Post Session Market

The market closed in a deep red territory backed by the weak cues from the global markets. The market opened on a sad note and kept on hovering in the negative territory throughout the trading session. The Asian market which opened befor the Indian market were trading in red that led the domestic market to open with heavy gap down. Also the report by the Institute of Chartered Accountants of India (ICAI), that cited that the companies have to disclose losses on a mark-to-market basis incurred due to derivatives trades from the current financial year onwards (year ending March 2008) and this was as a precursor to making a new accounting standard mandatory from April 2011. This led to the negative sentiments among the investors in the market. From, the sectoral front, all the sectoral indices closed in red.

The BSE Sensex closed lower by 726.85 points at 15,644.44 and NSE Nifty fell by 207.5 points at 4,734.50. The BSE Mid Caps and Small Caps also closed lower by 94.97 points and 60.36 points at 6,427.82 and 7,841.62 respectively

The market breadth was little strong as 1,365 stocks closed in green as against 1,291 stocks that closed in red.

The BSE Realty index closed lower by 430.12 points at 7,554.80 as HDIL (8.68%), DLF (7.07%), Phoenix mill (6.04%), Unitech (5.31%), Ansal Infra (5.29%), Omaxe (3.88%), Indbull Real (3.56%) and Akruti City (2.70%) closed in red.

The Metal index declined by 631.63 points to close at 14,022.56. Major losers are Bhushan Steel (8.23%), Gujrat NRE (8.20%), SAIL (6.46%), Hindalco Inds (6.10%), Sterlite Inds (5.61%) and Tata Steel (3.29%).

The Bankex index fell by 482.63 points to close at 7,717.61 as ICICI bank (7.79%), Yes bank (7.61%), BOI (7.11%), Kotak bank (6.35%), HDFC bank (5.79%), BOB (5.77%), Oriental bank (4.87%) and SBI (4.81%) closed lower.

The Capital Goods index dropped by 446.42 points to close at 14,009.02. Losers are Siemens (6.77%), Punj Lloyd (6.48%), Jyoti Structures (5.92%), Crompton Greaves (4.35%), L&T (3.89%), BEML (3.88%), AIA Engineering (1.96%) and ABB (1.84%).

The Oil and Gas index slipped by 450.79 points to close at 10,016.82 as Essar Oil (7.94%), ONGC (6.68%), RNRL (5.41%), BPCL (5.19%), Reliance Inds (3.54%), RPL (3.37%), HPCL (2.81%).

The IT index decreased by 210.42 points to close at 3,547.61. Scrips that fell are HCL Tech (6.93%), TCS (6.80%), Wipro (6.32%), Infosys (6.30%), Aptech (6.03%), Satyam (3.40%).

From the Power index, Reliance Energy 6.19%, GMR Infra (4.73%), Reliance Power (4.90%), NTPC (3.55%), Tata Power (3.24%) and GVK Power (2.08%).

Mid Session Market

The market is still trading weak with a deep cut on account of selling pressure continued across the board. The frontline indices are facing the maximum pressure today and have under performed the broader market. The BSE Sensex has is trading around the 16000 mark and the NSE Nifty is trading in positive and hovering around the 4800 mark. The significant buying witnessed in the Metal, IT and Capital Goods stocks.
Inflation number which came up at 6.68% for the week ended March 15 as compared to 5.92% in the last week.

The overall market breadth is negative, as 1476 stocks are advancing while 959 stocks are declining and the 43 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 87.27 points at 6,363.53 and the BSE small Cap advanced by 191.95 points to trade at 7,718.73.

At 12.50 pm, BSE Sensex was at 16,039.52 up by 23.96 points and Nifty was at 4,843.80 up by 13.55 points.

BSE Health Care index inclined by 8.06 points to trade at 3,863.07 as Aventis Pharma (4.71%), Nicholas Piramal (2.92%), Pfizer (2.14%), Cipla (1.24%) and Dr.Reddy (0.72%) are trading in positive.
Cipla has developed a combination of drugs including the medicines for allergic rhinitis, asthama and cardiac-problems for the developed markets. The company expects to bring the allergic rhinitis drug into the market next year and the other two combination drugs in the asthama and cardiac are expected by 2010.

BSE Metal index dropped by 339.72 points to trade at 14,314.47. The major losers are Sterlite Industries (4.09%), SAIL (3.55%), NALCO (0.86%) and Hindalco Industries (0.57%).

BSE Capital goods index slipped by 364.22 points to 14,091.22. The main losers are L&T (3.84%), BHEL (3.53%), Siemens (2.87%).

BSE Banks index slipped by 337.08 points to trade at 7,863.16. The top losers are HDFC Bank (5.90%), ICICI Bank (5.50%), PNB (3.21%) and SBI (2.98%).

BSE Oil & Gas index was trading 204.19 points lower at 10,263.42 as Cairn India (4.37%), GAIL India (2.94%), BPCL (2.75%) and ONGC (2%) are trading in red.

BSE Power index decreased by 61.67 points to trade at 3,240.31 as Tata Power (2.96%), Reliance Energy (2.10%), NTPC (1.96%) and Suzlon Energy (1.48%) are trading in negative.

BSE IT index fell by 183.59 points to trade at 3,574.44 as Infosys Technologies (6.38%), HCL Technologies (5.54%), TCS (5.28%) and Satyam Computer (4.16%) are trading in red.

BSE Auto index declined by 45.13 points to trade at 4,534.94. Leading to its fall are Tata Motors (2.63%), Maruti Suzuki (1.43%) and Mahindra & Mahindra (0.72%).

Pre Session Market

The Indian Market is likely to have a negative opening today as the cues from the global markets are not in favor. On Friday, The Indian market made a smart turnaround after the mid session to close with handsome gains on the back of heavy buying across all the sectors. Tracking the favoring cues from the Asian market, the domestic market opened on a firm note but lost the grip towards the mid session on the back of weak inflation data that grew to its 13 month high of 6.68% in the week ended March 15 from the previous week rise of 5.92%. But the market gathered the momentum after the mid session to recover from the fall and kept on marching forward till the final closing of the session. From, the sectoral front, all the sectoral indices closed in green while the metal, capital goods and realty index saw more buying by the investors. The BSE Sensex closed higher by 355.73 points at 16,371.29 and NSE Nifty closed up by 111.75 points at 4,942. We expect that the market lose some grounds during the trading session.

On Friday, the US market closed in negative. The Dow Jones Industrial Average (DJIA) closed lower by 86.06 points at 12,216.40 along with S&P 500 (SPX) index fell by 10.54 points to close at 1,315.22 and NASDAQ Composite (RIXF) dropped by 19.65 points to close at 2,261.18.

The Indian ADRS closed mixed. In technology sector, Patni Computers grew by 0.81% along with Wipro by 0.80% and Satyam by 0.35%. In banking sector, ICICI bank advanced by (0.28%) while HDFC bank dropped by (1.03%). In telecommunication sector, Tata Communication increased by 1.18% while MTNL slipped by (0.20%). Tata Motors grew by (1.02%).

Today the major stock markets in Asia are trading mixed. Hang Seng is trading lower by 260.23 points at 23,025.72 along with Japan’s Nikkei trading down by 192.64 points at 12,627.83 and Taiwan Weighted trading at 8,520.84 down by 102.64 points.

The FIIs on Friday stood as net buyer in equity while the net seller in debt. The gross equity purchased was Rs4,861.10 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs4,430.40 Crore and gross debt sold stood at Rs76.10 Crore. Therefore, the net investment of equity reported was Rs430.70 Crore and net debt was (Rs76.10 Crore).

