Post Session Market

The Indian Market closed in the negative territory for the fourth straight trading session. The market opened on a firm note backed by tracking the interest rate cut of 50 basis point by the US Federal Reserve but all of a sudden lost the momentum to pare all its initial gains. The after the volatility gripped the market and the market manages to recover from the fall towards the mid of he session but lost the grip towards the end of the session to close in red. The Mid Cap and Small Cap also fell as selling was also seen from these baskets. The BSE Sensex closed lower by 109.93 points at 17,648.71 while NSE Nifty fell by 30.15 points to close at 5,137.45. The BSE Mid Cap and Small Cap indices also closed lower by 62.44 points and 22.44 points at 7,766.62 and 10,124.42 respectively.

BSE Metal index dropped by 93.41 points to close at 15,312.92. Scrips that fell are Bhushan Steel (13.68%), Hindalco Inds (5.88%), Sh. Precoated (4.82%), JSW Steel (4.02%).

BSE Oil & Gas index grew by 20.64 points to close at 10,705.20. Gainers are IOCL (5.49%), HPCL (2.53%), ONGC (2.05%), BPCL (0.86%) and.

BSE Auto index closed up by 20.02 points at 4,832.48 as Exide Inds (8.47%), Bajaj Auto (3.83%), Cummins India (1.70%), Tata Motors (1.44%), Maruti Suzuki (0.72%).

BSE Capital Goods index closed lower by 238.21 points at 16,387.70. Losers are Elecon Eng (6.69%), Thermax Ltd (4.90%), Crompton Greaves (3.98%), Bharat Elec (3.35%) and Siemens (2.83%).

BSE Bankex index fell by 185.95 points to close at 10,713.91. Scrips that fell are PNB (4.61%), Oriental Bank (4.60%), Allahabad Bank (4.35%), Union Bank (3.36%), BOI (3.42%), ICICI Bank (3.31%).

BSE Realty index slipped by 277.13 points to close at 9,871.06. Scrips that lost are Purvankara (9.68%), DLF (5.76%), Omaxe (3.75%), Sobha Developers (3.24%), Unitech (1.89%).

BSE Power index dropped by 81.40 points to close at 3,741.27 as Power Grid (6.05%), Suzlon Energy (3.66%), Torent Power (3.55%), Tata Power (2.86%), NTPC (1.88%), GMR Infra (1.33%).

Mid Session Market

The market made a sharp turn around from the day''s low and is trading higher now on the backo strong buying is seen in the selective scrips mainly led by the Oil & Gas, Bank and Auto stocks. The broader market also recovered from the day''s low as significant buying witnessed in the Mid Cap and Small Cap stocks. The overall market breadth remains negative, as 1,052 stocks are advancing while 1,524 stocks are declining on BSE.

The BSE Mid cap is higher by 24.89 points at 7,853.95 and the BSE small Cap advanced by 25.71 points to trade at 10,172.57.

At 12.32 pm, BSE Sensex was at 17,980.58 up by 221.94 points and Nifty was at 5,242.70 up by 75.10 points.

BSE Metal index slipped 32.07 points to trade at 15,374.26. The major losers are Hindalco Industries (4.55%), Tata Steel (1.11%), Sterlite Industries (0.65%) and SAIL (0.45%).

BSE Capital goods index dropped by 127.40 points to 16,498.51. The main losers are ABB (3.27%), Praj Industries (1.12%), BHEL (1.26%) and L&T (0.72%).

BSE Banks index inclined by 29.97 points to trade at 10,929.83. The top gainers are Kotak Bank (2.79%), HDFC Bank (1.51%), Union Bank (1.39%) and Canara Bank (0.93%) are trading higher.

BSE Auto index increased by 56.19 points to trade at 4,868.65. Leading to its gain are Bajaj Auto (3.62%), Tata Motors (2.56%), TVS Motor (1.33%), Ashok Leyland (0.56%) and Mahindra & Mahindra (0.43%).

BSE IT index inclined by 40.31 points to trade at 3,748.63 as I-flex (2.47%), Infosys Tech. (2.43%), TCS (0.79%) and Financial Technologies (0.74%) are trading in green.

BSE Oil & Gas index was trading 293.94 points higher at 10,978.50 as Indian Oil (6.68%), RPL (4.90%), HPCL (4.57%), ONGC (3.05%) and Essar Oil (1.52%) are trading in green.BPCL is considering a proposal to acquire the assets of the beleaguered SPIC petrochemicals.

BSE Power index fell by 19.20 points to trade at 3,803.47 as GVK Power (3.16%), Power Grid (2.73%), Tata Power (2.12%) and Suzlon Energy (1.22%) are trading in red.

Pre Session Market

The Indian Market is likely to have a positive opening as Asian Market is trading mixed. On Tuesday, The Indian Market closed with heavy losses for the third straight trading session. Though the market opened higher backed by favoring cues from the global market but was unable to sustain all its gains at higher levels and fell soon after the start of the session. . The investors took calculated steps in booking their further positions, due to Federal Open Market Committee announcement of its interest rates as well as due to expiry of January derivatives contracts today.The BSE Sensex closed lower by 333.20 points at 17,758.64 while NSE Nifty fell by 113.2 points to close at 5,167.60. We expect that the market may remain choppy during the trading session.

The Federal Reserve has cut both the federal funds rate and the discount rate by a half-percentage point. The fed funds rate now stands at 3% and the discount rate is now down to 3.5%. The Fed indicated in its statement that it would cut rates further if necessary.

On Wednesday, the US market closed in negative territory. The Dow Jones Industrial Average (DJIA) closed lower by 37.47 points at 12,442.83. S&P 500 index fell by 6.49 points to close at 1,355.81 and NASDAQ slipped by 9.06 points to close at 2,349.

The major stock markets in Asia are trading mixed. Japan''s Nikkei is trading up by 72.59 points to trade at 13,417.98 and South Korea''s Seoul Composite trading higher by 15.45 points at 1,604.51 while Hang Seng is trading lower by 59.94 points at 23,593.75.

The FIIs on Wednesday stood as net seller in equity. The gross equity purchased was Rs2,924.50 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs3,209.60 Crore and gross debt sold stood at Rs0.00 Crore. Therefore, the net investment of equity reported was (Rs285.10 Crore) and net debt was Rs0.00 Crore.

Today, Nifty has support at 5,061 and resistance at 5,252 and BSE Sensex has support at 17,392 and resistance at 18,039.

Post Session Market

The Indian Market closed with heavy losses for the third straight trading session. Though the market opened higher backed by favoring cues from the global market but was unable to sustain all its gains at higher levels and fell soon after the start of the session. The investors took calculated steps in booking their further positions, as the Federal Open Market Committee will be announcing its interest rates today as well as due to expiry of January derivatives contracts tomorrow. The Mid Caps and Small Caps also joined the rally of the benchmark indices as they also faced heavy profit booking. The BSE Sensex closed lower by 333.20 points at 17,758.64 while NSE Nifty fell by 113.2 points to close at 5,167.60. The BSE Mid Cap and Small Cap indices also closed lower by 192.18 points and 230.81 points at 7,829.06 and 10,146.86 respectively.

BSE Metal index dropped by 134.42 points to close at 15,406.33. Scrips that fell are Ispat Industries (6.57%), Jindal Steel (4.78%), Jindal Stainless (4.08%), NALCO (2.23%).

BSE Oil & Gas index slipped by 497.21 points to close at 10,684.56. Losers are RNRL (6.66%), BPCL (5.96%), Essar Oil (5.64%), ONGC (4.94%), IOCL (4.11%).

BSE Auto index closed down by 111.28 points at 4,812.46 as TVS Motors (5.03%), Bajaj Auto (4.62%), Tata Motors (2.74%), Maruti Suzuki (1.70%) closed in red.

BSE Capital Goods index closed lower by 336.15 points at 16,625.91. Losers are Elecon Eng (11.36%), Lakshmi Machine (6.96%), Jyoti Structures (5.28%) and ABB (4.31%).

BSE Bankex index fell by 220.56 points to close at 10,899.86. Scrips that fell are CentBOP (4.44%), Kotak bank (4.38%), IOB (4.20%), BOB (4.03%), BOI (3.56%).

BSE Realty index slipped by 252.88 points to close at 10,148.19. Scrips that lost are Mahindra Life (6.77%), Penland (6.19%), Ansal Infra (5.51%), Omaxe (4.72%).

BSE Power index dropped by 113.49 points to close at 3,822.67 as Suzlon Energy (6.40%), Reliance Energy (5.44%), Power Grid (4.97%), NTPC (4.70%) closed lower.

Mid Session Market

The market has lost further grounds as heavy selling continued across the board mainly led by the stocks like Metal, Capital Goods, Realty and Bank stocks. The broader market is also trading loer as significant selling is seen in the Mid Cap and small Cap stocks. The overall market breadth remains negative, as 856 stocks are advancing while 1,718 stocks are declining and the 53 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 101.44 points at 7,919.80 and the BSE small Cap slipped by 112.05 points to trade at 10,265.62.

At 12.32 pm, BSE Sensex was at 17,879.76 down by 212.18 points and Nifty was at 5,215.70 down by 65.10 points.

BSE Metal index surged 192.67 points to trade at 15,733.42. The major gainers are JSW Steel (5.74%), Sterlite Industries (2.46%), SAIL (2.22%) and Tata Steel (1.65%).SAIL has reported a growth of 31.5% in net profit to Rs19,346.60mn for the quarter ended September 2007 as against Rs14,711.90 mn reported during the same period last year.

BSE Capital goods index dropped by 177.30 points to 16,784.76. The main losers are Siemens (3.10%), Punj Lloyd (2.31%), L&T (0.95%) and Havell India (0.94%).

BHEL advanced by (1.12%) to Rs.2,075. The company is planning to invest Rs. 736 crore to raise the capacity of its plant at Tiruchi in Tamil Nadu to meet the growing demand for thermal and boiler power equipment.BSE Banks index declined by 114.28 points to trade at 11,006.14. The top losers are ICICI Bank (2.05%), SBI (0.76%), PNB (0.60%) and HDFC Bank (0.46%) are trading lower.

BSE Auto index decreased by 93.72 points to trade at 4,830.02. Leading to its fall are Bajaj Auto (4.64%), Maruti Suzuki (2.67%), Hero Honda (2.47%), M&M (2.42%) and Tata Motors (1.82%).

BSE Oil & Gas index was trading 226.38 points lower at 10,955.39 as BPCL (4.46%), RPL (2.92%), GAIL (2.74%) and ONGC (2.35%) are trading in red.

Pre Session Market

The Indian Market is likely to have a positive opening as the cues from the global markets are in favor. On Tuesday, the Indian market closed mixed after a strong rally at the initial stage on the back of favoring global cues. The market takes a u-turn soon after the declaration of the quarterly monetary policy review announced by RBI in which it kept all the key rates- Cash Reserve Ratio, Repo rates, Reverse Repo rates and Bank rates unchanged. But the market was expecting a 25 basis point rate cut by RBI. However, the Mid Caps and Small Caps outperformed the benchmark indices. The BSE Sensex closed lower by 60.84 points at 18,091.94 while NSE Nifty closed up by 6.7 points at 5,280.80. We expect that the market may edge higher during the trading session.

On Tuesday, the US market closed in green. The Dow Jones Industrial Average (DJIA) closed higher by 96.82 points at 12,480.71. S&P 500 index grew by 8.34 points to close at 1,362.30 and NASDAQ increased by 8.15 points to close at 2,358.06.

Indian ADRS closed in mixed. In technology sector, Patni Computers grew by (5.42%) along with Infosys by (1.26%) and Satyam by (0.24%) while Wipro dropped by (1%). In banking sector, ICICI bank fell by (2.61%). VSNL and MTNL dropped by (5.75%) and (1.86%) respectively.

The major stock markets in Asia are trading firm. Hang Seng is trading up by 170.82 points at 24,462.62. Japan''s Nikkei trading higher by 15.71 points at 13,494.57 and Taiwan Weighted is trading at 7,599.98 up by 23.56 points.

The FIIs on Tuesday stood as net seller both in equity and Debt. The gross equity purchased was Rs2,600.30 Crore and the gross debt purchased was Rs288.10 Crore while the gross equity sold stood at Rs4,113.60 Crore and gross debt sold stood at Rs296.60 Crore. Therefore, the net investment of equity reported was (Rs1,513.40 Crore) and net debt was (Rs8.60 Crore).

