Thursday, January 3, 2008

Post Session Market

The market closed he session a negative territory after struggling a lot through out the trading session. The cues from the global markets are not in favor that led the domestic market to open a weak note but it shortly managed to make a turnaround from the lower levels by pairing all its initial losses. But the market was unable to sustain at higher level as the cautiousness prevailed in the market that led the investors to take calculated steps in booking their positions. However the Mid caps and Small Caps indices hit their lifetime high. The Oil and Gas and PSU remained the centre of attraction while Bankex, Realty and CG remained out of favor. The BSE Sensex closed lower by 120.10 points at 20,345.20 and NSE Nifty closed flat at 6,178.55. Both Small Caps and Mid Caps indices closed lower by 2.07 points and 12.26 points at 10,056.87 and 13,896.71 respectively.

BSE Bankex index fell 200.01 points to close at 11,670.48. Scrips that slipped are Kotak Bank (3.44%), ICICI Bank (3.03%), Centurion Bank of Punjab (2.83%), Yes Bank (1.62%), Allahabad Bank (1.25%)

BSE Realty index dropped 173.85 points to close at 13,245.82. Scrips that fell are Mahindra Life (3.47%), Unitech (3.01%), Purvankara (3%), Ansal Infrastructure (2.34%) .

BSE Oil & Gas index grew by 211.14 points to close at 13,602.26 as HPCL (6.75%), BPCL (4.95%), Cairn India (4.75%), RNRL (3.93%) and ONGC (2.88%) closed lower.

BSE Metal index decreased by 162.68 points to close at 19,998.17. Scrips that declined are SAIL (3.49%), Sterlite industries (2.29%), Hind Zinc (2.87%), Ispat (2.29%) and Hindalco (2.12%).

BSE Power index closed higher by 147.81 points at 4,806.12. Scrips that gained are Torrent Power (20%), NTPC (7.56%), Tata Power (4.38%), Reliance Energy (6.42%) and GVK Power (2.96%).

BSE IT index fell 87.39 points to close at 4,363.63. Scrips that pulled down are Educomp (4.27%), Wipro (3.03%), TCS (2.95%), Satyam (2.31%), Infosys (2.08%), I-Flex (2%) and HCL Tech (1.10%).

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