steel ended up (0.95%).

BSE oil & gas index turned to end 75.21 points down at 6536.47 as HPCL, BPCL and ONGC plunged while GAIL (1.8%) and Reliance ended up (0.53%).

BSE health cares index closed 98.10 points down at 3610.62 as Ranbaxy labs, Cipla and Dr Reddys Labs closed down.

BSE IT index plunged 130.29 points at 5261.84 as Infosys, TCS, Wipro and Satyam closed lower.

Mid Day Market Commentary

Market was trading in negative territory due to selling pressure in scrips across the index pivotals. Overall market breadth was highly negative as 434 stocks advanced and 1963 stocks declined on BSE index.

At 12.45 pm, BSE sensex was at 13856.60 down by 164.71 points and Nifty was at 4001.95 down by 38.04 points. BSE Mid cap was down by 89.75 points to trade at 5714.73 and BSE small cap was down by 174.42 points to trade at 6998.99.

BSE metal index was trading 17.15 points up at 8892.62 as NALCO (0.97%), Tata Steel (1.89%) and SAIL (0.80%) were in green.

BSE Oil & gas index was adding 12.83 points at 6624.51 as GAIL (4.74%), IPCL (0.19%) and Reliance (1.12%) were up.

BSE Banks index was slipping 171.18 points down at 6827.79 as HDFC Bank (1.77%), SBI (0.68%), and ICICI Bank (3.35%) were trading lower.

BSE auto index was trading 77.34 points down at 5381.33 as Tata Motors (2.24%), Maruti Udyog (2.16%) and Bajaj Auto (1.32%) were trading lower.

BSE capital goods index was trading 59.80 points down at 9355.77 as Siemens & ABB were trading down.

BSE FMCG index was trading at 1813.92, down by 34.35 points as HLL (0.18%) and ITC (2.89%) were trading in red.

BSE health index was trading 73.64 points down at 3635.08 as Ranbaxy labs (2.84%),Dr Reddys Labs(2.31% ) and Cipla(2.3%) were in red.

Pre Open Market Commentary

Indian market is likely to open on cautious note today. Yesterday, market ended lower after heavy selling pressure in last an hours of trade. BSE sensex closed at 14023.31 down by 167.18 points while Nifty was down by 56.20 points to close at 4040.00. The outlook for the market is cautious.

Thursday, US markets closed mixed on back of issues regarding improving earning growth outlook. DOW closed down 52.39 points at 12686.02 while NASDAQ was 6.52 points up to close at 2524.94. ,

The major stock markets in Asia are trading mixed on Friday. Nikkei 225 index was 14.20 points down at 18095. Hang Seng was down by 222.62 points at 20587 and Straits Times was up 3.30 points at 3292.15. Oil prices traded to around $61 a barrel.Today, Nifty has support at 4,000 and resistance at 4,125 and BSE Sensex has support at 13,945 and resistance at 14,350. However, it is our advice to watch trading session carefully.

FIIs were net sellers to the tune of Rs40.20crores in equity (provisional) on 22nd February 2007. Mutual funds were net purchasers to the tune of Rs17.81crores in equity (provisional) on 21st February 2007.

Post session Market Commentary

During final half an hour of trade, market lost all its earned gains to closed lower due to profit booking by the participants in scrips across index pivotals. Overall market breadth was highly negative as 858 stocks advanced and 1746 stocks declined on BSE. Sectoral indices closed lower.

BSE sensex closed at 14,021.31 down by 167.18 points and Nifty was down by 56.20 points to close at 4040.00. BSE mid cap was down by 72.70 points to close at 5804.48 and BSE small cap was down by 50.98 points to close at 7173.41.

BSE Metal index closed at 8875.47, down 74.81 points as Tata steel, SAIL and Hindalco ended lower.

BSE auto index tumbled 103.53 points at 5458.67 as Hero Honda, Maruti Udyog, Tata motors and M&M ended in red.

BSE bank index slipped to end in red with 177.81 points down at 6998.97 as HDFC Bank, PNB, SBI and OBC ended lower.

BSE oil & gas index turned to end 30.68 points down at 6611.68 as HPCL, BPCL GAIL and ONGC plunged.

BSE Capital goods index gave up 83.92 points at 9415.57 as BHEL, L&T, Siemens and ABB ended in red.

BSE health cares index closed 79.69 points down at 3708.72 as Ranbaxy labs, Cipla and Dr Reddys Labs closed down.

BSE IT index plunged 46.45 points at 5392.13 as Infosys, Wipro and Satyam closed lower.

BSE FMCG index slipped 18.92 points at 1848.27 as HLL and ITC ended in red.

Mid Day Market Commentary

Market was trading with modest gains on back of selective buying interest seen across index pivotals in particulars Metal, Oil & gas and Auto stocks. Overall market breadth was negative as 1064 stocks advanced and 1315 stocks declined on BSE index.

At 12.45 pm, BSE sensex was at 14206.64 up by 18.15 points and Nifty was at 4109.05 up by 12.85 points. BSE Mid cap was down by 3.59 points to trade at 5873.59 while BSE small cap was up by 16.65 points to trade at 7241.04.

BSE metal index was surging 41.93 points at 8992.21 as NALCO (2.01%), Tata Steel (1.56%) and SAIL (0.77%) were in green.

Followed by BSE auto index was trading 14.88 points up at 5577.08 as M&M (1.65%), Maruti Udyog (0.60%) and Bajaj Auto (0.32%) were trading in green.

BSE Oil & gas index was adding 40.53 points at 6682.93 as GAIL (1.24%) and Reliance (1.01%) were up.

BSE capital goods index was trading 20.76 points up at 9520.25 as Suzlon (1.30%) and L&T (0.58%) were trading up.

BSE IT index was trading 17.19 points up at 5455.77 as TCS, Satyam, Wipro were trading in green.

BSE FMCG index was trading at 1873.97, up by 6.78 points as HLL (0.64%) and ITC (0.86%) were trading in green.

BSE Banks index was trading 67.13 points down at 7109.65 as HDFC Bank (1.77%), SBI (1.53%), and ICICI Bank (0.36%) were trading lower.

Pre Open Market Commentary

Indian market is likely to open on positive note today. Yesterday, market ended amid higher volatile, as participants were cautious due to F&O expiry and Budget. BSE sensex closed at 14188.49 down by 64.89 points while Nifty was down by 10.75 points to close at 4096.20. The outlook for the market is optimistic while volatility could not be denied on back of F&O expiry day. Wednesday, US markets closed mixed on back of issues regarding a potential firming in inflation rates that weighed on sentiment and exacerbated the temptation to book some profit. DOW closed down 48.23 points at 12738.41 while NASDAQ was 5.38 points up to close at 2518.42. The major stock markets in Asia are trading in positive territory on Thursday. Nikkei 225 index was adding 191.09 points at 18104.30. Hang Seng was up by 174.54 points at 20825.96 and Straits Times was up 9.87 points at 3300.48. Oil prices traded to around $60 a barrel.Today, Nifty has support at 4,075 and resistance at 4,155 and BSE Sensex has support at 14,085 and resistance at 14,450. However, it is our advice to watch trading session carefully. FIIs were net buyers to the tune of Rs473.90crores in equity (provisional) on 21st February 2007. Mutual funds were net purchasers to the tune of Rs2.95crores in equity (provisional) on 20th February 2007.

Post Session Market Commentary

Market ended in red after witnessing higher volatile, as the participants were cautious on back of F&O expiry week and Budget period. Overall market breadth was negative as 1079 stocks advanced and 1514 stocks declined on BSE. Sectoral indices closed mixed.

BSE sensex closed at 14,188.49 down by 64.89 points and Nifty was down by 10.75 points to close at 4096.20. BSE mid cap was down by 0.72 points to close at 5877.18 and BSE small cap was up by 9.66 points to close at 7224.39.

BSE Metal index surged 85.28 points at 8950.28 as Tata steel, SAIL and Hindalco ended in green.

BSE auto index added 24.78 points at 5562.20 as Hero Honda, Maruti Udyog, Tata motors and M&M ended in green.

BSE bank index turned to end in red with 9.46 points at 7,176.78 as HDFC Bank, PNB, SBI and OBC ended lower.

BSE oil & gas index turned to end 41.07 points down at 6642.36 as GAIL, ONGC and Reliance plunged.

BSE Capital goods index gave up 3.61 points at 9499.49 as Suzlon and ABB ended in green while BHEL and L&T ended in red.

BSE health cares index closed 9.78 points down at 3788.41 as Ranbaxy labs, Cipla and Dr Reddys Labs closed down.

BSE IT index plunged 95.25 points at 5438.58 as Infosys and Satyam closed lower.

BSE FMCG index slipped 13.64 points at 1867.19 as HLL and ITC ended in red.

Mid Day Market Commentary

Market was witnessing volatile trade and was trading in positive territory on back of selective buying seen in Auto, Capital goods, and Metal stocks. Overall market breadth was positive as 1212 stocks advanced and 1115 stocks declined on BSE index.

At 12.45 pm, BSE sensex was at 14286.32 up by 32.94 points and Nifty was at 4123.60 up by 16.65 points. BSE Mid cap was up by 23.05 points to trade at 5900.95 and BSE small cap was up by 46.00 points to trade at 7260.73.

BSE capital goods index was adding 108.04 points at 9611.14 as Suzlon (4.17%), ABB (1.63%), L&T (1.43%) were trading up.

Followed by BSE auto index was trading 63.81 points up at 5601.23 as M&M (2.15%), Maruti Udyog (1.4%) and Tata Motors (1.62%) were trading in green.

BSE metal index was trading up by 68.32 points at 8,933.32 as NALCO (2.01%), Tata Steel (1.05%) and SAIL (0.82%) were in green.