Today, Nifty has support at 4,821 and resistance at 4,997 and BSE Sensex has support at 15,923 and resistance at 16,618.

Post Session Market

The Indian market took a big leap after the mid session to close with handsome gains on the back of heavy buying across all the sectors. Tracking the favoring cues from the Asian market, the domestic market opened on a firm note but lost the grip towards the mid session on the back of weak inflation data that grew to its 13 month high of 6.68% in the week ended March 15 from the previous week rise of 5.92%. But the market gathered the momentum after the mid session to recover from the fall and kept on marching forward till the final closing of the session. From, the sectoral front, all the sectoral indices closed in green while the metal, capital goods and realty index saw more buying by the investors.

The BSE Sensex closed higher by 355.73 points at 16,371.29 and NSE Nifty closed up by 111.75 points at 4,942. The BSE Mid Caps and Small Caps also closed higher by 246.53 points and 375.20 points at 6,522.79 and 7,901.98 respectively

The market breadth was very strong as 2,333 stocks closed in green as against 370 stocks that closed in red.

Major gainers from the Sensex pack are Tata Steel 9.46%, L&T 6.19%, Infosys 5.94%, Wipro 5.56%, BHEL 5.37%.

The BSE Realty index closed up 333.63 points to close at 7,984.92 as HDIL 18.55%, Akruti City 15.01%, Mahindra Life 9.66%, Purvankara 8.04%, Indiabull Real 4.04%, Ansal Infra 4.03% closed higher..

The Metal index surged 800.21 points to close at 14,654.19. Major gainers are Jindal Steel 15.91%, Tata Steel 9.46%, Sterlite Inds 5.18%, Welspun Guj 7.12%, Ispat Inds 5.70% and Jindal saw 4.48%.

The Bankex index closed with marginal gains of 23.58 points at 8,200.24 as Oriental bank 3.92%, BOB 3.63%, Andhra bank 3.51%, Canara bank 2.69%, IOB 1.99%, Union bank 1.85%, SBI 1.77% closed in green.

The Capital Goods index grew by 740.70 points to close at 14,455.14. Gainers are Suzlon energy 12.57%, Alsotom projects 7.47%, Praj Inds 6.96%, L&T 6.19%, Punj Lloyd 5.90%, AIA Engineering 5.76% and BEML 3.76%.

The Oil and Gas index closed up by 306.63 points at 10,467.61 as Cairn India 6.95%, BPCL 5.47%, Essar Oil 5.40%, RNRL 5.35%, RPL 4.69%, Aban Offshore 3.93%, Reliance Inds 3.19% and HPCL 2.51% closed in positive.

The IT index increased by 178.28 points to close at 3,758.03. Scrips that gained are Mosear Baer 20.01%, Finance Tech 11.26%, Mphasis 10.65%, Patni Comp 10.06%, Infosys 5.94%, Wipro 5.56% and Tech Mahindra 5.25%.

From the Power index, Suzlon energy 12.57%, Torrent Power 8.27%, Tata Power 3.56%, Bhel 5.37%, GMR infra 4.55% and Reliance Power 1.72% closed higher.

Mid Session Market

The market is trading higher on the back of selective buying in scrips. The broader market has maintained their opening gains and has outperformed the benchmark index. The BSE Sensex has is trading around the 16000 mark and the NSE Nifty is trading in positive and hovering around the 4800 mark. The significant buying witnessed in the Metal, IT and Capital Goods stocks.
Inflation number which came up at 6.68% for the week ended March 15 as compared to 5.92% in the last week.

The overall market breadth is positive, as 1989 stocks are advancing while 495 stocks are declining and the 41 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 87.27 points at 6,363.53 and the BSE small Cap advanced by 191.95 points to trade at 7,718.73.

At 12.50 pm, BSE Sensex was at 16,039.52 up by 23.96 points and Nifty was at 4,843.80 up by 13.55 points.

BSE Metal index surged by 216.57 points to trade at 14,070.55. The major gainers are Tata Steel (4.89%), Sterlite Industries (1.53%), NALCO (1.09%).

BSE Capital goods index advanced by 145.45 points to 13,860.19. The main gainers are L&T (1.89%), BHEL (1.06%), ABB (0.68%) and Siemens (0.30%).

BSE Banks index slipped by 224.15 points to trade at 7,952.51. The top losers are ICICI Bank (4.31%), PNB (4.02%), HDFC Bank (3.91%) and SBI (1.15%).

BSE Health Care index inclined by 29.87 points to trade at 3,816.07 as Pfizer (2.96%), Fortis Health (2.19%), Cipla (2.29%), Dr. Reddy (1.70%) and Divi’s Lab (0.79%) are trading in positive.

BSE Oil & Gas index was trading 72.27 points lower at 10,088.71 as ONGC (2.50%) and Reliance (0.53%) are trading in red while Cairn India (3.42%), ABN Offshore (2.03%), GAIL India (1.70%) and Essar Oil (1.59%) are trading in green.

BSE Power index increased by 33.51 points to trade at 3,203.65 as Suzlon Energy (4.34%), Torent Power (3.68%), Reliance Energy (1.68%) and GVK Power (1.90%) are trading in positive.

BSE IT index grew by 58.43 points to trade at 3,638.18 as Patni Computer (4.38%), Infosys Technologies (1.96%), Satyam Computer (1.68%) and TCS (1.01%) are trading in green.

BSE Auto index slipped by 37.80 points to trade at 4,494.88. Leading to its fall are Mahindra & Mahindra (1.90%), Tata Motors (1.63%), Maruti Suzuki (0.88%) and Bharat Forge (1.01%).

Pre Session Market

The Indian Market is likely to have a negative opening today due to unfavoring cues from the global markets. On Thursday, the Indian market closed on a mixed note with NSE Nifty closed with marginal gains while Sensex closed in negative. Also, the global concerns February durables goods report by the US government raised fresh doubts about the economy of US. As per the commerce department, the durables goods fell 1.7%, which was the second monthly fall in a row. Also, the sales of new homes fell b1.8% in February for the fourth consecutive month as the steep slump in housing continued. Also, the expiry of the derivatives contract today adds to the sentiment. From the sectoral front, the Realty and Metal index remained in the limelight as most buying was witnessed from these baskets. While the Mid Cap and Small Cap, which faced the selling pressures at the initial session managed to recover from the fall to post good gains. The BSE Sensex closed lower by 71.27 points at 16,015.56 while NSE Nifty closed up by 1.4 points at 4,830.25. We expect that the market may remain volatile during the trading session and the declaration of inflation figures by the government of India will give further directions to the market.

On Thursday, the US market closed in negative territory. The Dow Jones Industrial Average (DJIA) closed lower by 120.40 points at 12,302.46 along with S&P 500 (SPX) index fell by 15.37 points to close at 1,325.76 and NASDAQ Composite (RIXF) dropped by 43.53 points to close at 2,280.83.

The Indian ADRS closed in negative. In technology sector, Satyam fell by (4.20%) along with Infosys by (1.94%) and Patni Comp by (0.36%). In banking sector, ICICI bank slipped by (3%). In telecommunication sector, Tata Communication and MTNL dropped by (6.43%) and (1.39%) respectively. Tata Motors decreased by (3.40%).

Today the major stock markets in Asia are trading firm. Hang Seng is trading higher by 287.18 points at 22,951.40 along with Taiwan Weighted trading up by 29.22 points at 8,635.17 and Singapore Strait Times trading at 3,031.24 up by 6.04 points.