Today, Nifty has support at 5,212 and resistance at 5,385 and BSE Sensex has support at 17,827 and resistance at 18,356.

Post Session Market

The Indian market closed mixed after a strong rally at the initial stage on the back of favoring global cues. The market takes a u-turn soon after the declaration of the quarterly monetary policy review announced by RBI in which it kept all the key rates- Cash Reserve Ratio, Repo rates, Reverse Repo rates and Bank rates unchanged. But the market was expecting a 25 basis point rate cut by RBI after a sharp rate cut by US last week. The bankex shares that gained the momentum at the early session pared all its initial gains soon after the declaration. However, the Mid Caps and Small Caps outperformed the benchmark indices as most buying was seen from these baskets. The BSE Sensex closed lower by 60.84 points at 18,091.94 while NSE Nifty closed up by 6.7 points at 5,280.80. The BSE Mid Cap and Small Cap indices closed higher by 34.56 points and 74.16 points at 8,021.24 and 10,377.67 respectively.

BSE Metal index grew by 98 points to close at 15,540.75. Scrips that rose are Gujarat NRE (9.44%), Hindalco Industries (3.42%), JSW Steel (3.34%), Tata Steel (2.55%).

BSE Oil & Gas index advanced by 103.66 points to close at 11,181.77. Gainers are Cairn India (6.54%), Essar Oil (4.15%), RPL (1.93%), RNRL (1.39%), ONGC (1.80%).

BSE Auto index closed marginally down by 2.40 points at 4,923.74 as Bajaj Auto (2.82%), Hero Honda (1.60%) closed in red while Cummins Ind (5.13%), Bharat Forge (2.71%), Escorts (2.43%) closed in green.

BSE Capital Goods index closed lower by 154.30 points at 16,962.06. Scrips that fell are Punj Lloyd (4.87%), Bharat Elec (4.46%), Areva (2.71%), L&T (1.94%), Bhel (1.93%).

BSE Bankex index closed lower by 400.80 points at 11,120.42. Losers are BOI (7.12%), Canara bank (6.37%), IOB (6.34%), Oriental bank (5.96%), BOB (5.16%), ICICI bank (4.19%), SBI (3.58%), HDFC bank (3.36%).

BSE Realty index declined by 288.34 points to close at 10,401.07. Scrips that fell are Unitech (5.59%), HDIL (5.47%), Penland (4.05%), Ansal Infrastructure (3.60%) and Omaxe Ltd. (2.12%).

Mid Session Market

The market has given up its early morning gains and is trading marginally higher. The heavy selling witnessed in the Bank and Auto stocks as Finally RBI has kept the rates unchanged. The Reserve Bank kept bank rate unchanged at 6%, short-term borrowing (reverse repo) was kept intact 6%, lending (repo) at 7.75%. Cash Reserve Ratio was retained at 7.5%.The broader market is also trading in a cautious mode. Hoever, the significant buying witnessed in the IT and Oil & Gas stocks. The overall market breadth remains positive, as 1,362 stocks are advancing while 1,258 stocks are declining and the 38 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 47 points at 8,034 and the BSE small Cap advanced by 81 points to trade at 10,385.

At 12.32 pm, BSE Sensex was at 18,230 up by 77 points and Nifty was at 5,302.65 up by 28.55 points.

BSE IT index inclined by 83.01 points to trade at 3,742.97 as Infosys (3.39%), Wipro (2.46%), HCL Technologies (0.83%) and TCS (0.82%) are trading in green.

BSE Oil & Gas index was trading 80.95 points higher at 11,159.06 as Cairn India (5%), RPL (0.83%), RNRL (0.55%) and ONGC (0.42%) are trading in green.

BSE Power index grew by 36.21 points to trade at 3,948.87 as Suzlon Energy (3.62%), Tata Power (1.90%), GVK Power (1.57%) are trading in green.

BSE Health Care index inclined by 28.90 points to trade at 3,674.61 as Sun Pharma (5.24%), Fortis Health Care (2.89%), Cipla (2.11%) are trading higher.

BSE Metal index dropped 16.83 points to trade at 15,426.42. The major losers are Jindal Steel (2.69%), Sterlite Industries (2.41%), Jindal Saw (1.12%) and Hindalco Industries (0.75%).

BSE Banks index declined by 249.36 points to trade at 11,271.86. The top losers are ICICI Bank (4.87%), PNB (4.68%), HDFC Bank (4.40%) and SBI (1.82%) are trading lower.

BSE Auto index decreased by 57.90 points to trade at 4,868.24. Leading to its fall are Maruti Suzuki (4.47%), Bajaj Auto (4.45%), Hero Honda (2.98%), Apollo Tyres (1.15%).

Pre Session Market

The Indian Market is likely to have a positive opening due to favoring cues from the global markets. On Monday, the Indian market made a smart recovery in the final trading hours of the session on the back of selective buying across the sectoral indices scrips. The market opened with heavy losses on the back of weak cues from the global markets and drifts down further there after but managed to pare most of its initial losses towards the end of the session. The banking shares gained on the back of RBI quarterly review, which is scheduled on today. The BSE Sensex closed lower by 208.88 points at 18,152.78 and NSE Nifty fell by 109.25 points to close at 5,274.10. We expect that the market may edge higher during the trading session.

On Monday, the US market closed in green. The Dow Jones Industrial Average (DJIA) closed higher by 177.29 points at 12,384.46. S&P 500 index grew by 23.35 points to close at 1,353.96 and NASDAQ increased by 23.71 points to close at 2,349.91.

Indian ADRS closed in mixed. In technology sector, Infosys grew by 1.17% and Wipro advanced by 0.50% while Patni computers fell by 3.87% and Satyam dropped by 1.38%. In banking sector, ICICI bank and HDFC bank grew by (2.68%) and (0.86%) respectively. VSNL and MTNL increased by (1.73%) and (1.53%) respectively.

The major stock markets in Asia are trading strong. Hang Seng is trading up by 683.19 points at 24,736.80. Japan''s Nikkei trading higher by 241.16 points at 13,329.07 and Taiwan Weighted is trading at 7,499.50 up by 13.17 points.

The FIIs on Monday stood as net buyer both in equity and Debt. The gross equity purchased was Rs4,854.60 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs4,185.60 Crore and gross debt sold stood at Rs0.00 Crore. Therefore, the net investment of equity reported was Rs669.10 Crore and net debt was Rs0.00 Crore.

Today, Nifty has support at 5,203 and resistance at 5,457 and BSE Sensex has support at 17,947 and resistance at 18,794.

Post Session Market

The Indian market made a smart recovery in the final trading hours of the session on the back of selective buying across the sectoral indices scrips. The market opened with heavy losses on the back of weak cues from the global markets and drifts down further there after but managed to pare most of its initial losses towards the end of the session. The banking shares gained on the back of RBI quarterly review, which is scheduled on tomorrow. There are rumors that there is a possibility of a 25 basis point repo rate cut by RBI after a sharp cut in US interest rates last week. The Mid Caps and Small Caps also remained out of favor as they faced heavy selling pressures across the counters. The BSE Sensex closed lower by 208.88 points at 18,152.78 and NSE Nifty fell by 109.25 points to close at 5,274.10. The BSE Mid Cap and Small Cap indices decreased by 34.44 points and 117.39 points to close at 7,986.68 and 10,303.51 respectively.

BSE Realty index declined by 508.65 points to close at 10,689.41. Scrips that fell are HDIL (7.30%), Unitech (6.51%), DLF (5.57%), Ansal Infra (4.18%) and Sobha Dev (4.45%).

BSE Metal index fell by 161.04 points to close at 15,442.75. Scrips that fell are SAIL (5.93%), Nalco (5.87%), Maharash Sea (4.73%), Bhuhan Steel (3.76%) and Tata Steel (2.20%).

BSE Oil & Gas index slipped by 119.73 points to close at 11,078.11. Losers are Cairn India (4.15%), BPCL (4.04%), HPCL (2.90%), RPL (2.72%), IOCL (1.53%).

BSE Auto index grew by 83.27 points to close at 4,926.14. Gainers are Bajaj Auto (8.62%), Maruti Suzuki (3.97%), M&M (1.9%), Hero Honda (0.44%), MRF (0.44%) and Tata Motors (0.33%).

BSE Capital Goods index closed lower by 346.82 points at 17,116.36. Scrips that fell are Bharat Elec (9.49%), Suzlon Ener (7.08%), BEML (5.50%), AIA Eng (4.96%), BHEL (3.36%).

BSE Bankex index closed higher by 796.89 points to close at 11,379.77. Scrips that gained are Canara bank (5.11%), Yes bank (5.05%), BOI (3.78%), Axis bank (3.66%) and Oriental bank (3.10%).

Mid session Market

The market has lost further ground and is trading lower on account of heavy selling continued across the board. The broader market however trading lower in comparison to the benchmark index. The Metal, Capital Goods, Realty and Oil & Gas stocks are the worst performer of the day. The overall market breadth remains negative, as 355 stocks are advancing while 2,155 stocks are declining and the 32 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 253 points at 7,768 and the BSE small Cap slipped by 319 points to trade at 10,102.

At 12.32 pm, BSE Sensex was at 17,569 down by 793 points and Nifty was at 5,111.65 down by 271.70 points.

BSE Metal index dropped 861.72 points to trade at 14,742.07. The major losers are SAIL (10.39%), NALCO (7.74%), Tata Steel (5.03%) and Hindalco Industries (4.02%).

BSE Capital goods index slipped 888.38 points to 16,574.802. The main losers are ABB (6.68%), BHEL (6.35%), Siemens (4.43%) and L&T (4.02%).

BSE Banks index declined by 422.50 points to trade at 10,957.27. The top losers are SBI (8.18%), HDFC Bank (6.41%), ICICI Bank (4.04%) and PNB (3.89%) are trading lower.

BSE Oil & Gas index was trading 606 points lower at 10,591.84 as Cairn India (7.50%), BPCL (6.83%), RPL (6.36%) and ONGC (6.30%) are trading in red.

BSE IT index declined by 206.52 points to trade at 3,593.84 as HCL Technologies (7.60%), Infosys Technologies (7.11%), TCS (6.67%) and Wipro (5.56%) are trading in red.BSE Power index fell by 189.29 points to trade at 3,782.80 as Suzlon Energy (7.35%), NTPC (6.73%), Reliance Energy (3.35%) and Tata Power (2.15%) are trading in red.

BSE Health Care index declined by 114.13 points to trade at 3,577.85 as Dr. Reddy (9.27%), Ranbaxy (4.61%), GSK (3.31%) and Sun Pharma (2.66%) are trading lower.Dr. Reddy''s Lab has reported a 91% decline in net profit for the quarter ended December 2007. It has posted a net profit of Rs42.29 crore for the quarter ended December 2007 as against Rs503.40 crore last year.

Pre Session Market

The Indian Market is likely to have a negative opening as the cues from the global markets are not in favor. On Friday, the Indian market surged to close with handsome gains as the investors showed their eagerness in buying to book their positions. Taking the favoring cues from the global market, the Indian market opened with handsome gains and kept on marching forward throughout the trading session. The Mid Cap and Small Cap also joined the rally of the benchmark indices. India''s wholesale price index grew 3.83% in the 12 months to 12 January 2008 higher than the previous week''s growth of 3.79%. The BSE Sensex closed higher by 1139.92 points at 18,361.66 and NSE Nifty grew by 349.9 points to close at 5,383.35. We expect that the market may remain cautious during the trading session.

On Friday, the US market closed in red. The Dow Jones Industrial Average (DJIA) closed lower by 171.44 points at 12,207.17. S&P 500 index fell by 21.46 points to close at 1,330.61 and NASDAQ slipped by 34.72 points to close at 2,326.20

Indian ADRS closed in mixed. In technology sector, Patni Comp grew by (14.32%) while Wipro, Satyam and Infosys fell by (2.85%), (1.32%) and (0.25%) respectively. In banking sector, ICICI bank and HDFC bank grew by (5.42%) and (2.31%) respectively.

The major stock markets in Asia are trading weak. Hang Seng is trading lower by 791.89 points at 24,330.48. Japan''s Nikkei trading down by 350.23 points at 13,274.93 and Taiwan Weighted is trading at 7,598.27 down by 141.32 points

On Friday, the FIIs stood as net seller in equity while net buyer in Debt. The gross equity purchased was Rs5,347.20 Crore and the gross debt purchased was Rs70.80 Crore while the gross equity sold stood at Rs6,698.40 Crore and gross debt sold stood at Rs49.60 Crore. Therefore, the net investment of equity reported was (Rs1351.20 Crore) and net debt was Rs21.30 Crore.

