The market rallied at the end to close the session in a positive territory. The BSE Sensex grew by 37.52 points to close at 17,328.62 while Nifty grew by 47.6 points to close at 5,068.95. The benchmark indices i.e. BSE Sensex touched its lifetime high of 17,425.34 during the trading session. This boost was mainly on the back of heavy buying from the oil and gas as well as PSU scrips, which outperformed the Sensex to close higher. Overall, the market breadth was strong as 1637 stocks are closed in green while 1131 stocks are ended in green. Both the BSE mid cap and small cap closed higher by 106.21 points and 84.59 points at 7,528.64 and 9,184.52 respectively.
The oil and gas index closed the session on a firm note as it grew by 120.64 points to close at 9,682.59. Leading this pack are BPCL 4.79%, Essar oil 4.63%, GAIL 4.62%, IOCL 4.46% and RPL 3.81% that closed in green.
BSE health care index jumped by 52.94 points to close at 3,837.15 as Divis labs (10.12%), Novartis 4.60%, Biocon 3.52% and Matrix 2.14% closed higher.
The capital goods index increased marginally by 9.12 points to close at 14,688.95 as Suzlon energy 1.90%, Crompton greaves 4.18%, Lakshmi machine 4.06% and praj industries 1.50% closed higher.
BSE Metal index dropped by 45.62 points to close at 13,899.77. The main losers are NALCO (2.80%), Tata steel (1.10%), JSW Steel (1.27%), SAIL (0.63%).
BSE bankex index slipped by 73.48 points at 9,395.78 on the back of speculation that RBI may rise the CRR ration in the coming period. Leading the loss are SBI (2.93%), HDFC Bank (2.44%), AXIS Bank (1.82%) and Andhra Bank (0.72%)
BSE auto index closed down by 15.93 points at 5,316.33 as Hero Honda (1.56%), Punjab Tractors (0.87%) and Maruti Udyog (0.78%) are closed in red.
Bajaj Auto is ended lower by (2.19%) as the company has registered a sharp fall in its vehicle sales in the month of September by 23% to 2,32,496 units
Monday, October 1, 2007
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