The FIIs on Thursday stood as net buyer in equity while the net seller in debt. The gross equity purchased was Rs3,166.60 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs2,609 Crore and gross debt sold stood at Rs138.60 Crore. Therefore, the net investment of equity reported was Rs557.60 Crore and net debt was (Rs138.60 Crore).

Today, Nifty has support at 4,704 and resistance at 4,903 and BSE Sensex has support at 15,634 and resistance at 16,328.

Post Session Market

The Indian market closed on a mixed note with NSE Nifty closed with marginal gains while Sensex closed in negative. The market face the volatility since the initial start of the session due to the global concerns like February durables goods report by the US government raised fresh doubts about the economy of US. As per the commerce department, the durables goods fell 1.7%, which was the second monthly fall in a row. Also, the sales of new homes fell b1.8% in February for the fourth consecutive month as the steep slump in housing continued. Also, the expiry of the derivatives contract today adds to the sentiment. From the sectoral front, the Realty and Metal index remained in the limelight as most buying was witnessed from these baskets. While the Mid Cap and Small Cap, which faced the selling pressures at the initial session managed to recover from the fall to post good gains.

The BSE Sensex closed lower by 71.27 points at 16,015.56 while NSE Nifty closed up by 1.4 points at 4,830.25. The BSE Mid Caps and Small Caps closed higher by 5.23 points and 87.82 points at 6,276.26 and 7,526.78 respectively

The market breadth was strong as 1,493 stocks closed in green as against 1223 stocks that closed in red.

The BSE Realty index surged 170.92 points to close at 7,651.29. Major gainers are Parsvnath (5.48%), Omaxe (5.16%), HDIL (4.78%), Unitech (3.99%), Penland (3.17%), DLF (2.47%) and Phoenix mill (0.35%).

The Metal index closed higher by 108.80 points at 13,853.98. Gainers are Gujarat NRE (6.93%), Hindalco Inds (6.61%), Maharash Sea (6.56%), SH. Precoated (4.98%), Welspun Guj (3.71%) and Sterlite Inds (1.27%).

The Bankex index closed lower by 125.14 points at 8,176.66. Major losers are Union bank (4.05%), Axis bank (4.03%), SBI (3.69%), Yes bank (2.77%), Andhra bank (2.37%) and Allahabad bank (2%).

The Capital Goods index fell by 79.30 points to close at 13,714.74 as Kirloskar BR (5.95%), Bharat Elec (5.05%), L&T (2.71%) and BEML (1.48%) closed lower while SKF India (7.73%), Suzlon energy (5.04%), Areva (4.03%) and Thermax (3.78%) closed higher.

The Oil and Gas index dropped by 63.58 points to close at 10,160.98 as IOCL (3.48%), Aban Offshore (2.68%), HPCL (2.56%), GAIL India (1.33%), Reliance inds (1.03%) and RPL (0.71%) while Cairn India (1.97%), Essar Oil (0.45%) and RNRL (0.3%) closed higher.

The IT index decreased by 112.80 points to close at 3,579.75. Losers are Mphasis (6.54%), HCL Tech (4.83%), NIIT Ltd (4.83%), Patni Comp (4.55%), Satyam (4.35%), Educomp Soln (3.53%) and TCS (2.97%).

From the FMCG space, Glaxosmithkline Cons (5.09%), HUL (4.10%), ITC (2.54%), Nestle (2.16%), REI Agro (0.56%), Britannia (0.32%) and Tata Tea (0.16%) closed in green.

Mid Session Market

The market has lost further grounds on account of huge selling pressure continued in the selective scrips. The broader market is trading flat today as the Mid Cap is trading marginally lower while the Small Cap managed to trade in green. The Capital Goods, Oil & Gas, Bank and IT stocks are out of favor today while the sustained buying is seen in the Metal, FMCG and Realty stocks. The overall market breadth turns negative, as 1219 stocks are advancing while 1299 stocks are declining and the 57 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 40 points at 6,231 while the BSE small Cap advanced by 12 points to trade at 7,451.

At 12.30 pm, BSE Sensex was at 15,899 down by 188 points and Nifty was at 4,789.90 down by 38.95 points.

BSE Metal index inclined by 17.05 points to trade at 13,762.23. The major gainers are Gujarat NRE (6.35%), Hindalco Industries (5.07%), NALCO (4.02%) and Bhusan Steel (1.10%).

BSE Capital goods index dropped by 172.84 points to 13,621.20. The main losers are Siemens (2.75%), BEML (2.48%), Bharat Electrical (1.91%) and Havells India (2.70%).

BSE Banks index slipped by 147.69 points to trade at 8,154.11. The top losers are AXIX Bank (3.70%), Bank of India (2.92%), Yes Bank (1.65%) and HDFC Bank (1.54%).

BSE Health Care index inclined marginally by 0.75 points to trade at 3,738.26 as Sun Pharma (2.52%), Cipla (1.58%), Lupin (1.29%), Glaxosmith (1.90%) and Pfizer (0.43%) are trading in positive.
Sun pharmaceuticals has received the USFDA approval for the abbreviated new drug application to market a generic version of forest Lab’s Tessalon, benzonatate capsules.
Cipla has developed a combination of drugs including the medicines for allergic rhinitis, asthama and cardiac-problems for the developed markets. The company expects to bring the allergic rhinitis drug into the market next year and the other two combination drugs in the asthama and cardiac are expected by 2010.

BSE Oil & Gas index was trading 130.41 points lower at 10,094.15 as Gail India (0.79%), Indian Oil (0.37%), RPL (0.10%) and Essar Oil (0.05%) are trading in red.

BSE Power index decreased by 17.45 points to trade at 3,120.54 as Suzlon Energy (1.80%), Reliance Energy (1.36%), Tata Power (0.60%) and GVK Power (0.38%) are trading in negative.

BSE IT index fell by 92.63 points to trade at 3,599.92 as HCL Technologies (4.47%), Satyam Computer (3.70%), Infosys Technologies (2.45%) and I-Flex (2.33%) are trading in red.

BSE Auto index slipped by 79.20 points to trade at 4,509.26. Leading to its fall are Tata Motors (5.43%), Maruti Suzuki (0.83%), MRF (0.20%) and Mahindra & Mahindra (0.07%).
Tata Motors has finally signed a deal with Ford Motors to acquire the iconic Jaguar and Land Rover brand for $2.3 billion in cash. This brand acquisition has paves the way for Tata Motors’ entry into the European car market.

Pre Session Market

The Indian Market is likely to have a negative opening today due to unfavoring cues from the global markets. On Wednesday, The Indian market yesterday closed lower on the back of profit booking across the counters. A lot of volatility was witnessed during the trading session on the back of expiry of the March 2008 derivatives contract on Thursday. This led the investors to take calculated steps in booking their positions. The market opened on a firm note tracking the mixed cues from the global markets but all of a sudden lost the momentum to pare all its initial gains as the profit booking prevailed. From the sectoral front, the metal index remained in the limelight as most buying was seen from these baskets. The BSE Sensex closed lower by 130.66 points at 16,086.83 and NSE Nifty fell by 48.65 points to close 4,828.85We expect that the market may continue its yesterday’s losing trend during the trading session.

On Wednesday, the US market closed in negative territory. The Dow Jones Industrial Average (DJIA) closed lower by 109.74 points at 12,422.86 along with S&P 500 (SPX) index fell by 11.86 points to close at 1,341.13 and NASDAQ Composite (RIXF) dropped by 16.69 points to close at 2,324.36.

