Post Session Market

The market closed on an upbeat note by creating a rally across all the sectorial indices on the back of heavy buying across the index heavy weights. The market opens firmly backed by the positive global cues and keeps on trading higher through out the trading session. The market also got the momentum on the back of strong quarterly GDP figures that add to the market sentiments. All the sectorial indices closed higher but most buying is seen from the Metal, Realty, Oil & Gas and Bankex basket. The BSE Sensex grew by 359.93 points to close at 19,363.19 and NSE Nifty closed up by 128.15 points to close at 5,762.75. Overall, the market breadth was strong as 1,745 stocks are closed higher while 1056 are closed lower. The BSE Mid cap and Small Cap advanced by 191.01 points and 136.27 points to close at 8,553.56 and 10,526.02 respectively.

BSE Metal Surged 858.21 points to close at 17,730.53. Scrips that grew are Sterlite industries (12.58%), Ispat industries (6.63%), Jindal steel (6.15%), Sesa Goa (5.80%), JSW steel (4.42%) and Tata Steel (2.94%).

BSE Realty index closed firm at 10,626 up by 402.38 points at 10,223.93. Pushed up by Phoenix mill (10.71%), DLF (7.04%), Omaxe limited (6.13%), Ansal Infra (4.12%) and Unitech (2.73%).

BSE Bankex surged 269.47 points to close at 10,870.88. Scrips that gained are Kotak bank (9.51%), BOB (7.58%), BOI (6.19%), Union bank (4.39%), IOB (4.31%) and HDFC bank (2.50%).

BSE oil & gas index grew by 315.13 points to closed at 12,359.73. Scrips that jumped are Essar Oil (16.57%), RNRL (9.76%), Cairn (4.14%), ONGC (2.59%) and RPL (1.26%).

BSE IT index grew by 111.86 points to close at 4,197.62 as Moser Baer (5.05%), Finance tech (4.97%), Educomp solution (4.65%), TCS (3.81%), I-FLEX (3.50%) and Infosys (2.19%).

BSE Power index closed higher by 90.79 points at 4,344.22 as CESC 6.88%, Tata Power (4.72%), Reliance energy (4.47%), Suzlon energy (3.80%), Power Grid (3.57%).

Mid Session Market

The market continued to trade at higher level as strong buying continued across the board mainly led by the Metal Realty, Oil & Gas and Bank stocks. Further the data released by the government showed that GDP growth for the Q2 of current fiscal were little better than the expectation. It grew strongly at 8.9% in the second quarter/(September 2007) of current fiscal versus 10.2% during the same quarter previous year. The overall market breadth is positive as 1736 stocks are advancing while 915 stocks are declining and 72 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 165.92 points at 8,528.47 while the BSE small Cap advanced by 124.27 points to trade at 10,514.02.

At 12.32 pm, BSE Sensex was at 19,356.72 up by 353.46 points whereas Nifty was at 5,768.40 up by 133.80 points.

BSE Metal index improved 697.78 points to trade at 17,570.10. The major gainers are Sterlite industries (10.13%), Hindalco Industries (3.89%), NALCO (3.65%) and Tata Steel (2.63%).

BSE Oil & Gas index was trading 220.42 points higher at 12,265.02 as BPCL (3.66%), ONGC (2.99%), HPCL (1.78%) and GAIL (1.67%) are trading in green.

BSE Capital goods index improved 168.11 points to 19,578.59. The main gainers are Siemens (1.22%), L&T (0.86%), BHEL (0.53%) and ABB (0.26%).

BSE IT index up by 68.42 points to trade at 4,154.18 as TCS (3.73%), Infosys (2.55%), Wipro (1.34%) and HCL Technologies (1.27%) are trading in positive territory.

BSE Auto index inclined 64.89 points to trade at 5,484.40. Leading to it are Mahindra & Mahindra (3.05%), Maruti Suzuki (1.92%) and Tata Motors (1.53%).

BSE Power index advanced by 68.65 points to trade at 4,322.08 as Reliance Energy (3.44%), Tata Power (3.17%), Crompton Greaves (2.68%) and Suzlon Energy (2.49%) are trading higher.

BSE FMCG index inclined 27.77 points to trade at 2,148.95 as United Spirits (5.60%), Glaxosmith Con(4.12%), Dabur (1.41%) are trading in green.

Pre Session Market

Indian market is likely to have positive opening due to positive global cues. On Thursday, the market closed marginally up after a strong rally at the initial stage. The market came off sharply from the higher levels towards the end of the session on the back of heavy profit booking by the investors. The BSE Sensex closed higher by 64.39 points at 19,003.26 and NSE Nifty grew by 17.05 points to close at 5,634.60. We expect that the market to remain range bound during the trading session and the investors may take calculated steps in booking their further positions.

On Thursday, the US market closed in positive territory. The DJIA closed higher by 22.28 points at 13,311.73. The Nasdaq and S&P 500 index closed up by 5.22 points and 0.70 points at 2,668.13 and 1,469.72 respectively.

Indian ADRs ended in negative. In technology sector, Wipro fell by (0.90%) along with Infosys by (0.75%), Patni computers by (0.68%) and Satyam by (0.15%). In banking sector, ICICI bank and HDFC bank dropped by (2.27%) and (0.15%) respectively. MTNL VSNL slipped by (5.79%) and (0.41%) respectively.

The major stock markets in Asia are trading firm. Hang Seng is trading up by 89.45 points at 28,571.99. Japan''s Nikkei is trading higher by 184.71 points at 15,698.45. Singapore Strait times advanced by 32.91 points to trade at 3,511.13. Taiwan weighted ais trading firm at 8,559.05 up by 112.05 points. Seoul Composite is trading at 1,902.93 up by 25.37 points.

The FIIs stood as the net seller yesterday as the gross equity purchased was Rs.3,268.50 (in crores) and the gross debt purchased was Rs46.60 (in crores). The gross equity sold was Rs3,718.50 (in crores), and the gross debt sold was Rs116.30 (in crores). The net investment of equity was -Rs450 (in crores) and the net debt investment was -Rs69.70 (in crores).

Today, Nifty has support at 5,568 and resistance at 5,709 and BSE Sensex has support at 18,702 and resistance at 19,291.

Post Session Market

The market closed marginally up after a strong rally at the initial stage. The market came off sharply from the higher levels towards the end of the session on the back of heavy profit booking by the investors. The market opened on a firm note tracking the strong global cues but failed to sustain the momentum towards the final hours of the trading as the selling intensified across all the segments. Also, the expiry of the November 2007 derivatives contracts also put some pressure into the market. Selling is seen mostly in the capital goods and Metal scrips while Bankex, Oil & Gas and Realty attracts investors confidence. The BSE Sensex closed higher by 64.39 points at 19,003.26 and NSE Nifty grew by 17.05 points to close at 5,634.60. Overall, the market breadth was little weak as 1,468 stocks are closed in red while 1317 are closed in green. The BSE Mid cap fell by 20.94 points to close at 8,362.55 while Small cap closed up by 14.45 points at 10,389.75.

BSE Bankex surged 212.20 points to close at 10,601.41. Scrips that gained are IOB (7.43%), HDFC bank (4.30%), ICICI bank (3.15%), PNB (1.53%) and SBI (0.79%).

BSE oil & gas index grew by 127.02 points to closed at 12,044.60 as RPL (11.95%), Essar Oil (3.72%) and Reliance industries (1.15%) closed higher.

BSE Auto index closed up by 15.36 points at 5,419.51. Pushing it up are Hero Honda (3.53%), Maruti Suzuki (2.46%), M&M (1.47%), Exide industries (1.50%), Apollo tyres (0.82%) and Tata Motors (0.25%).

BSE Realty index closed up by 154.69 points at 10,223.93. Scrips that gained are Unitech (3.56%), DLF (0.27%), Sobha developers (0.12%) closed higher.

BSE Power index closed lower by 44.39 points at 4,253.53 as Areva (3.46%), Power Grid (2.39%), Reliance energy (2.37%), Torrent Power (1.89%), Suzlon energy (1.03%) closed lower.

BSE IT index closed marginally up by 4.36 points at 4,085.76 as Educomp solu (5.91%) and Rolta India (4.23%) closed higher while Niit techno (4.67%), Tech Mahindra (3.45%) and I-Flex (3.05%) closed lower.

Mid Session market

The market is trading in the deep positive territory with significant gains. Today is the day of the expiry of the Future and Option. Heavy buying continued across the board. The Bank, Metal Realty and Oil & Gas are in top pick stocks of the day. The Mid Cap and Small Cap also joined the rally but they are outperformed the benchmark index. The overall market breadth is positive as 1592 stocks are advancing while 1025 stocks are declining and 73 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 86.64 points at 8,470.13 while the BSE small Cap advanced by 95.31 points to trade at 10,470.61.

At 12.32 pm, BSE Sensex was at 19,261.84 up by 322.97 points whereas Nifty was at 5,712.30 up by 94.75 points.

BSE Metal index improved 310.41 points to trade at 17,286.77. The major gainers are Sterlite industries (4.26%), NALCO (3.63%), Hindalco Industries (1.63%) and Tata Steel (0.98%).

BSE Oil & Gas index was trading 118.34 points higher at 12,035.92 as BPCL (2.34%), ONGC (0.87%) and HPCL (0.70%) are trading in green.

BSE Capital goods index improved 112.88 points to 19,667.07. The main gainers are Siemens (2.01%), L&T (0.92%) and ABB (0.06%).

BSE IT index up by 72.77 points to trade at 4,154.17 as Wipro (2.67%), Infosys (2.04%), Satyam (1.65%) and TCS (1.64%) are trading in positive territory.

BSE Auto index inclined 66.60 points to trade at 5,470.75. Leading to it are Hero Honda (2.97%), Maruti Suzuki (2.79%), Mahindra & Mahindra (2.11%) and Tata Motors (1.80%).

BSE Power index advanced by 27.72 points to trade at 4,325.04 as Tata Power (1.82%), Crompton Greaves (1.69%), Reliance Energy (0.82%) and Suzlon Energy (0.78%) are trading higher.

BSE FMCG index inclined 27.64 points to trade at 2,161.51 as Dabur (5.98%), Godrej Consumer (3.52%), ITC (2.06%) and United Spirits (1.55%) are trading in green.

Pre Session Market

Indian market is likely to have positive opening as the US market closed in green and Asian Market is trading firm. On Wednesday, the Indian markets make a turnaround after the mid session by paring all its initial gains to close in a negative territory. Heavy selling pressure led the indices to close lower. The BSE Sensex closed lower by 188.86 points at 18,938.87 and NSE Nifty fell by 80.6 points to close at 5,617.55. We expect that the market to see some during the trading session.

On Wednesday, the US market closed in positive territory. The DJIA surged 331.01 points to close at 13,289.45. The Nasdaq and S&P 500 index closed higher by 82.11 points and 40.79 points at 2,662.91 and 1,469.02 respectively.

Indian ADRs ended in positive. In technology sector, Satyam is trading up by (8.37%) along with Wipro by (6.26%), Infosys by (4.79%) and Patni computers by (2.74%). In banking sector, HDFC bank and ICICI bank grew (5.43%) and (3.38%) respectively. VSNL and MTNL advanced by (4.27%) and (4.26%) respectively.

The major stock markets in Asia are trading strong. Hang Seng is trading higher by 908.71 points at 28,279.95. Japan''s Nikkei is trading up by 361.02 points at 15,514.80. Singapore Strait times is trading at 3,454.34 up by 84.62 points. Taiwan weighted advanced by 165.88 points to trade at 8,8442.14 and Seoul Composite grew by 47.45 points to trade at 1,882.14.

The FIIs stood as the net seller yesterday as the gross equity purchased was Rs.3,467 (in crores) and the gross debt purchased was Rs0.00 (in crores). The gross equity sold was Rs3,730.60 (in crores), and the gross debt sold was Rs225.30 (in crores). The net investment of equity was -Rs263.60 (in crores) and the net debt investment was -Rs225.30 (in crores).

Today, Nifty has support at 5,592 and resistance at 5,759 and BSE Sensex has support at 18,843 and resistance at 19,315.

Post Session Market

The market makes a turnaround after the mid session by paring all its initial gains to close in a negative territory. Heavy selling pressure led the indices to close lower. Though the market opened on an impressive note but lost the momentum to closed in a negative territory. Almost all the indices closed in red except the Auto index that attract investor''s confidence. The BSE Sensex closed lower by 188.86 points at 18,938.87 and NSE Nifty fell by 80.6 points to close at 5,617.55. Overall, the market breadth was weak as 1,497 stocks are closed in red while 1,306 are closed in green. The BSE Mid cap slipped by 10 points to close at 18,938.87 while Small cap closed up by 3.23 points at 10,375.30.

BSE Auto index closed up by 55.94 points at 5,404.15. Pushing it up are MICO (10.91%), Cummins (6.01%), Maruti Suzuki (3.11%), Bajaj Auto (2.82%) and Apollo tyres (1.67%).