Today, Nifty has support at 5,192 and resistance at 5,428 and BSE Sensex has support at 17,604 and resistance at 18,539.

Post Session Market

The Indian market surged to close with handsome gains as the investors showed their eagerness in buying to book their positions. Taking the favoring cues from the global market, the Indian market opened with handsome gains and kept on marching forward throughout the trading session. The Mid Cap and Small Cap also joined the rally of the benchmark indices as they also closed with good gains. India''s wholesale price index grew 3.83% in the 12 months to 12 January 2008 higher than the previous week''s growth of 3.79%. All the sectoral indices closed in green but most buying was seen in Metal, Capital goods and Bankex indices scrips. The BSE Sensex closed higher by 1139.92 points at 18,361.66 and NSE Nifty grew by 349.9 points to close at 5,383.35. The BSE Mid Cap and Small Cap increased by 483.22 points and 406.94 points to close at 8,021.12 and 10,420.90 respectively.

BSE Realty index grew by 1056.24 points to close at 11,198.06. Scrips that pushed are Unitech (17.79%), Indbul Real (13.75%), HDIL (13.71%), Parsvnath (8.95%), Penland (8.81%) and Omaxe (6.53%).

BSE Metal index surged 1383.11 points to close at 15,603.79. Scrips that gained are Jindal Steel (19.78%), SAIL (15.03%), Hindalco Inds (14.01%), Bhushan Steel (13.23%) and JSW Steel (9.27%).

BSE Oil & Gas index advanced by 699.89 points to close at 11,197.84. Scrips that grew are Essar Oil (24.39%), RNRL (9.73%), Aban Offshore (9.32%), ONGC (7.54%), RPL (7.25%) and HPCL (7.17%).

BSE Capital Goods index closed higher by 1080.70 points at 17,463.18. Scrips that advanced are Kalpataru Power (18.39%), Areva (9.96%), L&T (9.95%), Punj Lloyd (7.65%) and ABB (7.22%).

BSE Bankex index increased by 796.89 points to close at 11,379.77 as ICICI bank (11.16%), Axis bank (9.20%), Andhra bank (8.94%), BOI (8.44%), Allahabad bank (7.76%), PNB (7.63%) closed lower.

BSE IT index grew by 212.58 points to close at 3,800.36 as NIIT Techno (17.06%), I-Flex (16.83%), Aptech (15.79%), Patni Comp (15.68%) and Educomp Soln (11.15%) closed in red.

Mid Session Market

The market has gained further grounds and is trading higher as strong buying continued across the board. The broader market also trading higher as some buying witnessed in the Mid Cap and Small Cap stocks. The overall market breadth remains negative, as 1,182 stocks are advancing while 1,382 stocks are declining on BSE. The BSE Mid cap is higher by 248 points at 7,786 and the BSE small Cap advanced by 147 points to trade at 10,161.

At 12.32 pm, BSE Sensex was at 18,026 up by 804 points and Nifty was at 5,282.40 up by 248.95 points.

BSE Metal index advanced 838.78 points to trade at 15,059.46. The major gainers are NALCO (12.08%), SAIL (7.46%), Tata Steel (6.26%) and Hindalco Industries (6%).

BSE Capital goods index improved 665.04 points to 17,047.52. The main gainers are ABB (6.68%), BHEL (6.35%), Siemens (4.43%) and L&T (4.02%).

BSE Banks index surged by 744.91 points to trade at 11,327.79. The top gainers are ICICI Bank (10.25%), PNB (7.11%), HDFC Bank (6.75%) and SBI (4.18%) are trading higher.

Punjab National Bank has posted a 26% growth in net profit to Rs541.5 crore for the third quarter ended December 2007 as against Rs429.9 crore reported last year.

BSE Oil & Gas index was trading 576.80 points higher at 11,074.75 as ONGC (9.82%), GAIL (7.64%), Cairn (7.49%) and RPL (4.35%) are trading in green.

BSE Power index grew by 219.31 points to trade at 3,952.78 as Reliance Energy (10.13%), GVK Power (6.81%), NTPC (5.03%), Tata Power (5.91%) and Suzlon Energy (5%) are trading in green.Reliance Energy has won a project worth Rs2,500 crore from the Delhi Metro Rail Corporation in a consortium with Spain''s Construcciones y Auxiliar de Ferrocarriles SA.

BSE IT index inclined by 120.78 points to trade at 3,708.56 as HCL Technologies (4.78%), Wipro (3.89%), Infosys (3.65%) are trading in green.

BSE Auto index increased by 199.97 points to trade at 4,767.10. Leading to its gain are Tata Motors (7.13%), M&M (6.39%), Bajaj Auto (6.36%), Hero Honda (6.33%).

Pre Session Market

The Indian Market is likely to have a positive opening as the cues from the global markets are in favor. Yesterday, the market closed in deep red territory on the back of heavy selling across the counters. The market opened on a firm note backed by favoring cues from the global markets and inched up further but was unable to sustain at higher levels and fell to pare all its initial gains. Heavy selling was also seen from the Small Caps and Mid Caps baskets as they also joined the benchmark indices to close on a weak note. The BSE Sensex closed lower by 372.33 points at 17,221.74 and NSE Nifty fell by 169.95 points to close at 5,033.45. We expect that the market may see some bull run during the trading session as well as the releasing of inflation figures by the government will set further direction.

On Thursday, the US market closed in green. The Dow Jones Industrial Average (DJIA) closed up by 108.44 points at 12,378.61. S&P 500 index closed higher by 13.47 points at 1,352.07 and NASDAQ grew by 44.51 points to close at 2,360.92.

Indian ADRS closed in mixed. In technology sector, Infosys grew by (1.50%) along with Wipro by (0.82%) while Satyam fell by (1%). In banking sector, ICICI bank and HDFC bank slipped by (3.80%) and (0.52%) respectively.

The major stock markets in Asia are trading firm. Hang Seng is trading higher by 1171.19 points at 24,710.46. Japan''s Nikkei trading up by 367.05 points at 13,459.83 and Taiwan Weighted is trading at 7,703.45 up by 186.20.

On Thursday, the FIIs stood as net seller both in equity while net buyer in Debt. The gross equity purchased was Rs6,082.50 Crore and the gross debt purchased was Rs662 Crore while the gross equity sold stood at Rs8,582.30 Crore and gross debt sold stood at Rs28 Crore. Therefore, the net investment of equity reported was (Rs2,499.90 Crore) and net debt was Rs634.10 Crore.

Today, Nifty has support at 4,971 and resistance at 5,167 and BSE Sensex has support at 16,969 and resistance at 17,892.

Mid Session Market

The market has slipped from the higher level as heavy selling witnessed in the mi dcap and small cap stocks. The strong selling is seen in the Realty, Metal, Consumer Durables and Capital Goods stocks while the Bank, FMCG and Oil & Gas stocks are still trading in green. The overall market breadth turns negative, as 654 stocks are advancing while 1,942 stocks are declining on BSE. The BSE Mid cap is lower by 55.97 points at 7,733.34 and the BSE small Cap dropped by 200.76 points to trade at 10,224.58.

At 12.32 pm, BSE Sensex was at 17,840.23 up by 246.16 points and Nifty was at 5,245.45 up by 42.05 points.

BSE Banks index surged by 294.72 points to trade at 11,025.96. The top gainers are ICICI Bank (4.60%), PNB (3.67%), SBI (1.03%) are trading higher.ICICI bank has planned to raise as much as $1billion by selling a stake in its investment banking and securities unit in the next four months..

BSE Oil & Gas index was trading 42.73 points higher at 10,888.31 as Indian Oil (5%), HPCL (3.05%), RNRL (2.08%) and BPCL (1.05%) are trading in green.

BSE IT index inclined by 44.30 points to trade at 3,675.67 as Satyam (3.42%), Infosys (2.04%), Tech. Mahindra (1.98%) and Wipro (1.02%) are trading in green.

BSE FMCG index grew 61.98 points to trade at 2,162.32 as HUL (6.07%), Tata Tea (4.13%) and ITC (3.12%) are trading higher.HUL will soon launch a range of skincare products, which is protection from pollution. It is in the process of launching Lakme Pure Defense Anti Pollution Range.

BSE Metal index dropped 232.02 points to trade at 14,848.98. The major losers are Hindustan Zinc. (5.96%), Sterlite Industries (5.60%), Jindal Steel (4.24%) and Hindalco (2.39%).

BSE Capital goods index slipped 121.49 points to 17,099.64. The main losers are Siemens (2.86%), ABB (1.68%) and L&T (0.37%).

BSE Auto index increased by 33.38 points to trade at 4,708.71. Leading to its gain are Hero Honda (4.92%), Mahindra & Mahindra (1.89%), Bajaj Auto (1.53%), Tata Motors (0.37%) and MRF (0.34%).

Pre Session Market

The Indian Market is likely to have a positive opening as the cues from the global markets are in favor. Yesterday, the market closed on a strong note on the back of heavy buying across the sectoral indices scrips. The market opened with hand some gains backed by favoring cues from the Asian markets and soon pared some of its gains but gained the momentum there after to closed on an upbeat note. The market also took the news by surprise of an intermeeting cut in the fed funds rate 75 basis point to 3.50% by the Federal Open Market Committee and a 75 basis point cut in the discount rate to 4.00%. The BSE Sensex closed up by 864.13 points at 17,594.07 and NSE Nifty grew by 304.1 points to close at 5,203.40. We expect that the market may gain some grounds during the trading session.

On Wednesday, the US market closed in positive. The Dow Jones Industrial Average (DJIA) closed higher by 298.98 points at 12,270.17. S&P 500 index closed up by 28.10 points at 1,338.60 and NASDAQ grew by 24.14 points to close at 2,316.41.

Indian ADRS closed in mixed. In technology sector, Satyam grew by (11.31%) along with Infosys 1.84% while Wipro fell by (0.49%). In banking sector, HDFC bank grew by (2.73%) while ICICI bank slipped (0.47%).

The major stock markets in Asia are trading in green. Hang Seng is trading higher by 166.46 points at 24,256.63. Japan''s Nikkei trading up by 184.86 points at 13,013.92 and Singapore Starit Times is trading at 3,056.56 up by 72.94 points.

On Wednesday, the FIIs stood as net seller both in equity and debt. The gross equity purchased was Rs7,749.20 Crore and the gross debt purchased was Rs116.30 Crore while the gross equity sold stood at Rs10,005.50 Crore and gross debt sold stood at Rs487.40 Crore. Therefore, the net investment of equity reported was (Rs2,256.20 Crore) and net debt was (Rs371.10 Crore).

Today, Nifty has support at 5,148 and resistance at 5,319 and BSE Sensex has support at 17,392 and resistance at 18,036.

Post Session Market

The market closed on a strong note on the back of heavy buying across the sectoral indices scrips. The market opened with hand some gains backed by favoring cues from the Asian markets and soon pared some of its gains but gained the momentum there after to closed on an upbeat note. The market also took the news by surprise of an intermeeting cut in the fed funds rate 75 basis point to 3.50% by the Federal Open Market Committee and a 75 basis point cut in the discount rate to 4.00%. The BSE Sensex touched an intraday high of 17,997.11 and low of 16,951.03. The BSE Sensex closed up by 864.13 points at 17,594.07 and NSE Nifty grew by 304.1 points to close at 5,203.40. The BSE Mid Cap and Small Cap closed higher by 587.06 points and 396.95 points at 7,789.31 and 10,425.34 respectively.

BSE Realty index surged 1,088.83 points at 10,609.67 as Omaxe (42.31%), Penland (41.05%), Ansal Infra (30.24%), Anant Raj (20%), Sobha Dev (18.18%) and Unitech (11.99%) closed in green.

BSE Metal index closed higher by 966.97 points at 15,081. Scrips that advanced are Ispat Inds (30.56%), Hind Zinc (15.73%), Sesa Goa (15.45%), Jindal Stainless (14.52%) and SAIL (12.12%).

BSE Oil & Gas index grew by 870.80 points to close at 10,845.58. Scrips that jumped are Essar Oil (27.11%), RNRL (20.68%), RPL (15.30%), GAIL India (8.64%) and Reliance Inds (8.35%).

BSE Capital Goods index grew by 768.40 points to close at 17,221.13. Scrips that gained are Elecon Eng (17.80%), Kir Oil Eng (17.12%), Praj Inds (15.10%), Bharat Elec (13.26%), BHEL (8.09%) and Areva (7.37%).

