Wednesday, December 5, 2007

Post Session Market

The market closed on a firm note backed by selective buying across the sectoral heavyweight scrips. The market opened on a strong note but all of a sudden lost the momentum to pare some of its initial gains as the profit booking prevails. But the market manages to gain some grounds toward the end of the session as buying intensified. The BSE Small cap outperformed the benchmark indices by creating a rally for the past few days. Most buying is seen from the Bankex, Oil & Gas, Capital Goods and realty baskets. The BSE Sensex closed up by 208.57points at 19,738.07 and NSE Nifty closed higher by 81.65 points at 5,940. Overall, the market breadth was strong as 2,164 stocks are closed higher while 687 are closed lower. The BSE Mid cap and Small Cap surged 148.29 points and 315.45 points to close at 9,052.83 and 11,271.96 respectively.

BSE Bankex index grew by 223.51 points to close at 11,020.60 as Union bank 5.32%, Canara bank 5.21%, IOB 4.29%, SBI 2.85%, ICICI bank 1.86% and HDFC bank 1.61% closed higher

BSE Capital goods surged by 227.33 points to close at 20,403.26. Pushed up by Havell India (6.44%), Alstom Projects (4.69%), AIA Engineering (4.44%), L&T (1.90%) and SKF India (1.74%).

BSE Oil & Gas index closed up by 288.89 points at 12,939.99. Scrips that gained are GAIL India (9.56%), HPCL (6.54%), ONGC (4.29%), RNRL (3.75%) and RPL (2.01%).

BSE Metal Surged closed higher by 174.94 points to close at 19, 044.22. Scrips that gained are Ispat industries (24.75%), Jindal Saw (5.61%), Welspun Gujarat (5.19%), JSW steel (4.19%), Hindalco (2.81%) and Nalco (2.39%).

BSE Realty index advanced by 208.51 points to close at .10,953.80. Scrips that jumped are Indiabull real (10.05%), Ansal infra (2.92%), Parsvnath (2.01%), Unitech (1.39%), Purvankara (1.59%) and Anant Raj (1%).

BSE IT index fell marginally by 15.57 points to close at 4,232.03 as Karut Net (9.98%), GTL limited (1.72%), NIIT Tech (1.44%), Aptech Limited (0.96%) and Wipro (0.45%).

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