BSE Metal index declined by 367.69 points to closed at 16,976.36. Pushed down are Nalco (5.87%), SAIL (4.57%), Hindalco (3.66%), Tata Steel (3.41%), Sterlite industries (2.02%).

BSE Capital Goods index declined by 198.54 points to close at 19,554.19. Pulling it down are Siemens (4.39%), Praj industries (3.39%), Crompton greaves (2.71%) and L&T (1.37%).

BSE oil & gas index dropped by 279.42 points to closed at 11,917.58. Scrips that fell are Essar oil (9.76%), BPCL (3.99%), RPL (2.98%), Cairn (2.37%), HPCL (2.25%) and ONGC (1.87%).

BSE Power index fell by 49.68 points to close at 4,297.82 as Suzlon energy (3.49%), Reliance energy (2.93%), CESC (2.08%) and Tata Power (1.88%) closed lower.

BSE IT index closed lower by 26.08 points at 4,081.40 as Aptech (2.50%), TCS (2.11%), Wipro (1.81%), I-Flex (1.17%) and Infosys (0.40%) closed in red.

Mid Session Market

The market is trading in the positive territory with significant gains on the back of heavy buying continued in the selective scrips. The Bank, Realty and Capital Goods stocks are in heavy demand in the opening trade. The Mid Cap and Small Cap are also the the buying hear from the investors and they outperformed the benchmark index. The overall market breadth is positive as 1692 stocks are advancing while 952 stocks are declining and 64 stocks remained unchanged on BSE.The BSE Mid cap is higher by 78.85 points at 8,472.34 while the BSE small Cap advanced by 111.30 points to trade at 10,483.37.

At 12.32 pm, BSE Sensex was at 19,234.15 up by 106.42 points whereas Nifty was at 5,707.05 up by 8.90 points.

BSE Capital goods index surged 208.82 points to 19,961.55. The main gainers are Areva (5.53%), BHEL (3.18%), L&T (0.93%) and Praj Industries (0.83%).

BSE Banks index increased by 166.81 points to trade at 10,662.27. The major gainers are Allahbad Bank (3.84%), Andhra Bank (3.37%), Kotak Bank (2.55%) and ICICI Bank (2.13%) are trading higher.

BSE Auto index inclined 60.84 points to trade at 5,409.05. Leading to it are Escorts Ltd. (3.90%), Maruti Suzuki (2.55%), Apollo Tyre (2.39%)

BSE Power index advanced by 57.58 points to trade at 4,405.28 as NTPC (1.92%), Power Grid (1.52%), Reliance Energy (0.84%) and Crompton Greaves (0.36%) are trading higher.

BSE Metal index improved 18.61 points to trade at 17,362.66. The major gainers are Jindal Steel (1.77%), Sesa Goa (1.68%), Tata Steel (0.67%) (0.50%).

BSE Oil & Gas index was trading 21.24 points lower at 12,175.76 as RPL (2.53%), BPCL (1.23%), ONGC (0.94%) and HPCL (0.34%) are trading in red.BSE IT index up by 18.76 points to trade at 4,126.24 as Tech. Mahindra (1.32%), Infosys (1.01%), Mphasis (0.92%) and I-flex (0.49%) are trading in positive territory.

BSE FMCG index inclined 0.97 points to trade at 2,142.36 as United Brew (2.09%), Glaxosmith Consumer (1.67%) and ITC (0.11%) are trading in green.

Pre Session Market

Indian market is likely to have positive opening as the US market closed in green. On Tuesday, the Indian market fell to closed lower as the cues from global markets are not in favor. The BSE Sensex closed lower by 119.81 points at 19,127.73 and NSE Nifty fell by 33.55 points to close at 5,698.15. We expect that the market will remain range bound during the trading session.

On Tuesday, the US market closed in positive territory. The DJIA closed higher by 215 points at 12,958.44. The Nasdaq and S&P 500 index grew by 39.81 points and 21.01 points at 2,580.80 and 1,428.23 respectively.

Indian ADRs ended in positive. In technology sector, Wipro is trading higher by (2.79%) along with Infosys by (2.56%), Patni computers by (2.28%) and Satyam by (2.07%). In banking sector, HDFC bank and ICICI bank fell (6.82%) and (6.51%) respectively. VSNL and MTNL grew by (8.36%) and (5.36%) respectively.

The major stock markets in Asia are trading on the back foot. Hang Seng is trading lower by 176.35 points at 27,033.86. Japan''s Nikkei dropped by 43.40 points at 15,179.45. Singapore Strait times is trading marginally lower by 4.02 points at 3,368.62. Taiwan weighted slipped by 18.81 points to trade at 8,356.95 and Seoul Composite dropped by 3.05 points to trade at 1,856.74.

The FIIs stood as the net buyer yesterday as the gross equity purchased was Rs.3,325.50 (in crores) and the gross debt purchased was Rs184.60 (in crores). The gross equity sold was Rs2,855.30 (in crores), and the gross debt sold was Rs35 (in crores). The net investment of equity was Rs470.20 (in crores) and the net debt investment was Rs149.60 (in crores).

Today, Nifty has support at 5,653 and resistance at 5,791 and BSE Sensex has support at 18,967 and resistance at 19,539.

Post Session Market

The market closed on a negative territory due to selling of scrips across the sectoral indices scrips. The market keeps on trading on the negative territory since from the opening bell, as the global cues are not in favor. After a good rally for the last two trading session, the market slipped today. While BSE Realty and Auto indices scrips seems to attract the investor''s confidence as the closed higher. The BSE Sensex fell by 119.81 points to close at 19,127.73 and NSE Nifty slipped by 33.55 points to close at 5,698.15. Overall, the market breadth was weak as 1,478 stocks are closed in red while 1299 are closed in green. Both BSE Mid cap and Small cap closed up by 9.24 points and 28.82 points to close at 8,393.49 and 10,372.07 respectively.

BSE Realty index surged 125.33 points to close at 10,206.60. Pushing it up are Phoenix Mill (4.69%), HDIL (3.50%), India Bull Real (2.94%), Omaxe Ltd.(1.08%) and DLF (0.68%).

BSE Auto index closed higher by 52.58 points at 5,348.21. Pushing it up are Ashok Leyland (16.65%), TVS Motor (12.24%), MRF (8.98%), Apolla Tyre (4.24%).

BSE Metal index dropped by 180.49 points to closed at 17,344.05. Pushed down by Jindal steel (5.94%), Jindal Saw (3.28%), Ispat Industries (2.32%), Hindalco Industries (1.52%) and SAIL (0.57%).

BSE Capital Goods index closed marginally higher by 1.08 points at 19,752.73. Pushing it up are BHEL(2.60%), Thermax (1.07%) and ABB (0.36%). while Kalpataru Power (2.16%), Siemens (1.26%) and L&T (0.11%) are closed lower.

BSE oil & gas index dropped by 18.28 points to closed at 12,197. Pulling it down are RPL (2.96%), RNRL (2.54%), Reliance industries (1.42%) and ONGC by (0.99%).

BSE Power index slipped by 29.23 points to close at 4,347.50 as Tata Power 3.65%, Crompton Greaves 3.22%, Torrent Power 3.12%, Power Grid 2.30% and Reliance energy 1.91% closed lower.

BSE IT index closed higher by 9.25 points at 4,107.48. Scrips that grew I-FLEX (4.75%), Wipro (1.12%), TCS (1.20%), Rolta (1.09%), Tech Mahindra (0.69%).

Mid Session Market

The market is still trading in the red zone on the back of heavy selling pressure is seen in the selective scrips. The Oil & Gas, Capital Goods and Bank stocks are facing the heavy sell of today. Even the Asian market are also trading in red. The overall market breadth is negative as 1218 stocks are advancing while 1384 stocks are declining and 69 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 16.93 points at 8,367.32 while the BSE small Cap advanced by 36.03 points to trade at 10,379.28.

At 12.32 pm, BSE Sensex was at 19,076.41 down by 171.13 points whereas Nifty was at 5,682.80 down by 48.90 points.

BSE Metal index improved 111.34 points to trade at 17,635.88. The major gainers are Sterlite Industries (2.12%), SAIL (1.51%) and Tata Steel (0.71%).

BSE Auto index inclined 16.33 points to trade at 5,311.96. Leading to it are Ashok Leyland (6.24%), TVS Motor (3.92%) and MRF (1.64%).

BSE Capital goods index dropped 91.56 points to 19,660.09. The main losers are Siemens (1.44%), BHEL (0.42%), ABB (0.38%) and L&T (0.29%).

BSE Banks index decreased by 116.36 points to trade at 10,474.59. The major losers are ICICI Bank (2.33%), PNB (2%) and HDFC Bank (1.03%) are trading lower.

BSE Oil & Gas index was trading 83.76 points lower at 12,131.52 as RPL (2.45%), RNRL (2.22%), GAIL (0.65%) and ONGC (0.27%) are trading in red.

BSE IT index down by 6.31 points to trade at 4,091.92 as HCL Technologies (2.26%), Wipro (0.66%), Satyam (0.23%) and Infosys (0.06%) are trading in negative territory.

BSE Power index dropped by 57.30 points to trade at 4,319.43 as Tata Power (3.46%), GVK Power (2.17%), Crompton Greaves (1.69%) and Reliance Energy (1.52%) are trading lower.

BSE FMCG index slipped 9.67 points to trade at 2,136.17 as Godrej Consumer (2.36%), Glaxosmith (1.45%), ITC (0.72%) and Dabur (0.13%) are trading in red.

Pre Session Market

Indian market is likely to have negative opening due to weak global cues. On Monday, the Indian market opened with handsome gains and rallied to close the session on an impressive note due to heavy buying in the index heavyweights. The BSE Sensex surged 394.67 points to close at 19,247.54 and NSE Nifty closed higher by 123.1 points at 5,731.70. We expect that the market will remain cautious, as the profit booking will take a lead during the trading session.

On Monday, the US market closed in negative territory. The DJIA closed lower by 237.44 points at 12,743.44. The Nasdaq and S&P 500 index fell by 55.61 points and 33.48 points at 2,540.99 and 1,407.22 respectively.

Indian ADRs ended in red. In technology sector, Satyam declined by (4.06%) along with Wipro by (2.50%) and Infosys by (1.13%). In banking sector, ICICI bank and HDFC bank fell (5.91%) and (5.54%) respectively. MTNL and VSNL dropped by (3.49%) and (1.11%) respectively.

The major stock markets in Asia are trading weak. Hang Seng is trading lower by 891.33 points at 26,735.29. Japan''s Nikkei is trading down by 320.34 points at 14,814.87. Singapore Strait times is trading at 3,340.53 fell by 78.05 points. Taiwan weighted declined by 271.02 points to trade at 8,257.31 and Seoul Composite dropped by 50.34 points to trade at 1,804.99.

The FIIs stood as the net seller yesterday as the gross equity purchased was Rs.2,756.30 (in crores) and the gross debt purchased was Rs174 (in crores). The gross equity sold was Rs2,929.70 (in crores), and the gross debt sold was Rs367.40 (in crores). The net investment of equity was -Rs173.40 (in crores) and the net debt investment was -Rs193.40 (in crores).

Today, Nifty has support at 5,581 and resistance at 5,739 and BSE Sensex has support at 18,746 and resistance at 19,260.

Post Session Market

The market closed on an impressive note due to strong buying across the heavy weights scrips. The market got off a good start carrying it from the last closing on Friday and closed with heavy gains. Though the market tumbles in the middle but manages to overcome in the final trading hour of the session. The global cues are in favor which led o the Indian market to trade higher. Most buying is seen Metal, Capital goods, oil & gas and Realty indices scrips. The BSE Sensex surged 394.67 points to close at 19,247.54 and Nifty grew by 123.1 points to close at 5,731.70. The Sensex touched an intraday high of 19,360.23 and low of 19,137.66 during the trading session. Overall, the market breadth was strong as 1,820 stocks are closed higher while 986 are closed lower. Both BSE Mid cap and Small cap grew by 155.75 points and 171.82 points to close at 8,384.25 and 10,343.25 respectively.

BSE Metal index surged by 930.46 points to closed at 17,524.54. Pushed up by Jindal steel (16.74%), NALCO (14.41%), SAIL (5.32%), Ispat Industries (4.60%), Tata Steel (3.47%)

BSE Capital Goods index closed higher by 435.53 points at 19,751.65. Pushing it up are Kirloskar (10.64%), BEML (9.26%), Crompton Greaves (8.45%), Praj Industries (5.59%), Suzlon Energy (4.05%) and SKF (2.38%).

BSE Realty index surged 297.91 points to close at 10,081.27. Pushing it up are Ansal Infra (11.01%), Sobha developers (7.15%), Unitech by (6.05%), Anant Raj (3.41%) and Parsvnath by (2.51%).

BSE oil & gas index surged by 227.81 points to closed at 12,215.28. Jumped by Cairn (4.38%), ONGC (3.35%), HPCL (2.81%), Reliance industries (2.54%) and Indian Oil (1.61%).

BSE Power index grew by 94.38 points to close at 4,376.73 as Crompton Greaves (8.45%), Suzlon energy by (4.05%), Reliance energy by (3.74%), GVK Power (3.67%) closed higher.