BSE Banks index was trading 43.76 points up at 7230.00 as HDFC (1.66%), SBI (0.76%), and ICICI Bank (0.47%) were trading in green.

BSE Oil & gas index was adding 23.86 points at 6707.29 as HPCL, BPCL IPCL, ONGC and Reliance were up.

BSE FMCG index was trading at 1873.82, down by 7.01 points as HLL and ITC were trading lower.

BSE IT index was trading 43.70 points down at 5490.13 as Infosys was trading lower while Wipro, TCS and Saytam were trading in green.

Pre Open Maket Commentary

Indian market is likely to open on cautious note today. Yesterday, market ended lower on back of profit booking in scrips across the index pivotals. BSE sensex closed at 14253.38 down by 149.52 points while Nifty was down by 57.60 points to close at 4106.95. The outlook for the market is cautious on back of F&O expiry week.

Tuesday, US markets closed in green on back of reassuring comments from Federal Reserve Governor Susan Bies, along with upbeat results from Wal-Mart Stores Inc. and merger news. DOW ended up 19.07 points at 12786.64 and NASDAQ was 16.73 points up to close at 2513.04.

The major stock markets in Asia are trading mixed on Wednesday. Nikkei 225 index was trading flat at 17937.74. Hang Seng was up by 0.2% and Straits Times was up 1%. Oil prices fell as much as 22 cents to $58.63 a barrel.

Today, Nifty has support at 4,075 and resistance at 4,155 and BSE Sensex has support at 14,035 and resistance at 14,350. However, it is our advice to watch trading session carefully.

FIIs were net buyers to the tune of Rs220.20crores in equity (provisional) on 20th February 2007. Mutual funds were net purchasers to the tune of Rs130.77crores in equity (provisional) on 19th February 2007.

Post Session Market Commentary

Market ended in red on back of selling activities seen across the index pivotals. Overall market breadth was negative as 684 stocks advanced and 1892 stocks declined on BSE. Sectoral indices closed lower.

BSE sensex closed at 14,253.38 down by 149.52 points and Nifty was down by 57.60 points to close at 4106.95. BSE mid cap was down by 73.05 points to close at 5877.90 and BSE small cap was down by 102.20 points to close at 7214.73.

BSE bank index tumbled 102.86 points at 7,186.24 as OBC, SBI, HDFC and ICICI Bank ended lower.

BSE auto index slipped 84.05 points at 5537.42 as Maruti Udyog, Tata motors and M&M ended in red.

BSE Metal index closed 41.67 points down at 8865.00 as NALCO and SAIL ended in red.

BSE oil & gas index turned the way and ended 49.98 points down at 6683.43 as ONGC, IPCL, and Reliance plunged.

BSE Capital goods index gave up 142.69 points at 9503.10 as Suzlon, L&T, and ABB ended in red.

BSE health cares index closed 5.29 points down at 3798.19 as Cipla and Dr Reddys Labs closed down.

BSE IT index ended 41.24 points down at 5533.83 as Infosys, Satyam, Wipro and TCS closed lower.

BSE FMCG index gave up 10.68 points at 1880.83 as HLL and Dabur ended in red.

Mid Day Market Commentary

After opening on positive note, Market slipped into negative territory and was continuing its journey in this region. While Health care and oil & gas stocks were witnessing buying interest whereas Auto, Bank and Capital goods stocks were witnessing selling activities. Overall market breadth was negative as 829 stocks advanced and 1556 stocks declined on BSE index.

At 12.45 pm, BSE sensex was at 14383.29 down by 19.6 points and Nifty was at 4148.50 down by 16.05 points. BSE Mid cap was down by 37.84 points to trade at 5913.10 and BSE small cap was down by 50.77 points to trade at 7266.15.

BSE Oil & gas index was adding 50.71 points at 6784.12 as HPCL (2.55%), Gail (2.20%), and Reliance (1.17%) were up.

BSE Health care index was trading at 3820.68, up by 17.19 points as Ranbaxy labs, Sun pharma and Dr Reddys were trading in green.

BSE Banks index was trading 39.66 points down at 7249.44 as HDFC (1.11%), PNB (0.64%), SBI (0.30%), and ICICI Bank (0.53%) were trading in red.

Followed by BSE auto index was trading 54.32 points down at 5567.14 as M&M (1.62%), Maruti Udyog (1.43%), Tata Motors (1.55%) and Bajaj auto (0.18%) were trading down.

BSE capital goods index was declining 57.18 points at 9588.61 as Suzlon (3.12%) and ABB (1.61%) were trading down.

BSE IT index was trading 7.00 points down at 5567.70 as Infosys and Wipro were trading in red.

Pre Open Market Commentary

Indian market is likely to open on cautious note today. Yesterday, market ended in green amid little bit profit booking across the index pivotals. BSE sensex closed at 14402.90 up by 47.35 points while Nifty was up by 18.35 points to close at 4164.55. The outlook for the market is guarded optimism and volatile on back of expiry of F& O contracts on 22nd February2007.

The major stock markets in Asia are trading mixed on Tuesday. Nikkei 225 index was slipping 98.71 points at 17,841.38. South Korea Seoul composite was flat at 1449.77 while Straits Times was trading 15.56 points down at 3236.93. London Brent Oil prices rose 31 cents to $58.45 a barrel.

Today, Nifty has support at 4,135 and resistance at 4,185 and BSE Sensex has support at 14,285 and resistance at 14,580. However, it is our advice to watch trading session carefully.

FIIs were net sellers to the tune of Rs6crores in equity (provisional) on 19th February 2007. Mutual funds were net purchasers to the tune of Rs104.88crores in equity (provisional) on 15th February 2007.

Post Session Market Commentary

Market ended in green on back of selective buying interest seen across the index pivotals. Overall market breadth was positive as 1326 stocks advanced and 1294 stocks declined on BSE. Sectoral indices closed mixed.

BSE sensex closed at 14,402.90 up by 47.35 points and Nifty was up by 18.35 points to close at 4164.55. BSE mid cap was down by 2.06 points to close at 5950.95 while BSE small cap was up by 26.67 points to close at 7316.93.

BSE bank index surged 106.39 points at 7289.10 as OBC (2.61%), SBI (0.65%), HDFC (0.33%) and ICICI Bank (3.15%) ended in green.

BSE auto index turned the way and ended 14.42 points down at 5621.47 as Hero Honda, Tata motors and M&M ended in red.

BSE Metal index added 30.44 points at 8906.67 as Tata Steel (0.85%) and SAIL (5.01%) in green.

BSE oil & gas index rose 28.07 points at 6733.41 as HPCL, BPCL, ONGC and Reliance ended in green.

BSE Capital goods index closed flat 5.89 points up to 9645.79 as Suzlon, L&T, and BHEL ended in red.

BSE health cares index closed flat at 3803.48 as Cipla, Dr Reddys Labs and Ranbaxy labs closed down.

BSE IT index ended up 9.37 points at 5575.07 as Infosys and Satyam ended red while Wipro and TCS closed up. Telecom pack closed mixed as Reliance comm (1.46%) ended red while Bharti Airtel (0.47%) ended in green.BSE FMCG index gave up 1.22 points at 1891.51 as ITC, HLL closed in green while Dabur ended in red.

Mid Day Market Commentary

After opening on firm note, Market was trading in positive territory on back of buying activities seen across the index pivotals. Overall market breadth was positive as 1609 stocks advanced and 807 stocks declined on BSE index.
At 12.35 pm, BSE sensex was at 14465.10 up by 109.55 points and Nifty was at 4176.25 up by 30.05 points. BSE Mid cap was up by 54.30 points to trade at 6007.31 and BSE small cap was up by 110.13 points to trade at 7400.39.
BSE Banks index was the top gainers and was trading 101.94 points up at 7284.65 as OBC (1.44%), SBI (0.88%), PNB (0.88%) and ICICI Bank (2.38%) were trading up.
Followed by BSE auto index that was trading 45.73 points up at 5681.62 as Maruti Udyog (2.83%), Tata Motors (0.95%) and Bajaj auto (0.86%) were trading up.
BSE Oil & gas index was adding 38.69 points at 6744.03 as HPCL (2.17%), BPCL (0.81%) and Reliance (1.14%) were up.
BSE capital goods index was surging 89.64 points at 9729.54 as Siemens (3.00%), L&T (1.11%), and ABB (1.96%) were trading up.
BSE IT index was trading 27.00 points up at 5592.70 as Infosys, Wipro, TCS and Satyam were trading in green.
BSE metals index was rising 48.09 points at 8924.32 as SAIL (1.89%) and Hindalco (0.33%) were trading up.

Pre Open Market Commentary

Indian market is likely to open on positive note today. Thursday 15th February 2007, market ended higher on back of firm global cues. BSE sensex closed at 14355.55 up by 345.65 points while Nifty was up by 99.10 points to close at 4146.20. The outlook for the market is guarded optimism.

Friday, US markets closed mixed when Commerce Department said construction of new homes and apartments sank 14.3% in January, the biggest drop in nearly 10 years. DOW ended up 2.56 points at 12767.57 and NASDAQ dropped 0.79 points to close at 2496.31.

Indian ADRs closed in green on Friday. In the technology sector, while Sify ended up 1.00%, Wipro rose 0.60% and Infosys closed up by 0.39%, Satyam rose 0.34%. Tata Motors closed up 0.10%. Among banks, HDFC Bank added 0.61% and ICICI Bank closed rose 0.52%. In the telecom space, VSNL rose 1.04% while MTNL ended up 0.15%.

The major stock markets in Asia are trading higher on Monday. Nikkei 225 index was adding 42.59 points at 17918.24. KOSPI gained 5.18 points at 1448.81 while Straits Times was slipping 15.56 points at 3236.93. Oil prices fell as much as 52 cents to $58.87 a barrel.Today, Nifty has support at 4,085 and resistance at 4,175 and BSE Sensex has support at 14,185 and resistance at 14,450. However, it is our advice to watch trading session carefully.

