Post Session Market

The market closed the session on a negative note with benchmark index BSE Sensex closed marginally lower by 3.78 points at 17,773.36 while Nifty slipped by 22.8 points to close at 5,185.85. The BSE Sensex touched the intraday high of 17,979.18 just lacks 20 points to touch the psychological mark of 18,000 during the trading session. All the indices closed in red except the capital goods indices, which survived from the blood bath. Mostly hit indices today are metal, bankex and reality. Only the capital goods index survives from the fall. The market manages to recover from the fall in the mid afternoon session but unable to sustain its gains at the higher level as selling intensified across the sectoral indices scrips. Also, India''s wholesale price index which rose by 3.42% to September 2007 as against 3.23% last week also add to the negative sentiments to the market. Overall, the market breadth remains weak as 1825 stocks are closed in red while 940 stocks are closed in green. The BSE Mid Cap and Small Cap changed hands as they closed lower by 90.76 points and 40.05 points at 7,485.51 and 9,101.87 respectively.
The capital goods index ended the session on a strong note as it surged by 489.26 points to close at 15,742.59 as L&T (6.66%), BHEL (2.96%), ABB (1.40%) and Crompton Greaves (1.66%) closed higher.
The oil and gas index grew by 109.05 points to close at 10,109.80. Leading this pack are Reliance (2.53%), Indian Oil (1.44%), BPCL (1.30%) and Cairn (0.64%) that closed in green.
BSE Metal index dropped by 262.51 points at 14,122.36 as JSW Steel 6.58%, Hindalco 3.70%, Tata steel 3.68%, SAIL 1.89% and Hind Zinc 1.74% closed lower.
BSE bankex index slipped by 190.50 points to close at 9,224.52 as Union bank (3.92%), BOB (3.69%), Allahabad bank (3.77%), ICICI bank (2.31%) and SBI (1.95%) closed lower.
The IT index closed lower by 29.44 points at 4,740.27. Pushing it down are Mosear Baer (3.65%), Finance tech (2.67%), Satyam (1.33%), TCS (0.78%), Infosys (0.27%) closed in negative.