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.
Tuesday, November 20, 2007
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