BSE Bankex index closed up by 572.89 points at 10,731.24. Scrips that grew are Union bank (21.94%), Allahabad bank (19%), Andhra bank (15.47%), IOB (11.99%), BOB (11.78%) and Oriental bank (10.18%).

BSE IT index advanced by 187.78 points to close at 3,631.37 as NIIT Techno (15.37%), Aptech (13.50%), GTL Ltd (12.70%), Rolta India (11.92%), Satyam (10.84%) and TCS (8.48%) closed higher.

Mid Session Market

The market continues to trade at higher level as significant buying witnessed across the board. The strong buying is seen in the Realty, Metal, Oil & Gas and Capital Goods stocks. The broader market is however trading in a cautious mode. The overall market breadth turns negative, as 1,090 stocks are advancing while 1,349 stocks are declining and the 21 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 466.28 points at 7,668.53 and the BSE small Cap advanced by 228.93 points to trade at 10,257.32.

At 12.32 pm, BSE Sensex was at 17,637.06 up by 907.12 points and Nifty was at 5,192.05 up by 292.75 points.

BSE Metal index surged 695.24 points to trade at 14,809.27. The major gainers are Hindalco Industries (5.37%), Sterlite Industries (4.99%), SAIL (4.64%) and Tata Steel (3.73%).

BSE Capital goods index advanced 555.73 points to 17,008.46. The main gainers are BHEL (8.63%), L&T (1.80%) and Siemens (0.11%).BHEL is trading higher as the company has bagged Rs.8.66 billion EPC contract from Reliance Industries. BHEL will set up a 365 MW gas-based captive power plant in Maharastra for RIL.

BSE Oil & Gas index was trading 673.78 points higher at 10,648.56 as RPL (14.29%), Cairn (8.15%), GAIL India (6.14%) and ONGC (3.65%) are trading in green.

BSE Banks index grew by 346.86 points to trade at 10,505.21. The top gainers are Indian Overseas (15.20%), Andhra Bank (13.06%), Union Bank (13.38%) and PNB (9.12%) are trading higher.

BSE Power index improved by 225.31 points to trade at 3,816.14 as Torent Power (17.32%), Power Grid (10.06%), NTPC (8.08%), GVK Power (7.41%) and Reliance Energy (6.32%) are trading in green.BSE Auto index increased by 139.59 points to trade at 4,615.15. Leading to its gain are Bajaj Auto (5.75%), Mahindra & Mahindra (2.62%), Maruti Suzuki (1.61%), Hero Honda (1.18%) and Tata Motors (0.77%).

Pre Session Market

The Indian Market is likely to have a positive opening due to favoring cues from the Asian markets. Yesterday, the Indian market closed in red but considering the initial set back, it has managed to recover some ground during the final trading hours of the session. The market opened with circuit down on the back of negative cues from the global markets and was suspended for an hour. The BSE Sensex closed lower by 875.41 points at 16,729.94 and NSE Nifty fell by 309.5 points to close at 4,899.30. We expect that the market may remain volatile during the trading session. The Federal Open Market Committee has approved the 75 basis point inter meeting cut in the fed funds rate to 3.50%.

On Tuesday, the US market closed in red. The Dow Jones Industrial Average (DJIA) closed lower by 127.62 points at 11,971.68. S&P 500 index slipped by 14.69 points to close at 1,310.50 and NASDAQ dropped by 47.75 points to close at 2,292.27

Indian ADRS closed in mixed. In technology sector, Satyam grew by (3.46%) along with Wipro by (1.32%) and Infosys by (0.13%). In banking sector, HDFC bank and ICICI bank slipped by (4.61%) and (1.06%) respectively. MTNL and VSNL dropped by (17.22%) and (12.05%) respectively.

The major stock markets in Asia are trading firm. Hang Seng is trading higher by 1584.55 points at 23,342.18 along with Japan''s Nikkei trading up by 421.27 points at 12,994.32 and Singapore Starit Times is trading at 2,951.82 up by 85.27 points.

On Tuesday, the FIIs stood as net seller both in equity and debt. The gross equity purchased was Rs4,896.90 Crore and the gross debt purchased was Rs142.40 Crore while the gross equity sold stood at Rs7,322.50 Crore and gross debt sold stood at Rs236.40 Crore. Therefore, the net investment of equity reported was (Rs2,425.70 Crore) and net debt was (Rs93.90 Crore).

Today, Nifty has support at 4,789 and resistance at 5,043 and BSE Sensex has support at 16,372 and resistance at 17,681.

End Market Session

The Indian bourses closed in deep red but considering the initial set back, it has managed to recover some ground. The market opened with circuit down and was shut for an hour. However, during the last trading hour, the market has some buying support mainly on account of positive cues of recovery in European market.

The BSE Sensex touched an intraday high of 17,068.57 and low of 15,332.42. Finally, the BSE Sensex ended the day with a decline of 875.41 points to close at 16,729.94. The NSE Nifty reached an intra day high and low of 5,203.35 and 4,448.50 respectively and finally ended with a decline of 309.5 points to close at 4,899.30. The BSE Mid Cap and Small Cap closed with a decline of 679.74 points and 883.27 points at 7,202.25 and 10,028.39 respectively.

Among BSE sectoral indices, Oil & Gas and Reality witnessed the most significant decline and reported 10.05% or 1,114.55 points and 9.15% or 959.03 points downfall to close at 9,974.78 and 9,520.84 respectively. In oil & gas index, RNRL and Essar Oil were the main losers with a significant loss of 26.87% and 21.67% respectively. In Reality Index, Omaxe and Peninsula Land reported the hefty decline of 30.22% and 28.51% respectively.

BSE Consumer Durables and FMCG ended with a reduction of 7.99% or 427.60 points and 7.96% or 173.04 points to close at 4,924.03 and 2,000.17 respectively. In BSE CD index, Rajesh Export and Gitanjali fell by a staggering 15.62% and 15.35% respectively. In FMCG index, Tata Tea and GlaxoSmithKline Consumer Healthcare were the main losers.

BSE Auto and Bank indices moved in a similar fashion as both the indices fell by nearly 4%. In auto index, Escorts and MRF fell by 15.87% and 14.20% respectively.

BSE Teck and IT indices were witnessed the lowest decline of 3.58% or 115.13 points and 3.63% or 129.66 points respectively. In BSE IT index, GTL Ltd ended the day with a gain of 1.67%.

Mid Market Session

The market is still in the tight grip of bears as there is no sigh of relief amidst weak sentiment. The prevailing selling pressure has caught the length and breath of the broader market and investors are finding hard to mitigate their risk. The Mid Cap is low by 1,312.27 points to 6,569.72 further the Small Cap also lost 1,331.67 points to 9,579.99.

The overall market breadth is negative, as only 52 stocks are advancing while 1939 stocks are declining and 21 stocks remaining unchanged in BSE.

At 12.30 PM, the BSE Sensex was low by 1,370.67 points at 16,234.68 and the Nifty was low by 456.2 at 4752.60.

BSE CG has lost 2,106.30 points at 14981.52. Praj Indust, Punj Lloyd, and Thermax are low by 21.19%, 19.99% and 19.99% at Rs. 127, Rs. 356 and Rs. 561.05 respectively. BSE Metal has lost 2,231.30 points at 12,732.08. ISPAT, Jindal Steel, Jindal Saw and Gujarat NRE lost 29.85%, 23.40%, 15.92% and 18.35% at Rs. 30.90, Rs 1,620, Rs 750 and Rs 95 respectively.

BSE Realty has lost 1,548.01 points at 8,931.86. Anant Raj, DLF, and Unitech are low by 18.72%, 16.57% and 21.60% at Rs. 260, Rs. 754 and Rs. 325 respectively.

Pre Market Session

Indian market is likely to have a negative opening for the day, as the global markets are giving very weak cues. On Monday, the market broke all the important support levels and witnessed a heavy intraday fall of more then 2000 points. On the closing bell, the Sensex ended lower by 1,408.35 points at 17,605.35 and NSE Nifty fell by 496.50 points to close at 5,208.8. Even the BSE Mid Cap and Small Cap closed with heavy losses of 1,011.72 points and 1,248.79 points at 7,881.99 and 10,911.66 respectively. We expect that the market may lose further grounds during the trading session.

The US market was closed on Monday due to The Martin Luther King''s Day.

Today, the major stock markets in Asia are trading very weak. Hang Seng is trading lower by 1276.86 points at 22,542 along with Japan''s Nikkei trading down by 587.63 points at 12,738.31 and Taiwan Weighted is trading at 7,638.07 down by 472.13 points.

Yesterday, the FIIs stood as net sellers as the gross equity purchased was Rs.4,972.30 Crore and the gross debt purchased was Rs.78.40 Crore while the gross equity sold stood at Rs.6,328.40 Crore and gross debt sold stood at Rs.103.30 Crore. The net investment of equity reported was Rs.-1,356.10 Crore and net debt was Rs.-6.20 Crore.Today, Nifty has support at 4,860 and resistance at 5,265 and BSE Sensex has support at 16,800 and resistance at 17,710.

End Market Session

After having a deep negative opening for the day, the markets tumbled down further with heavy losses. It was the worst trading session the investors would have seen in their lifetime history. For the first time ever, markets broke all the important technical and psychological levels and witnessed an intraday fall of more then 2000 points. BSE was shut for a brief period of time, however it resumed trading immediately. Later Sensex recovered 700 points from its day''s low. Among major sectors, Metal, Oil & Gas, Realty and Capital Goods suffered badly. Even the Small Caps and Mid Caps were the most hit as they faced heavy selling pressure across the counters. The BSE Sensex touched an intraday high of 18,919.57 and low of 16,951.50. On the closing bell, the Sensex ended lower by 1,408.35 points at 17,605.35 and NSE Nifty fell by 496.50 points to close at 5,208.8. The BSE Mid Cap and Small Cap closed with heavy losses of 1,011.72 points and 1,248.79 points at 7,881.99 and 10,911.66 respectively.

BSE Metal index stood as the top loser by losing 2295.42 points to close at 14,963.38. Scrips that slipped are Jindal Steel (85.28%) on the back of stock split, Ispat Inds (27.13%), Maharashtra Seamless (23.04%), Sesa Goa (22.18%), Jindal Stainless (17.84%) and Gujarat NRE (16.08%).

BSE Oil & Gas index also slipped by 1505.58 points to close at 11,089.33. Scrips that dropped are Essar Oil (31.55%), RNRL (23.21%), IOC (18.11%), RPL (17.53%), Aban Offshore (14.48%) and HPCL (12.61%).

BSE Capital Goods index fell by 1245.81 points to close at 17,087.82. Scrips that plunged are Suzlon Energy (80.75%) due to stock split, Praj. Inds (19.10%), Lakshmi Machine (16.40%), Kir Oil Eng (15.83%).

BSE Bankex index slipped by 790.40 points to close at 10,582.01. Scrips that fell are Cent. Bank Of Punjab (18.69%), Andhra bank (14.29%), Kotak Bank (14.28%).

BSE Auto index dropped by 483.21 points to close at 4,664.53 as Ashok Leyland (20.41%), Escorts Ltd (20.30%), TVS Motors (19.64%).

Mid Market Session

The market is slipping in the red territory amidst selling pressures. Metal and Realty stocks have felt the heat of selling pressures as these stocks had picked up well in the past couple months and were highly overvalued. The market is now highly volatile as fresh buying is negligible on the back of weak global cues. The Mid cap and small cap stocks have lost immensely in the past few days. Now the Mid cap and Small cap index are low by 407.82 points and 580.54 points at 8,485.89 and 11,579.91 respectively.

The overall market breadth is negative as 280 stocks are advancing while 2378 stocks are declining and 19 stocks remained unchanged on BSE.

At 12.32 pm, BSE Sensex is low by 683.99 points at 18,329.71, while Nifty lost 246.25 points at 5459.05.

BSE Metal index is low by 1,015.60 points at 116,243.20. Sesa Goa, SAIL and JSW SL are low by 6.68%, 5.64% and 7.86% at Rs. 2,999.80, Rs. 220.95 and Rs. 1,010 respectively.

BSE Realty lost 732.80 points at 11,288.94. This sector has felt the worst hit after the market started crumbling since last week correction. The majority of Realty stocks were highly over valued and the housing slow down in U.S. coupled with the surging domestic interest rates pulled the sentiments of Realty stockholders.

