Wednesday, March 7, 2007

Post Session Market Commentary

Market ended in red on back of heavy selling pressure across the index pivotals especially Metal, Bank and FMCG stocks. Overall market breadth was negative as 579 stocks advanced and 1959 stocks declined on BSE. BSE Sectoral indices closed mixed.

BSE sensex closed at 12579.75 down by 117.34 points and Nifty was down by 28.8 points to close at 3626.85. BSE mid cap was down by 105.04 points to close at 5,114.41 and BSE small cap was down by 171.21 points to close at 6088.31.

BSE Metal index tumbled 225.96 points to close at 7,776.16 as SAIL (4.94%), Hindalco (2.19%), Tata Steel (1.49%) ended down.

BSE FMCG index ended 35.58 point down at 1664.05 as ITC and HLL dropped more than 2%.

BSE IT index closed 67.24 points down at 4894.70 as Infosys, Satyam and Wipro closed lower.

BSE bank index slipped 162.61 points at 6190.67 as HDFC Bank, SBI and ICICI Bank ended lower.

BSE Capital goods index closed flat at 8353.98 as Siemens, ABB and BHEL ended in red.

BSE oil & gas index ended 48.44 points down at 6018.78 as HPCL (4.59%), BPCL (0.81%), and ONGC (0.58%) declined.

BSE health cares index closed 3.68 points up at 3371.13 as GSK, Dr reddys labs and Sun Pharma closed in green.

BSE auto index closed at 4796.83, up by 18.01 points as Bajaj Auto, M&M and Tata motors ended in green.

No comments: