Monday, March 26, 2007

Post Session Market Commentary

Market did not get support during the trading session despite positive opening as the investors were in profit booking mood ahead of F&O expiry week. During final hours of trade, market saw some quick profit booking across the index pivotals. Overall market breadth was negative as 843 stocks advanced and 1740 stocks declined on BSE. BSE Sectoral indices closed lower.BSE sensex closed at 13,124.32 down by 161.61 points and Nifty was down by 41.10 points to close at 3819.95. BSE mid cap was down by 24.61 points to close at 5,376.72 and BSE small cap was down by 30.87 points to close at 6425.74.BSE auto index weighed down 89.89 points to close at 4950.03 as Tata Motors (4.19%), Maruti Udyog (2.35%) and Bajaj auto (0.12%) ended lower.BSE bank index slipped 135.11 points at 6687.22: ICICI Bank, HDFC bank, HDFC and SBI ended in deep red. BSE Capital goods index tumbled 91.29 points at 9038.49 as Suzlon, L&T, ABB and BHEL ended lower.BSE IT index closed 1.15% down at 5009.42 as Infosys, TCS, and Wipro ended lower. BSE health cares index closed 16.70 points down at 3557.68 as Ranbaxy Labs, Dr Reddy, Sun pharma and GSK ended in red.BSE FMCG index closed lower 9.00 points at 1680.47 as HLL closed up () while ITC and Dabur closed in red.BSE oil & gas index closed down by 21.57 points at 6412.60 as BPCL (0.31%) and RIL (0.65%) closed lower while HPCL, ONGC and IPCL closed in green.BSE Metal index closed flat at 8,445.81 as Tata Steel (1.53%) ended in green while SAIL, Hindalco and NALCO closed in red.

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