FIIs were net buyers to the tune of Rs210.50crores in equity (provisional) on 15th February 2007. Mutual funds were net purchasers to the tune of Rs481.14crores in equity (provisional) on 14th February 2007

Post Session Market Commentary

Market closed higher on back of positive sentiment from global market that instigated participants for heavy buying across the index pivotals. Overall market breadth was positive as 2040 stocks advanced and 473 stocks declined on BSE. Sectoral indices closed in green. BSE sensex closed at 14,355.55 up by 345.65 points and Nifty was up by 99.10 points to close at 4146.20. BSE mid cap was up by 152.99 points to close at 5953.01 and BSE small cap was up by 222.44 points to close at 7290.26.BSE bank index surged 205.83 points at 7182.71 as OBC (2.45%), SBI (1.79%), HDFC Bank (3.13%) and ICICI Bank (3.73%) ended in green.BSE auto index ended higher 156.35 points at 5635.89 as Tata motors, Maruti Udyog, Hero Honda and M&M ended in green.BSE Metal index gained 258.25 points at 8876.23 as Hindalco, Tata Steel, SAIL and Nalco closed in green.BSE oil & gas index edged up 108.81 points at 6705.34 as ONGC, IPCL and Reliance ended in green.BSE Capital goods index jumped 3.2% to 9639.90 as L&T, ABB, BHEL and Siemens ended green.BSE health cares index added 69.50 points at 3803.39 as Cipla, Dr Reddys Labs and sun pharma closed up.BSE IT index closed higher 203.00 points up at 5565.70 as Infosys (5.45%), Wipro (4.82%) and TCS closed up. Telecom pack closed in green as Reliance comm (3.33%) and Bharti Airtel (4.17%) ended in green.BSE FMCG index added 23.92 points at 1892.73 as ITC, HLL and Dabur ended in green.

Mid Day Market Commentary

Market was trading strong after opening higher on back of buying activities seen across the index pivotals. Overall market breadth was positive as 2041 stocks advanced and 366 stocks declined on BSE index.At 12.50 pm, BSE sensex was at 14297.50 up by 287.60 points and Nifty was at 4131.7 up by 84.89 points. BSE Mid cap was up by 151.42 points to trade at 5951.45 and BSE small cap was up by 222.34 points to trade at 7290.17.BSE Banks index recovered the yesterday loss and was trading 182.77 points up at 7159.65 as OBC (2.84%), SBI (2.04%), PNB (6.03%), ICICI Bank (2.75%)and HDFC Bank (2.55%) were trading up.Followed by BSE auto index that was trading 128.60 points up at 5607.95 as Hero Honda (3.01%), M&M (3.80%) and Maruti Udyog (3.30%) were trading up. BSE Oil & gas index was adding 133.03 points at 6729.56 as BPCL (3.88%), ONGC (1.80%) and Reliance (2.03%) were up.BSE capital goods index was surging 240.17 points at 9578.94 as L&T (3.79%), BHEL (2.72%) and ABB (2.20%) were trading up.BSE IT index was trading 112.75 points up at 5475.45 as Infosys, Wipro, TCS and Satyam were trading in green.BSE metals index was rising 185.59 points at 8803.57 as Nalco (4.36%), SAIL (3.27%), Hindalco (1.23%) and Tata steel (1.24%) were trading up.

Post Session Market Commentary

Market closed mixed after witnessing higher volatility. Nifty crossed the odds to end in green while BSE sensex closed in red. Market opened on scary note and was trading in negative territory through out the day due to selling pressure seen in index pivotals. Overall market breadth was negative as 996 stocks advanced and 1474 stocks declined on BSE. Sectoral indices closed mixedBSE sensex closed at 14,009.90 down by 81.08 points while Nifty was up by 2.55 points to close at 4047.10. BSE mid cap was up by 14.74 points to close at 5800.02 while BSE small cap was down by 20.33 points to close at 7067.82.BSE bank index tumbled 289.86 points at 6976.88 as OBC (7.19%), SBI (5.74%), HDFC Bank (4.77%) and ICICI Bank (4.59%) ended in red.BSE auto index ended lower 60.20 points at 5479.35 as Bajaj auto (1.08%), Tata motors (0.89%) and Maruti Udyog (3.24%) ended in red.BSE Metal index gained 132.49 points at 8617.98 as Hindalco (3.33%), Tata Steel (1.98%), SAIL (1.25%) and Nalco (4.89%) closed in green.BSE oil & gas index edged up 47.99 points at 6596.53 as ONGC (1.96%), IPCL (1.94%) and Reliance (1.46%) ended in green.BSE Capital goods index ended flat as ABB, BHEL and Siemens ended green while L&T and Suzlon ended in red.BSE health cares index added 9.76 points at 3733.89 as Ranbaxy Labs (1.09%) and Cipla (0.64%) closed up.BSE IT index closed flat as Infosys ended lower while Wipro and TCS closed up. Telecom pack closed in green as Reliance comm (2.84%) and Bharti Airtel (3.17%) ended in green.BSE FMCG index added 2.78 points at 1868.81 as ITC and Dabur ended in green.

Mid Day Market Commentary

Market was trying to recover morning losses but still trading in negative territory on back of heavy selling pressure across the index pivotals in particulars Bank, auto and capital goods stocks. Overall market breadth was significantly negative as 644 stocks advanced and 1696 stocks declined on BSE index.

At 12.45 pm, BSE sensex was at 13,947.15 down by 143.83 points and Nifty was at 4021 down by 23.55 points. BSE Mid cap was down by 61.51 points to trade at 5723.77 and BSE small cap was down by 84.45 points to trade at 7003.70.

BSE Banks index was the top losers on back of increased in CRR ratio by RBI and was plunged by 375.18 points or 5.16% points to trade at 6891.56 as OBC (7.62%), SBI (6.13%), PNB (6.03%), ICICI Bank (5.03%)and HDFC Bank (4.56%) were trading lower.

Followed by BSE auto index that was trading 103.17 points down at 5436.38 as Bajaj auto (0.92%), M&M (3.21%) and Maruti Udyog (4.43%) were trading in red.

BSE Oil & gas index was losing 11.07 points at 6537.47 as BPCL (1.43%) and GAIL were down while ONGC (0.36%) and Reliance (0.52%) were up.

BSE capital goods index was trading 117.51 points down at 9217.27as Suzlon (2.83%), BHEL (0.52%) and L&T (0.82%) were trading down.

BSE IT index was trading 36.45 points down at 5330.09 as Infosys (0.87%) and Satyam (0.63%) were trading in red.

However, BSE metals index was surging 85.00 points at 8570.49 as Nalco (3.84%), Hindalco (1.54%) and Tata steel (0.73%) were trading up.

Pre Open Market Commentary

Indian market is likely to open on lower today. Yesterday, market ended lower amid higher volatility due to the issues regarding inflation and interest rate. BSE sensex closed at 14090.98 down by 99.72 points and Nifty was down by 13.75 points to close at 4044.55. The outlook for the market is cautious as RBI hiked CRR by 50 basis points to 6 per cent.

Tuesday, US markets surged on back of takeover news (Alcola bid) that showed some strength in global economy and rebounding oil prices. DOW ended up 102.30 points at 12654.85 and NASDAQ rose by 9.50 points to close at 2459.88.

Indian ADRs closed in red on Tuesday. In the technology sector, while Sify ended up 1.49%, Wipro rose 2.37% and Infosys slipped 2.66%, Satyam tumbled 2.25%. Tata Motors closed down 2.11%. Among banks, HDFC Bank tumbled 5.98% and ICICI Bank closed lower 5.98%. In the telecom space, VSNL plunged 3.27% while MTNL ended up 1.57%.

The major stock markets in Asia are trading higher on Wednesday. Nikkei 225 index was adding 106.29 points at 17727.74. KOSPI rose 19.74 points at 1438.18 and Straits Times advanced 33.86 points at 3183.02. Oil prices surged $1.29 to settle at $59.06 a barrel.Today, Nifty has support at 3975 and resistance at 4,125 and BSE Sensex has support at 13870 and resistance at 14,335. However, it is our advice to watch trading session carefully.

FIIs were net purchasers to the tune of Rs218.70crores in equity (provisional) on 13th February 2007. Mutual funds were net sellers to the tune of Rs389.38crores in equity (provisional) on 12th February 2007.

Post Session Market Commentary

Today, market closed in red after witnessing higher volatility. It opened lower and bounced back on back of buying interest seen in Auto, capital goods and oil & gas but had lost the ground during final hours of trade due to profit booking in index pivotals. Overall market breadth turned negative as 1032 stocks advanced and 1456 stocks declined on BSE. Sectoral indices closed lower except oil & gas.

BSE sensex closed at 14,090.98 down by 99.72 points and Nifty was down by 13.75 points to close at 4044.55. BSE mid cap was down by 36.17 points to close at 5785.28 and BSE small cap was down by 39.11 points to close at 7088.15.

BSE oil & gas index edged up 71.36 points at 6548.54 as Gail (2.79%), ONGC (2.45%), and Reliance (1.55%) ended in green.

BSE Metal index was the top losers with 130.94 points at 8485.49 as Hindalco (4.32%) and Tata Steel (2.52%) ended in red while SAIL (1.02%) and Nalco (1.33%) closed in green.

BSE Capital goods index ended lower by 91.14 points to close at 9334.78 as L&T (3.03%), Siemens (1.11%) and BHEL (0.56%) ended red.

BSE health cares index tumbled 19.65 points at 3724.13 as Glaxosmithkline (1.86%) and Cipla (1.71%) declined.

