Tuesday, March 13, 2007

Post Session Market Commentary

Market made a smart recovery in post trading session on back of intensify buying interest across the sectoral indices. Overall market breadth was positive as 1739 stocks advanced and 851 stocks declined on BSE. BSE Sectoral indices closed in green except BSE FMCG index.

BSE sensex closed at 12982.98 up by 80.35 points and Nifty was up by 35.95 points to close at 3770.55. BSE mid cap was up by 77.33 points to close at 5,353.83 and BSE small cap was up by 117.22 points to close at 6434.87.

BSE Capital goods index surged 106.61 points at 8852.51 as Suzlon (4.89%), L&T (2.29%), ABB (2.73%) and BHEL (0.31%) ended higher.

BSE Metal index closed 86.81 points up at 8,227.89 as Hindalco (1.09%), Tata Steel (1.95%) and SAIL (0.72%) ended in green.

BSE bank index gained 69.27 points at 6538.68: ICICI Bank (1.28%), HDFC (1.21%) and SBI (0.49%) ended in positive territory.

BSE oil & gas index added 66.33 points at 6213.36 as ONGC (1.81%), HPCL (2.08%) and Reliance (0.83%) ended in green.

BSE auto index closed at 4947.66, up by 49.58 points as Bajaj Auto, M&M and Tata motors ended in green.

BSE IT index closed 33.73 points up at 5036.51 as TCS, Satyam and Wipro advanced.

BSE health cares index closed 31.57 points up at 3521.97 as CIPLA, Dr. Reddy Labs and GSK closed in green.

BSE FMCG index closed down 2.35 point at 1662.68 as HLL closed (2.38%) lower while Dabur closed in green.

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