BSE CG fell by points at 20,484.33. ABB, Praj Industries and Punj Loyd are low by 7.26%, 7.38% and 6.14% at Rs. 1,265, Rs. 184.5 and Rs. 470.05 respectively.

Pre Market Session

Indian market is likely to have a negative opening for the day, as the global markets are not giving favorable cues. On Friday, BSE Sensex closed lower by 687.12 points at 19,013.70 and NSE Nifty fell by 207.9 points to close at 5,705.30. The BSE Mid Cap and Small Cap closed with heavy losses of 446.30 points and 579.84 points at 8,893.71 and 12,160.45 respectively. We expect that the market may remain cautious during the trading session.

On Friday, the US market closed in red. The Dow Jones Industrial Average (DJIA) closed lower by 59.19 points at 12,099.30. S&P 500 index slipped by 8.06 points to close at 1,325.19 and NASDAQ dropped by 6.88 points to close at 2,340.02.

Indian ADRs also ended mixed. In telecommunication sector, MTNL plunged by (4.40%) respectively. In Pharma sector, Dr. Redddy''s Lab is down by (0.47%). In Banking sector ICICI bank fell (0.57%). Further in Technology sector, Patni Computers decreased by (1.80%), along with Wipro (3.12%) & Infosys (1.66%).

Today, the major stock markets in Asia are trading weak. Hang Seng is trading lower by 633.15 points at 24,568.72 along with Japan''s Nikkei trading down by 466.01 points at 13,395.28 and Taiwan Weighted is trading at 8,167.45 down by 17.20 points.

On Friday, the FIIs stood as net seller both in equity and debt. The gross equity purchased was Rs4303.30 Crore and the gross debt purchased was Rs78.50 Crore while the gross equity sold stood at Rs6,489.30 Crore and gross debt sold stood at Rs422.40 Crore. Therefore, the net investment of equity reported was (Rs2,186.0 Crore) and net debt was (Rs343.90 Crore).

Today, Nifty has support at 5,512 and resistance at 5,750 and BSE Sensex has support at 18,650 and resistance at 19,120.

Post Session Market

The Indian market closed in a deep red note for the fifth straight trading session. The market opened with a huge gap down on the back of negative cues from the global markets. The market traded in red through out the trading session and the investors took calculated steps to book their positions. The annual inflation that moved up 3.79% in the week ended 5 January 2008 compared with 3.5% in the week ended 29 December 2007 also added to the negative sentiments in the markets. The Small Caps and Mid Caps were also the most hit as they face heavy selling pressures across the counters. The BSE Sensex closed lower by 687.12 points at 19,013.70 and NSE Nifty fell by 207.9 points to close at 5,705.30. The BSE Mid Cap and Small Cap closed with heavy losses of 446.30 points and 579.84 points at 8,893.71 and 12,160.45 respectively.

BSE Metal index closed lower by 888.20 points at 17,258.80. Scrips that slipped are Jindal Steel (9.38%), Ispat Inds (7.21%), Jindal Stainless (6.71%), JSW Steel (5.36%) and Sterlite Inds (5.27%).

BSE Oil & Gas index slipped by 786.46 points to close at 12,594.91. Scrips that dropped are Essar Oil (8.09%), IOCL (7.58%), Reliance Inds (6.57%), Aban Offshore (5.89%), RPL (4.81%) and ONGC (3.33%).

BSE Realty index closed lower by 741.45 points at 12,021.74 as Ansal Infra (12.69%), Penland (11.49%), HDIL (10.57%), Omaxe (6.33%), Mahindra Life (6.10%) and Anant Raj (5.85%) closed lower.

BSE Capital Goods index fell by 598.19 points to close at 18,333.63. Scrips that dropped are Praj Inds (8.50%), Crompton Greaves (5.68%), SKF India (4.22%), L&T (3.62%) and Seimens (2.43%).

BSE Bankex index fell by 598.73 points to close at 11,372.41. Scrips that fell are Kotak bank (10.46%), Canara bank (9.61%), BOI (9.21%), BOB (6.49%), Oriental bank (5.77%) and ICICI bank (5.78%).

BSE IT index dropped by 62.90 points to close at 3,790.64 as Educomp Soln (12.24%), Aptech (9.51%), NIIT Tech (6.96%), Mosear Baer (6.42%), Tech Mahindra (5.27%) closed in red.

Mid Session Market

The market has recovered some of its early morning loss as significant buying witnessed in the selective scrips. The heavy selling witnessed in the Realty, Oil & Gas and Capital Goods stocks. The broader market is also trading in line with the benchmark index. The overall market breadth is negative, as 1,020 stocks are advancing while 1,711 stocks are declining and the 46 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 63.59 points at 9,276.42 and the BSE small Cap dropped by 72.55 points to trade at 12,667.74.

At 12.32 pm, BSE Sensex was at 19,675.71 down by 25.11 points whereas Nifty was at 5,900 down by 13 points.

BSE Capital goods index dropped 247.62 points to 18,684.20. The main losers are Siemens (1.75%), BHEL (1.74%), L&T (1.57%) and ABB (0.72%).

BSE Metal index fell 117.92 points to trade at 18,029.08. The major losers are Jindal Stainless (2.56%), Ispat Industries (1.84%), Sterlite Industries (1.47%) and Hindalco Industries (0.94%).

BSE Power index slipped by 33.30 points to trade at 4,435.56 as Crompton Greaves (2.88%), GVK Power (1.62%), Power Grid (1.54%) and Tata Power (0.73%) trading in red.

Reliance Energy is trading up by (2.27%) at Rs2,263 as the company came out with good quarterly numbers. It has posted a growth of 50% in net profits to Rs301.60 Crore for the third quarter ended December 2007 as against Rs 201.03Crore reported last year.

BSE IT index declined by 17.70 points to trade at 3,835.84 as Patni Computer (1.71%), TCS (0.83%), Wipro (0.64%) and Satyam (0.04%) trading in red.

BSE Banks index dropped by 120.49 points to trade at 11,850.65. The top losers are Bank of India (4.03%), Canara Bank (2.73%), Bank of Baroda (2.61%) and AXIX Bank (2.23%) are trading lower.BSE Oil & Gas index was trading 191.21 points lower at 13,190.16 as Indian Oil (2.22%), Cairn (2%), Reliance (1.38%), HPCL (0.56%) are trading in red.

Pre Session Market

The Indian Market is likely to have a negative opening due to weak global cues. Yesterday, The Indian market closed in red consecutively for the fourth straight trading session. The market opened on a firm note taking cues from the Asian markets but volatility ruled the market through out the trading session. The market gained the momentum towards the mid session but unable to sustain all its gains as the profit booking across the counters prevailed towards the final trading hours of the session.The BSE Sensex closed lower by 167.29 points at 19,700.82 and NSE Nifty fell by 22.55 points to close at 5,913.20. We expect that the market may remain cautious during the trading session.

On Thursday, the US market closed in red. The Dow Jones Industrial Average (DJIA) closed lower by 306.95 points at 12,159.21. S&P 500 index slipped by 39.95 points to close at 1,333.25 and NASDAQ dropped by 47.69 points to close at 2,346.90

Indian ADRS closed in red. In technology sector, Patni Computers fell by 4.21% along with Wipro by 0.32% while Satyam and Infosys grew by 0.09% and 0.05% respectively. In banking sector, ICICI bank and HDFC bank slipped by (5.36%) and (5.27%) respectively. MTNL and VSNL dropped by (4.93%) and (3.16%) respectively.

The major stock markets in Asia are trading weak. Hang Seng is trading lower by 826.33 points at 24,288.65 along with Japan''s Nikkei trading down by 387.67 points at 13,395.78 and Taiwan Weighted is trading at 7,979.74 down by 121.89 points.

On Thursday, the FIIs stood as net seller both in equity and debt. The gross equity purchased was Rs4,662.30 Crore and the gross debt purchased was Rs81.80 Crore while the gross equity sold stood at Rs6,941.90 Crore and gross debt sold stood at Rs182.50 Crore. Therefore, the net investment of equity reported was (Rs2,279.60 Crore) and net debt was (Rs100.80 Crore).

Today, Nifty has support at 5,771 and resistance at 5,967 and BSE Sensex has support at 19,169 and resistance at 19,936.

Post Session Market

The Indian market closed in red consecutively for the fourth straight trading session. The market opened on a firm note taking cues from the Asian markets but volatility ruled the market through out the trading session. The market gained the momentum towards the mid session but unable to sustain all its gains as the profit booking across the counters prevailed towards the final trading hours of the session. The Mid Caps and Small Caps remained in the limelight as they outperformed the benchmark indices by showing most buying from these baskets. The BSE Sensex closed lower by 167.29 points at 19,700.82 and NSE Nifty fell by 22.55 points to close at 5,913.20. The BSE Mid Cap and Small Cap closed higher by 72.81 points and 218.08 points at 9,340.01 and 12,740.29 respectively.

BSE Metal index closed up by 126.75 points at 18,147. Scrips that grew are Nalco (7.42%), Welspun Guj (4.93%), Bhushan Steel (2.85%), Ispat (2.28%), Jindal Steel (2.09%).

BSE Capital Goods index grew by 258.02 points to close at 18,931.82. Scrips that advanced are Siemens (4.26%), L&T (2.20%), Thermax Ltd (2.19%), BHEL (1.72%)

BSE FMCG index closed up by 41.29 points at 2,347.27. Scrips that pushed up are ITC (3.98%), Godrej Cons (1.60%), HUL (1.09%), GlaxoSmithKline Cons (0.68%), Tata Tea (0.62%) .

BSE Realty index closed lower by 62.12 points at 12,763.19 as DLF (3.71%), Ansal Infra (1.73%), Phoenix Mill (1.18%), Indbul Real (0.47%) and Purvankara (0.34%) closed lower.

BSE Bankex index dropped by 192.71 points to close at 11,971.14 as ICICI bank (3.46%), CentBOP (1.75%), HDFC bank (1.72%), Federal bank (1.55%) and Andhra bank (0.44%) closed in red.

BSE Oil & Gas index fell by 268.76 points to close at 13,381.37. Scrips that dropped are reliance industries (3.30%), Aban Offshore (2.85%), HPCL (1.83%), IOCL (1.65%)

BSE IT index slipped by 29.34 points to close at 3,853.54 as Patni Comp (5.13%), Mphasis (2.69%), TCS (2.31%), GTL Ltd (2.10%), Satyam (1.95%) and I-Flex (0.92%) closed lower.

Mid Session Market

The market has recovered from the day''s low as significant buying witnessed in the selective scrips mainly led by the Metal, Capital Goods and Consumer Durables stocks. The broader has outperformed the benchmark index today and is trading with significant gain. The overall market breadth remains positive, as 1,893 stocks are advancing while 774 stocks are declining and the 43 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 114 points at 9,381 and the BSE small Cap advanced by 241 points to trade at 12,763.

At 12.32 pm, BSE Sensex was at 19,848 down by 20 points whereas Nifty was at 5,958.95 up by 23.20 points.

BSE Capital goods index surged 334.16 points to 19,007.96. The main gainers are L&T (2.83%), Siemens (2.48%), BHEL (1.95%) and ABB (1.48%).

BSE Metal index grew by 184.65 points to trade at 18,204.90. The major gainers are NALCO (4%), Jindal Steel (3.68%), Ispat Industries (3.45%) and JSW Steel (2.43%).

BSE Power index advanced by 24.40 points to trade at 4,486.73 as Reliance Energy (2.36%), Power Grid (2.13%), Torent Powet (1.64%) and NTPC (1.41%) trading in green.

BSE IT index improved marginally by 5.05 points to trade at 3,887.93 as HCL Tech. (1.73%), Wipro (1.64%), Infosys (1.46%) and I-flex (0.72%) trading in green.

Infosys BPO a subsidiary of Infosys technologies was hoping to bag at least four outsourcing deals between $50million and $150mn each within the next six months.

BSE Health Care index increased by 35.18 points to trade at 4,160.58 as Glaxosmith (2.92%), Glenmark Parma (2.44%), Ranbaxy (1.51%) and Biocon (1.29%) are trading higher.

BSE Banks index dropped by 171.58 points to trade at 11,992.27. The top losers are ICICI Bank (2.57%), HDFC Bank (1.92%), AXIX Bank (1.89%), and Federal Bank (1.53%) are trading lower.

BSE Oil & Gas index was trading 110.55 points lower at 13,539.58 as Reliance (1.28%) and ABAN Off Shore (1.52%) are trading in red while Cairn (2.65%) and ONGC (1.98%) are trading higher.