BSE bank index slipped 96.09 points at 7266.74 as HDFC (2.73%), HDFC Bank (2.35%), ICICI Bank (1.06%) and SBI (0.65%) ended in red.

BSE IT index closed 57.22 points down at 5366.54 as Infosys and Satyam ended lower while Wipro and TCS closed up.

BSE auto index turned in negative territory and ended lower 14.94 points at 5539.55 as Bajaj auto (3.27%) and Tata motors (0.57%) closed in green while M&M, Hero Honda and Maruti Udyog ended in red.

BSE FMCG index closed 17.41 points down at 1866.03 as ITC (0.06%), Dabur (1.67%) and HLL (0.57%) plunged.

Mid Day Market Commentary

After opening lower, Market made a smart recovery to trade in positive territory on back of buying seen in index pivotals especially in auto, capital goods and oil & gas stocks. Overall market breadth was positive as 1541 stocks advanced and 850 stocks declined on BSE index.

At 12.30 pm, BSE sensex was at 14,294.68 up by 103.98 points and Nifty was at 4103.65 up by 45.35 points. BSE Mid cap was up by 66.28 points to trade at 5887.73 and BSE small cap was up by 108.26 points to trade at 7235.52.


BSE auto index was trading with 102.17 points up at 5656.75 as Bajaj auto (4.06%), Tata motors (1.94%) and Maruti Udyog (0.76%) were trading in green.


BSE Oil & gas index was rising 119.51 points at 6596.69 as ONGC (2.43%), HPCL (1.51%), IPCL (0.96%), and Reliance (1.35%) were up.
BSE capital goods index was trading 102.19 points up at 9529.11 as Suzlon (4.06%) ABB (1.42%), BHEL (0.87%) and siemens (1.91%) were trading up.


BSE Banks index was adding 53.29 points to trade at 7416.12 as ICICI Bank (1.26%), OBC (1.19%) and SBI (1.08%) were trading in green.


BSE metals index was up 3.09 points at 8619.52 as SAIL (2.79%) and Nalco (1.54%) was up while Hindalco (2.21%) and Tata steel (0.92%) down.
BSE IT index was trading 30.55 points to trade at 5454.31 as HCL Tech (2.11%), Wipro (2.09%) and Satyam (1.45%) were trading up.


BSE FMCG index was down 16.39 points at 1867.05 as ITC (0.83%) and HLL (1.28%) were trading in red.

Pre Open Market Commentary

Indian market is likely to open lower today. Yesterday, market closed in deep red due to intensive selling pressure across the index pivotals. As a result, BSE sensex closed at 14190.70 down by 348.20 points and Nifty was down by 129.10 points to close at 4058.30. The outlook for the market is cautious on back of weak global cues.

Monday, US markets closed lower on back of failure of several closely watched acquisitions deals and concern on release of economic data. DOW closed down 28.28 points at 12552.55 and NASDAQ was down by 9.44 points to close at 2450.38.

Indian ADRs closed in red on Monday. In the technology sector, Infosys slipped 0.74% and Sify ended down 0.69%, Wipro closed down 0.86% and Satyam dropped 1.53%. Tata Motors tumbled 2.60%. Among banks, HDFC Bank tumbled 1.04% and ICICI Bank closed lower 2.61%. In the telecom space, VSNL plunged 9.99% and MTNL slipped 7.80%.

The major stock markets in Asia are trading lower on Tuesday. Nikkei 225 index was adding 110.45 points at 17398.58. KOSPI slipped 2.98 points at 1411.31 and Straits Times tumbled 9.81 points at 3160.65. Oil prices dropped $2 to settle below $58 a barrel.

Today, Nifty has support at 4025 and resistance at 4,155 and BSE Sensex has support at 14,030 and resistance at 14,335. However, it is our advice to watch trading session carefully.

FIIs were net sellers to the tune of Rs1204crores in equity (provisional) on 12th February 2007. Mutual funds were net sellers to the tune of Rs190.83crores in equity (provisional) on 9th February 2007.

Post Session Market Commentary

There was no respite for the markets during the final trading hour as relentless selling pressure led the indices to close well below the dotted line. Selling was seen across the board with stocks from the engineering, telecom and metal sectors being the key losers. Buying interest was, however, witnessed in select banking, auto and FMCG stocks. As regards global markets, while the Asian indices closed a mixed bag, the European indices are currently trading lower.

The BSE Sensex closed at 14,191 (down 348 points) while the NSE Nifty closed at 4,058 (down 129 points). The rupee was trading at 44.16 to the dollar.

The bears stamped their authority on the bourses today relegating the bulls to the sidelines for the entire trading session.

The opening was on a weak note and further bouts of profit booking by investors led the indices to make deeper inroads into the red. Post noon, though there was no let up in the selling activity, the movement of the indices was largely within a range. The final trading hour saw renewed selling activity by the participants causing the markets to close well below Friday''s levels. The market breadth was negative with the advance-decline ratio on the Sensex being completely in favour of the latter. While Hindalco (down by as much as 14%), BHEL (6%) and Ambuja Cement (5%) emerged as the top losers on the Sensex, HLL and Hero Honda (both up marginally) managed to buck the trend.

Mid-day Market Commentary

Though still well into the negative territory, markets pared some of its losses during the previous hour of trade. However, currently not even a single stock is trading firm on the NSE indicating the negative mood prevailing amongst participants. Selling is being witnessed across all sectors with aluminium, telecom and engineering stocks being the major losers. Even the CNX Midcap index is down 4%. The BSE Sensex is trading at 14,253 (down 286 by points) while the NSE Nifty is trading at 4,083 (down 105 points). The rupee is trading at 44.18 to the dollar. Tea major, Tata Tea is looking to spin off its bottled water business into a separate company. The group''s bottled water business currently includes a 30% stake in US'' third largest bottled water company Energy Brands Inc (Glaceau). The decision to spin-off could help the group minimise the impact of the Glaceau acquisition on the balance sheet of Tata Tea. With the acquisition, the company faced a lot of pressure on interest costs in 3QFY07. The stock, along with its group company Tata Coffee, is trading 3% lower. Glenmark Pharmaceuticals is planning to enter the European market by acquiring a front-end pharmaceutical company for about Rs 1 bn. Though the name of the target company is not disclosed, it is in Central Europe and has a strong marketing force and some approved products. Glenmark is already present in over 80 countries including the US in the business of finished products and key ingredients called APIs. It is strong in therapeutic segments such as dermatology, internal medicine, paediatrics, gynaecology, diabetes and oncology. The acquisition will help the company increase its presence in European region. The stock, along with its peer Ranbaxy, is trading 3% lower.

Pre Open Market Commentary

The domestic bourses is looking weak as most of world indices closed in negative. The Key Asian indices were mixed on Friday. Japans Nikkei average was up 0.6, Hang Seng was down .37 whereas the markets in Singapore, Taiwan and South Korea were flat. Crude for the first time crossed the level of $ 60 in this month on the news of falling exports from producer group OPEC and an outage at a US Oilfield.The outlook for the market is cautious.

Post Session Market Commentary

After opening on positive note, market was trading through the day in negative territory and ended lower due to profit booking in index pivotals. Overall market breadth was highly negative as 560 stocks advanced and 2030 stocks declined on BSE. Sectoral indices closed lower.

BSE sensex closed at 14538.90 down by 113.19 points and Nifty was down by 30.00 points to close at 4187.40. BSE mid cap was down by 108.76 points to close at 6064.79 and BSE small cap was down by 160.97 points to close at 7490.10.

BSE Metal index was the top losers with 161.05 points at 9114.05 as SAIL (1.73%), Hindalco (1.34%) and Tata Steel (1.89%) ended in red.

BSE Capital goods index tumbled 136.83 points to close at 9939.61 as L&T (2.60%), ABB (0.27%) and BHEL (0.18%) ended red.

BSE health cares index slipped 57.94 points at 3842.94 as Cipla (2.10%) and Sun Pharma (1.66%), Dr. Reddys labs (1.56%) and Ranbaxy labs (1.51%) declined.

BSE bank index closed 34.52 points down at 7560.31 as ICICI Bank (0.97%), SBI (0.77%) and HDFC Bank (0.15%) ended in red.

BSE oil & gas index dropped 56.49 points at 6631.51 as IPCL (2.69%), HPCL (2.04%), BPCL (1.59%), ONGC (1.45%) and Reliance (0.72%) ended in red.

BSE IT index closed 41.76 points down at 5479.15 as Satyam (3.67%), TCS (1.48%) and Infosys (0.72%) ended lower.

BSE auto index plunged 38.43 points at 5750.52 as Bajaj auto (0.67%) and Tata motors (0.59%) closed in green while M&M, Hero Honda and Maruti Udyog ended in red.

Telecom pack was lower as MTNL (4.39%), VSNL (3.06%), Reliance comm (2.67%) and Bharti Airtel (2.05%) closed in red.

BSE FMCG index closed 10.06 points down at 1901.17 as ITC (0.37%), Dabur (1.15%%) and HLL (1.61%) plunged.

