Wednesday, January 9, 2008

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%).

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