The market rallied during the session due to smooth rollover of September contract yesterday. The market closed the session on a strong note as BSE Sensex surged by 140.54 points to close at 17,291.10 while Nifty grew by 20.8 points to close at 5,021.35. The Sensex touched the psychological mark of 17,361.47 during the trading session. Overall, the market breadth was little weak as 1396 stocks were closed in red and 1379 stocks were ended in green while 63 stocks remained unchanged in BSE. Both the BSE mid cap and small cap closed higher by 90.47 points and 53.38 points at 7,422.43 and 9,099.93 respectively.
BSE Metal index surged by 442.79 points to close at 13,945.39 due to the rise in the global commodity prices as well as due to corrections in the Chinese steel prices. Pushing this index up are Sesa Goa ltd 7.13%, Tata steel 7.02%, Hindalco 4.81%, Jindal stainless 3.89% and JSW Steel 3.38% .
BSE bankex index advanced by 239.74 points at 9,469.26 on the expectations that RBI will cut the interest rate in the coming meeting. Leading this pack are Bank of India 6.44%, Yes bank 5.83%, Allahabad bank 4.57%, Union bank 4.05% and SBI 3.43%, .
BSE auto index closed up by 61.60 points at 5,332.26 as Ashok Leyland 4.82%, Punjab tractors 4.23%, Tata motors 3.68%, Maruti udyog 2.39% are closed in green.
BSE health care index jumped by 63.98 points to close at 3,784.21 as Novartis India 5.18%, Biocon 3.78%, Cipla 3.52%, Ranbaxy labs 3.33% closed in positive.
The oil and gas index slipped by 77.15 points to close at 9561.95 as Essat oil 3.87%, HPCL 2.37%, ONGC 1.42%, BPCL 1.21% and reliance industries 1.03% at Rs2296.20 closed in red.
The IT index closed lower by 15.60 points at 4,627.83. Pushing it down are rolta India 2.13%, HCL tech 2.04%, tech Mahindra 1.46%, Mphasis 0.66% and TCS 0.48% closed in negative.
The capital goods index fell 11.23 points to close at 14,679.84 as carbo universal 2.64%, jyoti structure 2.67%, L&T 0.86%, BHEL 0.39% and Siemens 0.23% closed lower.
Friday, September 28, 2007
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