Mid Day Market Commentary

Market was slipping into negative territory on back of selling activities seen in index heavyweight. Overall market breadth was significantly negative as 652 stocks advanced and 1805 stocks declined on BSE index. Metal, IT, Health cares and capital goods were out of favor while selective buying was seen in auto.At 12.40 pm, BSE sensex was at 14,532.93 down by 119.16 points and Nifty was at 4182.50 down by 40.89 points. BSE Mid cap was down by 99.26 points to trade at 6074.29 and BSE small cap was down by 127.15 points to trade at 7523.92.BSE auto index was trading flat as Bajaj auto (2.67%) and Tata motors (1.25%) were trading in green while Maruti Udyog and Hero Honda slipping.BSE Banks index tumbled 74.62 points to trade at 7520.21 as ICICI Bank (0.97%), SBI (1.23%) and HDFC Bank (0.70%) were trading in red. BSE metals index was tripping 153.48 points at 9121.62 as SAIL (0.78%) and Tata steel (1.70%) was down while Hindalco (0.11%) up.BSE capital goods index was down 103.90 points at 9972.54 as ABB (0.69%), BHEL (0.26%), siemens (1.41%) and L&T (0.97%) were trading down.BSE IT index was falling 60.27 points to trade at 5460.64 as Satyam (3.20%), Infosys (1.22%) and HCL Tech (0.48%) were trading in red.BSE FMCG index was down 10.04 points at 1901.19 as Dabur (0.91%) and HLL (0.903%) were trading down. In Telecom pack: Reliance comm (2.26%), MTNL (3.14%), VSNL (2.97%) and Bharti Airtel (1.10%) were trading down.BSE Oil & gas index was trading 49.23 points down at 6638.77 as GAIL (0.93%), IPCL (1.14%), and Reliance (0.15%) were down.

Pre Open Market Commentary

Indian market is likely to open on positive note today. Yesterday, market closed flat after trading in negative territory for major part of the day. As a result, BSE sensex closed at 14652.13 up by 8.96 points and Nifty was down by 0.85 points to close at 4223.40. The outlook for the market is guarded optimism and may follow the track of Asian market recovery.

Thursday, US markets closed lower as uncertainty about decelerating profit growth in particulars Home builder and retail sectors. DOW closed down 29.24 points at 12637.63 and NASDAQ was down by 1.83 points to close at 2488.67.

Indian ADRs closed lower on Thursday. In the technology sector, while Infosys slipped 0.07% and Sify edged up 2.02%, Wipro gained 0.11% and Satyam down 0.86%. Tata Motors ended down 1.22%. Among banks, HDFC Bank tumbled 0.69% while ICICI Bank edged up 1.32%. In the telecom space, VSNL plunged 1.06% while MTNL unchanged.

The major stock markets in Asia are trading higher on Friday. Nikkei 225 index was adding 106.10 points at 17398.58. KOSPI firmed up 2.15 points at 1425.73 and Straits Times rose 2.55 points at 3220.31. Oil prices surged $2 to settle at $59.71a barrel as energy traders rushed back into the market amid frigid temperatures in the United States and political tension overseas.

Today, Nifty has support at 4185 and resistance at 4,245 and BSE Sensex has support at 14,375 and resistance at 14,750. However, it is our advice to watch trading session carefully.

FIIs were net purchasers to the tune of Rs545.40crores in equity (provisional) on 8th February 2007. Mutual funds were net sellers to the tune of Rs37.84crores in equity (provisional) on 7th February 2007.

Post Session Market Commentary

Market witnessed choppy trade through the day and ended flat due to lack of participations. Overall market breadth was negative as 984 stocks advanced and 11607 stocks declined on BSE. Selective selling activities were seen in Metal, auto, pharma and FMGC while selective buying were seen in Banking, Oil & gas and capital goods index. BSE sensex closed at 14652.13 up by 8.96 points and Nifty was down by 0.85 points to close at 4223.40. BSE mid cap was down by 13.31 points to close at 6173.55 and BSE small cap was down by 46.74 points to close at 7651.07. BSE bank index advanced 67.78 points at 7594.83 as ICICI Bank (1.58%), OBC (0.87%), HDFC Bank (0.73%) and SBI (0.71%) ended in green. BSE Capital goods index gained 21.20 points to close at 10,076.44 as L&T (0.90%), ABB (0.68%) and BHEL (0.45%) ended green. BSE oil & gas index closed flat at 6688.00 as HPCL (1.27%), BPCL (1.19%), ONGC (0.15%) and Reliance (0.48%) ended in greenBSE IT index closed flat at 5520.91 as Infosys (0.72%) ended in green while HCL tech (1.07%) , Satyam(1.05%) and Wipro (0.80%) ended lower. BSE Metal index tumbled 151.23 points at 9275.10 as SAIL (1.89%), Hindalco (3.96%) and Tata Steel (0.85%) ended in red. BSE auto index plunged 20.40 points at 5788.95 as Bajaj auto (2.55%), M&M (1.52%), Hero Honda (0.94%) and Tata motors (0.92%) ended in red. BSE health cares index slipped 6.62 points at 3900.88 as Cipla (1.32%) and Sun Pharma (0.13%) declined. Telecom pack was mixed today as VSNL (0.70%) and Bharti Airtel (1.14%) closed in red while Reliance comm (1.01%) closed in green. BSE FMCG index closed 3.01 points down at 1911.23 as ITC (0.26%) was up while Dabur (1.14%%) and HLL (1.13%) plunged.

Mid Day Market Commentary

Market opened firm on back of yesterday momentum but slipped into negative territory on back of selective profit booking in index heavyweight. Overall market breadth was significantly negative as 867 stocks advanced and 1613 stocks declined on BSE index. Metal, Auto and capital goods stocks were witnessing selling activities while Banking was in favor.

At 12.50 pm, BSE sensex was at 14,534.26 down by 108.87 points and Nifty was at 4197.35 down by 26.89 points. BSE Mid cap was down by 36.26 points to trade at 6150.60 and BSE small cap was down by 71.67 points to trade at 7626.14.

BSE Banks index was edging up 32.94 points at 7559.99 as ICICI Bank (0.60%), SBI (0.51%) and HDFC Bank (0.17%) were trading in green.

BSE metals index was top loser with giving up 147.74 points at 9278.59 as SAIL (1.93%), Hindalco (2.94%) and Tata steel (0.98%) were down.

BSE capital goods index was down 82.09 points at 9973.15 as ABB (1.57%) and BHEL (0.86%) were trading up while siemens (0.91%) and L&T (2.14%) were trading down.

BSE auto index plunged 33.86 points to trade at 5775.49 as Bajaj auto (2.53%), Hero Honda (1.65%) and M&M (1.65%) were trading lower.

BSE IT index was tumbled 51.43 points to trade at 5472.79 as Satyam (1.91%), Infosys (0.77%) HCL Tech (0.84%), and Wipro (1.14%) trading in red.

BSE FMCG index was slipping 17.93 points at 1896.31 as ITC (1.39%), Dabur (1.22%) and HLL (1.13%) were trading down.

In Telecom pack: Reliance comm (1.83%), VSNL (2.18%) and Bharti Airtel (1.48%) were trading down.

BSE Oil & gas index was trading 30.31 points down at 6656.99 as GAIL (1.92%), IPCL (1.68%), and Reliance (0.64%) were down.

Pre Open Market Commentary

Indian market is likely to open on positive note today. Yesterday, market closed higher as investors cheered on the news regarding estimated GDP growth of 9.2% that was above the RBI''s forecast of 8.5-9% in financial year ending March 2007. As a result, BSE sensex closed at 14643.13 up by 164.94 points and Nifty was up by 28.35 points to close at 4224.25. The outlook for the market is guarded optimism with volatility as the global cues are not impressive.

Wednesday, US markets closed flat as after falling oil prices hurt energy stocks and overshadowed a stronger-than-expected productivity reading. DOW closed up 0.56 points at 12666.87 and NASDAQ was up by 19.01 points to close at 2490.50.

Indian ADRs closed mixed on Wednesday. In the technology sector, while Infosys edged up 3.01% and Sify edged up 3.25%, Wipro gained 1.87% and Satyam up 1.83%. Tata Motors ended down 1.35%. Among banks, HDFC Bank closed up 1.40% and ICICI Bank edged up 2.49%. In the telecom space, VSNL gained 2.30% while MTNL ended down 0.95%.

The major stock markets in Asia are trading lower on Thursday. Nikkei 225 index was adding 44.93 points at 17337.25. Hang Seng was down 229.68 points at 20450.01, KOSPI plunged 9.36 points at 1416 and Straits Times fell 15.79 points at 32220.81. Oil price closed below at $58 a barrel.

Today, Nifty has support at 4185 and resistance at 4,245 and BSE Sensex has support at 14,375 and resistance at 14,750. However, it is our advice to watch trading session carefully.

FIIs were net purchasers to the tune of Rs656.00crores in equity (provisional) on 7th February 2007. Mutual funds were net sellers to the tune of Rs28.28crores in equity (provisional) on 6th February 2007.

Post Session Market Commentary

Despite mix global cues, Market moved in upward direction on back of buying activities seen across the index pivotals. As a result, bourses ended with all time high. Overall market breadth was flat as 1303 stocks advanced and 1333 stocks declined on BSE. Auto, IT, Banking capital goods and Metal stocks showed buying activities while selective selling activities were seen in oil & gas and FMCG stocks.

BSE sensex closed at 14643.13 up by 164.94 points and Nifty was up by 28.35 points to close at 4224.25. BSE mid cap was up by 4.51 points to close at 6186.86 and BSE small cap was up by 35.06 points to close at 7697.81.

BSE IT index jumped 127.51 points at 5533.20 as Infosys (3.88%), HCL tech (1.29%) and TCS (0.89%) ended higher.

BSE auto index added 83.22 points at 5807.82 as Bajaj auto (8.94%), M&M (0.19%), Hero Honda (2.56%) and Maruti Udyog (0.18%) ended green.

BSE Capital goods index gained 96.79 points to close at 10,055.37 as L&T (2.15%) , ABB(0.13%) and siemens (1.23%) ended green.

BSE bank index added 100.14 points at 7526.74 as ICICI Bank (2.42%), HDFC Bank (1.75%) OBC (0.58%) ended in green.

BSE health cares index closed at 3911.28, up by 32.10 as Cipla (3.14%) and Sun Pharma (1.00%) advanced.

Telecom pack was mixed today as VSNL (3.6%) and Bharti Airtel (0.18%) closed in green while Reliance comm closed down.

