Wednesday, August 22, 2007

End Session Market Commentary

The BSE Sensex ended the session on a positive note as it closed higher by 259.55 points at 14,248.66 while Nifty grew by 78.25 points to close at 4,153.15. The BSE Mid cap advanced by 25.39 points to close at 6,159.62 while Small cap decreased by 19.75 points to close at 7,518.70. Of the 2,674 stocks actively traded on BSE, 1,575 stocks declined while 1,042 stocks advanced.

BSE Metal index surged by 234.18 points to close at 10,081.33 as Sterlite Industries (4.35%), Tata steel (4.25%), Hindalco industries (2.02%), JSW Steel (1.17%) and SAIL (1.14%) closed in positive.

BSE Auto Index dropped by 1.35 points to close at 4,473.79 as Tata Motors (2.42%), Maruti Udyog (0.13%) and Hero Honda (0.06%) closed in red while M&M (2.93%) and Bajaj auto (1.02%) are closed in green.

BSE oil & gas index grew by 103.31 points to close at 7,511.33 as GAIL (3.32%), ONGC (2.43%), IPCL (2.14%) and HPCL (1.88%) and Reliance petroleum (0.60%) closed higher.

BSE bankex index closed higher by 63.62 points at 7,387.92 as ICICI bank (1.98%), IDBI Bank (1.57%) and HDFC Bank (1.40%) closed in green while PNB (3.03%), BOI (2.05%) and SBI (0.40%) closed in red.

BSE Capital goods index grew by 407.53 points to close at 12,397.50 as Siemens (9.17%), Praj industries (8.41%), BHEL (4.81%), L&T (3.26%) and ABB (2.95%) closed higher.

BSE Health Care Index ended lower by 4.42 points at 3,426 as Sun pharma (2.40%), GlaxoSmithKline (1.94%) and Cipla (0.93%) closed in negative while Dr Reddy lab (1.50%), Glennmark (1.41%) and Ranbaxy (0.71%) closed in positive.

BSE FMCG index increased by 42.85 points to close at 1,841.90 as ITC (4.07%), HUL (1.45%), Tata Tea (0.46%) and Dabur (0.45%) closed in green.

BSE IT index closed higher by 53.67 points at 4,348.53 as HCL technologies (1.74%), Wipro (1.51%), Infosys (1.63%), TCS (0.81%) and Satyam (0.25%) closed higher.

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