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%.
Thursday, November 15, 2007
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