The US market fell on the back of February durables goods report by the government that raised fresh doubts about the economy of US. As per the commerce department, the durables goods fell 1.7%, which was the second monthly fall in a row. Also, the sales of new homes fell b1.8% in February for the fourth consecutive month as the steep slump in housing continued.

The Indian ADRS closed in negative. In technology sector, Wipro fell by (2.51%) along with Satyam by (1.41%) and Infosys by (0.99%). In banking sector, ICICI bank and HDFC bank dropped by (5.37%) and (2.68%) respectively. In telecommunication sector, MTNL slipped by (1.18%). Sterlite industries decreased up by (3.24%).

Today the major stock markets in Asia are trading weak. Hang Seng is trading lower by 307.10 points at 22,309.91 along with Japan’s Nikkei trading down by 225.65 points at 12,480.98 and Taiwan Weighted trading at 8,597.78 down by 170.24 points.

The FIIs on Wednesday stood as net buyer in equity. The gross equity purchased was Rs5,060.70 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs3,715.40 Crore and gross debt sold stood at Rs0.00 Crore. Therefore, the net investment of equity reported was Rs1,345.30 Crore and net debt was Rs0.00 Crore.

Today, Nifty has support at 4,733 and resistance at 4,863 and BSE Sensex has support at 15,597 and resistance at 16,231.

Post Session Market

The Indian market closed in the negative territory on the back of profit booking across the counters. A lot of volatility was witnessed during the trading session on the back of expiry of the March 2008 derivatives contract on Thursday. This led the investors to take calculated steps in booking their positions. The market opened on a firm note tracking the mixed cues from the global markets but all of a sudden lost the momentum to pare all its initial gains as the profit booking prevailed. From the sectoral front, the metal index remained in the limelight as most buying was seen from these baskets.

The BSE Sensex closed lower by 130.66 points at 16,086.83 and NSE Nifty fell by 48.65 points to close 4,828.85. However, the investors showed their most buying interest from the Mid Caps and Small Caps space and they closed higher by 96.54 points and 154.32 points at 6,271.03 and 7,438.96 respectively

The market breadth remained strong as 1,733 stocks closed in green as against 978 stocks that closed in red.

The Metal index closed higher by 137.54 points at 13,745.18. Major gainers are Gujarat NRE (11.01%), Welspun Guj (5.54%), Jindal Stainless (4.05%), SH. Precoated (4.96%), Ispat Inds (2.86%), Maharash Sea (1.80%), Bhushan Steel (0.97%).

The BSE Realty index closed up by 29.13 points at 7,480.37. Gainers are Purvankara (22.77%), Indbul Real (11.68%), Omaxe (5.80%), Penland (4.14%), Parsvnath (2.94%), Ansal Infra (2.12%).

The Capital Goods index fell by 73.56 points to close at 13,794.04 as Kirloskar BR (3.48%), Kalpataru Power (3.22%), BHEL (2.86%) and Alstom Projects (1.9%) closed lower while Havell India (7.88%), Elecon Eng (6.97%), Lakshmi Machines (5.45%) and SKF India (2.93%) closed higher.

The Bankex index dropped by 69.54 points to close at 8,301.80 as ICICI bank (4.17%), Union bank (2.80%), BOB (2.19%), SBI (1.53%) closed in red while Yes bank (11.07%), Kotak bank (7.54%), Axis bank (4.34%), PNB (2.59%), Andhra bank (1.88%) closed in green.

The Oil and Gas index slipped by 84.24 points to close at 10,224.56. Major losers are Cairn India (2.52%), RNRL (2.49%), Gail India (1.67%), ONGC (1.11%), Essar Oil (1.09%), RPL (0.89%) and Reliance Inds (0.68%).

The IT index closed marginally up by 6.20 points at 3,692.55 as Mphasis (6.74%), Educomp Soln (6%), Aptech (5.09%), Patni Comp (4.17%), Finance Tech (4.12%) closed higher while HCL Tech (3.55%), Moser Baer (2.15%), Rolta India (1.56%) and Wipro (1.31%) closed lower.

Mid Session Market

The market is trading lower as selling pressure witnessed in the large cap stocks. However, the broader market is trading with significant gain as smart buying witnessed in the Mid Cap and Small Cap stocks. The Realty and Metal stocks are the hot pursuits today where e the Auto, Health Care and IT stocks are out of favor today. . The overall market breadth remains extremely positive, as 1728 stocks are advancing while 816 stocks are declining and the 52 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 75.35 points at 6,249.84 and the BSE small Cap advanced by 129.46 points to trade at 7,414.10.

At 12.50 pm, BSE Sensex was at 16,164.91 down by 52.58 points and Nifty was at 4,860.70 down by 16.80 points.

BSE Metal index surged by 235.41 points to trade at 13,843.05. The major gainers are Gujarat NRE (11.34%), Jindal Stainless (4.70%), Ispat Industries (3.70%) and Sterlite Industries (3.11%).

BSE Capital goods index advanced by 16.45 points to 13,884.05. The main gainers are Praj Industries (6.44%), Bharat Electrical (2.45%), SKF India (2.93%) and Havells India (1.22%).

BSE Banks index advanced by 47.27 points to trade at 8,418.61. The top gainers are Yes Bank (6.07%), AXIX Bank (4.90%), Centurion Bank of Punjab (3.61%) and Kotak Bank (2.26%).

BSE Health Care index declined by 18.45 points to trade at 3,747.31 as Sun Pharma (4.24%), Lupin (2.14%), Ranbaxy Lab. (0.99%) and Nicholas Piramal (0.40%) are trading in negative.

BSE Oil & Gas index was trading 36.32 points higher at 10,345.12 as ABN Offshore (3.46%), ONGC (1.82%), GAIL India (1.45%) and Essar Oil (0.90%) are trading in green.

BSE Power index increased by 12.99 points to trade at 3,166.86 as GVK Power (5.81%), Torent Power (2.76%), Tata Power (2.30%) and Reliance Power (1.55%) are trading in green.

BSE IT index fell by 21.56 points to trade at 3,664.79 as Patni Computer (0.98%), HCL Technologies (0.68%), Infosys Technologies (0.83%) and TCS (0.47%) are trading in red.

BSE Auto index slipped by 32.58 points to trade at 4,549.47. Leading to its fall are Tata Motors (3.37%), Apollo Tyre (0.70%), Mahindra & Mahindra (0.56%) and Maruti Suzuki (0.45%).

Pre Session Market

The Indian Market is likely to have a positive opening today due to mixed cues from the global markets. On Tuesday, The Indian market posted second highest point gain to cross the 16,000 mark and closed on a strong note. Tracking the favoring cues from the global markets, the domestic market opened on a firm note and kept on marching forward throughout the trading session on the back of heavy buying across the sectoral indices. The domestic market rallied by taking the positive cues from the US as J.P. Morgan Chase & Co. agreed to increase its bid to acquire Bear Stearns Cos. JP Morgan lifted its offer for Bear Stearns to 10 U.S. dollars per share from 2 dollars. The revised plan is aimed at soothing Bear Stearns shareholders upset over JP Morgan''s earlier offer. Also the economic data pointed to signs of stability that showed US new homes sales had risen by 3% in February 2008. From the sectoral front, all the sectoral indices posted smart gains. The BSE Sensex closed higher by 928.09 points at 16,217.49 and NSE Nifty closed up by 267.65 points 4,877.50. We expect that the market may give up some of its yesterday’s gains during the trading session.