BSE IT index closed higher by 81.13 points at 4,098.23. Scrips that grew are NIIT ltd by (10.93%), I-FLEX by (7.47%) at Rs1448.80, Rolta India by (6.41%) at Rs676.10, Wipro by (2.41%)

Mid Session Market

The market has still maintained its opening rally and is trading with significant gain on the back of heavy buying momentum is seen across the board. Even the BSE Mid Cap and BSE Small Cap are also trading firmly. This led to the overall market breadth to remain in positive as 1960 stocks are advancing while 666 stocks are declining and 52 stocks remained unchanged on BSE.

The BSE Mid cap is also higher by 143.05 points at 8,371.55 and the BSE small Cap advanced by 178.36 points to trade at 10,349.79.

At 12.31 pm, BSE Sensex was at 19,197.91 up by 345.04 points whereas Nifty was at 5,707.80 up by 99.20 points.

BSE Metal index improved 516.91 points to trade at 17,110.39. The major gainers are NALCO (5.39%), Hindalco Industries (2.13%), SAIL (1.98%) and Sterlite Industries (1.36%).

NALCO has planned to set up an aluminum park close to its smelter plant in Orissa. The purpose of setting up the park was to generate employment and encourage per capita aluminium consumption among the people

BSE Capital goods index surged 423.07 points to 19,739.19. The main gainers are BHEL (2.40%), L&T (2.22%), ABB (0.84%) and Siemens (0.20%).

BSE Oil & Gas index was trading 224.80 points higher at 12,212.27 as HPCL (4.33%), ONGC (3.24%), BPCL (1.52%) and GAIL (1.43%) are trading in green.

BSE Banks index increased by 218.56 points to trade at 10,632.92. The major gainers are HDFC Bank (4.73%), PNB (2.92%), ICICI Bank (2.11%) and SBI (1.29%) are trading higher.

BSE IT index up by 98.33 points to trade at 4,115.43 as TCS (3.23%), Wipro (2.49%), Infosys (2.12%) and Satyam (1.91%) are trading in positive territory.

BSE Power index advanced by 97.76 points to trade at 4,380.11 as Suzlon Energy (4.10%), Reliance Energy (3.64%), GVK Power (3.84%) and Tata Power (2.65%) are trading higher.

BSE Auto index inclined 60.17 points to trade at 5,316.72. Leading to it are Bajaj Auto (1.97%), Hero Honda Motors (1.26%) Maruti Suzuki (0.63%) and Tata Motors (0.42%).

Pre Session Market

Indian market is likely to have positive opening as the global cues are in favor. On Friday, the market opened with heavy gains and closed on a impressive note due to heavy buying in the index heavyweights. Also the market got a boost as the India''s whole price index grew by 3.01% in the 12 months ended November 10, 2007 as compared to previous week rise of 3.11%. The Indian markets closed in a positive territory as BSE Sensex surged 326.55 points to close at 18,852.87 and NSE Nifty closed up by 89.25 points at 5,608.60. We expect the market may gain some ground during the trading session.

On Friday, the US market remains closed in green. The DJIA closed up by 181.84 points at 12,980.88. The Nasdaq and S&P 500 index grew by 34.45 points and 23.93 points at 2,596.60 and 1,440.70 respectively.

Indian ADRs ended in green. In technology sector, Satyam grew by (4.67%) along with Wipro by (2.96%) and Infosys by (1.14%). In banking sector, HDFC bank ICICI bank surged (7.74%) and (4.74%) respectively. VSNL and MTNL advanced by (2.66%) and (1.84%) respectively.

The major stock markets in Asia are trading strong. Hang Seng is trading up by 863.33 points at 27,404.42. Japan''s Nikkei is trading higher by 195.34 points at 15,084.11. Singapore Strait times is trading at 3,399.31 higher by 73.42 points. Taiwan weighted grew by 155.40 points to trade at 8,497.60 and Seoul Composite advanced by 54.20 points to trade at 1,827.08.

Today, Nifty has support at 5,567 and resistance at 5,718 and BSE Sensex has support at 18,696 and resistance at 19,229.

Pre Session Market

Indian market is likely to have flat opening as the Asian Market are trading mixed. On Thursday, a lot of volatility is seen in the markets as the market opened with heavy gains and all of a sudden lost the momentum and fell but manages to pare most of its losses towards the end of the session. Finally, the Indian markets closed in a negative territory as BSE Sensex fell by 76.30 points to close at 18,526.32 and NSE Nifty closed lower by 41.7 points at 5,519.35. We expect that the profit booking may prevail in the market during the trading session but the annual inflation data, which is due today, may give directions on the latter half of the day.

Yesterday, the US market remains closed for the Thanks giving day.

The major stock markets in Asia are trading mixed. Hang Seng is trading strongly at 26,647.45 up by 642.53 points. Singapore Strait times is trading higher by 19.26 points at 3,332.14. Taiwan weighted is trading down by 13.71 points at 8,485.66 and Seoul Composite fell by 18.84 points to trade at 1,780.18.

Yesterday, FIIs stood as the net seller. The gross equity purchased was Rs.3,246.60 (in crores), and the gross debt purchased was Rs.0.00 (in crores) as against the gross equity sold was Rs.5,469.00 (in crores) and the gross debt sold was Rs.242.70 (in crores). The net investment of equity was -Rs2,222.40. (in crores) and the net debt investment was -Rs.242.70 (in crores).Today, Nifty has support at 5,412 and resistance at 5,598 and BSE Sensex has support at 18,130 and resistance at 18,729.

Post Session Market

The market makes a turnaround towards the end of the session by paring most of its initial losses as the buying intensified across the heavy weight sectoral indices scrips. The market opened on a positive note but all of a sudden lost the momentum and fell as the selling intensified. The Sensex covers an intraday high of 18,744.55 and low of 18,182.83 . The banking and auto indices remained in the limelight as most buying is seen in these scrips. Finally, BSE Sensex closed little lower by 76.30 points at 18,526.32 and NSE Nifty dropped by 41.7 points to close at 5561.05. Overall, the market breadth was weak as 1,965 stocks are closed lower while 805 are closed higher. Both BSE Mid cap and Small cap fell by 127 points and 204.36 points at 8,090.84 and 10,060.87 respectively.

BSE bankex index grew by 178.53 points to close at 10,406.24. Pushing it up are PNB (9.44%), SBI (4.04%), Kotak bank (3.27%), Federal bank (2.60%), ICICI bank (2.16%).

BSE Auto index closed up by 8.31 points at 5,179.16 as Bajaj Auto (2.08%), Maruti Suzuki (1.65%), Tata Motors (0.80%) and M&M (0.49%) closed in green.

BSE Capital Goods index closed with a heavy loss of 487.60 points at 18,815.18. Pulling it down are L&T (4.06%), Areva (3.61%), Havell (3.08%), BHEL (1%), ABB (0.60%)

BSE Metal index declined by 208.47 points to closed at 16,045.12. Scrips that fell are Ispat inds (7.98%), Jindal saw (5.79%), Sterlite (5.09%), Jindal stainless (4.08%) and Nalco (3.47%) closed lower.

BSE oil & gas index dropped by 38.92 points to close at 11,692.07 as Aban offshore (3.34%), ONGC (3.61%), Essar oil (2.23%) and IOCL (1.71%) closed in red.

BSE Power index fell by 95.44 points to close at 4,151.07 as reliance energy (5.18%), torrent power by (4.64%), NTPC (4.99%), CESC (4.10%), Power grid (3.44%) closed in negative.

BSE IT index closed lower by 27.76 points at 3,959.90 as Karut net (8.85%), Rolta India (5.10%), Finance tech (3.96%), Iflex (3.93%) and Infosys (1.05%) closed lower.

Mid Session Market

The market is still trading lower on the back of heavy sell of continued in the selective scrips mainly led by the Capital Goods, Realty and Power stocks. The market has been extremely volatile from the opening session. Even the BSE Mid Cap and BSE Small Cap are also facing the selling tune. This led to the overall market breadth to remain in negative as 773 stocks are advancing while 1834 stocks are declining and 58 stocks remained unchanged on BSE.

The BSE Mid cap is also lower by 174.15 points at 8,043.69 and the BSE small Cap slipped by 213.52 points to trade at 10,051.71.

At 12.31 pm, BSE Sensex was at 18,392.50 down by 210.12 points whereas Nifty was at 5,474 down by 87.05 points.

BSE Banks index increased by 125.92 points to trade at 10,353.63. The major gainers are PNB (4.34%), SBI (4.17%), ICICI Bank (0.91%) and HDFC Bank (0.32%) are trading higher.

Punjab National Bank''s board has given a green signal for the scheme of merger of PNB gilts with the bank.
BSE Oil & Gas index was trading 23.79 points higher at 11,754.78 as HPCL (2.19%), BPCL (1.58%), GAIL (0.95%) and RPL (0.49%) are trading in green.

BSE Health Care index up by 7.63 points to trade at 3,821.26. Leading the gain are Cipla (1.66%), Dr. Reddy (1.17%), Sun Pharma (0.56%), Ranbaxy (0.50%) and GSK (0.19%).

BSE Capital goods index dropped 277.21 points to 19,025.57. The main losers are L&T (1.68%), BHEL (1.53%), ABB (1.11%) and Siemens (0.41%).

BSE Metal index dropped 10.17 points to trade at 16,243.42. The major losers are Sterlite Industries (2.04%), NALCO (2.01%) and Tata Steel (0.48%).

BSE Power index slipped by 70.38 points to trade at 4,176.13 as Tata Power (4.25%), NTPC (3.55%), Reliance Energy (3.59%) and Crompton Greaves (2.06%) are trading lower.

BSE IT index down by 7.48 points to trade at 3,980.18 as Satyam (0.72%), HCL Technologies (0.69%), Infosys (0.45%) and Wipro (0.23%) are trading lower.

Pre Session Market

Indian market is likely to have a negative opening as the us market closed in red and Asian market closed in mixed territory. Also the statement by the media about the increase of securities transaction tax by the finance minister may add to the negative sentiments. On Wednesday, the Indian markets tumbled to close on a deep red note due to heavy selling pressure across the sectoral indices scrips. Finally, BSE Sensex declined by 678.18 points to close at 18,602.62 and Nifty dropped by 219.85 points to close at 5,561.05. We expect the market to remain cautious during the trading session.

On Wednesday, the US market closed in negative territory. The Dow Jones Industrial Average (DJIA) fell by 211.10 points to close at 12,799.04. The S&P 500 (SPX) index decreased by 22.93 points to close at 1,416.77 and the NASDAQ Composite (RIXF) dropped by 34.66 points to close at 2,562.15.

Indian ADRs ended in red. In technology sector, Satyam fell by (6.07%) along with Wipro by (4.18%), Infosys by (3.66%) and Patni computers by (0.52%). In banking sector, ICICI bank and HDFC bank dropped by (7.17%) and (5.97%) respectively. VSNL and MTNL slipped by (8.97%) and (6.42%) respectively.

The major stock markets in Asia are trading mixed. Hang Seng index is trading up by 179.03 points at 26,797.22. Japan''s Nikkei is trading lower by 59.75 points at 14,777.91. Taiwan weighted grew by 6.80 points to trade at 8,490.91. Seoul Composite is fell by 4.51 points at 1,802.48. Singapore Strait times grew by 2.83 points to trade at 3,350.03.

The FIIs stood as the net seller yesterday as the gross equity purchased was Rs.4,816.70 (in crores) and the gross debt purchased was Rs30 (in crores). The gross equity sold was Rs5,888.80 (in crores), and the gross debt sold was Rs65.30 (in crores). The net investment of equity was -Rs1,072.10 (in crores) and the net debt investment was -Rs35.30 (in crores).

Today, Nifty has support at 5,469 and resistance at 5596 and BSE Sensex has support at 18,215 and resistance at 18,816.

Post Session Market

The market tumbles to close the session on a red note on the back of heavy selling pressure across the sectoral indices scrips. The reports by the media which states the government is considering raising of securities transaction tax also added to the negative sentiments in the market. Finally, the BSE Sensex closed with a heavy loss of 678.18 points at 18,602.62 and Nifty fell by 219.85 points to close at 5561.05. Almost all the sectoral indices closed in red but heavy selling is seen in capital goods, metals, bankex and realty indices. Overall, the market breadth was weak as 2,191 stocks are closed lower while 640 are closed higher. Both the BSE Mid cap closed lower by 408.03 points and 425.93 points at 8,217.84 and 10,265.23 respectively.

BSE Capital Goods index fell drastically by 1,046.64 points to close at 19,302.78. Scrips that fell are Alstom projects (10.08%), BHEL (6.33%), L&T (5.25%), ABB (3.88%) and Siemens (2.98%).

BSE Metal index declined by 1057.10 points to close at 16,253.59. Pulling it down are Ispat (9.29%), Jindal Steel (8.29%), Sterlite (7.65%), Hind zinc (7.71%), SAIL (6.89%) closed lower.

