Monday, January 7, 2008

Post Session Market

The Indian market closed in the positive territory after struggling a lot throughout the trading session. The market opened on a negative note tracking the weak global cues but managed to recover from the fall on the back of heavy buying at the lower levels. BSE Bankex, Realty and Capital Goods remained the centre of attraction as most buying is seen from these baskets. The BSE Sensex closed higher by 125.76 points at 20,812.65 and NSE Nifty closed up by 4.8 points at 6,279.10. The BSE Mid Cap index closed lower by 10.83 points at 10,102.23 while BSE Small Cap closed higher by 91.08 points at 13,975.19. The market breadth was strong as 1572 stocks closed in green while 1338 stocks closed in red.

BSE Realty index surged by 328.88 points to close at 13,614.17. Scrips that pushed up are Parsvnath (8.52%), IndiaBull Real (6.45%), Unitech (2.54%), DLF (2.09%), Akruti City (0.97%) and Penland (0.28%).

BSE Bankex index closed higher by 286.93 points 12,191.99. Scrips that gained are IOB 7.41%, ICICI bank 6.11%, CentBOP 3.81%, Axis bank 3.13%, Yes bank 1.38% and SBI (0.51%).

BSE Oil & Gas index advanced by 57.26 points to close at 13,974.30 as RNRL 9.15%, RPL 2.60%, Essar Oil 1.89% and Reliance industries 1% closed higher.

BSE Metal index fell by 155.55 points to close at 20,141.96. Scrips that fell are Ispat industries by 3.63%, Gujarat NRE 3.06%, JSW Steel 2.94%, Jindal Steel 2.31% and Jindal Stainless 1.86%.

BSE Capital Goods index rose by 121.32 points to close at 20,150.56 as Suzlon Energy 6.80%, Siemens 3.49%, Elecon Eng 3.43%, Jyothi Struc 1.99% and Alstom Projects 1.05% closed higher.

BSE Health Care fell by 41.30 points to close at 4,352.88. Scrips that dropped are Dishman pharma 5.56%, Glenmark 3.71%, Dr Reddy lab 2.25% and Biocon 1.86%.

BSE IT index slipped by 123.71 points to close at 4,195.43. Scrips that fell are HCL Tech 4.68%, Infosys 3.35%, Tech Mahindra 3.11%, NIIT 3.06% and TCS 2.88%.

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