Tuesday, December 11, 2007

Post Session Market

The market surged today to hit new landmarks by creating a rally over the sectoral indices scrips on the back of heavy buying across the counters. The market opened on a strong supported by favoring global cues and keeps on marching forward through out the trading session. The investors showed more interest in buying rather than selling. The domestic market surged taking firm global cues ahead of the US Federal Reserve meeting to be held on Tuesday evening. Most buying is seen from Realty, Metal, Bankex and Oil & Gas baskets. The BSE Sensex closed with hand some gains of 360.21 points at 20,290.89 and NSE Nifty grew by 136.65 points to closed at 6,097.25. Both the BSE Mid cap and Small cap closed higher by 69.54 points and 136.92 points at 9,186.98 and 11,667.84 respectively. Overall, the market breadth was strong as 1,981 stocks are closed higher while 894 stocks are closed lower.

BSE Realty index surged 359.44 points to close at 12,182.32. Scrips that pushed it up Ansal Infra (17.51%), Unitech (8.48%), Omaxe (6.95%), HDIL (5.68%), Purvankara (5.01%).

BSE Metal index inched up by 352.75 points to close at 19,054.59. Scrips that advanced are Welspun Guj (8.31%), Nalco (5.75%), Maharas Sea (4.28%), Jindal Steel (3.75%) and SAIL (2.12%).

BSE Bankex index closed higher by 292.16 points to close at 11,778.71. Scrips that gained are IOB (4.93%), HDFC bank (4.81%), Canara bank (3.94%), ICICI bank (3.32%) and Union bank (3.37%).

BSE Oil & Gas index advanced by 225.44 points to closed at 12,965.44. Pulled up by HPCL (6.25%), GAIL (3.70%), ONGC (3.68%), BPCL (3.11%), IOCL (1.99%) and Reliance industries (1.99%).

BSE Capital goods closed up by 168.83 points at 20,299.75. Scrips that grew are Suzlon energy (2.74%), Punj Lloyd (2.47%), SKF India (1.12%), ABB (0.73%) and Siemens (0.63%).

BSE Auto index grew by 84.04 points to close at 5,761.43. Scrips that Jumped are Maruti Suzuki (3.17%), Bajaj auto (3%), Exide industries (2.27%), Hero Honda (2.05%) and MRF (1.99%).

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