On Tuesday, the US market closed mixed. The Dow Jones Industrial Average (DJIA) closed lower by 16.04 points at 12,532.60 while S&P 500 (SPX) index closed higher by 3.11 points at 1,352.99 and NASDAQ Composite (RIXF) grew by 14.30 points to close at 2,341.05.

The Indian ADRS closed in positive. In technology sector, Infosys grew by (3.03%) along with Wipro by (1.94%) and Satyam by (1.47%). In banking sector, ICICI bank and HDFC bank advanced by (5.75%) and (2.59%) respectively. In telecommunication sector, Tata Communication increased by (0.26%). Sterlite industries inched up by (7.06%).

Today the major stock markets in Asia are trading mixed. Hang Seng is trading higher by 171.77 points at 22,636.29 along with Taiwan Weighted trading up by 19.19 points at 8,814.28 while Japan’s Nikkei trading lower by 112.42 points at 12,632.80.

The FIIs on Monday stood as net buyer in equity. The gross equity purchased was Rs4,183.30 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs3,646.10 Crore and gross debt sold stood at Rs0.00 Crore. Therefore, the net investment of equity reported was Rs537.20 Crore and net debt was Rs0.00 Crore.

Today, Nifty has support at 4,731 and resistance at 4,952 and BSE Sensex has support at 15,814 and resistance at 16,468.

Post Session Market

The Indian market spurted today to cross the 16,000 mark and closed with handsome gains. Tracking the favoring cues from the global markets, the domestic market opened on a firm note and kept on marching forward throughout the trading session on the back of heavy buying across the sectoral indices. The domestic market rallied by taking the positive cues from the US as J.P. Morgan Chase & Co. agreed to increase its bid to acquire Bear Stearns Cos. JP Morgan lifted its offer for Bear Stearns to 10 U.S. dollars per share from 2 dollars. The revised plan is aimed at soothing Bear Stearns shareholders upset over JP Morgan''s earlier offer. Also the economic data pointed to signs of stability that showed US new homes sales had risen by 3% in February 2008. From the sectoral front, all the sectoral indices posted smart gains.

The BSE Sensex closed higher by 928.09 points at 16,217.49 and NSE Nifty closed up by 267.65 points 4,877.50. The Mid Caps and Small Caps closed higher by 368.96 points and 334.52 points at 6,174.49 and 7,284.64 respectively.

The market breadth remained strong as 2,075 stocks closed in green as against 640 stocks that closed in red.

From the Sensex pack, JP associate (16.38%), DLF (13.47%) and Reliance Energy (12.97%), Infosys (9.64%) and Wipro (9.02%) were the major gainers.

The Metal index grew by 820.03 points to close at 13,607.64. Scrips that advanced are Gujarat NRE (19.44%), Welspun Guj (12.93%), Jindal Steel (8.23%), JSW Steel (7.68%), SAIL (7.18%), Tata Steel (6.98%) and Hindalco inds (6.04%).

The BSE Realty index closed up by 645.06 points at 7,451.24. Leading the rally are Anant Raj (19.60%), HDIL (13.89%), DLF (13.47%), Unitech (10.21%), Ansal infra (6.80%), Parsvnath (6.64%) and Omaxe (4.52%).

The Capital Goods index surged 641.69 points to close at 13,867.60. Major gainers are Praj Inds (10.29%), Alstom Projects (9.83%), BEML (8.77%), BHEL (7.55%), ABB (5.12%) and L&T (4.01%).

The Bankex index closed higher by 626.99 points at 8,371.34. Gainers are Yes bank (20.53%), Kotak bank (13.36%), Union bank (11.01%), Axis bank (10.27%), Allahabad bank (9.78%) and ICICI bank (9.37%).

The Oil and Gas index advanced by 577.89 points to close at 10,308.80 as Essar Oil (12.82%), Aban Offshore (9.57%), ONGC (7.25%), Cairn India (7.05%), RNRL (6.67%), IOCL (6.62%) and RPL (4.74%) closed in positive.

The IT index closed up by 264.39 points at 3,686.35 as Aptech (22.72%), Educomp Soln (16.48%), NIIT Techno (12.73%), Infosys (9.64%), Wipro (9.02%), I-Flex (8.90%), TCS (6.38%), HCL Tech (4.34%) closed in green .

Mid Session Market

The market has gained further ground as strong buying continued across the board. The BSE Sensex and NSE Nifty both are trading with a significant gain of more than 4%. The broader market has also joined the rally, as the Mid Cap is trading with 4% up and the Small Cap with 3.5%. The Realty, Bank, IT and Metal are the hot pursuits today. The overall market breadth remains extremely positive, as 1809 stocks are advancing while 751 stocks are declining and the 50 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 255.52 points at 6,061.05 and the BSE small Cap advanced by 245.17 points to trade at 7,195.29.

At 12.50 pm, BSE Sensex was at 16,016.06 up by 726.66 points and Nifty was at 4,818.50 up by 208.65 points.

BSE Metal index surged by 636.56 points to trade at 13,085.46. The major gainers are Tata Steel (5.41%), SAIL (5.35%), Sterlite Industries (4.99%) and Hindalco Industries (4.55%).

BSE Capital goods index advanced by 551.41 points to 13,777.42. The main gainers are BHEL (4.59%), ABB (4.07%), L&T (3.88%) and Siemens (3.70%).
BHEL has embarked a major capacity augmentation scheme. The company has invested Rs190 crore on equipment to produce 10,000 mw of power capacity and will be investing Rs732 crore to further enhance the capacity to 15,000 mw. Also, the company is likely to spend nearly Rs5,000 crore over the next three years in its yet to be formed joint venture companies with NTPC and Nuclear Power Corporation of India Ltd.

BSE Banks index advanced by 475.42 points to trade at 8,219.77. The top gainers are ICICI Bank (7.23%), PNB (5.15%), SBI (5.11%) and HDFC Bank (4.02%).
ICICI Bank has entered into a Rs 1,150-crore equity-cum-debt deal with Jaypee Infratech. The bank has decided to pick up 1% stake in Jaypee Infratech for Rs 250 crore. In addition, the bank will provide Rs 900 crore as long-term loan to the company.

BSE Health Care index inclined by 79.12 points to trade at 3,758.096 as Glenmark (5.10%), Divi’s Lab (4.98%), Biocon (3.42%) and Dr. Reddy (2.50%) are trading in positive.

BSE Oil & Gas index was trading 381.82 points higher at 10,112.23 as BPCL (4.25%), ONGC (4.10%), Gail India (4.08%) and Cairn India (2.96%) are trading in green.

BSE Power index increased by 139.15 points to trade at 3,102.01 as Reliance Energy (9.64%), Tata Power (7.59%), Power Grid (2.13%) and NTPC (1.57%) are trading in green.
Reliance Energy will buyback its shares worth Rs2,000 crore today. The company also said that the buyback would be made at a maximum price of Rs1600 a share.

BSE IT index grew by 201.41 points to trade at 3,623.37 as TCS (6.43%), Satyam (6.15%), Infosys (5.96%) and Wipro (4.76%) are trading in green.
TCS has set up a software development and delivery centre in North America with a capacity of 1,000 seats to cater to the customers.

BSE Auto index grew by 116.76 points to trade at 4,521.24. Leading to its gain are Hero Honda (3.70%), Maruti Suzuki (3.21%), Tata Motors (2.56%) and Mahindra & Mahindra (1.20%).
Tata Motors is now close to clinch the deal with Ford to acquire the iconic Jaguar and Land Rover – brands. The announcement about the signing of the agreement would be made latter this week.