BSE Metal index rose 125.06 points to close at 9408.83 as SAIL (4.82%) and Hindalco (3.75%) ended in green while Tata Steel (0.41%) ended in red.

BSE oil & gas index gave up 18.87 points to close at 6687.54 as HPCL (0.86%), BPCL (2.94%), and ONGC (1.67%) ended in red while Reliance (0.34%) ended in green.

BSE FMCG index closed 4.18 points down at 1914.59 as ITC (0.26%) and Dabur (1.14%%) closed in green while HLL plunged.

Mid Day Market Commentary

After opening on positive note, market was trading with handsome gains on back of buying interest seen across the index pivotals. Overall market breadth was positive as 1549 stocks advanced and 953 stocks declined on BSE index. Auto, Banking, IT, Metal and capital goods stocks were witnessing buying activities.

At 12.50 pm, BSE sensex was at 14,617.48 up by 139.28 points and Nifty was at 4224.15 up by 28.25 points. BSE Mid cap was up by 46.71 points to trade at 6229.06 and BSE small cap was up by 86.29 points to trade at 7749.04.

BSE auto index was advancing 95.86 points at 5820 as Bajaj auto (6.42%), Hero Honda (2.2%), M&M (0.73%) and Tata motors (0.21%) were trading up.

BSE Banks index was edging up 110.22 points at 7536.82 as ICICI Bank (1.86%), SBI (0.14%) and PNB (0.09%) advancing.

BSE capital goods index was gaining 127.75 points at 10,086.33 as L&T (1.88%), ABB (0.49%), and siemens (0.73%) were trading up.

BSE Health index was trading at 3910.60 up by 31.42 points as Cipla (1.58%), Ranbaxy Labs (1.20%), and Sun pharma (0.23%) were rising.

BSE IT index was up 59.16 points to trade at 5464.85 as Infosys (1.63%) HCL Tech (1.96%), and Wipro (0.98%) trading in green.

BSE metals index was adding 94.09 points at 9377.86 as SAIL (1.13%), Hindalco (2.60%) and NALCO (0.51%) were up.

BSE FMCG index was trading flat as ITC (0.54%) and Dabur (1.14%) were trading up while HLL down.

In Telecom pack: Reliance comm (0.42%), VSNL (2.55%) and Bharti Airtel (0.83%), MTNL (1.61%) were trading up.

BSE Oil & gas index was trading flat as HPCL (0.44%), BPCL (1.30%) and ONGC (0.29%) were down while Reliance (0.54%) was up.

Pre Open Market Commentary

Indian market is likely to open lower today. Yesterday, market closed lower on back of profit booking by the participants. As a result BSE sensex closed at 14478.19 down by 37.71 points and Nifty was down by 19.45 points to close at 4195.90. The outlook for the market is cautious and some profit booking may be seen, as the global cues are not impressive.

Tuesday, US markets closed with modest gains as investors found little motivation on back of Fed remarks which made no mention of interest rates or the economy and also shrugged off a warning from chip maker National Semiconductor Inc. DOW closed up 4.57 points at 12666.31 and NASDAQ was up by 0.89 points to close at 2471.49.

Indian ADRs closed mixed on Tuesday. In the technology sector, while Infosys ended down 0.37% and Sify edged up 2.38%, Wipro gained 0.91% and Satyam up 1.27%. Tata Motors ended up 0.53%. Among banks, HDFC Bank closed flat and ICICI Bank edged up 1.33%. In the telecom space, Videsh Sanchar Nigam slipped 3.57% and MTNL ended down 1.07%.

The major stock markets in Asia are trading lower on Wednesday. Nikkei 225 index slipped 168.18points at 17238.68. Hang Seng was down 15.03 points at 20640.17, KOSPI plunged 5.53 points at 1423.05 while Straits Times rose 11.28 points at 3234.53. Oil price closed below at $59 a barrel.

Today, Nifty has support at 4175 and resistance at 4,225 and BSE Sensex has support at 14,275 and resistance at 14,575. However, it is our advice to watch trading session carefully.

Post Session Market Commentary

Market closed lower on back of some profit booking seen in index heavyweight. Auto, IT, capital goods and Bank stocks were showing selective buying activities while selective selling activities were seen in Metal, Telecom, oil & gas and consumer durables stocks. Overall market breadth was positive as 1338 stocks advanced and 1249 stocks declined on BSE.

BSE sensex closed at 14478.19 down by 37.71 points and Nifty was down by 19.45 points to close at 4195.90. While BSE mid cap was up by 27.11 points to close at 6182.35 and BSE small cap was up by 7.10 points to close at 7662.75.

BSE auto index added 11.81 points to close at 5724.60 as M&M (0.33%), Bajaj auto (0.08%) ended in green while Tata Motors and Maruti Udyog (2.16%) ended in red.

BSE Capital goods index gained 37.61 points to close at 9958.58 as Suzlon energy (2.03%), L&T (0.48%) and siemens (0.26%) ended green.

BSE bank index added 11.58 points to close at 7426.60 as ICICI Bank (1.62%), OBC (1.23% ended in green while HDFC, SBI and HDFC Bank ended in red.

BSE IT index gained 18.64 points to close at 5404.69 as Wipro and HCL tech up while Infosys and TCS ended down.

BSE health cares index closed flat as Sun Pharma (1.85%) and Glaxosmithkline (1.36%) closed in red while Ranbaxy Labs (1.35%) advanced.

Telecom pack was weak today as Reliance comm. (5.14%), VSNL (3.805) and Bharti Airtel (1.54%) closed lower.

BSE Metals index tumbled 61.97 points to close at 9283.77 as SAIL (0.05%), Hindalco (2.05%) and Tata Steel (1.06%) ended in red.

BSE oil & gas index gave up 8.83 points to close at 6706.41 as HPCL (2.35%) BPCL (1.03%), Reliance (0.13%) ended in red.

BSE FMCG index closed down 6.78 points to close at 1918.77 as ITC (1.83%) ended red while Dabur (3.45%) and HLL (0.31%) closed in green.

Mid Day Market Commentary

After opening in positive note, market slipped into negative territory and was showing choppy trade on back of participants were adopting cautious approach. Overall market breadth was positive as 1520 stocks advanced and 992 stocks declined on BSE index. While Banking Health care, and metals were witnessing buying activities while oil & gas, auto and consumer durable were unfavorable.

At 12.50 pm, BSE sensex was at 14,552.40 up by 36.50 points while Nifty was at 4209.25 down by 6.10 points. BSE Mid cap was up by 55.63 points to trade at 6210.87 and BSE small cap was up by 52.54 points to trade at 7708.19.

BSE Banks index was advancing 110.76 points to trade at 7525.78 as ICICI Bank (2.58%), PNB (1.14%) SBI (0.81%) and OBC (0.64%) were trading in green.

BSE capital goods index was gaining 32.66 points to trade at 9953.63 as Suzlon energy (2.64%), ABB (0.70%), and siemens (0.26%) were trading in green.

BSE Health index was trading at 3895.87 up by 22.71 points as Ranbaxy Labs (1.52%), Glaxosmith Kline (0.45%) and Dr Reddys Labs (0.12%) were trading in green.

BSE IT index was up 29.17 points to trade at 5416.22 as Infosys (0.74%) HCL Tech (0.35%), Wipro and Satyam declined.

BSE metals index was adding 38.89 points at 9384.63 as Tata Steel (0.22%) and SAIL (0.86%) were up while Hindalco (0.95%) and NALCO (0.17%) were down.

BSE FMCG index was trading flat as ITC (1.32%) was down while Dabur (2.41%) and HLL (1.61%) were trading up.

BSE auto index was rising 12.70 points to trade at 5725.49 as Hero Honda (1.43%), M&M (0.18%) and Tata motors (0.21%) were trading in red.

In Telecom pack: Reliance comm (4.15%), VSNL (2.55%) and Bharti Airtel (0.20%) were trading lower.

BSE Oil & gas index was trading flat as HPCL (1.69%), BPCL (1.17%), Reliance (0.18%) and ONGC (0.29%) were trading in red

Pre Open Market Commentary

Indian market is likely to open firm today. Yesterday, market closed at all time high on back of participation from FIIs and local fund houses. As a result BSE sensex closed at 14,515.90 up by 112.13 points and Nifty was up by 31.85 points to close at 4215.35. The markets are in bulls run as the major indices crossed some important levels. However being the budget month, markets could witness some amount of volatility.

Monday, US markets closed mixed as economy offset better-than-expected sales from Wal-Mart Stores Inc. reversal in oil and a flurry of M&A activity. DOW closed up 8.25 points at 12661.74 while NASDAQ was down by 5.28 points to close at 2470.60.

Indian ADRs closed mixed on Monday. In the technology sector, while Infosys advanced 0.10% and Sify edged up 7.95%, Wipro slipped 0.23%. Tata Motors ended down 0.60%. Among banks, HDFC Bank down 0.90% and ICICI Bank lost 0.58%. In the telecom space, Videsh Sanchar Nigam unchanged while Mahanagar Telephone Nigam gained 0.13%.

Monday, The major stock markets in Asia are trading in positive territory on Tuesday. Nikkei 225 index is trading at 17415.77, up by 70.97 points. The South Korean stock market is trading flat, while markets in China, Singapore and Indonesia are trading in the negative territory. Oil price closed below at $59 a barrel.Today, Nifty has support at 4175 and resistance at 4,255 and BSE Sensex has support at 14320 and resistance at 14,675. However, it is our advice to watch trading session carefully.

FII''s were net purchaser to the tune of Rs664.60crores in equity on 5th February 2007.Mutual funds were net seller to the tune of Rs77.63 crores in equity (provisional) on 2nd February, 2007.