BSE bankex index declined by 536.82 points to close at 10,227.71. Pulling it down are IOB (7.44%), Canara bank (6.60%), PNB (6.22%), Axis bank (5.73%) and ICICI bank (5.50%) closed in red.

BSE oil & gas index dropped by 405.59 points to close at 11,730.99 as RNRL (9.84%), IOCL (8.92%), HPCL (8.67%), BPCL (4.60%), GAIL (5.09%) and ONGC (2.37%) closed in red.

BSE Power index fell by 266.51 points to close at 4,246.51 as GMR infrastr (9.41%), NTPC 8.03%, Power grid (7.70%), Suzlon energy (6.66%), reliance energy (5.65%) and Tata Power (4.93%) closed in negative.

BSE IT index closed lower by 66.98 points at 3,987.66 as NIIT (7.88%), Aptech (7.41%) Wipro (2.70%), Satyam (1.56%), TCS (1.25%) and Infosys (1.04%) closed lower.

Mid Session Market

The market has lost further grounds on the back of heavy sell off seen across the board. The Capital Goods, Metal and Bank stocks are the major loser till the afternoon trade. Even the BSE Mid Cap and BSE Small Cap are also facing the selling tune. This led to the overall market breadth to remain in negative as 816 stocks are advancing while 1860 stocks are declining and 58 stocks remained unchanged on BSE. The BSE Mid cap is also lower by 200.87 points at 8,425 and the BSE small Cap slipped by 176.82 points to trade at 10,512.54.

At 12.31 pm, BSE Sensex was at 18,890.30 down by 390.50 points whereas Nifty was at 5,660.65 down by 120.25 points.

BSE Capital goods index dropped 632.78 points to 19.716.64. The main losers are L&T (3.07%), ABB (3.01%), Siemens (2.85%) and BHEL (2.68%).

BSE Metal index dropped 476.18 points to trade at 16,834.51. The major losers are Sterlite Industries (2.83%), NALCO (2.67%), Tata Steel (2.21%) and Hindalco Industries (2.07%).

BSE Banks index decreased by 367.18 points to trade at 10,397.35. The major losers are ICICI Bank (4.05%), HDFC Bank (3.56%), PNB (2.55%) and SBI (2.06%) are trading lower.

BSE Oil & Gas index was trading 223.02 points lower at 11,913.56 as GAIL (5.41%), HPCL (4.98%), BPCL (2.27%) and ONGC (1.97%) are trading in deep red.

BSE Power index slipped by 156.12 points to trade at 4,356.90 as Areva (5.79%), Tata Power (4.86%), Suzlon Energy (3.74%) and GVK Power (3.59%) are trading lower.

BSE Auto index declined 97.06 points to trade at 5,242.23. Leading to it down are Maruti Suzuki (3.08%), Mahindra & Mahindra (3.01%), Tata Motors (1.98%) and Bajaj Auto (0.37%).

BSE Health Care index down by 59.04 points to trade at 3,887.11. Leading the loss are Dr. Reddy (2.1%), Ranbaxy (1.93%), Cipla (1.60%) and Sun Pharma (1.36%).

BSE IT index down by 33.52 points to trade at 4,021.12 as Wipro (1.79%), Satyam (1.44%) and Infosys (0.38%) are trading lower.

Pre Session Market

Indian market is likely to have a flat opening for the day due to mixed global cues. On Tuesday, the benchmark index Sensex ended up with a loss of 352.56 points at 19,280.80 and Nifty fell by 126.75 points to close at 5,780.90. We expect that the market may see some down ward trend and will be looking for any cue for making an up move.

On Tuesday, the US markets ended in green. The Dow Jones Industrial Average (DJIA) ended with a gain of 51.70 points to close at 13,010.41. Further the NASDAQ Composite & S&P 500 (SPX) index also closed marginally up by 6.43 points & 3.43 points at 2,596.81 & 1,439.70 respectively.

Indian ADRs ended in mixed. In telecommunication sector, MTNL fell by 3.54% while VSNL grew by 3.50%. In banking sector, HDFC bank and ICICI bank closed up by 1.91% and 1.67% respectively. In technology sector, Wipro increased by 0.83% along with Patni computers by 0.26% and Satyam by 0.24% while Infosys grew by 2.38%.

The major stock markets in Asia are also trading in red. Hang Seng is trading lower by 717.15 points at 27,054.06. Along with this, Japan''s Nikkei is also trading with a loss of 196.09 points to trade at 15,015.43. Singapore''s Straits Times index is also trading down by 44.52 points at 3,393.75. Seoul Composite dropped by 22.23 points to trade at 1,850.01.

Yesterday, the FIIs stood as the net sellers as the gross equity purchased was Rs.3,859.70 (in crores), and the gross debt purchased was Rs.0.00 (in crores) as against the gross equity sold was Rs.3,886.50 (in crores) and the gross debt sold was Rs.0.00 (in crores). The net investment of equity was Rs.-26.80 (in crores) and the net debt investment was Rs.0.00 (in crores).

Today, Nifty has support at 5,709 and resistance at 5,835 and BSE Sensex has support at 18,990 and resistance at 19,496.

Post Session Market

The market closed the trading session on a negative note as BSE Sensex declined by 352.56 points to closed at 19,280.80 while Nifty fell by 126.75 points to closed at 5780.90. The market opened on a weak note backed by the unfavoring global cues but manages to pare all its initial losses at the mid session but after that lost the grip and fell to closed in the red zone. Most selling is seen in capital goods, metal. Oil & gas and reality indices scrips. Overall, the market breadth was strong as 1,548 stocks are closed lower while 1278 are closed lower. The BSE Mid cap closed lower by 104.95 points to close at 8,625.87 while Small cap grew by 18.27 points to closed at 10,691.16.

BSE Capital Goods index fell drastically by 457 points to close at 20,349.42. Scrips that fell are BHEL (4.65%), Areva (4.32%), Praj industries (4.25%), Siemens (3.36%) and ABB (2.72%).

BSE Metal index declined by 358.17 points to closed at 17,310.69. Pulling it down are Nalco (8.09%), Hindalco (5.50%), Sterlite (5.17%), Jindal Saw (4.80%), Hind Zinc (2.23%) closed lower.

BSE oil & gas index dropped by 330.92 points to close at 12,136.58. Pushing it down are Essar Oil by (8.34%), Cairn (4.21%), BPCL (4.18%), Indian Oil (4.04%) and RNRL (1.80%).

BSE Realty dropped by 300.68 points to close at 10,447.35 as Ansal infra (5.85%), Mahindra ges (5.61%), Penland (5.06%), Unitech (4.57%) and DLF (4.21%) closed in red.

BSE Power index closed lower by 140.25 points at 4,513.02 as Tata Power (4.31%), Torrent power (3.06%), Suzlon energy (2.54%), NTPC (1.96%) and reliance energy (1.80%) closed in negative.

BSE bankex index fell by 156.14 points to close at 10,764.53. Pulling it down are Allahabad Bank (8.27%), Andhra Bank (5.49%), Federal Bank (3.79%), PNB (3.67%) and BOI (3.42%) closed lower.

BSE IT index closed lower by 106.24 points at 4,054.64 as Aptech (8.74%), I Flex (3.80%), Infosys (3.41%), Tech Mahindra (2.95%), TCS (2.79%) closed lower.

Mid Session Market

The market is now off the day''s low and is trading flat on the back of buying momentum seen in the selective scrips. The Metal and Bank stocks are in strong demand today whereas the Realty and IT stocks are still lagging behind. The BSE Mid Cap and BSE Small Cap still continued to outperformed the benchmark index today. This leads to the overall market breadth to remain in positive as 1955 stocks are advancing while 731 stocks are declining and 44 stocks remained unchanged on BSE.

The BSE Mid cap is also higher by 94.91 points at 8,825.73 and the BSE small Cap improved by 208.64 points to trade at 10,881.53.

At 12.31 pm, BSE Sensex was at 19,669.45 up by 36.09 points whereas Nifty was at 5,903 down by only 5 points.

BSE Metal index surged 126.78 points to trade at 17,795.64. The major gainers are Jindal Stainless (14.92%), Ispat Industries (5.29%), Tata Steel (1.91%) and SAIL (1.36%).BSE Banks index increased by 69.87 points to trade at 10,990.54. The major gainers are SBI (1.48%), ICICI Bank (1.43%) and PNB (0.98%) are trading higher.

BSE Health Care index increased by 25.60 points to trade at 3,975.13. Leading the gain are Cipla (1.07%), Ranbaxy (0.96%) and GSK Pharma (0.10%).

BSE Oil & Gas index was trading 7.70 points higher at 12,475.20 as GAIL (4.03%), HPCL (2.65%), ONGC (1.18%) and RPL (0.96%) are trading higher.

BSE Auto index inclined 1.70 points to trade at 5,414.94. Leading to it higher are Hero Honda Motors (1.27%), Tata Motors (1%) and Bajaj Auto (0.08%).

BSE Capital goods index dropped 81.13 points to 20.725.29. The main losers are BHEL (1.51%), ABB (1.33%) and Siemens (0.24%).

BSE Power index slipped by 12.86 points to trade at 4,640.41 as Tata Power (2.35%), GVK Power (0.98%) and Areva (0.59%) are trading lower.

BSE IT index down by 45.56 points to trade at 4,115.32 as TCS (1.91%), HCL Technologies (1.69%), Wipro (1.53%) and Infosys (1.36%) are trading lower.The market is now off the day''s low and is trading flat on the back of buying momentum seen in the selective scrips. The Metal and Bank stocks are in strong demand today whereas the Realty and IT stocks are still lagging behind. The BSE Mid Cap and BSE Small Cap still continued to outperformed the benchmark index today. This leads to the overall market breadth to remain in positive as 1955 stocks are advancing while 731 stocks are declining and 44 stocks remained unchanged on BSE.

The BSE Mid cap is also higher by 94.91 points at 8,825.73 and the BSE small Cap improved by 208.64 points to trade at 10,881.53.

At 12.31 pm, BSE Sensex was at 19,669.45 up by 36.09 points whereas Nifty was at 5,903 down by only 5 points.

BSE Metal index surged 126.78 points to trade at 17,795.64. The major gainers are Jindal Stainless (14.92%), Ispat Industries (5.29%), Tata Steel (1.91%) and SAIL (1.36%).BSE Banks index increased by 69.87 points to trade at 10,990.54. The major gainers are SBI (1.48%), ICICI Bank (1.43%) and PNB (0.98%) are trading higher.

BSE Health Care index increased by 25.60 points to trade at 3,975.13. Leading the gain are Cipla (1.07%), Ranbaxy (0.96%) and GSK Pharma (0.10%).

BSE Oil & Gas index was trading 7.70 points higher at 12,475.20 as GAIL (4.03%), HPCL (2.65%), ONGC (1.18%) and RPL (0.96%) are trading higher.

BSE Auto index inclined 1.70 points to trade at 5,414.94. Leading to it higher are Hero Honda Motors (1.27%), Tata Motors (1%) and Bajaj Auto (0.08%).

BSE Capital goods index dropped 81.13 points to 20.725.29. The main losers are BHEL (1.51%), ABB (1.33%) and Siemens (0.24%).

BSE Power index slipped by 12.86 points to trade at 4,640.41 as Tata Power (2.35%), GVK Power (0.98%) and Areva (0.59%) are trading lower.

BSE IT index down by 45.56 points to trade at 4,115.32 as TCS (1.91%), HCL Technologies (1.69%), Wipro (1.53%) and Infosys (1.36%) are trading lower.

Pre Session Market

Indian market is likely to have negative opening as the Asian Market are trading lower and US market closed in red. On Monday, the Indian market failed to hold their initial gains due to the selling pressure across the sectoral indices scrips but the small caps nad mid caps continued to outperform the benchmark indices. Finally, the BSE Sensex fell by 65 points to close at 19,633.36 and NSE Nifty closed marginally up by 0.8 points at 5,907.65. We expect that the profit booking may prevail in the market during the trading session, as the global cues are not in favor.

Monday, the US markets closed in red as the Dow Jones Industrial Average (DJIA) declined by 218.35 points to closed at 12,958.44. NASDAQ Composite and S&P 500 also dropped by 43.86 points and 25.47 points at 2,593.38 and 1,433.27 respectively.

Indian ADRs ended in negative territory. In banking sector, ICICI bank and HDFC bank slipped by (5.46%) and (3.93%) respectively. In technology sector, Wipro fell by 5.41% along with Satyam by 3.99% and Infosys by 2.47% while Patni computers grew by (0.66%) In telecommunication sector, MTNL and VSNL dropped by (4.84%) and (3.76%) respectively.

The major stock markets in Asia are trading weak. Hang Seng declined by 881.19 points at 26,578.98. Japan''s Nikkei is trading lower by 285.89 points at 14,756.67. Taiwan weighted is trading down by 285.93 points at 8,394.78 and Seoul Composite fell by 64.43 points to trade at 1,829.04.