Pre Session Market

The Indian Market is likely to have a positive opening today as cues from the global markets are in favor. On Monday, the Indian market made a smart come back towards the end of the session to closed with handsome gains on the back of selective buying across the sectoral indices. Though the domestic market opened with a bang tracking the favoring cues from he global markets but lost the momentum towards the mid session as the heavy profit booking prevailed. But the market gathered the momentum towards the final hours to close with good gains. However, the Mid Cap and Small Cap stocks were out of favor as heavy selling was seen from these baskets. From the sectoral front, the metal and realty stocks were the most hit as they faced heavy selling pressures while the Banking stocks remained the centre of attraction as the investors showed more buying interest from these counters. The BSE Sensex closed higher by 294.57 points at 15,289.40 and NSE Nifty closed up by 35.9 points 4609.85. We expect that the market may extend its gains further during the trading session.

On Monday, the US market closed in green. The Dow Jones Industrial Average (DJIA) closed up by 187.32 points at 12,548.64. The S&P 500 (SPX) index closed higher by 20.37 points at 1,349.88 and NASDAQ Composite (RIXF) grew by 68.64 points to close at 2,326.75.

The US market rallied yesterday as J.P. Morgan Chase & Co. agreed to increase its bid to acquire Bear Stearns Cos. and also the economic data pointed to signs of stability in the troubled housing sector. JP Morgan lifted its offer for Bear Stearns to 10 U.S. dollars per share from 2 dollars. The revised plan is aimed at soothing Bear Stearns shareholders upset over JP Morgan''s earlier offer.

The Indian ADRS closed in positive. In technology sector, Satyam grew by (8.23%) along with Infosys by (7.14%), Wipro by (6.38%). In banking sector, ICICI bank and HDFC bank advanced by (13.10%) and (7.99%) respectively. In telecommunication sector, Tata Communication increased by (8.29%).

Today the major stock markets in Asia are trading strong. Hang Seng is trading higher by 701.71 points at 21,809.93 along with Japan’s Nikkei trading up by 166.24 points at 12,646.33 and Singapore Strait Times trading at 2,976.27 up by 48.48 points.

The FIIs on Monday stood as net buyer in equity. The gross equity purchased was Rs4,183.30 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs3,646.10 Crore and gross debt sold stood at Rs0.00 Crore. Therefore, the net investment of equity reported was Rs537.20 Crore and net debt was Rs0.00 Crore.

The Wholesale Price index rose to an 11-month high of 5.92%. The WPI-based inflation increased sharply on account of spurt in prices across the board, with cereals (6.28%), milk (9.71%), vegetables (9.79%), dairy products (9.31%), cement (5.13%), iron and steel (20.87%) and edible oils (17.52%). By seeing this growth in inflation, the Indian government has reduced customs duty on rice and edible oils drastically to rein in their prices in domestic market. The customs duty on rice has been cut to nil from 70% earlier as well as duties on all crude and refined edible oils were also slashed from the existing levels of 52% and 75% to 20% and 27.5% respectively.
Today, Nifty has support at 4,534 and resistance at 4,732 and BSE Sensex has support at 14,923 and resistance at 15,793.

Post Session Market

The Indian market made a huge turnaround towards the final trading hours of the session to closed with handsome gains on the back of selective buying across the sectoral indices. Though the domestic market opened with a bang tracking the favoring cues from he global markets but lost the momentum towards the mid session as the heavy profit booking prevailed. But the market gathered the momentum towards the final hours to close with good gains. However, the Mid Cap and Small Cap stocks were out of favor as heavy selling was seen from these baskets. From the sectoral front, the metal and realty stocks were the most hit as they faced heavy selling pressures while the Banking stocks remained the centre of attraction as the investors showed more buying interest from these counters.

The BSE Sensex closed higher by 294.57 points at 15,289.40 and NSE Nifty closed up by 35.9 points 4609.85. The Mid Caps and Small Caps closed lower by 158.57 points and 272.08 points at 5,805.53 and 6,950.12 respectively.

The market breadth remained weak as 2149 stocks closed in red as against 535 stocks that closed in green.

From the Sensex pack, Tata Steel 7.04%, Reliance Energy 4.61% and DLF 4% reported as the top loser while HDFC 7.73%, Wipro 5.88% and HDFC bank 5.31% reported as the top gainers.

The Bankex index surged 249.09 points at 7,744.35. Gainers are PNB 5.58%, HDFC bank 5.31%, ICICI bank 4.98%, Yes bank 4.08%, Cent BOP 4.46%, BOI 2.83%, SBI 2.67% and IOB 1.21%.

The IT index closed up by 52.33 points at 3,421.96 as HCL Tech 7.45%, Wipro 5.88%, TCS 1.66%, Infosys 1.45% and Aptech 0.90% closed in green.

The Capital Goods index closed higher by 130.19 points at 13,225.91. Major gainers are L&T 3.46%, BHEL 1.25%, Elecon Eng 0.40%, Jyoti Structures 0.29% and ABB 0.13%.

The Metal index declined by 710.94 points to close at 12,787.61. Scrips that fell are Gujrat NRE 16.95%, JSW Steel 11.98%, Welspun Guj 7.71%, Tata Steel 7.04%, Bhushan Steel 5.86%, Jindal Steel 5.45% and Sesa Goa 4.40%.

The BSE Realty index closed lower by 281.52 points at 6,806.18. Major losers are Purvankara 16.20%, Parsvnath 9.69%, Akruti City 7.49%, Unitech 5.24%, Indbul Real 4.57% and DLF 4%.

The Oil and Gas index closed marginally up by 13.35 points at 9,730.91 as BPCL 4.12%, Reliance Inds 1.93%, HPCL 1.32% and ONGC 0.99% closed higher.

Mid Session Market

The market is still trading higher but off the day’s high. But the broader market has lost further grounds as strong selling witnessed in the Mid Cap and Small Cap stocks. The BSE Sensex is hovering around the 15,100 mark and the NSE Nifty has maintained the 4,600 mark. The huge demand is witnessed in the Bank and IT stocks. The Metal, Realty and Oil&Gas stocks are out of favor today. The overall market breadth remains extremely negative, as 472 stocks are advancing while 2032 stocks are declining and the 54 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 169 points at 5,795 and the BSE small Cap lower by 242 points to trade at 6,980.

At 12.50 pm, BSE Sensex was at 15,168 up by 173 points and Nifty was at 4,599.70 up by 25.75 points.

BSE Capital goods index dropped by 59.69 points to 13,036.03. The main losers are BEML (5.35%), Punj Lloyd (3.99%), Siemens (3.66%) and BHEL (1.48%).

BSE Health Care index declined by 2.20 points to trade at 3,669.06 as Fortis Health (4.21%), Aventis Pharma (3.48%), Biocon (1.97%) and Cadila Health care (1.89%) are trading in negative.
Sun Pharmaceuticals advanced by (1.87%) as the company has got the approval from the U.S. Food and Drug Administration to market benzonatate capsules. The drug, used to treat cough, common cold, pneumonia and other lung infections.

BSE Oil & Gas index was trading 72.62 points lower at 9,644.94 as ABN Offshore (12.09%), Essar Oil (9.21%), Cairn India (6.56%) and RNRL (2.60%) are trading in red.

BSE Power index decreased by 37.07 points to trade at 2,947 as Areva (7.34%), Torent Power (4.41%), GVK Power (3.30%) and Reliance Energy (2.74%) are trading in red.

BSE IT index inclined by 51.32 points to trade at 3,420.95 as HCL Technologies (4.35%), TCS (2.73%), Wipro (4.10%) and Satyam Computer (0.65%) are trading in green.
TCS has set up a software development and delivery centre in North America with a capacity of 1,000 seats to cater to the customers.