Pre Session Market

The Indian Market is likely to have a positive opening as the Asian market is trading higher. Yesterday, the Indian market closed in the negative territory on the back of heavy profit booking across the counters. The market opened in red backed by negative cues from the global markets and drifts down further since the opening bell. The market faced the bloodbath due to heavy selling pressures. But buying at the lower levels led the market to cover up some of its lost points towards the end of the session. The BSE Sensex closed lower by 382.98 points at 19,868.11 and NSE Nifty fell by 138.5 points to close at 5,935.75. We expect that the market may remain volatile during the trading session.

On Wednesday, the US market closed in negative. The Dow Jones Industrial Average (DJIA) closed lower by 34.95 points at 12,466.16. S&P 500 index slipped by 7.75 points to close at 1,373.20 and NASDAQ dropped by 23 points to close at 2,394.59Indian ADRS closed in negative. In technology sector, Satyam fell by (5.41%) along with Patni computers (5.36%), Wipro (2.64%) and Infosys (1.15%). In banking sector, HDFC bank slipped by (5.24%) while ICICI bank grew by 0.33%. VSNL and MTNL dropped by (7.88%) and (6.70%) respectively. Sterlite industries decreased by (6.71%).

The major stock markets in Asia are trading firm. Hang Seng is trading higher by 400.48 points at 24,851.33 along with Japan''s Nikkei is trading up by 152.44 points at 13,656.95 and Seoul Composite is trading at 1,712.96 up by 7.99 points.

On Wednesday, the FIIs stood as net buyer both in equity and debt. The gross equity purchased was Rs5,209.90 Crore and the gross debt purchased was Rs249.10 Crore while the gross equity sold stood at Rs4,984.10 Crore and gross debt sold stood at Rs45.10 Crore. Therefore, the net investment of equity reported was Rs225.80 Crore and net debt was Rs204 Crore.

Today, Nifty has support at 5,842 and resistance at 6,027 and BSE Sensex has support at 19,521 and resistance at 20,189.

Post Session Market

The Indian market closed in theJustify Full negative territory on the back of heavy profit booking across the counters. The market opened in red backed by negative cues from the global markets and drifts down further since the opening bell. The market faced the bloodbath due to heavy selling pressures that led the BSE Sensex to fell more than 700 points during the trading session. But buying at the lower levels led the market to shed some of its points towards the end of the session. The BSE Sensex touched an intraday high of 20,079 and low of 19,513. Even the Small caps and Mid caps were the most hit as they close with a heavy loss of 233.08 points and 164.69 points at 12,522.21 and 9,267.20 respectively. The BSE Sensex closed lower by 382.98 points at 19,868.11 and NSE Nifty fell by 138.5 points to close at 5,935.75.

BSE Metal index dropped by 590.38 points to close at 18,020.25. Scrips that slipped are Sterlite inds (6.21%), JSW Steel (5.35%), Gujarat NRE (4.13%), Bhushan Steel (4.08%).

BSE Realty index closed lower by 596.18 points at 12,825.31 as Omaxe Ltd (9.49%), Unitech (6.20%), Indbul Real (5.34%), DLF (4.12%) closed in red.

BSE Bankex index slipped by 94.57 points to close at 12,163.85 as HDFC bank (6.12%), Axis bank (3.59%), Yes bank (3.03%), Canara bank (2.94%) closed lower.

BSE Oil & Gas index fell by 206.35 points to close at 13,650.13. Scrips that dropped are Cairn India (3.56%), Aban Offshore (2.24%), Reliance industries (2.01%), ONGC (1.88%) .

BSE Capital Goods index declined by 473.11 points to close at 18,673.80. Scrips that fell are BEML (4.47%), BHEL (4.42%), AIA Engi (4.34%), Areva (3.74%), ABB (2.73%) and L&T (1.78%).

BSE Power index dropped by 169.94 points to close at 4,462.33 as Tata Power (5.63%), NTPC (5.55%), Reliance Energy (4.14%), Suzlon Energy (3.06%) and GVK Power (2.22%) closed lower.

BSE IT index slipped by 27.87 points to close at 3,882.88. Scrips that tumbled are Niit Tech (4.21%), GTL Ltd (3.86%), Patni Computers (3.19%), Satyam (2.09%)

Mid Session Market

The market has lost further momentum and slipped into deep red as strong selling continued across the board. All the BSE indices are in red mainly led by the Metal, Capital Goods, Realty and Oil & Gas stocks. The BSE Sensex has lost more than 400 points. The overall market breadth remains negative, as 474 stocks are advancing while 2,206 stocks are declining and the 31 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 174.12 points at 9,257.77 and the BSE small Cap slipped by 259.82 points to trade at 12,495.47.

At 12.31 pm, BSE Sensex was at 19,791.69 down by 459.40 points whereas Nifty was at 5,899.45 down by 174.80 points.

BSE Banks index dropped by 150.20 points to trade at 12,108.22. The top losers are HDFC Bank (5.61%), Allahabad Bank (3.10%), PNB (2.74%) and AXIX Bank (2.45%) are trading lower.

BSE Metal index slipped by 605.35 points to trade at 18,005.28. The major losers are Sterlite Industries (6.42%), Gujarat NRE (4.81%), Tata Steel (3.90%) and JSW Steel (3.97%).

BSE Oil & Gas index was trading 237.87 points lower at 13,618.61 as Cairn India (3.33%), RPL (1.82%) and ONGC (0.94%) are trading in red.

BSE Capital goods index dropped 439.36 points to 18,707.55. The main losers are ABB (3.97%), BHEL (3.89%), L&T (2.19%) and Siemens (2.04%).

BSE Auto index decreased by 94.81 points to trade at 5,240.49. Leading to its fall are Maruti Suzuki (3.79%), Tata Motors (3.64%), Mahindra & Mahindra (2.18%), Bajaj Auto (1.30%) and Hero Honda (0.14%).

BSE Power index slipped by 139.04 points to trade at 4,493.23 as Tata Power (4.59%), Reliance Energy (3.64%), NTPC (3.28%) and Suzlon Energy (2.88%) trading in red.

BSE IT index dropped by 17.58 points to trade at 3,893.21 as Wipro (2.61%), HCL Tech. (2.53%), and Infosys Technologies (0.13%) trading in red.

BSE Health Care index decreased by 31.53 points to trade at 4,133.51 as Ranbaxy (1.53%), Sun Pharma (1.45%), Cipla (0.49%) and GSK (0.48%) are trading lower.

Pre Session Market

The Indian market is likely to have negative opening due to weak cues from the global markets. Yesterday after having a good start, the market suffered heavy profit booking and cash withdrawal by the investors at a greater volume due to heavy cash outflow from the market for the country''s biggest IPO Reliance Power Ltd. The IPO got a very good response as it subscribed nearly 10 times on the first day of its opening itself. The benchmark indices Sensex closed with heavy loss of 476.96 points at 20,251.09 and Nifty ended lower by 132.55 points to close at 6,074.25. We expect that the market may remain cautious during the trading session.

On Monday, the US market closed in green. The Dow Jones Industrial Average (DJIA) closed higher by 171.85 points at 12,778.15. S&P 500 index grew by 15.23 points to close at 1,416.25 and NASDAQ advanced by 38.36 points to close at 2,478.30.

Indian ADRS closed in negative. In technology sector, Wipro fell by 4.81% along with Patni Computers by 4.49%, Satyam 4.28% and Infosys 3.12%. In banking sector, ICICI bank and HDFC bank slipped by (7.51%) and (7.15%) respectively. VSNL and MTNL decreased by (3.45%) and (0.30%) respectively. Sterlite industries dropped by (8.33%).

The major stock markets in Asia are trading weak. Hang Seng is trading lower by 850.52 points at 24,987.26 along with Japan''s Nikkei is trading down by 130.70 points at 13,841.93 and Taiwan Weighted is trading at 8,316.69 down by 112.15 points.

On Tuesday, the FIIs stood as net buyer both in equity and debt. The gross equity purchased was Rs4521.50 Crore and the gross debt purchased was Rs241.90 Crore while the gross equity sold stood at Rs4347.20 Crore and gross debt sold stood at Rs119.40 Crore. Therefore, the net investment of equity reported was Rs174.40 Crore and net debt was Rs122.40 Crore.

Today, Nifty has support at 5,947 and resistance at 6,119 and BSE Sensex has support at 19,886 and resistance at 20,438.

Post Session Market

The Indian market closed mixed as the Nifty closed up with marginal gains while BSE Sensex closed on a negative note. The market opened on a firm note on the back of heavy buying across the counters but was unable to sustain its gains. A lot of volatility was seen in today''s trading session as the investor''s took calculated steps in booking their positions. However, the Small Caps and Mid Caps stocks that faced the downturn for the last so many trading session remained in the limelight today as most buying was seen from these baskets. The BSE Small cap and Mid Caps closed with hand some gain of 168.37 points and 98.42 points at 12,862.39 and 9,536.90 respectively. The BSE Sensex closed lower by 99.40 points at 20,728.05 and NSE Nifty grew by 6.7 points to close at 6,206.80.

BSE Metal index closed higher by 105.40 points at 18,856. Scrips that grew are Jindal Steel (7.20%), Gujarat NRE (6.82%), Jindal Stainless (4.05%), JSW Steel (2.56%).

BSE Realty index closed up by 164.27 points at 13,647.15. Scrips that jumped are Anant Raj (12.15%), Mahindra Life (4.11%), HDIL (2.81%), Parsvnath (1.54%) and Unitech (1.05%).

BSE Bankex index increased by 79.84 points to close at 12,558.80 as Axis bank (8.37%), BOB (5.35%), IOB (4.32%), Andhra Bank (3.69%), BOI (3.22%), HDFC Bank (1.45%) closed higher.

BSE Oil & Gas index grew by 294.33 points to close at 14,126.83. Scrips that advanced are BPCL (7.42%), RNRL (7.14%), HPCL (4.75%), Reliance Inds (2.82%), RPL (2.50%) and Essar Oil (1.09%).

BSE Capital Goods index inched up by 35.47 points to close at 19,521.35. Scrips that grew are Jyoti Structures (3.69%), AIA Eng (2.27%), Alstom Projects (1.47%) and BHEL (1.59%).

BSE Health Care increased by 13.60 points to close at 4,196.54 as Glenmark (5.75%), Fortis Health (4.42%), Lupin (4.13%)

BSE IT index slipped by 116.82 points to close at 3,987.06. Scrips that fell are Karut Net (4.99%), Wipro (5.05%), Infosys (3.16%), TCS (2.86%), Satyam (2.76%).

Mid Session Market

The market is trading on the back foot and the investors are taking calculated steps in booking their positions. The volatility gripped the market since the initial start of the session. The BSE Mid Cap and Small Cap are seems to attract investor''s confidence as most buying is seen from these baskets. The overall market breadth is positive, as 1536 stocks are advancing while 1210 stocks are declining and the 28 stocks remained unchanged on BSE.

The BSE Mid cap is up by 71.78 points at 9,510.26 and BSE small Cap is higher by 164.84 points to trade at 12,858.86.

At 12.38 pm, BSE Sensex is trading lower by 86 points at 20,741whereas Nifty is trading at 6,189.65 down by 10.45 points.

BSE Banks index grew by 105.64 points to trade at 12,584.60. Pushing it are IOB (5.83%), BOI (3.76%), Allahabad bank (3.65%), BOB (3.47%), Andhra bank (3.02%) and SBI (2.89%).

BSE Metal index is trading higher by 227.45 points at 18,978.05. The major gainers are Gujarat NRE (3.89%), Jindal Stainless (3.24%), JSW steel (2.99%), Sterlite Inds (1.58%) and Hindalco (1.01%).

BSE Oil & Gas index is trading up by 223.95 points at 14,056.55 as RNRL (6.11%), BPCL (3.54%), HPCL (3.02%), IOCL (1.78%), Reliance industries (1.53%) and RPL (1.48%) are trading in positive.

BSE Realty index is trading higher by 102.93 points at 13,585.81 as Penland (7.56%), Anant Raj (7.50%), Parsvanath (3.15%), Phoenix mill (0.99%) and Sobha Dev (0.97%) closed in green.

BSE IT index is trading lower by 72.95 points at 4,030.93 as Karut Net (4.99%), Wipro (3.49%), Infosys (2.73%), TCS (2.43%), HCL Tech (1.73%) and Aptech (1.50%) closed in red.

