Friday, October 26, 2007

End Market Session

Taking positive sentiments of the investors along with good quarterly numbers of the heavyweight companies, the market ended on a cheerful note after having a bullish trading session. However in the early session, the market was seems to be little bit tensed as the SEBI''s decision pertaining to the P-Notes was not in much favor of the market participants. But whatever decision SEBI gave, the market took it well and within some time it grabbed the momentum and took a drastic turn. Heavy buying was seen in Capital goods, Metals, Banking, Oil & Gas and Realty stocks as the major players from these sectors came out with impressive quarterly numbers. All the key BSE indices ended in green. On the macroeconomic front, inflation rate stood at 3.07% same as the previous week. Further, BSE Midcap and BSE Smallcap also closed with good gain of 169.73 points and 183.87 points at 7,920.66 & 9,550.95 respectively.

BSE Capital goods stood as the start performer of the day as it closed with the highest gain of 1226.02 points at 18,540.15. Fueled it up are Lakshmi Machinery Works with the highest gain of (14.98%), L&T (12.16%), BEML (7.48%), Crompton Greaves (7.44%), and Havell India (6.81%).

Keeping behind the others, BSE Bankex stood at the second position with the gain of 349.42 points to close at 10,273.53. Scrips surged are SBI (7.17%), Axis Bank (5.77%), Kotak Bank (5.45%), Andhra bank (4.85%), and Bank of India (4.40%).

The PSU index also shared the gaining rally with the gain of 348.87 points to close at 9,227.41. Took it up are Dredg Corp (17.73%), HMT Ltd (15.76%), Container Corp (11.85%) and Balmer Lawri (8.28%).

BSE Metal also followed the gaining rally to closed higher by 320.04 points at 16,744.56. Scrips supported are, Jindal Steel (5.72%), NALCO (5.23%), SAIL (4.80%), Bhushan Steel (4.65%).

BSE Oil & Gas also ended in green with a gain of 302.64 points at 11,103.46. Scrips gained are Reliance Petroleum (5.56%), ONGC (3.77%), Essar Oil (3.17%), GAIL India (2.91%).

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