BSE Metal index slipped by 413.09 points to trade at 13,085.46. The major losers are JSW Steel (16.47%), Gujarat NRE (8.84%), Jindal Stainless (6.81%) and Ispat Industries (5.82%).

BSE Banks index surged by 164.92 points to trade at 7,660.18. The top gainers are ICICI Bank (3.35%), HDFC Bank (2.83%), Kotak Bank (2.17%) and SBI (1.27%).

BSE Auto index grew by 13.10 points to trade at 4,411.35. Leading to its gain are Tata Motors (2.14%), Mahindra & Mahindra (2.07%) and Maruti Suzuki (0.90%).

Maruti Suzuki plans to invest Rs.90 billion in India, mostly on research and logistics. The fresh investment would be made over eight years and be used to set up to five large warehouses spread across the country to cut delivery time.

Tata Motors should complete its proposed $2bn acquisition of iconic car marques Land Rover and Jaguar from Ford Motor this week. Also, the company has signed a deal with Citigroup and JP Morgan to receive a $3bn one-year bridge loan to finance purchase of luxury brands Jaguar and Land Rover.

Pre Session Market

The Indian Market is likely to have a positive opening today as he global markets are in favor. On Wednesday, pared most of its initial gains on the back of heavy profit booking across the sectoral indices towards the final trading hours of the session. The domestic market opened with a bang and created a rally across the sectoral indices on the back of favoring cues from the global markets like interest rate cut by US Federal Reserve and better than expected strong performance from- Goldman Sachs Group and Lehman Brothers Holdings, the two major investment banks. But the market was unable to sustained at higher levels and gave up most of its initial gains on the back of long holiday. The BSE Sensex closed higher by 161.37 points at 14,994.83 and NSE Nifty grew by 40.95 points to close 4573.95. We expect that the market may remain choppy during the trading session.

On Friday, the US market closed in green. The Dow Jones Industrial Average (DJIA) closed higher by 261.66 points at 12,361.32. The S&P 500 (SPX) index grew by 31.09 points to close at 1,329.51 and NASDAQ Composite (RIXF) increased by 48.15 points to close at 2,258.11.

The Indian ADRS closed in positive. In technology sector, Wipro grew by (4%) along with Patni Computers by (3.75%), Satyam by (1.66%) and Infosys by (1.50%). In banking sector, HDFC bank and ICICI bank increased by (2.58%) and (1.21%) respectively. In telecommunication sector, Tata Communication and MTNL advanced by (3.47%) and (0.41%) respectively.

Today the major stock markets in Asia are trading firm. Taiwan Weighted is trading higher by 344.84 points at 8,869.83 along with Japan’s Nikkei trading up by 46.33 points at 12,528.90 and Singapore Strait Times trading at 2,891.02 up by 66.11 points. South Korea Seoul Composite is trading marginally higher by 7.26 points at 1,652.95.

The FIIs on Wednesday stood as net seller both in equity as well as debt. The gross equity purchased was Rs4,701.30 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs5,389.10 Crore and gross debt sold stood at Rs148.20 Crore. Therefore, the net investment of equity reported was (Rs687.80 Crore) and net debt was (Rs148.20 Crore).

The Wholesale Price index rose to an 11-month high of 5.92%. The WPI-based inflation increased sharply on account of spurt in prices across the board, with cereals (6.28%), milk (9.71%), vegetables (9.79%), dairy products (9.31%), cement (5.13%), iron and steel (20.87%) and edible oils (17.52%). By seeing this growth in inflation, the Indian government has reduced customs duty on rice and edible oils drastically to rein in their prices in domestic market. The customs duty on rice has been cut to nil from 70% earlier as well as duties on all crude and refined edible oils were also slashed from the existing levels of 52% and 75% to 20% and 27.5% respectively.

Today, Nifty has support at 4,471 and resistance at 4,708 and BSE Sensex has support at 14,623 and resistance at 15,312.

Post Session Market

The Indian market pared most of its initial gains on the back of heavy profit booking across the sectoral indices towards the final trading hours of the session. The domestic market opened with a bang and created a rally across the sectoral indices on the back of favoring cues from the global markets like interest rate cut by US Federal Reserve and better than expected strong performance from- Goldman Sachs Group and Lehman Brothers Holdings, the two major investment banks. But the market was unable to sustain and higher levels and gave up most of its initial gains on the back of long holiday. The market will remain closed on Thursday (20 March 2008) on account of Id-E-Milad and on Friday (21 March 2008) on account of Good Friday. From the sectoral point, the Capital goods index remained centre of attraction as most buying was seen from theses baskets. The BSE Sensex closed higher by 161.37 points at 14,994.83 and NSE Nifty grew by 40.95 points to close 4573.95. However, the Mid Caps and Small Caps closed lower by 69.81 points and 143 points at 5,964.10 and 7,222.20 respectively.

The Capital Goods index surged 161.84 points to close at 13,095.72. Major gainers are Areva (9.48%), ABB (3.60%), L&T (2.72%), Punj Lloyd (2.41%), BHEL (1.34%).

The BSE Realty index closed lower by 155.30 points at 7,087.70. Major losers are Purvankara (8.37%), Anant Raj (7.30%), Unitech (3.50%), Akruti City (2.73%), Omaxe (2.60%) closed lower.

The Metal index closed higher by 57.77 points at 13,498.55. Gainers are Jindal Stainless (9.64%), Sesa Goa (9.12%), SAIL (4.11%), Hind Zinc (3.99%), Nalco (3.80%).

The Oil and Gas index closed flat at 9,717.56. Gail India (1.96%), IOCL (1.75%), Cairn India (1.09%) closed higher.

The Bankex index closed flat at 7,495.26 as Yes bank (8.50%), Federal bank (5.16%), Canara bank (3.71%) closed in green while BOI (5.92%) and Allahabad bank (5.37%) closed in red.

From the IT index, Satyam (5.24%), Wipro (4.64%), Rolta Ind (2.53%), Patni Comp (2.25%) closed higher.

Mid Session Market

The market is still trading higher with significant gains as strong buying continued across the board mainly led by the large cap stocks. However, the broader market has lost its momentum and is trading slightly higher. The BSE Sensex is hovering around the 15,250 mark and the NSE Nifty has maintained the 4,600 mark. The huge demand is witnessed in the Bank, Capital Goods, Metal and Oil & Gas stocks. The overall market breadth is negative, as 1206 stocks are advancing while 1304 stocks are declining on BSE. The BSE Mid cap is higher by 63 points at 6,097 and the BSE small Cap marginally higher by 2 points to trade at 7,367.

At 12.50 pm, BSE Sensex was at 15,228 up by 395 points and Nifty was at 4,636.30 up by 103.30 points.

BSE Capital goods index advanced by 315.46 points to 13,249.34. The main gainers are ABB (5.43%), L&T (3.65%), BHEL (2.25%) and Siemens (1.83%).

BSE Oil & Gas index was trading 191.55 points higher at 9,903.15 as BPCL (4.35%), ONGC (1.42%) and GAIL India (0.74%) are trading in green.

BSE Power index increased by 48.28 points to trade at 3,040.29 as NTPC (2.63%), Power Grid (2.15%) and Cipla (1.46%) are trading in green.

BSE IT index inclined by 77.80 points to trade at 3,376.67 as Wipro (6.69%), HCL Technologies (4.40%), Satyam Computers (4.32%) and TCS (1.47%) are trading in green.