Pre Session Market

The Indian market is likely to have positive opening as the Asian Market are trading mixed. On Friday, the Indian market closed on an upbeat note on the back of selective buying across the counters towards the end of the trading session. The market had slipped into the red in afternoon trade from an initial surge on thee back of less than expected industrial production data for the month of November 2007 that rose by 5.3%. The annual inflation, based on the wholesale price index (WPI) remained unchanged at 3.5% in the week ended 29 December 2007. The BSE Sensex closed higher by 245.37 points at 20,827.45 and NSE Nifty grew by 43.15 points to close at 6,200.10. We expect that the market may remain volatile during the trading session.

On Friday, the US market closed in deep red. The Dow Jones Industrial Average (DJIA) closed lower by 246.79 points at 12,606.30. S&P 500 index fell by 19.31 points at 1,401.02 and NASDAQ dropped by 48.58 points to close at 2,439.94

Indian ADRS closed in negative. In technology sector, Infosys fell by (6.30%) along with Satyam by (5.62%) and Wipro by (5.33%). In banking sector, HDFC bank and ICICI bank dropped by (1.18%) and (1.02%) respectively. VSNL decreased by (5.16%).

The major stock markets in Asia are trading mixed. Hang Seng is trading lower by 30.92 points at 26,836.09 and South Korea''s Seoul Composite is trading at 1,766.02 down by 16.25 points while Taiwan Weighted is trading higher by 132.81 points at 8,162.12

On Friday, the FIIs stood as net seller both in equity while net buyer in debt. The gross equity purchased was Rs4,334.20 Crore and the gross debt purchased was Rs580.60 Crore while the gross equity sold stood at Rs4,965 Crore and gross debt sold stood at Rs295.20 Crore. Therefore, the net investment of equity reported was (Rs630.80 Crore) and net debt was Rs285.40 Crore.

Today, Nifty has support at 6,102 and resistance at 6,269 and BSE Sensex has support at 20,467 and resistance at 21,028.

Post Session Market

The Indian market closed on an upbeat note on the back of selective buying across the counters towards the end of the trading session. The market faced the volatility since after the strong start to the session. The market had slipped into the red in afternoon trade from an initial surge on thee back of less than expected industrial production data for the month of November 2007 that rose by 5.3% and was sharply lower than an upwardly revised annual growth of 12% in October 2007. The annual inflation, based on the wholesale price index (WPI) remained unchanged at 3.5% in the week ended 29 December 2007. The BSE Small cap closed with a heavy loss of 164.61 points at 12,694.02 while BSE Mid Cap closed flat. The BSE Sensex closed higher by 245.37 points at 20,827.45 and NSE Nifty grew by 43.15 points to close at 6,200.10.

BSE Metal index slipped by 19.54 points to close at 18,750.60. Scrips that fell are Nalco (3.23%), Bhushan Steel (2.85%), Jindal Stainless (2.55%), Jindal Steel (1.20%) and Hind Zinc (0.63%).

BSE Realty index closed higher by 212.83 points at 13,482.88. Scrips that grew are Ansal Infra (9.27%), DLF (4.71%), Purvankara (1.32%), Indbul Real (1.03%), Akruti City (0.95%) and Unitech (0.39%).

BSE Bankex index surged 434.15 points to close at 12,478.96 as Axis bank (7.46%), ICICI bank (6.13%), BOI (3.80%), Oriental bank (2.63%), HDFC bank (2.47%), Canara Bank (1.60%) and SBI (1.19%).

BSE Oil & Gas index inched up by 303.66 points to close at 13,832.60. Scrips that advanced are Reliance industries (3.34%), GAIL India (3.29%), Aban Offshore (2.60%), ONGC (1.14%), Essar Oil (0.84%).

BSE Capital Goods index fell by 180.18 points to close at 19,485.88. Scrips that dropped are Suzlon energy (3.92%), ABB (2.57%), Bharat Elec (2.35%), Praj inds (2%), SKF India (1.21%).

BSE IT index dropped by 43 points to close at 4,103.88. Scrips that slipped are Karut Net (4.99%), Mosear Baer (4.27%), Tech Mahindra (3.06%), Satyam (2.24%) and Infosys (1.38%).

Mid Session Market

The market is trading higher as significant buying witnessed in the frontline indices mainly led the Bank and Oil & Gas stocks. However, the broader market is still trading lower as heavy selling continue in the Mid Cap and Small Cap stocks. The overall market breadth turns negative, as 498 stocks are advancing while 2235 stocks are declining and the 28 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 89.12 points at 9,351.33 while the BSE small Cap slipped by 260.26 points to trade at 12,598.37.

At 12.31 pm, BSE Sensex was at 20,671.23 up by 89.15 points whereas Nifty was at 6,157.60 up by 0.65 points.

BSE Banks index surged by 321.45 points to trade at 12,366.26. The top gainers are ICICI Bank (5.47%),AXIX Bank (4.01%), Bank of India (1.60%) and HDFC Bank (1.10%) are trading higher.

BSE Metal index grew by 60.51 points to trade at 18,830.65. The major gainers are Gujrat NRE (3.33%), Sterlite Industries (1.17%), Tata Steel (0.92%) and Ispat Industries (0.22%).

BSE Oil & Gas index was trading 163.45 points higher at 13,692.39 as Reliance (2.84%), ONGC (1.93%), BPCL (0.97%) and RPL (0.78%) are trading in green.

BSE Capital goods index dropped 190.60 points to 19,475.46. The main losers are ABB (3.06%), AIA Engineering (2.27%), Praj Industries (2.26%) and Punj Lloyd (1.31%).

BSE Auto index decreased by 9.27 points to trade at 5,431.08. Leading to its fall are MRF (3.93%), Mahindra & Mahindra (2.88%), Hero Honda (1.65%), Ashok Leyland (1.57%) and TVS Motors (0.90%).

BSE Power index declined by 40.18 points to trade at 4,660.45 as Suzlon Energy (3.15%), Tata Power (2.67%), Areva (1.70%) and Power Grid (1.04%) are trading higher.

BSE IT index slipped by 26.60 points to trade at 4,120.28 as HCL Tech. (2.43%), Tech Mahindra (1.62%), Wipro (1.35%), Satyam (1.20%) and Infosys (1.14%) closed in red.

Pre Session Market

The Indian market is likely to have positive opening due to favoring cues from the global markets. Yesterday, the Indian market closed on a deep red note on the back of heavy selling pressures across all the sectoral indices scrips. The market opened with handsome gains and marched to touch an all time high but was unable to retain all its gains at higher levels. The market completely takes a U turn to pare all its gains to close on a weak note. The BSE Mid cap and Small cap were the most hit as most selling was seen from these baskets The BSE Sensex closed lower by 287.70 points at 20,582.08 and NSE Nifty fell by 115.05 points to close at 6,156.95. We expect that the market to gain some grounds during the trading session and declaration of inflation figures by the government will giver further direction to the market.

On Thursday, the US market closed in green. The Dow Jones Industrial Average (DJIA) closed higher by 117.54 points to close at 12,852.85. S&P 500 index closed up by 11.20 points at 1,420.33 and NASDAQ grew by 13.97 points to close at 2,488.50

Indian ADRS closed in positive. In technology sector, Wipro grew by (0.93%) while Satyam advanced by (0.69%). In banking sector, ICICI bank and HDFC bank inched up by (7.70%) and (3.26%) respectively. VSNL increased by (4.27%).

The major stock markets in Asia are trading mixed. Hang Seng is trading higher by 285.41 points at 27,516.27. Taiwan Weighted is trading up by 48.55 points at 8,105.82 while Japan''s Nikkei is trading lower by 115.73 points at 14,272.38.

On Thursday, the FIIs stood as net buyer both in equity and in debt. The gross equity purchased was Rs4,859.70 Crore and the gross debt purchased was Rs677.70 Crore while the gross equity sold stood at Rs4,585.10 Crore and gross debt sold stood at Rs605.70 Crore. Therefore, the net investment of equity reported was Rs274.60 Crore and net debt was Rs72 Crore.

Today, Nifty has support at 6,102 and resistance at 6,261 and BSE Sensex has support at 20,324 and resistance at 20,993.

Post Session Market

The Indian market closed on a deep red note on the back of heavy selling pressures across all the sectoral indices scrips. The market opened with handsome gains and marched to touch an all time high but was unable to retain all its gains at higher levels. The market completely takes a U turn to pare all its gains to close on a weak note. The BSE Mid cap and Small cap were the most hit as they closed lower by 329.54 points and 511.32 points at 9,440.45 and 12,858.63 respectively. The Sensex touched an intraday high of 21,206.77 and low of 20,530 during the trading session. Almost all the sectoral indices closed in negative except bankex index that closed flat. The BSE Sensex closed lower by 287.70 points at 20,582.08 and NSE Nifty fell by 115.05 points to close at 6,156.95.

BSE Metal index declined by 653.58 points to close at 18,770.14. Scrips that dropped are Jindal Stainless (5.14%), SAIL (4.78%), Hindalco Industries (4.78%), NALCO (4.03%)

BSE Realty index closed lower by 296.66 points at 13,270.05. Scrips that fell are Ansal Infrastructure (8.85%), Indiabull Real (6.70%), HDIL (3.62%), Mahindralife (3.17%).

BSE Bankex index increased marginally by 3.76 points to close at 12,044.81 as CentBOP (5.54%), IOB (4.82%), Andhra Bank (4.81%), Canara Bank (4.21%), Kotak Bank (3.82%) a.

BSE Oil & Gas index declined by 288.20 points at 13,528.94. Scrips that fell are HPCL (7.14%), Essar Oil (6.72%), RPL (5.95%), GAIL India (5.65%), BPCL (5.49%) .

BSE Capital Goods index fell by 409.28 points to close at 19,666.06. Scrips that dropped are Praj industries (6.63%), BEML (5%), L&T (2.83%), Alstom projects (3.04%).

BSE Health Care slipped by 119.73 points to close at 4,153.32 as Fortis (6.27%), Divi''s Lab (5.60%), Nicholas Piramal (5.27%), Glenmark (3.41%), Ranbaxy (3.23%) and Cipla (3.18%).

BSE IT index dropped by 108.64 points to close at 4,146.88. Scrips that slipped are Mosear Baer (5.80%), GTL (4.75%), Infosys (3.22%), Satyam (1.81%) and HCL Tech (1.28%).

Mid Session Market

The market is still trading higher as selective buying continued across the board. But the broader market has given up the early morning gain as some selling witnessed in the Mid Cap and Small Cap stocks. The Bank, Realty and Oil 7 & gas stocks are in heavy demand from the opening bell today. The overall market breadth turns negative, as 1135 stocks are advancing while 1669 stocks are declining and the 34 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 26.69 points at 9,796.68 while the BSE small Cap slipped by 16.38 points to trade at 13,353.57.

At 12.31 pm, BSE Sensex was at 21,042.63 up by 172.85 points whereas Nifty was at 9,294.45 up by 22.45 points.

BSE Banks index surged by 338.04 points to trade at 12,379.09. The top gainers are ICICI Bank (5.52%),Yes Bank (3.69%), Federal Bank (1.92%) and HDFC Bank (1.43%) are trading higher.

BSE Metal index grew by 129.23 points to trade at 19,552.95. The major gainers are Gujarat NRE (6.81%), Ispat Industries (3.33%), Jindal Saw (2.99%) and Jindal Steel (1.14%).

BSE Oil & Gas index was trading 120.93 points higher at 13,938.07 as Reliance (1.49%), ONGC (1.35%), Essar Oil (1%) are trading in green.

BSE Capital goods index advanced 49.85 points to 20,125.19. The main gainers are AIA Engineering (2.69%), Punl Lloyd (0.99%), Siemens (0.43%) and Thermax (0.13%).

BSE Auto index increased by 47.87 points to trade at 5,592.02. Leading to its gain are Tata Motors (1.38%), Bajaj Auto (1.10%), Apollo Tyre (0.74%), Exide Industries (0.40%) and Cummins India (0.28%).

BSE IT index improved by 31.37 points to trade at 4,286.89 as I-Flex (1.87%), Infosys (0.81%), TCS (0.59%), Tech Mahindra (0.49%) and Wipro (0.45%) closed in green.

BSE Health Care index decreased by 13.62 points to trade at 4,259.43. Leading the fall are Glaxosmith (3.61%), Nicholas Piramal (1.39%), Ranbaxy (0.84%) and Sun Pharma (0.99%).