Post Session Market Commentary

After opening on positive note, market was trading steadily through the day. During final hour of trade, market gained momentum on back of increased participation from local fund houses and FIIs. As a result, BSE sensex and Nifty made another remarkable record by closing all time high. Auto, Telecom, capital goods and oil & gas stocks were in favor while selective selling activities were seen in Metal, IT and Banking stocks. Overall market breadth was positive as 1496 stocks advanced and 1104 stocks declined on BSE.

BSE sensex closed at 14515.90 up by 112.13 points and Nifty was up by 31.85 points to close at 4215.75. BSE mid cap was up by 37.04 points to close at 6155.24 and BSE small cap was up by 94.93 points to close at 7655.65.

BSE auto index was the top gainer and adding 114.73 points or 2.05% at 5712.79 as M&M (2.47%), Bajaj auto (1.67%), and Maruti Udyog (2.16%) ended in green.

BSE Capital goods index gained 97.16 points to close at 9920.97 as Suzlon energy (3.01%), ABB (1.25%) and BHEL (0.64%) ended green.

Telecom pack also performed well as Reliance comm. (5.34%) and Bharti Airtel (1.22%) closed in green.

BSE oil & gas index added 60.66 points to close at 6715.24 as BPCL (1.67%), Reliance (1.09%) IPCL (0.55%) and ONGC (0.48%) ended in green.

BSE health cares index edged up 18.15 points to close at 3873.24 as Glaxosmithkline , Dr Reddys labs and Ranbaxy Labs advanced.

BSE FMCG index gained 6.43 points to close at 1920.48 as Dabur (1.15%) and ITC (0.34%) ended green and HLL (0.74%) closed in red.

BSE bank index closed at 7415.02 up by 8.83 points as HDFC (4.26%) , SBI(1.44%)and ICICI Bank (0.33%) ended in green.

BSE Metals index was the top loser with 111.55 points down to close at 9345.74 as SAIL (1.85%) and Hindalco (3.34%) ended red while Tata Steel (1.90%) ended green.

BSE IT index lost 5.24 points to close at 5,387.05 as Satyam Wipro and HCL tech closed in red while Infosys and TCS ended in green.

Mid Day Market Commentary

After witnessing volatile trading session in morning, Market was continuously trading in positive territory on back of sustained buying activities seen across index pivotals. Overall market breadth was positive as 1554 stocks advanced and 914 stocks declined on BSE index. While Telecom, Auto, Oil & gas and capitals goods stocks were in favor whereas selling activity was seen in Metal and FMGC stocks.

At 12.50 pm, BSE sensex was at 14,479.52 up by 75.75 points and Nifty was at 4207.95 up by 24.44 points. BSE Mid cap was up by 35.60 points to trade at 6153.80 and BSE small cap was up by 82.00 points to trade at 7642.72.

BSE auto index was the top gainer and adding 75.78 points to trade at 5673.84 as M&M (2.28%), Bajaj auto (1.58%) Maruti Udyog (1.79%) and Hero Honda (0.79%) were trading in green.

Telecom pack was trading up as Reliance comm. (3.98%), VSNL (1.53%) and Bharti Airtel (2.98%) were trading in green.

BSE Oil & gas index was trading at 6689.78 up by 35.20 points as Reliance (0.33%), IPCL (0.64%) and ONGC (0.74%) were trading in green.

BSE capital goods index was gaining 44.97 points to trade at 9868.78 as Suzlon energy (2.03%), ABB (2.01%), BHEL (0.24%) and siemens (0.19%) were trading in green.

BSE Banks index was advancing 20.12 points to trade at 7433.27 as HDFC (2.26%), SBI (1.30%), PNB (1.0%) and ICICI Bank (0.55%) were up.

BSE Health index was trading at 3864.40 up by 9.31 points as Ranbaxy Labs (0.04%), sun pharma (0.02%) and Dr Reddys Labs (0.45%) were trading in green.

BSE IT index was up 5.84 points to trade at 5398.13 as HCL Tech (0.43%), TCS (0.35%) and Satyam (0.36%) were trading up.

BSE metals index was top loser with 104.78 points down to trade at 9540.74 as Tata Steel was trading up (0.72%) while Hindalco (3.39%) and SAIL (1.59%) were trading down.

BSE FMCG index was down by 1.32 points to trade at 1919.16 as ITC (0.51%) and HLL (0.92%) and were trading down.

Pre Open Market Commentary

Indian market is likely to open on positive note today. On Friday, market made all time high on back of positive sentiment from global cues. As a result BSE sensex closed at 14,403.77 up by 136.59 points and Nifty was up by 46.30 points to close at 4183.50. The outlook for the market is cautious and some correction may witness in bull market.

Friday, US markets closed mixed as some investors viewed the news regarding employment data as bearish. DOW closed down 20.19 points at 12653.49 while NASDAQ was up by 7.50 points to close at 2475.88.

Indian ADRs closed higher on Friday. In the technology sector, while Infosys advanced 0.40% and Satyam ended up 1.50%, Wipro gained 1.40%. Tata Motors ended up 0.60%. Among banks, HDFC Bank rose 2.20% and ICICI Bank gained 0.10%. In the telecom space, Videsh Sanchar Nigam surged 5.1% while Mahanagar Telephone Nigam slipped 1.60%.Monday, The major stock markets in Asia traded on a mixed note on Monday. Nikkei 225 index ended 0.9% lower at 17387.72, HongKong''s Hang Seng Index opened down 0.3% while Straits Times was up by0.2%. Oil price closed rose as much as $1.72 a barrel to close at $59.02 a barrel.

Today, Nifty has support at 4140 and resistance at 4,220 and BSE Sensex has support at 14220 and resistance at 14,520. However, it is our advice to watch trading session carefully.

FII’s were net sellers to the tune of Rs469.70crores in equity on 2nd February 2007.Mutual funds were net purchasers to the tune of Rs107.77crores in equity (provisional) on 1st February, 2007.

Post Session Market Commentary

After opening higher, market was trading strong on back of sustained buying interest seen across the index pivotals. As a result, BSE sensex and Nifty made another remarkable record by closing all time high. Telecom, capital goods, Metal, IT and health cares stocks are in favor while selective selling activities were seen in oil & gas and Bank stocks. Overall market breadth was positive as 1344 stocks advanced and 1230 stocks declined on BSE.

BSE sensex closed at 14403.77 up by 136.59 points and Nifty was up by 46.30 points to close at 4183.50. BSE mid cap was up by 41.41 points to close at 6118.20 and BSE small cap was up by 28.20 points to close at 7560.72.

BSE Capital goods index was the top gainers with 235.71 points advanced to close at 9823.81 as siemens (0.95%) ,L&T (4.68%) closed higher while ABB (2.00%) and BHEL (0.36%) ended red.

Followed by BSE health cares index that rose 35.04 points to close at 3855.09 as Glaxosmithkline (1.87%), Cipla (1.01%) and Ranbaxy Labs (0.22%) advanced.

Telecom pack also performed well as Reliance comm. (3.26%), Bharti Airtel (5.24%) and VSNL (5.70%) closed in green.

BSE IT index gained 44.06 points to close at 5,392.29 as Satyam (3.72%), Wipro (2.84%) and TCS (0.62%) closed in green.

BSE FMCG index gained 6.43 points to close at 1920.48 as ITC (1.80%) and HLL (0.84%) closed in green .

BSE auto index was 28.06 points up to close at 5598.06 as M&M (0.72%), Tata Motors (0.17%), and Maruti Udyog (0.61%) ended in green.

BSE Metals index closed at 9457.29 with gain of 21.33 points as SAIL (1.03%), Tata Steel (0.98%) and Hindalco (0.27%) ended in green while Nalco slipped (4.25%).

BSE bank index plunged 6.96 points to close at 7406.19 as HDFC (3.88%) and ICICI Bank (1.25%) ended in green while SBI (2.16%), HDFC bank (0.22%) and OBC (3.19%) ended lower.

BSE oil & gas index was 13.53 points down to close at 6654.58 as GAIL ,IPCL and Reliance ended in green while ONGC and BPCL ended in red.

Mid Day Market Commentary

Market was trading strong on back of sustained buying activities seen across index pivotals. Overall market breadth was positive as 1595 stocks advanced and 858 stocks declined on BSE index. While Telecom, Metals and capitals goods were in favor whereas selective selling activity was seen in Bank stocks

At 12.50 pm, BSE sensex was at 14,409.16 up by 141.98 points and Nifty was at 4183.80 up by 46.60 points. BSE Mid cap was up by 60.74 points to trade at 6137.53 and BSE small cap was up by 63.46 points to trade at 7595.98.

BSE capital goods index was the top gainers with 162.79 points up to trade at 9750.89 as L&T (2.49%), siemens (2.06%) and BHEL (0.46%) were trading in green.

Followed by BSE metals index that was up by 104.78 points to trade at 9540.74 as Tata Steel (1.89%), Hindalco (0.98%) and SAIL (2.14%) were trading in green.

BSE Banks index was advancing 20.12 points to trade at 7433.27 as HDFC (2.63%) and HDFC Bank (0.37%) were trading up while PNB (1.24%), OBC (1.13%) and SBI (0.11%) were down

BSE auto index was adding 31.16 points to trade at 5601.16 as Tata motors (0.40%), Bajaj Auto (0.47%) and Maruti Udyog (0.29%) were trading in green.

Telecom pack was trading up as Reliance comm. (2.37%), VSNL (2.19%) and Bharti Airtel (5.02%) were trading in green.

BSE FMCG index was up by 10.40 points to trade at 1924.45 as ITC (0.94%), Dabur (0.40%) and HLL (0.77%) and were trading up

BSE Health index was trading at 3859.00 up by 38.95 points as Ranbaxy Labs (0.55%), Cipla (1.28%), Dr Reddys Labs (0.96%) and Glaxosmithkline (1.83%) was trading in green.

