Thursday, August 30, 2007

Post Market Commentary

The markets closed the session on a positive note as BSE Sensex closed higher by 128.70 points at 15,121.74 and the Nifty grew by 53 points to end at 4,412.30. The BSE mid cap and Small cap closing higher by 35.05 points and 83.74 points at 6,485.44 and 7,957.96 respectively. The market breadth was strong with 1,567 stocks advancing and 1058 stocks declining.

BSE Metal index surged by 93.54 points to close at 11,297.31 as SAIL (2.54%), Sterlite Industries (2.38%) and Hindalco industries (1.21%) closed in positive while Tata steel (0.38%) and JSW Steel (0.35%) closed in negative.

BSE Auto Index grew by 65.01 points to close at 4,776.70 as M&M (2.95%), Bajaj auto (1.96%), Hero Honda (1.37%) and Tata Motors (1.02%) closed in green while Maruti Udyog (0.02%) closed in red.

BSE oil & gas index improved by 39.92 points to close at 7,976.43 as ONGC (0.47%), BPCL (0.37%), IPCL (0.15%) and Reliance petroleum (0.04%) closed higher while GAIL (2.15%) and HPCL (1.06%) closed lower.

BSE bankex index closed higher by 98.72 points at 7,751.50 as AXIS Bank (2.89%), HDFC Bank (2.20%), IDBI Bank (2.01%), ICICI bank (1.76%), PNB (1.42%) and BOI (0.53%) closed in green.

BSE Capital goods index grew by 60.01 points to close at 12,306.72 as Siemens (3.02%), ABB (2.19%) and BHEL (0.38%) closed in green while Praj industries (1.31%) and L&T (0.31%) closed in red.

BSE Health Care Index closed higher by 14.86 points at 3,501.17 as GlaxoSmithKline (5.35%), Sun pharma (2.33%), Ranbaxy (1.57%), Dr Reddy lab (1.02%) and Glennmark (0.73%) closed higher while Cipla (2.68%) closed lower.

BSE FMCG index increased by 13 points to close at 1,949.32 as ITC (1.16%), Dabur (0.54%), HUL (0.17%) and Tata Tea (0.13%) closed in green.

BSE IT index closed up by 47.90 points at 4,552.30 as HCL technologies (3.16%), Infosys (1.33%), Wipro (1.29%), TCS (0.92%) and Satyam (0.06%) closed higher.

Source : www.indian-commodity.com

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