Yesterday, FIIs stood as the net seller. The gross equity purchased was Rs.3,508.90 (in crores), and the gross debt purchased was Rs.10.50 (in crores) as against the gross equity sold was Rs.3,588 (in crores) and the gross debt sold was Rs.14.90 (in crores). The net investment of equity was -Rs79.10. (in crores) and the net debt investment was -Rs.4.40 (in crores).

Today, Nifty has support at 5,803 and resistance at 5,948 and BSE Sensex has support at 19,261 and resistance at 19,859.

Post Session Market

The market closed the trading session on a negative note as BSE Sensex closed lower by 65 points at 19,633.36 while NSE Nifty closed marginally up by 0.8 points at 5,907.65. The Sensex opened on a strong note and manages to trade higher but finally lost the grip and fell to closed the session in the negative territory due to the selling pressures in the index heavy weights. Most buying is seen in BSE Reality, Metal, Capital goods, Consumer durables and Auto indices. The Sensex has touched an intraday high of 19,971.44 and low of 19,583.97 during the trading session. Overall, the market breadth was strong as 2,182 stocks are closed higher while only 644 are closed lower. Both the BSE Mid cap and Small cap closed higher by 218.44 point and 292.16 points at 8,730.82 and 10,672.89 respectively. BSE Metal index closed higher by 170.66 points at 17,668.86 as Jindal Steel (4.94%), Jindal Stainless (4.06%), Tata Steel (2.32%) and Hindalco Industries (0.81%) closed in green.

BSE Capital Goods index inclined by 162.71 points to closed at 20,806.42 as Elecon Eng.(8.16%), AIA Engineering (7.90%), Crompton Greaves (5.12%), Siemens (5.17%) closed higher.

BSE Power index grew by 61.30 points to close at 4,653.27. Pulling it up are GMR infra (8.66%), GVK power (8.05%), Siemens (5.17%), Crompton greaves (5.12%), Power Grid (3.88%).

BSE oil & gas index dropped by 12.06 points to close at 12,467.50. Pushing it down are HPCL by (4.49%), BPCL (4.42%), IOCL (3.07%) and RPL (2.61%).

BSE FMCG index fell by 5.83 points to close at 2,224.86. Leading the loss are Glaxismith (3.19%), ITC (3.10%) and REI Agro (1.09%) closed lower.

BSE bankex index fell by 82.38 points to close at 10,920.67. Pulling it down are Federal bank (22.41%), ICICI bank (2.67%), HDFC bank (1.89%) and SBI (0.89%) closed lower.

BSE IT index closed marginally higher by 1.76 points at 4,160.88 as Aptech (13.61%), Tech Mahindra (4.27%), I Flex (2.68%) closed higher while Satyam (1.38%), Infosys (0.23%) and Wipro (0.20%) closed lower.

Mid Session Market

The market is trading higher on the back of buying momentum is seen across the board. The Metal, Capital Goods and Realty stocks are in demand from the opening bell today. The BSE Mid Cap and BSE Small have significantly outperformed the benchmark index today. Both the indices are trading at their lifetime highs. This leads to the overall market breadth to remain in positive as 2130 stocks are advancing while 517 stocks are declining on BSE.

The BSE Mid cap is also higher by 207 points at 8,719 and the BSE small Cap improved by 291 points to trade at 10,672.

At 12.31 pm, BSE Sensex was at 19,801 up by 103 points whereas Nifty was at 5,962 up by 55 points.

BSE Capital goods index improved 235.8 points to 20.879.29. The main gainers are Siemens (5.48%), BHEL (0.75%), ABB (0.61%) and L&T (0.05%).

BSE Metal index surged 223.84 points to trade at 17,722.04. The major gainers are Tata Steel (2.01%), NALCO (1.97%), SAIL (1.91%) and Hindalco Industries (1.47%).

BSE Oil & Gas index was trading 172.05 points higher at 12,651.61 as ONGC (3.94%), GAIL (2.97%) are trading higher while BPCL (3.92%) and HPCL (2.22%) are trading lower.

BSE Auto index inclined 138.84 points to trade at 5,422.85. Leading to it higher are Bajaj Auto (4.56%), Mahindra & Mahindra (2.45%), Tata Motors (2.44%) and Maruti Suzuki (1.15%).

BSE Power index advanced by 97.04 points to trade at 4,689.01 as Suzlon Energy (3.78%), Tata Power (2.56%), NTPC (2.27%) and Reliance Energy (1.20%) are trading higher.

BSE Banks index increased by 2 points to trade at 11,005.05. The major gainers are PNB (3.48%) and SBI (0.17%) while ICICI Bank (1.60%) and HDFC Bank (1.60%) are trading lower.

BSE Health Care index increased by 68.93 points to trade at 3,953.96. Leading the gain are Cipla (3.31%), Sun Pharma (1.90%), Ranbaxy (1.21%) and GSK Pharma (0.58%).

BSE IT index up by 9.65 points to trade at 4,168.77 as HCL Tech. (1.71%), TCS (0.81%)and Wipro (0.65%) are trading higher.

Pre Session Market

Indian market is likely to have a positive opening as the global cues are in favor. On the domestic front, the formal clearance by the Left party to hold negotiations with International Atomic Energy Agency over the INDO-US nuclear deal. On Friday, the Indian markets ended on a negative note as BSE Sensex fell by 86.53 points to close at 19,698.36 while Nifty dropped by 5.25 points to close at 5,906.85. We expect the market to trade higher during the trading session.

On Friday, the US market closed in positive territory. The Dow Jones Industrial Average (DJIA) grew by 65.52 points to close at 13,175.57. The S&P 500 (SPX) index increased by 7.59 points to close at 1,458.74 and the NASDAQ Composite (RIXF) inched up by 18.73 points to close at 2,637.24.

Indian ADRs ended in green. In technology sector, Satyam grew by 2.91% along with Wipro by 2.78% and Infosys by 2.21%. In banking sector, HDFC bank and ICICI bank grew by (3.46%) and (2.18%) respectively. VSNL and MTNL advanced by (8.13%) and (6.98%) respectively.

The major stock markets in Asia are trading strong. Japan''s Nikkei is trading higher by 43.21 points at 15,197.82. Hang Seng index is trading up by 117.39 points at 27,731.82. Taiwan weighted grew by 25.83 points to trade at 8,790.65. Seoul Composite is trading flat at 1,925.39.

Yesterday, the FIIS stood as the net buyer as the gross equity purchased was Rs.4,464.30 (in crores) and the gross debt purchased was Rs0.00 (in crores). The gross equity sold was Rs3,675.90 (in crores), and the gross debt sold was Rs0.00 (in crores). The net investment of equity was Rs788.40 (in crores) and the net debt investment was Rs0.00 (in crores).

Today, Nifty has support at 5,861 and resistance at 6,011 and BSE Sensex has support at 19,603 and resistance at 19,997.

Post Session Market

After a lot of volatility in today''s trading session, the market finally closed on a sad note as BSE Sensex fell by 86.53 points to closed at 19,698.36 and NSE Nifty dropped by 5.25 points to closed at 5,906.85. Though the market opened with a huge gap down but immediately gained the momentum to pare all its initial losses due to buying across the sectoral indices scrips. Both the Sensex and Nifty keeps on moving ups and down throughout the trading session as the global markets are not in favor. Most of the indices closed in red while Oil and gas, FMCG, Auto and CD attract investor''s confidence as they are closed in green. Overall, the market breadth was strong as 1,909 stocks are closed in green while only 912 are closed in red. Both the BSE Small cap and Mid cap closed higher by 98.29 point and 153.07 points at 8,512.38 and 10,380.73 respectively.

BSE oil & gas index surged by 163.68 points to close at 12,479.56. Pushing it up are Essar oil by (22.01%), HPCL (5.55%), IOCL (3.72%), BPCL (1.79%), RPL by (1.04%) closed higher.

BSE FMCG index grew by 92.07 points to close at 2,230.69. Leading the rally are ITC (8.17%), Tata tea (4.24%), Dabur (3.66%) and Nestle (2.77%) closed higher.

BSE Metal index declined by 241.69 points to closed at 17,498.20 as Hindalco (5.52%), Welspun Gujarat (4.13%), Nalco (2.96%), Tata steel (2.02%) closed lower.

BSE Capital goods index closed lower by 262.16 points at 20,643.71 as Lakshmi machine (3.01%), L&T (2.88%), Thermax (1.41%)closed in red.

BSE Power index fell by 21.97 points to close at 4,591.97. Pulling it down are CESC ltd by (4.15%), Areva by (2.57%), NTPC (1.89%), Reliance energy by (1.53%) and BHEL (1.30%) closed lower.

BSE bankex index fell by 49.97 points to close at 11,003.05. Pulling it down are ICICI bank (2.33%), HDFC bank (0.71%), BOI (0.48%) and Union bank (0.32%) closed in negative.

BSE IT index dropped by 37.37 points to close at 4,159.12 as Infosys (1.79%), HCL tech (1.52%), Tech Mahindra (0.83%) closed in red.

Mid Session Market

The market is trading flat, as sustained buying continued in the broader market. The IT, Metal and Capital stocks are facing some selling pressure. However the buying in Oil & Gas and Consumer Durables stocks has provided some momentum to the market. The BSE Mid Cap and BSE Small have significantly outperformed the benchmark index today. This leads to the overall market breadth to remain in positive as 2014 stocks are advancing while 662 stocks are declining and 41 stocks remained unchanged on BSE.

The BSE Mid cap is also higher by 139.93 points at 8,554.02 and the BSE small Cap improved by 213.61 points to trade at 10,441.27.

At 12.40 pm, BSE Sensex was at 1197750.73 down by 34.16 points whereas Nifty was at 5,916.10 marginally up by 4 points.

BSE Oil & Gas index was trading 276.17 points higher at 12,592.05 as HPCL (8.33%), BPCL (6.34%), GAIL (3.18%), RPL (1.88%) and ONGC (0.81%) are trading higher.

BSE Power index advanced by 77.28 points to trade at 10,600.70 as Omaxe (2.37%), Parsavnath (2.36%), Phoenix Mill (1.38%) and Unitech (1.28%) are trading higher.

BSE FMCG index increased 35.79 points to trade at 2,174.41 as Bata (5.02%), ITC (4.19%), Nestle (2.40%) and Tata Tea (1.30%) are trading higher.

BSE Auto index inclined 40.16 points to trade at 5,289.42. Leading to it higher are Hero Honda (1.31%), M&M (1.11%), Maruti Suzuki (0.48%) and Bajaj Auto (0.21%).

BSE Banks index increased by 6.76 points to trade at 11,059.78. The major gainers are Oriental Bank (5.60%), Allahabad Bank (4.71%), Kotak Bank (4.11%) and Andhra Bank (3.76%).

BSE Metal index fell 20.86 points to trade at 17,719.03. The major losers are SAIL (1.13%), Tata Steel (0.93%) and NALCO (0.71%).

BSE Capital goods index dropped 50.95 points to 20.854.92. The main losers are L&T (0.99%), Crompton Greaves (0.92%), BHEL (0.54%) and BEML (0.36%).

BSE IT index down by 44.38 points to trade at 4,152.11 as Satyam (2.10%), HCL Tech.(1.33%), Infosys (1.21%), Wipro (0.88%) are trading lower.

Pre Session Market

Indian market may have a negative opening due to weak global cues. On Thursday, the Indian market closed the session on a negative note due to the selling pressure across the sectoral indices scrips. Finally the BSE Sensex closed lower by 144.17 points at 19,784.89 and Nifty fell by 25.8 points to close at 5,912.10. We expect the market may slip down further as the global cues are not in our favor. The worries over the credit losses from the US mortgage market and slowing down of US economy will add to the negative sentiments of the investors.

Thursday, the US markets closed in red. The Dow Jones Industrial Average (DJIA) fell by 120.96 points at 13,110.05. NASDAQ Composite and S&P 500 also dropped by 25.81 points and 19.43 points at 2,618.51 and 1,451.15 respectively.

Indian ADRs ended in mixed. In technology sector, Infosys fell by 2.34% along with Satyam by 1.98% and Wipro by 0.44% while Patni computers grew by 0.66%. In banking sector, HDFC bank and ICICI bank declined by (4.24%) and (4.11%) respectively. In telecommunication sector, MTNL and VSNL grew by (3.50%) and (1.72%) respectively.

The major stock markets in Asia are trading weak. Hang Seng is trading with a heavy loss of 911.31 points at 27,839.90. Japan''''s Nikkei is also trading lower by 245.62 points at 15,150.68. Taiwan weighted is trading down by 169.62 points at 8,735.79. Seoul Composite dropped by 47.04 points to trade at 1,900.70.

Today, Nifty has support at 5,781 and resistance at 5,929 and BSE Sensex has support at 19,339 and resistance at 19,866.

Post Session Market

The market closed the session on a negative note due to the selling pressure across the sectoral indices scrips. A lot of volatility is seen in todays trading session as both the Sensex and Nifty keeps on moving ups and down. The investors showed more calculated approach in booking their positions. More buying activity is seen in oil & gas and reality indices scrips while Bankex index remains out of favor. Finally, BSE Sensex closed lower by 144.17 points at 19,784.89 and NSE Nifty fell by 25.8 points to closed at 5,912.10. But the BSE Mid cap and Small cap closed higher by 128.46 points and 188.28 points at 8,414.09 and 10,227.66 respectively. Overall, the market breadth was strong as 1,808 stocks advanced whereas 988 stocks declined.