BSE IT index was up 34.78 points to trade at 5383.01 as HCL Tech (1.14%), Wipro (3.50%) TCS (0.93%) and Satyam (2.64%) were trading up

BSE Oil & gas index was trading at 6698.99 up by 30.88 points as Reliance (0.40%), IPCL (1.30%), HPCL (0.94%) and ONGC (0.24%) were trading in green

Pre Open Market Commentary

Indian market is likely to open firm today on back of yesterday''s momentum as well as positive global cues. Yesterday, market zoomed on back of positive sentiment from global cues that attracted FIIs and Mutual funds for heavy buying in Banking, Metals and consumer durables goods stocks. As a result BSE sensex closed at 14,267.20 up by 176.30 points and Nifty was up by 54.50 points to close at 4137.20. The outlook for the market is continued optimism but some profit booking may be seen.

Thursday, US markets closed firm on back of bullish rally of industrial sectors and economic sensitive sectors. DOW finished with a new record high, up by 51.99 points to close at 12673.68 and NASDAQ was up by 4.45 points to close at 2468.38.

Indian ADRs closed higher on Thursday. In the technology sector, while Infosys advanced 1.22% and Satyam ended up 0.17%, Wipro slipped 0.06%. Tata Motors jumped 1.58%. Among banks, HDFC Bank rose 2.20% and ICICI Bank gained 1.11%. In the telecom space, Videsh Sanchar Nigam surged 3.85% and Mahanagar Telephone Nigam advanced 2.57%.

Friday, The major stock markets in Asia were trading higher in early morning following the firm closing of the US markets and strong economic data in the world''s largest economy US that was oblivious on Fed decision to keep interest rate unchanged. Nikkei 225 index was up by 80.90 points to trade at 17600.40, HongKong''s Hang Seng Index was trading at 20,552.13, up 121.97 points and Straits Times was up by 53.46 points to trade at 3221.56. Oil price closed above $57 a barrel.

Today, Nifty has support at 4105 and resistance at 4,175 and BSE Sensex has support at 14090 and resistance at 14,435. However, it is our advice to watch trading session carefully.

Pre Open Market Commentary

Indian market may edge higher on back of positive global cues. Yesterday, market saw higher volatile on account of Tata - Corus deal and RBI monetary policy as this news created nervousness among the participants. As a result BSE sensex closed at 14,090.90 down by 121.10 points and Nifty was down by 41.75 points to close at 4082.70. Today major quarterly result is ACC. The outlook for the market is continued optimism with little bit volatility

US markets closed higher on back of the Federal Reserve left the fed funds rate unchanged at 5.25% again for a fifth straight time. DOW finished with a record levels, up by 98.38 points to close at 12621.69 and NASDAQ was up by 15.29 points to close at 2463.93.

The major stock markets in Asia were trading higher in early morning following the surge in the US markets. Nikkei 225 index was up by 106.82 points to trade at 17490.24 and KOSPI was adding 19.06 points to trade at 1379.29 and Straits Times were up by 30.65 points to trade at 3156.21. Oil price closed above $57 a barrel as a report showed that US economy, the world''s biggest oil consumer, expanded at a faster-than-forecast annual pace of 3.5 percent last quarter.

Today, Nifty has support at 4055 and resistance at 4,130 and BSE Sensex has support at 13950 and resistance at 14,320. However, it is our advice to watch trading session carefully.

Post Session Market Commentary

Market made a northward journey after opening on firm note. Market witnessed heavy buying interest across the index pivotals on back of positive sentiment from global markets that attracted FIIs and local fund houses. Banking, Consumer durable and metals were most attractive stocks today. Overall market breadth was positive as 1284 stocks advanced and 1265 stocks declined on BSE.

BSE sensex closed at 14278.10 up by 187.20 points and Nifty was up by 54.50 points to close at 4137.20. BSE mid cap was up by 31.69 points to close at 6076.79 and BSE small cap was up by 29.02 points to close at 7532.52.

Among the BSE indices, BSE bank index was the top gainers with 153.06 points up to close at 7413.15 as SBI (5.49%), HDFC bank (3.00%), PNB (3.82%), ICICI Bank (1.25%) and OBC (3.19%) ended higher.

BSE Metals index made a smart recovery to close at 9435.96 after adding 152.79 points as Nalco (6.8%), SAIL (4.95%) and Hindalco (3.83%) ended higher while Tata Steel down by (1.19%),

Followed by capital goods index that was up by 102.31 points to close at 9588.10 as ABB (5.51%), siemens (2.29%) and L&T (0.44%) closed higher while BHEL (1.00%) and ended in red.

BSE FMCG index gained 7.84 points to close at 1914.05 as ITC (0.09%) and Dabur (2.02%) closed in green while HLL (0.84%) closed lower.

Telecom pack also performed well as Reliance comm. (3.31%), Bharti Airtel (3.17%) and VSNL (2.47%) closed in green.

BSE oil & gas index was 37.09 points up to close at 6668.11 as GAIL (2.04%), IPCL (1.25%), and Reliance (1.28%) ended in green.

BSE auto index was 54.64 points up to close at 5570.00 as M&M (0.60%), Tata Motors (3.04%), Hero Honda (1.49%) and Maruti Udyog (1.42%) ended in green.

BSE health cares index rose 15.75 points to close at 3820.05 as Sun pharma (1.31%), Dr Reddy labs (0.53%) and Ranbaxy Labs (0.50%) advanced.

BSE IT index gained 51.06 points to close at 5,348.23 as Wipro, TCS and Infosys advanced.

Mid Day Market Commentary

Market was trading with modest gains on back of selective buying interest seen across the index pivotals. Overall market breadth was marginally positive as 1238 stocks advanced and 1173 stocks declined on BSE index. While Telecom, Bank, IT and capitals goods were in favor whereas metal and health stocks were witnessing selling activities.

At 12.25 pm, BSE sensex was at 14,185.49 up by 94.57 points and Nifty was at 4112.70 up by 30.00 points. BSE Mid cap was up by 13.69 points to trade at 6058.79 and BSE small cap was up by 13.90 points to trade at 7517.40.

BSE Banks index was advancing 72.75 points to trade at 7332.84 as PNB (2.96%), OBC (1.41%), ICICI Bank (1.05%) and SBI (1.57%) were trading in green.

BSE auto index was adding 45.21 points to trade at 5560.54 as Tata motors (1.96%), Maruti Udyog (1.85%) and Hero Honda (0.73%) were trading in green.

Telecom pack was trading up as Reliance comm. (1.47%), VSNL (2.65%) and Bharti Airtel (1.23%) were trading in green.

BSE FMCG index was up by 12.04 points to trade at 1918.25 as ITC (1.35%) and Dabur (2.63%) were trading up while HLL (1.10%) and were trading lower.

BSE metals index was 16.00 points down to trade at 9267.17 as Tata Steel (1.59%), NALCO (0.48%) and SAIL (1.29%) were trading down.

BSE Health index was trading at 3814.74 up 10.44points as Ranbaxy Labs (0.11%) and Cipla (0.53%) were down while Glaxosmithkline (0.45%) was trading in green.

BSE capital goods index was 61.44 points down to trade at 9547.23 as ABB (2.81%), L&T (0.69%) and siemens (1.28%) were trading in green.

BSE IT index was up 20.27 points to trade at 5295.30 as HCL Tech (1.71%), Wipro (2.32%) TCS (0.97%), Satyam (0.70%)and Infosys (0.23%) were trading up.

BSE Oil & gas index was trading at 6654.39 up by 23.37 points as Reliance (0.37%), IPCL (1.19%), and ONGC (0.91%) were trading in green.

Post Session Market Commentary

Market opened on positive note but instantly slipped in negative territory as heavy selling pressure was seen in metal stocks (expensive Tata - Corus deals) while market got some relief during mid session to recover some losses on back of RBI credit policy but it did not support market for long time as participants were in profit booking mood. As a result BSE sensex closed at 14090.92 down by 121.04 points and Nifty was down by 41.75 points to close at 4082.70. BSE mid cap was down by 55.76 points to close at 6045.10 and BSE small cap was down by 73.01 points to close at 7503.50.

Overall market breadth was significantly negative as 896 stocks advanced and 1662 stocks declined on BSE. BSE sectoral indices closed lower.

Among the BSE indices, BSE Metals index was top loser with 476.44 points or 4.88% down to close at 9283.17 as Tata Steel (11.03%), SAIL (4.25%) and Hindalco (3.31%) ended lower.

Followed by capital goods index that was down by 134.78 points to close at 94850.79 as siemens (0.12%) and L&T (1.36%) closed lower while BHEL (0.24%) and ABB (0.24%) ended in green.

BSE bank index was 32.69 points down to close at 7260.09 as HDFC bank (1.19%)and PNB (0.37%) closed in green while ICICI Bank (1.98%), OBC (2.36%) and SBI (1.62%) ended lower.

BSE FMCG index declined 8.23 points to close at 1906.21 as ITC up by (1.63%) while HLL (3.47%) and Dabur (3.14%) closed lower.

BSE oil & gas index was 85.66 points down to close at 6631.02 as IPCL (2.98%), ONGC (1.46%), Reliance (1.46%), GAIL (1.39%) and BPCL (1.02%) ended lower.

BSE auto index was 46.31 points down to close at 5515.36 as M&M (2.74%) Tata Motors (2.27%), Maruti Udyog (0.98%) ended in red.

BSE health cares index declined 12.36 points to close at 3813.17 as Dr Reddy labs (1.44%) and Cipla (0.99%) closed lower while Ranbaxy Labs (1.49%) and Glaxo SmithKline (0.16%) ended in green.

BSE IT index was 18.40 points down to close at 5,297.17 as, HCL tech, Wipro, TCS and Infosys plunged.