Wednesday, February 28, 2007

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.

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