The market ended the day with marginal gains after trading with steady gain & loss of 100-200 points from its yesterday''s close. The market started the day with modest gains but turned volatile with a short span of time. Since the investors were waiting for the market to take some clues from the Fed policy announcement, the trading was happening on a cautious mood. No big movements were seen during the whole session as selective buying was happening across all the sectors ahead of the Fed meet announcement. After a long interval, BSE CGs index ended with negative figures as most of the player in the capital goods sector witnessed selling pressure on the back of profit booking. Along with CGs, BSE IT, FMCG & Realty also ended in red territory. Atlast, the benchmark index Sensex ended up with marginal gain of 54.48 points at 19,837.99, whereas Nifty also closed with a gain of 31.90 points to close at 5,900.65. Further, BSE Midcap and BSE Smallcap also closed higher with the gain of 87.14 points and 152.42 points at 8,135.21 & 9,796.86 respectively. The market breadth stood negative with 1402 stocks on the advancing side and 1346 stocks on the decline side.
BSE Metal closed in green with the highest gain of 582.71 points to close at 17,884.93. Scrips supported are, Jindal Steel, with the highest gain of (25.64%), Jindal Saw (11.99%), & Hindustan Zinc (4.38%).
BSE Oil & Gas stood at the second position with the gain of 132.18 points at 11,658.48. Scrips surged the index are RPL by (5.46%), Cairn India (3.80%), IOC (3.09%), and ONGC (2.32%).
BSE Bankex also gained 105.24 points to close at 10,655.33. Scrips gained are Bank Of Baroda (4.90%), PNB (2.91%), Canara Bank (2.54%), & HDFC Bank (2.15%).
BSE Capital goods stood as the top loser of the day with a loss of 211.25 points at 19,795.32. Dragged it down are Kalpataru Power down by (4.48%), Carbo Unilever (2.96%), Greaves Cotton (2.68%), Alfa Laval (2.78%) and Havell India (2.48%).
Wednesday, October 31, 2007
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