BSE Reality index surged by 207.06 points to close at 10,523.42. Pushing it up are Mahindra Ges by (9.55%), Omaxe (5.91%), Akruti city (5.45%), HDIL (3.12%) and Unitech (2.35%).

BSE oil & gas index improved by 177.01 points to close at 12,315.88 as Essar Oil (30.50%), BPCL (18.02%), HPCL (14.89%), Indian Oil (10.23%) and Cairn (4.02%) closed higher.

BSE Capital goods index closed higher by 39.02 points at 20,905.87 as Thermax limited (6.18%), Siemens (4.37%), Praj industries (3.80%), BEML (2.81%), Carbo Universal (2%) closed higher.

BSE Metal index dropped by 16.14 points to close at 17,739.89 as Jindal Steel (4.79%), Hindalco Industries (0.90%) and Sterlite Industries (0.41%) are closed in red .

BSE bankex index slipped by 172.80 points to close at 11,053.02 as HDFC Bank (2.85%), AXIX Bank (2.68%), ICICI Bank (2.29%), SBI (1.62%) and PNB (1.37%) closed lower.

BSE IT index fell by 83.83 points to close at 4,196.49. Pulling it down are Wipro (3.13%), Infosys (3.12%), Moser baer (2.96%), I-Flex (2.28%), HCL tech (1.53%), Satyam (0.44%) closed in red.

BSE Power index slipped by 56.25 points to close at 4,613.94. Pilling it down are tata power by 4.92%, reliance energy by 3.45%, NTPC 2.85%, ABB by 1.84%, BHEL by 1.76% and GVK power by 1.66%.

Mid Session Market

The market has lost further points on account of heavy selling pressure continued among the selective scrips mainly led by the Bank and Capital Goods stocks. However the Metal and Oil & gas stocks are in demand today. The BSE Mid Cap and BSE Small have outperformed the benchmark index today. This leads to the overall market breadth to remain in positive as 1771 stocks are advancing while 876 stocks are declining and 68 stocks remained unchanged on BSE.

The BSE Mid cap is also higher by 101.98 points at 8,387.61 and the BSE small Cap improved by 152.02 points to trade at 10,191.40.

At 12.40 pm, BSE Sensex was at 19,757.37 down by 171.69 points and Nifty was at 5,904.95 down by 32.95 points.

BSE Auto index inclined 25 points to trade at 5,266.96. Leading to it higher are Hero Honda (1.79%), Bajaj Auto (0.34%) and Tata Motors (0.28%).

BSE Metal index grew 139.80 points to trade at 17,895.83. The major gainers are NALCO (1.43%), Tata Steel (1.28%) and Sterlite Industries (1.09%).

BSE Oil & Gas index was trading 145.43 points higher at 12,284.30 as HPCL (14.23%), BPCL (11.88%), GAIL (1.79%) and ONGC (0.32%) are trading higher.

BSE FMCG index increased 17.30 points to trade at 2,117.52 as Colgate Palmolive (1.98%), ITC (1.72%) and Dabur (0.76%) are trading higher.

BSE Health Care index increased marginally by 0.74 points to trade at 3,912.94. Leading the gain are Fortis Health (4.93%), Biocon (3.71%), Divi''s Lab (2.50%) and Pfizer (1.84%).

BSE Banks index slipped by 231.11 points to trade at 10,994.71. The major losers are HDFC Bank (3.77%), ICICI Bank (3.28%) and SBI (0.42%).

BSE Capital goods index dropped 77.03 points to 20.789.92. The main losers are BHEL (2.26%), ABB (1.47%) and L&T (1.20%)

BSE IT index down by 93.25 points to trade at 4,187.07 as Wipro (3.38%), Infosys (3.10%), Satyam (1.86%), HCL Tech. (1.33%) and TCS (1.32%) are trading lower.

Pre Session Market

Indian market is likely to have flat opening as the Asian Market are trading lower and US market closed in red. On Wednesday, The BSE Sensex surged drastically to create an history by covering more than 900 points in a single day due o heavy buying acroos the sectoral indices scrips. Finally, BSE Sensex advanced by 893.58 points to close at 19,929.06 and NSE Nifty grew 242.5 points to close at 5,937.90. We expect that the profit booking may prevail in the market during the trading session after a strong ever rally yesterday.

Wednesday, the US markets closed in red as the Dow Jones Industrial Average (DJIA) closed lower by 83.16 points at 13,223.93. NASDAQ Composite and S&P 500 also fell by 29.33 points and 10.47 points at 2,644.32 and 1,470.58 respectively.

Indian ADRs ended in mixed. In banking sector, HDFC bank grew by (2.21%) while ICICI bank dropped by 0.68%. In technology sector, Patni computers fell by 3.56% along with Satyam by 2.48%, Wipro by 2.21% and Infosys by 1.61% respectively. In telecommunication sector, MTNL and VSNL grew by (2.02%) and (1.91%) respectively.

The major stock markets in Asia are trading lower. Hang Seng is trading lower by 153.32 points at 29,012.69. Taiwan weighted is trading down by 18.53 points at 8,924.40 and Seoul Composite fell by 5.95 points to trade at 1,966.63. Japan''s Nikkei is trading up by 52.53 points at 15,552.09.

Yesterday, FIIs stood as the net buyer. The gross equity purchased was Rs.5,186.80 (in crores), and the gross debt purchased was Rs.0.00 (in crores) as against the gross equity sold was Rs.5,064.60 (in crores) and the gross debt sold was Rs.8.50 (in crores). The net investment of equity was Rs.122.20 (in crores) and the net debt investment was -Rs.8.50 (in crores).

Today, Nifty has support at 5,802 and resistance at 5,967 and BSE Sensex has support at 19,517 and resistance at 19,994.

Post Session Market

The market today reported handsome gains with the Sensex rallied over by 950 points, which is its highest ever-single day rally. The market toady boosted on the back of strong global cues as well as due to easing down of US credit crisis after the executives from US assured the investors that the banking system could survive from the shocks of credit losses. The buying activity is seen across the board but scrips from banking, capital goods, metal reportd the highest gains. The market opened on a strong note and keeps on marching forward through out the trading session. Finally, BSE Sensex closed with a hand some gains of 893.58 at 19,929.06 and NSE Nifty surged by 242.5 points to closed at 5,937.90. Overall, the market breadth was strong as 2,024 stocks advanced whereas 764 stocks declined. The BSE mid cap and Small cap closed higher by 171.91 points and 238.09 points at 8,285.63 and 10,039.38 respectively.

BSE oil & gas index improved by 729.94 points to close at 12,138.87 as Essar Oil (36.50%), ONGC (4.39%), Indian Oil (4.18%), Cairn (4.16%) and Gail (2.24%) closed higher.

BSE Metal index grew by 709.30 points to close at 17,756.03 as NALCO (14.71%), Jindal Saw (8.20%), Hindalco Industries (6.95%) and SAIL (5.67%) are closed in green.

BSE bankex index surged by 687.77 points to close at 11,225.82 as HDFC Bank (10.81%), PNB (9.46%), ICICI Bank (8.65%), Oriental Bank (7.60%) and AXIX Bank (4.20%) closed higher.

BSE Capital goods index surged by 574.29 points to closed at 20,866.85. Pushing it up are Siemens by (6.42%), Areva by (5.83%), BEML by (5.40%), BHEL (3.49%), L&T (2.82%) and ABB by (2.56%) closed higher.

BSE IT index closed firmly at 4,280.32 as it was up by 184.59 points. Wipro 6.84%, Infosys 4.84%, Satyam 4.92%, TCS 3.57% and Patni Computer 3.12% closed in green.

BSE Reality index closed higher by 317.70 points at 10,316.36. Leading the rally are Indbul Real by (7.65%), Ansal infra by (6.48%), Omaxe (4.24%), Unitech (2.66%) and Parsvnath (2.25%).

Mid Session Market

The market has gained further grounds and is trading firm. The Capital goods, Metal, Bank and Oil & gas stocks are demand today. All the BSE indices are trading in green. The BSE Mid cap is also higher by 175.43 points at 8,289.15 and the BSE small Cap improved by 253.25 points to trade at 10,054.54.

The overall market breadth is extremely positive as 2038 stocks are advancing while 609 stocks are declining and 62 stocks remained unchanged on BSE.

At 12.30 pm, BSE Sensex was at 19,716.56 up by 681.08 points and Nifty was at 5,886.15 up by 190.75 points.

BSE Metal index grew 577.15 points to trade at 17,623.88. The major gainers are SAIL (4.42%), Tata Steel (3.72%), Sterlite Industries (3.59%) and Hindalco Industries (3.45%).

SAIL is likely to invest Rs.2000 Crores to set up new units. The steel ministry has decided to set up a total of 10 steel processing units in industrially-backward districts across the country. T

BSE Banks index improved by 422.17 points to trade at 10,960.22. The major gainers are HDFC Bank (8.58%), PNB (6.38%), ICICI Bank (4.43%) and SBI (2.83%).

BSE Oil & Gas index was trading 381.80 points higher at 11,790.73 as Essar Oil (11.81%), GAIL (4.60%), RPL (3.69%) and ONGC (3.56%) are trading higher.

BSE Power index advanced by 116.15 points to trade at 4,643.83. Leading to its gain are Areva (7.70%), GVK Power (6.91%), Tata Power (2.32%) and Tornt Power (1.86%) are trading higher.

BSE IT index up by 113.65 points to trade at 4,209.38 as Infosys (3.50%), TCS (2.64%), Wipro (2.26%) and Satyam (2.19%) are trading higher.Satyam has announced that they will launch Airline xPress Solution, the first, in a series of innovative Oracle-based xPress solutions, developed by Satyam. BSE Auto index inclined 111.69 points to trade at 5,247.94. Leading to it higher are Tata Motors (2.60%), Maruti Suzuki (2.49%), Mahindra & Mahindra (1.27%) and Hero Honda (0.60%).

Pre Session Market

Indian market may have a positive opening due to strong global cues. On Monday, the Indian market surged on the back of softening of left parties over the nuclear deal. The left parties have agreed to allow the government to negotiate with US for a civilian nuclear agreement. Finally, the BSE Sensex closed higher by 298.21 points at 19,035.48 and Nifty grew by 78.30 points to close at 5695.40. We expect the market to trade on the front foot during the trading session.

Tuesday, the US markets closed in positive territory. The Dow Jones Industrial Average (DJIA) surged by 319.54 points to close at 13,307.09 followed by NASDAQ Composite and S&P 500 by 89.52 points and 41.87 points at 2,673.65 and 1,481.05 respectively.

Indian ADRs ended in positive. In banking sector, HDFC bank and ICICI bank gained by (13.26%) and (12.37%) respectively. In technology sector, Infosys grew by 7.17% along with Satyam by 5.22%, Wipro by 4.39% and Patni computers by 3.35%. In telecommunication sector, MTNL and VSNL inched up by (13.65%) and (11.14%) respectively.

The major stock markets in Asia are trading strong. Hang Seng is trading firm at 28,751.71 up by 948.36 points. Japan''s Nikkei is also trading higher by 278.82 points at 15,405.45. Taiwan weighted is trading up by 244.29 points at 8,971.50. Seoul Composite advanced by 28.67 points to trade at 1,961.56.

On Tuesday, the gross equity purchased by FIIs was Rs4,550 (in crores), and the gross debt purchased was Rs.0.00 (in crores) as against the gross equity sold was Rs.5,370 (in crores) and the gross debt sold was Rs.26.20 (in crores). The net investment of equity was -Rs.820 (in crores) and the net debt investment was -Rs26.20 (in crores).

Today, Nifty has support at 5,670 and resistance at 5,819 and BSE Sensex has support at 18,956 and resistance at 19,398.

Post session Market

The market made a smart recovery after the mid session due to the softening of left parties over the nuclear deal. The left parties have agreed to allow the government for negotiation with US over the nuclear agreement. This act as trigger, which set the directions for the market. At the initial stage, volatility was high but later on managed to bag huge gains on the back of heavy buying across the sectoral indices scrips. The capital goods, Bankex, Metal and Power index reported heavy buying. Finally the BSE Sensex closed higher by 298.21 points at 19,035.48 and NSE Nifty inched up by 78.3 points to close at 5,695.40. The overall the market breadth was strong as 1,859 stocks closed in green while 898 stocks closed in red. The BSE Mid Cap and Small Cap closed higher by 168.56 points and 181.65 points at 8,113.72 and 9,801.29 respectively.

The Reality index inclined by 199.60 points to close at 9,998.66. Pulling it up are Anant Raj (6.48%), Ansal Infrastructure (4.76%), DLF (3.90%), Ansal infra (4.76%) and Parsavnath (2.41%) closed in green.