Pre Session Market

The Indian market is likely to have positive opening as the cues from the US market is in favor. Yesterday, the market closed on a negative note after coming off sharply from the higher levels in the final trading hours of the session. The Sensex after a flat opening dipped down by taking negative cues from the global markets but managed to recover towards the mid session to touch an intraday high of 21,113.13. The BSE Mid Caps and Small Caps stocks remained out of favor as most selling was seen from these baskets. The BSE Sensex closed with marginal loss of 3.55 points at 20,869.78 and NSE Nifty closed lower by 15.85 points at 6,272. We expect that the market may remain range bound during the trading session and volatility may rule the market.

On Wednesday, the US market closed in positive territory. The Dow Jones Industrial Average (DJIA) grew by 146.24 points to close at 12,735.31 along with S&P 500 index by 18.94 points at 1,409.13 and NASDAQ by 34.04 points at 2,474.55.

Indian ADRS closed in positive. In technology sector, Patni computers rose by 2.84% along with Infosys by 2.07% and Satyam by 0.04%. In banking sector, HDFC bank and ICICI bank grew by (3.49%) and (2.95%) respectively. VSNL inched up by (0.18%).

The major stock markets in Asia are trading mixed. Hang Seng is trading lower by 110.38 points at 27,505.47. Japan''s Nikkei is trading down by 116.94 points at 14,482.22 while Taiwan Weighted is trading up by 70.15 points at 8,155.21.

On Wednesday, the FIIs stood as net buyer both in equity and in debt. The gross equity purchased was Rs5,529.90 Crore and the gross debt purchased was Rs744 Crore while the gross equity sold stood at Rs4,476.50 Crore and gross debt sold stood at Rs86.80 Crore. Therefore, the net investment of equity reported was Rs1053.40 Crore and net debt was Rs657.20 Crore.

Today, Nifty has support at 6,182 and resistance at 6,357 and BSE Sensex has support at 20,548 and resistance at 21,149.

Post Session Market

The Indian market closed on a negative note after coming off sharply from the higher levels in the final trading hours of the session. The Sensex after a flat opening dipped down by taking negative cues from the global markets but managed to recover towards the mid session to touch an intraday high of 21,113.13. The BSE Mid Caps and Small Caps stocks remained out of favor as most selling was seen from these baskets and they closed lower by 47.08 points and 146.18 points at 9,769.99 and 13,369.95 respectively. The Oil & Gas, Metal and CG was the most hit as they closed with heavy losses. The BSE Sensex closed with marginal loss of 3.55 points at 20,869.78 and NSE Nifty closed lower by 15.85 points at 6,272.

BSE Metal index declined by 114.62 points to close at 19,423.72. Scrips that dropped are Sesa Goa (4.02%), Jindal Saw (3.12%), Gujarat NRE (3.98%), JSW Steel (2.98%) and Jindal Stainless (2.25%).

BSE Realty index closed higher by 82.81 points at 13,566.71. Scrips that grew are HDIL (12.19%), Mahindralife (3.84%), Anant Raj Industries (2.21%), DLF (1.59%)

BSE Bankex index slipped by 45.52 points to close at 12,041.05 as Indian Overseas (2.81%), Canara Bank (2.37%), Kotak Bank (2.12%), PNB (2%), Union Bank (1.90%).

BSE Oil & Gas index declined by 234.13 points at 13,817.14. Scrips that fell are RNRL (6.47%), RPL (5.90%), BPCL (5.63%), Essar Oil (3.17%), HPCL (2.25%) and ONGC (1.76%).

BSE Capital Goods index slipped by 139.58 points to close at 20,075.34. Scrips that dropped are Jyothi Structures (4.21%), Kalpataru (3.42%), Areva (3.15%), SKF India (2.71%) and BHEL (2.02%).

BSE Health Care fell by 24.06 points to close at 4,273.05 as Dishman Pharma (6.53%), Fortis Health care (3.13%), Ranbaxy (1.65%), Aventis (1.36%) and Biocon (1.33%) closed lower.

BSE IT index grew by 10.77 points to close at 4,255.52. Scrips that advanced are I-Flex (8.18%), Mphasis (4.21%), Patni Computers (3.41%), Rolta India (1.67%), Mosear Baer (1.63%) and Satyam (0.80%).

Mid Session Market

The market is facing a lot of volatility today. The heavy selling witnessed in the selective scrips mainly led by the Oil & Gas and Realty stocks. The broader market has under performed the benchmark index today as strong selling is seen in the Mid Cap and Small Cap stocks. The overall market breadth turns negative, as 725 stocks are advancing while 2096 stocks are declining and the 22 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 12.62 points at 9,804.45 and the BSE small Cap slipped by 100.47 points to trade at 13,415.66.

At 12.31 pm, BSE Sensex was at 20,901.57 up by 28.24 points whereas Nifty was at 6,290.80 up by 2.95 points.

BSE Capital goods index advanced 65.93 points to 20,280.85. The main gainers are Siemens (1.32%), Punl Lloyd (1.15%), ABB (1.26%) and L&T (0.75%).

BSE Power index inclined by 30.41 points to trade at 4,837.63 as Torent Power (5.52%), NTPC (3.39%), GVK Power (2.07%) and Tata Power (0.49%) are trading higher.

NTPC is trading higher by (2.64%) at Rs272 as the company and BHEL will manufacture power generation equipment in addition to executing projects.

BSE Metal index grew by 33.24 points to trade at 19,571.58. The major gainers are Hindalco Industries (1.53%), NALCO (1.42%), SAIL (1.10%) and Sterlite Industries (0.99%).

BSE IT index improved by 42.77 points to trade at 4,287.52 as I-Flex (6.44%), Mphasis (6.42%), Wipro (1.66%), TCS (1.26%), Infosys (1.20%) and Satyam (1.18%) closed in green.

BSE Banks index slipped by 67.04 points to trade at 12,019.53. The top losers are ICICI Bank (2.13%),PNB (1.73%), Union Bank (1.59%) and Andhra Bank (0.26%) are trading lower.

BSE Auto index decreased by 25.77 points to trade at 5,568.49. Leading to its fall are Ashok Leyland (1.76%), Amtek Auto (1.25%), Tata Motors (0.99%), Mahindra & Mahindra (0.74%)

BSE Oil & Gas index was trading 106.57 points lower at 13,944.70 as RPL (3.28%), ONGC (1.36%), BPCL (1.05%) and Essar Oil (0.83%) are trading in red.

Pre Session Market

The Indian market today is likely to have a negative opening on the back of weak cues from global markets. Yesterday, the Indian market closed with modest gains after facing the volatility throughout the trading session. The market opened with handsome gains but was unable to sustain the momentum at higher levels and fell. But the market came off sharply towards the end of the session to close with marginal gains. The Small Caps and Mid Caps was the worst hit as they faced heavy selling across the counters The BSE Sensex closed higher by 60.68 points at 20,873.33 and NSE Nifty closed up by 8.75 points at 6,287.85. We expect that the market may remain volatile during the trading session.

On Tuesday, the US market closed in negative territory. The Dow Jones Industrial Average (DJIA) declined by 238.34 points to close at 12,589.15 along with S&P 500 index closing lower by 25.99 points at 1,390.19 and NASDAQ fell by 58.95 points to close at 2,440.51

Indian ADRS closed mixed. In technology sector, Patni computers grew by 3.26% along with Wipro by 2.11%, Satyam by 1.27% while Infosys fell by 2.37%. In banking sector, ICICI bank and HDFC bank dropped by (2.92%) and (1.61%) respectively. MTNL and VSNL slipped by (2.54%) and (1.16%) respectively.

The major stock markets in Asia are trading weak. Hang Seng is trading lower by 205.76 points at 26,907.16. Japan''s Nikkei is trading down by 108.81 points at 14,419.86. Singapore Strait Times is trading at 3,319.67 down by 18.60 points.

The FIIs on Tuesday stood as net seller both in equity as well as in debt. The gross equity purchased was Rs4,891.40 Crore and the gross debt purchased was Rs104.60 Crore while the gross equity sold stood at Rs4,972.30 Crore and gross debt sold stood at Rs242.60 Crore. Therefore, the net investment of equity reported was (Rs80.90 Crore) and net debt was (Rs138 Crore).

Today, Nifty has support at 6,162 and resistance at 6,348 and BSE Sensex has support at 20,523 and resistance at 21,091.

Post Session Market

The Indian market closed with modest gains after facing the volatility throughout the trading session. The market opened with handsome gains but was unable to sustain the momentum at higher levels and fell to compensate all its initial gains on the back of heavy selling pressure across the sectoral indices. But the market came off sharply towards the end of the session to close with marginal gains. Metal index remained out of favor as most selling is seen from this basket. The Small Caps and Mid Caps was the worst hit as they faced heavy selling across the counters and they closed lower by 459.06 points and 285.16 points at 13,516.13 and 9,817.07 respectively. The BSE Sensex closed higher by 60.68 points at 20,873.33 and NSE Nifty closed up by 8.75 points at 6,287.85.

BSE Metal index declined by 603.62 points to close at 19,538.34. Scrips that dropped are Ispat industries (6.59%), Nalco (4.74%), Tata Steel (3.66%), Bhushan Steel (3.73%) and Sail (2.93%).

BSE Realty index closed lower by 130.27 points at 13,483.90. Scrips that fell are Penland (5.51%), Indbul Real (4.97%), Parsvnath (4.18%), Mahindra Life (3.67%)

BSE Bankex index slipped by 105.42 points to close at 12,086.57 as Andhra bank (4.93%), CentBOP (4.29%), Allahabad bank (4.31%), Oriental bank (3.33%), BOB (3.24%) and ICICI bank (2.23%).

BSE Oil & Gas index closed higher by 76.97 points at 14,051.27. Scrips that grew are RNRL (7.15%), ONGC (1.69%), Reliance industries (1.16%) and Gail India (0.35%).

BSE Capital Goods index grew by 64.36 points to close at 20,214.92. Scrips that jumped are Suzlon energy (4.77%) and L&T (1.29%).

BSE Health Care fell by 55.77 points to close at 4,297.11 as Fortis Health Care (6.73%), Bilcare (4.62%), Dishman pharma (4.41%), Wockhardt (3.70%), Biocon (3.10%) and Cipla (1.30%).

BSE IT index rose by 49.32 points to close at 4,244.75. Scrips that advanced are Karut Net (4.39%), Satyam (2.67%), Mphasis (2.54%), Tech Mahindra (1.65%), TCS (1.48%) and Infosys (1.47%).

Mid Session Market

The market has slipped from the day''s high and is trading firm. The heavy selling witnessed in the selective scrips mainly led by the Metal and Realty stocks. The Mid Cap and Small Cap stocks are in pressure today as heavy selling is seen in these scrips. The overall market breadth turns negative, as 701 stocks are advancing while 2166 stocks are declining and the 24 stocks remained unchanged on BSE.

Manaksia got listed on the bourses at Rs 180 versus its issue price of Rs 160.

The BSE Mid cap is lower by 139.26 points at 9,962.97 and the BSE small Cap slipped by 237.98 points to trade at 13,737.81.

At 12.31 pm, BSE Sensex was at 20,939.96 up by 127.31 points whereas Nifty was at 6,302.30 up by 23.10 points.

BSE Banks index slipped by 12.78 points to trade at 12,179.21. The top losers are ICICI Bank (1.60%) and PNB (0.87%) are trading lower while SBI (3.29%) and HDFC Bank (3.08%) are trading higher.

HDFC bank is entering investment banking which is highly competitive and hugely profitable business. With its entry into the investment banking space, the Bank has planned to leverage its strong client base in the wholesale banking business

BSE Capital goods index advanced 150.22 points to 20,300.78. The main gainers are L&T (1.49%) and Siemens (1.38%) whereas BHEl (0.36%) and ABB (0.13%) are top losers.

BSE Auto index decreased by 7.06 points to trade at 5,658.66. Leading to its fall are Hero Honda Motors (1.14%), Maruti Suzuki (0.83%) and Tata Motors (0.13%).

BSE Oil & Gas index was trading 131.98 points higher at 14,106.28 as ONGC (2%), GAIL (1.73%) and RPL (0.40%) are trading in green.

BSE Power index inclined by 13.89 points to trade at 4,856.91 as Suzlon Energy (3.73%) is trading higher while Tata Power (2.11%) and NTPC (1.86%) are trading lower.

BSE Metal index dropped by 177.59 points to trade at 19,964.37. The major losers are Hindalco Industries (2.75%), Sterlite Industries (1.59%), SAIL (1.48%) and Tata Steel (1.30%).