Monday, April 9, 2007

Post Session Market Commentary

The bulls are in full flow and are betting high on IT, metal, banking and auto stocks. Finally, BSE Sensex closed at 13,177.74 with an incline of 321.66 points. The NSE Nifty advanced by 91.5 points to close at 3843.50. Overall, the market breadth was strong as 1915 stocks were closed in green whereas 613 were ended up in red zone in BSE.

BSE Mid cap and BSE Small cap indices followed the trend of benchmark index, as BSE mid cap grew by 99.70 points at 5,419.55 and the BSE small cap grew 129.00 points at 6,585.37.

BSE FMCG index closed at 1,774.04 up by 53.58 points as ITC grew by 4.90% followed by HLL 1.85%.

BSE Capital goods index inclined by 258.50 points at 9,213.99 as Siemens grew by 3.81%, L&T inclined 3.21%, BHEL up by 2.77% and ABB advanced by 1.71%.

BSE oil & gas index closed at 6,495.91 up by 126.21 points as ONGC grew by 2.75%, BPCL increased 2.97%, RIL advanced by 0.56% and HPCL inclined by 1.72%.

BSE Metal index closed 281.36 points up at 8,905.01 as Tata Steel surged by 6.04%, SAIL inclined by 3.14% followed by Hindalco Industries 2.84%.

BSE IT index closed 109.03 points up at 4,930.55 as Infosys (2.59%), TCS (2.15%), HCL Tech. (2.14%), Wipro (1.90%) and Satyam (1.35%) ended in green.

BSE bank index surged 209.30 points at 6,580.99: SBI (4.30%), PNB (3.84%), HDFC bank (3.04%), OBC (2.63%) and ICICI bank (1.90%) ended in green.

BSE Auto Index grew78.21 points at 4,683.91 as Maruti Udyog inclined by (4.57%), M&M up by (2.89%), Tata Motors advanced (2.47%) and Bajaj Auto grew (0.1%).

BSE Health Care Index closed higher at 3,685.90 with an incline of 38.88 points as Ranbaxy (1.3%) and Cipla (1.23%).

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