The IT index fell by 39.41 points to close at 4,095.73 as Wipro (3.59%), Patni Computer (2.65%), Mphasis (2.44%), TCS (1.53%) and Infosys (0.88%) closed lower.

BSE Metal index inclined by 280.67 points to close at 17,046.73 Pulling it up are Welspan (11.45%), Jindal Steel (3.86%), SAIL (2.23%), Tata Steel (2.18%), JSW Steel (2.09%) and Sterlite Industries (1.76%) closed in red.

BSE bankex index surged by 351.73 points to close at 10,538.05. From the gainers pack are HDFC Bank (6.98%), Axix Bank (6.15%), Bank Of India (5.05%), Andhra Bank (4.25%) and Kotak Bank (4.21%) closed higher.

The oil and gas index closed up by 39.69 points at 11,408.93. Pushing it higher are BPCL (2.54%), Essar Oil (1.03%), Reliance industries (0.71%) and ONGC (0.32%) closed in green.

The Auto index inched up by 26.30 points to close at 5,136.25 as Punjab tractors (5.23%), Bharat forge (4.02%), Tata Motors (1.14%) and TVS (1.55%) closed higher.

Mid Session Market

The market is little volatile and is swinging in between the positive and negative territory. The heavy buying is seen in the capital Goods, bank and Metal stocks. However the IT and FMCG stocks are still felling the selling pressure. The BSE Mid Cap and Small Cap have outperformed the benchmark index. The Mid cap is higher by 135.54 points at 8,080.70 and the small Cap improved by 180.86 points to trade at 9,800.50.

The overall market breadth is positive. Only 1795 stocks are advancing while 762 stocks are declining and 59 stocks remained unchanged on BSE.

At 12.30 pm, BSE Sensex was at 18,870.90 up by 133.63 points and Nifty was at 5,651.25 up by 34.15 points.

BSE Capital goods index surged 201.67 points to 19.826.27. The main gainers are Lakshmi Machines (5.08%), L&T (2.18%), ABB (1.03%) and Praj Industries (1.06%).

BSE Metal index grew 78.34 points to trade at 16.844.40. The major gainers are Jindal Steel (5.34%), JSW Steel (2.99%) and Jindal Saw (2.95%).

BSE Banks index improved by 65.89 points to trade at 10,252.21. The major gainers are Union Bank (4.66%), Allahabad Bank (4.23%), Andhra Bank (3.62%) and Axix Bank (3.54%).

BSE Power index advanced by 41.03 points to trade at 4,435.18. Leading to its gain are Suzlon Energy (2.61%), Tata Power (2.52%), Power Grid (2.42%) and NTPC (2.29%) are trading higher.Tata Power is in the race for setting up the 4,000 MW Tilaiya ultra mega power project in Jharkhand. This project would mooted an estimated investment of more than Rs16,000 Crore.

BSE Oil & Gas index was trading 6.03 points higher at 11,375.27 as Essar Oil (0.74%), Reliance (0.53%), Indian Oil (0.57%) and BPCL (0.17%) are trading higher.

BSE IT index down by 44.70 points to trade at 4,090.44 as Wipro (2.41%), TCS (1.45%), Infosys (0.79%) and Satyam (0.73%) are trading lower.

BSE FMCG index decreased 15.85 points to trade at 2,041.16 as ITC (1.77%), HUL (0.78%) and Dabur (0.52%) are trading lower.

Pre Session Market

Indian market may have a flat opening due to mixed global cues. On Monday, the Indian market tumbles and lost directions backed by weak global cues, which led it to closed in a negative region. Finally, the BSE Sensex closed lower by 170.33 points at 18,737.27 and Nifty fell by 46.15 points to close at 5617.10. We expect the market may bag some gain but will remain range bound during the trading session.

Monday, the US markets closed in negative territory. The Dow Jones Industrial Average (DJIA) closed lower by 55.19 points at 12,987.55 followed by NASDAQ Composite and S&P 500 fell by 43.81 points and 14.52 points at 2,584.13 and 1,439.18 respectively.

Indian ADRs ended in negative. In banking sector, HDFC bank and ICICI bank dropped by (8.03%) and (4.55%) respectively. In technology sector, Infosys fell by 4.67% along with Patni computers by 3.18%, Satyam by 2.06% and Wipro by 0.15%. In telecommunication sector, MTNL and VSNL declined by (4.76%) and (1.78%) respectively.

The major stock markets in Asia are trading with a mixed bag. Hang Seng is trading higher by 140.50 points at 27,806.23 while Japan''''s Nikkei is trading lower by 26.53 points at 15,170.56. Taiwan weighted is trading up by 62.89 points at 8,733.50. Seoul Composite advanced by 3.20 points to trade at 1,926.62.

On Monday, the FIIs stood as the net seller as the gross equity purchased by them was Rs4,366.10. (in crores), and the gross debt purchased was Rs.0.00 (in crores) as against the gross equity sold was Rs.4,653 (in crores) and the gross debt sold was Rs.0.00 (in crores). The net investment of equity was -Rs.286.90 (in crores) and the net debt investment was Rs.0.00 (in crores).

Today, Nifty has support at 5,563 and resistance at 5,698 and BSE Sensex has support at 18,519 and resistance at 19,079.

Post Session Market

The market ended the session on a negative note but it manages to pair most of its initial losses as the investors showed some buying interest. After a volatile trade, the BSE Sensex finally closed at 18,737.27 with a loss of 170.33 points and Nifty fell 46.15 points to close at 5,617.10. Almost all the sectoral indices closed in red but FMCG, PSU and Power indices manages to close in green. The market lost direction at the initial stage on the back of weak global cues. Also the domestic cues was not good as the India''s Industrial output for the month of September 2007 grew by only 6.4% from the last year which was much lower than 10.7% growth in August 2007. The Sensex touched an intraday low of 18,333.21 and high of 18,815.11. The overall the market breadth was weak as 1699 stocks closed in red while 1015 stocks closed in green. The BSE Mid Cap and Small Cap closed lower by 68.47 points and 137.24 points at 7,945.16 and 9,619.64 respectively.

The oil and gas index dropped by 265.14 points to close at 11,369.24. Pushing it down are ONGC (4.78%), GAIL (3.50%), HPCL (3.18%), RPL (2.48%) and IOCL (1.50%) closed lower.

The Reality index declined by 310.93 points to close at 9,799.06. Pulling it down are Indbul Real (7.30%), Purvankara (5.33%), Ananat Raj (4.99%), DLF (4.67%) and Sobha Dev (2.75%) closed in red.

The IT index fell by 118.11 points to close at 4,135.14 as Patni comp (4.39%), Infosys (3.60%), Satyam (3.24%), HCL (1.96%) and Wipro (0.55%) closed lower.

BSE Metal index declined by 98.16 points to close at 16,766.06 Pulling it down are JSW Steel (3.73%), Jindal Saw (3.36%), Sterlite Industries (3.09%) and Tata Steel (2.26%) closed in red.

The FMCG index remained in the limelight as it grew by 50.19 point to close at 2,057.01 as ITC (5.30%), HUL (2.85%) and Dabur (0.38%) closed in green.

Mid Session Market

The market is still trading weak on account of heavy selling continued across the board with an exception of FMCG index, which is trading marginally higher. Mainly the heavy selling witnessed in the Metal, Capital Goods and Realty stocks. The BSE Mid Cap and Small Cap are also trading in the deep red territory that led to the overall market breadth turns negative. Only 684 stocks are advancing while 1810 stocks are declining and 46 stocks remained unchanged on BSE.

At 12.30 pm, BSE Sensex was at 18,483.24 down by 424.36 points and Nifty was at 5,523.35 down by 139.90 points. The Mid cap is lower by 125.65 points at 7,887.98 and the small Cap dropped by 155.13 points to trade at 9,601.75.

BSE Metal index dropped 514.03 points to trade at 16,350.19. The major losers are Sterlite Industries (5.47%), Tata Steel (4.20%) and SAIL (3.35%).

BSE Capital goods index slipped 554.64 points to 19.100.65. The main losers are BHEL (4.78%), ABB (3.23%), Siemens (2.90%) and L&T (2.66%).

BSE Banks index slipped by 311.30 points to trade at 9,901.12. The major losers are HDFC Bank (3.84%), ICICI Bank (3.76%), SBI (1.80%) and PNB (1.51%).

BSE Oil & Gas index was trading 354.72 points lower at 11,279.66 as ONGC (4.93%), GAIL (3.89%), RPL (3.14%) and HPCL (3%) are trading lower.

BSE Health Care index decreased by 51.66 points to trade at 3,805. Leading the loss are Ranbaxy (1.85%), Cipla (0.56%), Dr. Reddy (0.50%) and GSK (0.39%).BSE IT index down by 106.63 points to trade at 4,146.62 as Infosys (3.76%), Satyam (2.81%), Wipro (2.61%) and HCL Technologies (1.66%) are trading lower.

Satyam is planning to open a software development centre in Madurai. The company has also planned to set up at least eight Special Economic Zones (SEZs) for IT and ITeS companies in the near future across the State.

BSE Auto index declined 123.94 points to trade at 5,083.27. Leading to it lower are Mahindra & Mahindra (3.36%), Bajaj Auto (2.63%), Tata Motors (1.87%) and Maruti Suzuki (1.41%).

Pre Session Market

Indian market is likely to have negative opening as the US market closed in red as well as the Asian markets is trading lower. On Friday i.e. on the auspicious day of Diwali does not prove to be good for the investors as the market tumbles as the BSE Sensex fell by 151.33 points to close at 18,907.60 and Nifty dropped by 35.5 points to close at 5663.25. We expect the market to consolidate its gains further a during the trading session.

On Friday, the US markets closed in red. The Dow Jones Industrial Average (DJIA) dropped by 223.55 points to close at 13,042.74 along with NASDAQ Composite and S&P 500 closed lower by 68.06 points and 21.07 points at 2,627.94 and 1,453.70 respectively.

Indian ADRs ended in negative. In banking sector, ICICI bank and HDFC bank fell by (7.11%) and (5.48%) respectively. In technology sector, Patni computers dropped by along with Wipro by 2.67%, Satyam by 1.95% and Infosys by 0.87%. In telecommunication sector, VSNL and MTNL slipped by (4.08%) and (2.26%) respectively.

The major stock markets in Asia are trading weak. Japan''''s Nikkei is trading down by 374.64 points at 15,208.78. Hang Seng fell by 881.85 points to trade at 27,901.56. Taiwan weighted is trading lower by 260.80 points at 8,710.12. Seoul Composite slipped by 60.54 points to trade at 1,929.93.

On Thursday, the FIIs stood as the net buyer as the gross equity purchased by them was Rs4,156.90. (in crores), and the gross debt purchased was Rs.146.70 (in crores) as against the gross equity sold was Rs.4,119.20 (in crores) and the gross debt sold was Rs.121.60 (in crores). The net investment of equity was Rs.37.70 (in crores) and the net debt investment was Rs.25.10 (in crores).

Today, Nifty has support at 5,552 and resistance at 5,698 and BSE Sensex has support at 18,511 and resistance at 18,992.

Post Session Market

The market closed the session on a negative note as the investors are in a mood to book profits. A lot of volatility is seen in today''s trading session. The BSE Sensex closed lower by 110.84 points at 19,289.83 while fell dropped by 4.15 points to close at 5782.35. Overall, the market breadth was weak as 1674 stocks are closed in red while 1028 stocks are closed in green. The BSE Mid Cap and Small Cap closed lower by 29.34 points and 107.90 points at 7,985.96 and 9,695.13 respectively.

The oil and gas index grew by 298.97 points to close at 11,688.18. Scrips that jumped are GAIL India (6.51%), HPCL (5.25%), Reliance industries (4.04%), IOCL (3.30%) and BPCL (1.80%) closed higher.

BSE Metal index grew by 161.66 points to close at 17,367.72 Pushing it up are Sterlite (6.58%), Jindal Saw (5.15%), Seasa Goa (4.96%) and Nalco (4.73%) closed in green.

The capital goods index grew by 41.07 points to close at 19,738.36. Leading the gainers pack are BHEL (3.55%), ABB (1.53%), Punj Lloyd (1.01%), BEML (0.29%) and Praj industries (0.16%) closed higher.

BSE bankex index dropped by 166.29 points to close at 10,620.22. Pulling it down are HDFC bank (5.16%), Canara bank (3.36%), ICICI bank (2.98%), Yes bank (1.35%) and AXIS bank (0.55%) closed lower.

The IT index fell by 197.27 points to close at 4,343.42. Pulling it down are Rolta India (7.75%), Infosys (5.78%), Tech Mahindra (4.93%), Satyam (4.03%) and HCL (3.43%) closed in positive.

Mid Market Session

The market is still trading weak on account of heavy selling continued among the selective scrips mainly led by IT, Bank and Realty stocks. However the strong buying is seen in the Metal, Capital Goods and Oil & Gas stocks. The BSE Mid Cap and Small Cap are also trading in the deep red territory that led to the overall market breadth turns negative. Only 921 stocks are advancing while 1582 stocks are declining and 79 stocks remained unchanged on BSE.

