Post Session Market

The market recovered significantly towards the final trading hours of the session on the back of heavy buying across the sectoral indices. The opened weak on the back of unfavoring cues from the Asian markets. The market which remained subdued for most of the day get a boost only after the finance minister presentation of the Economy survey report. Some of the main highlights of the survey was like FY''08 economic growth at 8.7% as against 9.6% a year ago followed by Inflation rate to decline from 5.6% in FY''07 to 4.4% in ''08, Farm growth in FY''08 seen at 2.6%, against 3.8% a year ago, Industrial growth slower at 9% in first 9 months of FY''08, Forex reserves up by $91.6 bn to $290.8 bn on Feb 8, 2008, Capital inflows rise to 7.7% of GDP in first half of FY''08 as against 5.1% in FY''07, FDI inflows reach $11.2 bn, outward investments surge to $7.3 bn in April-September, Rupee rose by 8.9% against USD during current fiscal, Exports reach $111 bn in first 9 months of FY''08; Imports grow 25.9%, Allow 100 per cent FDI in Greenfield private agri banks. From the sectoral front, the metal stocks remained the centre of attraction as most buying was seen from these baskets. The BSE Sensex closed flat at 17,824.48 while NSE Nifty closed higher by 16.7 points at 5,285.10. The BSE Mid Cap and Small Cap closed lower by 11.80 points and 5.73 points at 7,711.76 and 9,668.13 respectively.

In BSE Capital Goods index, the major Gainers are BEML (3.43%), BHEL (2.68%), Siemens (2.29%), Punj Lloyd (0.80%) and Praj Industries (0.50%).

In BSE Metal index, NALCO (7.01%), Hindalco Industries (4.03%), SAIL (3.88%), Sterlite Industries (3.93%), Sesa Goa (3.85%) closed in green.

In BSE Oil & Gas index, losers are Reliance (1.97%), HPCL (0.74%), RPL (0.27%) and Cairn India (0.44%).

From the Realty index, Mahindra Life (3.56%), Purvankara (3.05%), DLF (2.37%), Parsvnath (1.68%) and Unitech 1.56% closed lower.