At 12.30 pm, BSE Sensex was at 19,369.44 down by 31.23 points and Nifty was at 5,783.80 down by 2.70 points. The Mid cap is lower by 29.44 points at 7,985.86 and the small Cap dropped by 102.67 points to trade at 9,700.36.

BSE Metal index surged 169.28 points to trade at 17,375.34. The major gainers are Sterlite Industries (6.19%), Sesa Goa (5.40%), JSW Steel (2.48%) and Tata Steel (0.59%).

BSE Oil & Gas index was trading 169.02 points higher at 11,558.23 as GAIL (5.81%), Reliance (2.73%), BPCL (0.67%) and HPCL (0.45%) are trading higher.

GAIL is seeking stake in an LNG plant in Nigeria and has expressed interest in setting up a gas-based petrochemical plant in the West African nation.

ONGC has decided to pick up sizeable stakes in two more blocks in Sudan from foreign oil majors. This will extend ONGC''s stakes to five operating blocks in Sudan.

BSE Capital goods index improved 196.06 points to 19.893.35. The main gainers are BHEL (4.29%), Punj LLyod (3.65%), L&T (2.16%) and Siemens (0.60%).

BSE Banks index slipped by 73.03 points to trade at 10,713.48. The major losers are HDFC Bank (2.87%), ICICI Bank (1.13%) and PNB (0.55%).

BSE IT index down by 195.02 points to trade at 4,345.67 as Infosys (5.18%), Satyam (3.76%), HCL Tech. (3.59%) and Wipro (3.49%) are trading lower.

BSE Health Care index decreased by 11.93 points to trade at 3,866.80. Leading the loss are Dr. Reddy (1.95%), Fortis Health (1.20%) and Aurobindo Pharma (1.68%).

Pre Market Session

Indian market is likely to have positive opening due to positive global cues. On Tuesday, the BSE Sensex closed lower by 190.11 points at 19,400.67 and Nifty fell 60.8 points to close at 5,786.50. We expect the market trade higher during the trading session.

Tuesday, the US markets closed in green. The Dow Jones Industrial Average (DJIA) grew by 117.54 points to close at 13,660.94 along with NASDAQ Composite and S&P 500 closed higher by 30 points and 18.10 points at 2,825.18 and 1,520.27 respectively.

Indian ADRs ended in mixed. In banking sector, HDFC bank & ICICIC bank grew by (3.30%) and (2.22%) respectively. In technology sector, Infosys fell by (6.90%) along with Wipro by (6.29%), Satyam by (3.80%) and Patni computers by (1.28%). In telecommunication sector, VSNL advanced by (2.14%) while MTNL slipped by (0.47%).

The major stock markets in Asia are trading strong. Japan''''s Nikkei is trading up by 69.17 points at 16,318.80. Hang Seng is trading higher by 370.54 points at 29,808.67. Taiwan weighted advanced by 92.78 points to trade at 9,385.58. Seoul Composite is trading higher by 19.24 points at 2,073.48.

Yesterday, FIIs stood as the net seller as the gross equity purchased by them was Rs.4,550.20 (in crores), and the gross debt purchased was Rs.0.00 (in crores) as against the gross equity sold was Rs.5,207.10 (in crores) and the gross debt sold was Rs.0.00 (in crores). The net investment of equity was -Rs.656.90 (in crores) and the net debt investment was Rs.0.00 (in crores).

Today, Nifty has support at 5,761 and resistance at 5,908 and BSE Sensex has support at 19,283 and resistance at 19,792.

Post Session Market

The market closed the session on a negative note as BSE Sensex closed lower by 190.11 points at 19,400.67. A lot of volatility is seen in today''s trading session as the Sensex touched an intrady high of 19,919.34 and low of 19,337.85. Overall, the market breadth was weak as 1606 stocks are closed in red while 1108 stocks are closed in green. The market breadth becomes weak towards the end of the session as the sellinf of scrips across the sectoral indices intensified. Except PSU and Reality index, all the sectoral indices closed in red. The BSE Mid Cap and Small Cap closed lower by 60.51 points and 43.99 points at 8,015.30 and 9,803.03 respectively.

The capital goods index declined by 354.99 points to close at 19,697.29. Leading the losers pack are Siemens (4.64%), Alstom (3.96%), L&T (3.77%), Praj industries (2.20%) closed lower.

BSE bankex index fell by 221.44 points to close at 10,786.51 as BOB (6.12%), BOI (3.84%), Axis bank (3.52%), ICICI bank (2.36%), PNB (1.87%) and SBI (1.41%) closed lower.

BSE Metal index dropped by 195.63 points to close at 17,206.06 as Jindal Steel (5.17%), Sesa Goa (3.76%), Jindal Saw (3.13%), Tata Steel (2.20%), Hind Zinc (2.33%), SAIL (1.25%) closed in negative.

The oil and gas index slipped by 116.33 points to close at 11,389.21. Pushing it down are RPL (17.64%), CAIRN India (1.58%), Reliance industries (0.31%), BPCL (0.30%) and HPCL (0.16%) closed in red.

The IT index dropped by 26.44 points to close at 4,540.69. Pushing it lower are Tech mahindra (3.33%), Iflex (2.65%), Satyam (2.34%), TCS (0.65%) and Infosys (0.30%) closed in negative.

Mid Market Commentary

The market is little firm with good amount of gain backed by heavy buying is seen across the board mainly led by the Metal, Capital Goods and Oil & Gas stocks. The Metal index is the top performer till afternoon trade as most buying is seen in these stock. The Metal index has touched an intraday high of 17,949.96.

The overall market breadth is positive as 1665 stocks are advancing while 890 stocks are declining and 83 stocks remained unchanged on BSE.

At 12.30 pm, BSE Sensex was at 19,685.10 up by 94.32 points and Nifty was at 5,870.35 up by 23.05 points. The Mid cap is higher by 74.66 points at 8,150.47 and the small Cap advanced by 108.24points to trade at 9,955.26.

BSE Banks index advanced by 116.64 points to trade at 11,124.59. The major gainers are PNB (1.62%), HDFC Bank (1.17%), ICICI Bank (0.63%) and SBI (0.58%).

BSE Metal index surged 546.71 points to trade at 17,948.40. The major gainers are Hindalco Industries (6.52%), Sterlite Industries (5.25%), NALCO (3.30%) and SAIL (1.95%).

BSE Oil & Gas index was trading 280.54 points higher at 11,786.08 as GAIL (2.99%), ONGC (1.62%), HPCL (1.22%) and BPCL (0.58%) are trading lower.

ONGC is planning to invest approximately Rs 10,000 Crore in its ageing Mumbai High oil and gas fields to increase output to 300,000 barrels per day by the end of 2008.

BSE Capital goods index improved 379.08 points to 20.431.36. The main gainers are BHEL (2.15%), ABB (2.04%), L&T (1.63%) and Suzlon Energy (1.19%).

L&T has formed a joint venture with Japan''s Mitsubishi Heavy Industries to make steam turbines and generators for the power sector. The joint venture includes a capital outlay of about Rs 880 Crores. It will cater to power plants with a capacity of 500MW to 1,000MW.

BSE IT index up by 20.83 points to trade at 4,587.96 as Infosys (0.86%), HCL Tech. (0.65%), and Wipro (0.21%) are trading higher.

Pre Session Market

Indian market is likely to have flat opening as the Asian Market are trading mixed. On Monday, the BSE Sensex closed lower by 385.45 points at 19,590.78 and Nifty fell 85.1 points to close at 5,847.30. We expect the market remain range bound during the trading session.

Monday, the US markets closed lower as the Dow Jones Industrial Average (DJIA) dropped by 51.70 points to close at 13,543.40along with NASDAQ Composite and S&P 500 closed lower by 15.20 points and 7.48 points at 2,795.18 and 1,502.17 respectively.

Indian ADRs ended in negative territory. In banking sector, ICICI bank & HDFC bank dropped by (3.86%) and (3.50%) respectively. In technology sector, Satyam fell by (4.43%) along with Infosys by (3.56%) and Wipro by (1.71%). In telecommunication sector, MTNL and VSNL slipped by (2.97%) and (2.24%).

The major stock markets in Asia are trading mixed. Japan''s Nikkei is trading higher by 85.01 points at 16,353.93. Hang Seng is trading down by 358.24 points at 28,584.08. Taiwan weighted is up by 15.27 points at 9,323.87 and Seoul Composite is trading higher by 14.16 points at 2,029.92.

Yesterday, FIIs performed mixed activity as the gross equity purchased was Rs.3,322.70 (in crores), and the gross debt purchased was Rs.175.40 (in crores) as against the gross equity sold was Rs.4,084.10 (in crores) and the gross debt sold was Rs.119.50 (in crores). The net investment of equity was -Rs.761.40 (in crores) and the net debt investment was Rs.55.90 (in crores).

Today, Nifty has support at 5,752 and resistance at 5,937 and BSE Sensex has support at 19,305 and resistance at 19,910.

End Market Session

After struggling for the whole day to come to the green territory, the bulls have finally made the market to end on a cheerful note. It seems to be terrific U turn for the market as it ended with heavy gain after opening with a deep gap. It recovered the losses and also made good gains before ending the trading session. The benchmark index Sensex hit the 20,000 level again but ended marginally below that mark. Further, NSE Nifty, which had slipped below 5700 levels climbed back in the last hour of trading and ended above 5900 level. This sudden recovery of the market is also attributed to the short covering done by the traders. All the indices made a smart recovery & finally ended in green. Atlast, the benchmark index Sensex ended up with the gain of 251.88 points at 19,976.23, whereas Nifty also closed with a gain of 65.95 points to close at 5,932.40. Further, BSE Midcap and BSE Smallcap also closed higher by 55.26 points and 95.82 points at 8,021.80 & 9,742.43 respectively. The market breadth stood flat with 1399 stocks on the advancing side and 1340 stocks on the decline side & 63 unchanged.

BSE Bankex stood as the top gainer for the day with the smart gain 389.84 points to close at 11,241.53. Scrips gained are State Bank of India (8.74%), Bank of Baroda (6.54%), Union Bank (5.92%), HDFC Bank (4.97%) & Allahabad Bank (3.59%).

BSE Capital goods stood in the second position with the gain of 245.22 points at 20,386.41. Pushed it up are Punj Lloyd up by (6.30%), Areva (5.97%), Kir Oil Engineering (5.54%), Lakshmi Machinery Works (3.37%) and Siemens (3.04%).

BSE Oil & Gas also shared the gaining rally with 196.59 points to close at 11,736.43. Scrips gained mainly are Essar Oil by (5.04%), RPL (2.88%), ONGC (2.70%), IOC (2.61%) and Cairn India Ltd (2.12%).

BSE Metal also gained 111.12 points to close at 17,693.66. Scrips surged are, Jindal Steel up by (4.59%), Jindal Stainless (1.56%), Tata Steel (0.98%) & Bhusan Steel (0.94%).

Mid Market Session

The market is slipping in the red territory amidst concerns of global meltdown. The morning session witnessed selling pressure, as investors were concerned over the fall of US market. This has not only reduced the buying sentiment but also slowed the momentum that one could see a couple of days back. The cautiousness could be very well seen in the market as the benchmark index is trapped in the red territory. The Mid cap is lower by 34.61 points at 7,931.93 and small cap is flat with a marginal gain of 4.01 points to 9,650.62.

The overall market breadth looks negative as 1041 stocks are advancing while 1530 stocks are declining on BSE.

At 12.36 pm, BSE Sensex is low by 246.09 points at 19,478.26, while Nifty has lost 77.25 points at 5789.20.

BSE FMCG is gaining by 21.65 points at 2,059.85. Marico ltd, ITC and Colgate are gaining 4.03% at Rs. 72.30, 2.24% at Rs. 175.70 and 2.67% at Rs. 384 respectively. Marico ltd has recently acquired the consumer division of South Africa''s Enaleni Pharmaceuticals ltd for Rs. 52cr. The company is planning to enter the hair care market in South Africa.

BSE CG is paring 249.58 points at 19,891.61. The investors have started booking profit amidst the falling market. L&T, Siemens, and BHEL are down by 1.84% at Rs. 4,345, 2.54% at Rs. 1,801.1 and 1.48% at Rs. 2,622 respectively.

BSE Metal index is low by 193.72 points at 17,388.82. Jindal Steel has been gaining 2.27% at Rs. 12,380. Whereas Sesa Goa, Sterlite and Tata steel are low by 2.17%, 1.80% and 0.41% at Rs. 3,550, Rs. 1,008.90 and Rs. 881.50 respectively.

BSE Bankex is moving low by 75.12 points at 10,776.57. ICICI bank is low by 2.30% at Rs. 1,269 whereas HDFC and SBI are high by 0.33% at Rs. 1,681 and 1.95% at Rs. 2,111.15 respectively.

BSE Oil & Gas is moving low by 124.69 points at 11,415.15. GAIL and BPCL are low by 4.74% and 2.04% at Rs. 387.70 and Rs. 336 respectively.