BSE Metal index advanced by 194.67 points to trade at 13,635.45. The major gainers are SAIL (4.21%), Hindalco Industries (3.11%), NALCO (2.33%) and Tata Steel (1.25%).

BSE Banks index surged by 248.74 points to trade at 7,742.71. The top gainers are HDFC Bank (5.36%), ICICI Bank (3.78%), PNB (3.04%) and SBI (2.51%).

BSE Auto index grew by 107.82 points to trade at 4,446.89. Leading to its gain are Mahindra & Mahindra (4.86%), Tata Motors (4.52%) and Maruti Suzuki (1.85%.Mahindra and Mahindra has launched its three wheeler the Alfa passenger in Kochi, which is priced at Rs1.3 lakh. It is also planning to launch CNG and LPG version of the Alfa in the near future

Pre Session Market

The Indian Market is likely to have a strong positive opening today due to due to favoring cues from the global markets. On Tuesday, the Indian market pared most of its gains and closed marginally higher. Though the market opened almost on a flat note but gathered the momentum towards the mid session as the buying intensified across the counters. From the sectoral point, Capital goods and Realty scrips remained the centre of attraction as most buying was witnessed from theses baskets. The BSE Sensex closed higher by 23.97 points at 14,833.46 and NSE Nifty grew by 29.9 points to close 4533. We expect that the bulls will rule the market during the trading session as the cues from the US market of an interest rate cut by Federal Reserve will give a boost to the market.

The US Federal Reserve''s Open Market Committee yesterday has cut the federal funds rate by 75 basis point to 2.25% from 3% earlier and this sharp interest rate cut was an attempt to restore confidence to tumbling financial markets and to give a boost to the economy. The Fed has now lowered rates six times since mid-September, with the economy reeling from the credit crisis.

On Tuesday, the US market closed mixed. The Dow Jones Industrial Average (DJIA) closed higher by 420.41 points at 12,392.66. The S&P 500 (SPX) index grew by 54.14 points to close at 1,330.74 and the NASDAQ Composite (RIXF) increased by 91.25 points to close at 2,268.26.

Today the major stock markets in Asia are trading strong. Hang Seng is trading higher by 552.76 points at 21,937.37 along with Japan''s Nikkei trading up by 328.57 points at 12,292.73 and Taiwan Weighted trading at 8,227.59 up by 169.77 points.

The FIIs on Tuesday stood as net seller in equity. The gross equity purchased was Rs3,807.30 Crore while the gross equity sold stood at Rs4,439.60 Crore. Therefore, the net investment of equity reported was (Rs632.40 Crore).

Today, Nifty has support at 4,516 and resistance at 4,742 and BSE Sensex has support at 14,792 and resistance at 15,746.

Post Session Market

The Indian market closed with marginal gains after presenting a good show but a lot of volatility was witnessed during the trading session. The market gave up most of its gains as the profit booking across the counters prevailed. Though the market opened almost on a flat note but gathered the momentum towards the mid session as the buying intensified across the counters. From the sectoral point, Capital goods and Realty scrips remained the centre of attraction as most buying was witnessed from theses baskets. The BSE Sensex closed higher by 23.97 points at 14,833.46 and NSE Nifty grew by 29.9 points to close 4533. However, the Mid Caps and Small Caps remained out of favor as most selling was witnessed from these counters to close lower by 90.44 points and 157.03 points at 6,033.91 and 7,365.20 respectively. The market breadth turned weak as 1918 stocks closed in red as against 749 stocks that closed in green.

The Capital Goods index surged 227.57 points to close at 12,933.88. Major gainers are Havell India (6.21%), Siemens (4.44%), Elecon Eng (3.21%), Crompton Greaves (2.34%) and ABB (2.45%).

The BSE Realty index closed higher by 136.47 points to close at 7,243. Scrips that jumped are Anant Raj Inds (7.18%), DLF (5.30%), Unitech (5.26%) and Phoenix Mill (2.77%).

The Metal index declined by 284.74 points to close at 13,440.78. Major losers are Jindal Saw (9.05%), Gujarat NRE (7.42%), SH. Precoated (4.97%), Hind Zinc (4.68%) and Sterlite Inds (4.28%).

The Oil and Gas index fell by 90.26 points to close at 9,711.60 as Aban Off shore (2.99%) and Essar Oil (2.27%) closed lower while BPCL (3.95%), HPCL (2.99%) and Cairn India (2.71%) closed higher.

The Bankex index slipped by 75.19 points to close at 7,493.97 as Yes bank (14.42%), IOB (7.51%) and Canara bank (6.86%) closed in red while ICICI bank (1.39%), PNB (0.60%) and BOB (0.31%) closed in green.

From the Power index, Siemens 4.44%, Reliance Energy 3.09%, ABB 2.45% and Suzlon Energy 1.53% closed in positive.

Mid Session Market

The market has recover slightly from the day''s low after the market reopens from the Sun outage. The significant buying is seen in the large cap stocks mainly led by the Capital Goods and IT stocks. However, the broader market is trading with significant loss. The strong selling pressure is witnessed in the Metal, Bank and Realty stocks. The overall market breadth remains extremely negative, as 544 stocks are advancing while 1938 stocks are declining and the 54 stocks remained unchanged on BSE.

The BSE Mid cap is lower by 133.71 points at 5,990.64 and the BSE small Cap dropped by 190.78 points to trade at 7,331.45.At 12.50 pm, BSE Sensex was at 14,836.33 up by 26.84 points and Nifty was at 4,516.15 up by 13.05 points.

BSE Capital goods index advanced by 110 points to 12,816. The main gainers are BHEL(2.06%), L&T (1.22%), Siemens (1.12%) and ABB (0.96%).BHEL has bagged Rs.20.30 billion equipment supply contract from Bhartiya Rail Bijlee Co Ltd, a joint venture formed by central utility National Thermal Power Corp (NTPC) and Indian Railways to implement the project.

BSE Oil & Gas index was trading 109 points higher at 9,911 as BPCL (4.35%), ONGC (1.42%) and GAIL India (0.74%) are trading in green.

BSE Power index increased by 34 points to trade at 3,008 as Reliance Energy (3.36%), Power Grid (1.09%) and NTPC (1.06%) are trading in green.

BSE IT index inclined by 42 points to trade at 3,340 as TCS (3.03%), Satyam (2.19%), Wipro (1.69%) and Infosys Technologies (0.82%) are trading in green.

BSE Metal index dropped by 309 points to trade at 13,417. The major losers are Sterlite Industries (7.32%), Tata Steel (3.03%), SAIL (2.12%) and Hindalco Industries (1.83%).

BSE Banks index slipped by 152 points to trade at 7,415. The top losers are HDFC Bank (2.69%), SBI (1.83%), ICICI Bank (1.32%) and PNB (0.44%).

BSE Auto index slipped by 26 points to trade at 4,303. Leading to its fall are Appolo Tyre (2.35%), TVS Motors (1.34%), Mahindra & Mahindra (1.26%) and MRF (0.51%).

Pre Session Market

The Indian Market is likely to have a positive opening today due to due to favoring cues from the global market. On Monday, the Indian market tumbled and faced bloodbath during the trading session. The fall was on the back of US Federal Reserve emergency step to cut in its discount rate by 25 basis point ignited the concerns of more global credit crisis. This fall is one of the worst in the history of the Indian stock market as the Sensex lost more than 6% in a single day and the NSE Nifty fell below the 4500 mark to lose more than 5% on a particular day. The BSE Sensex declined by 951.03 points to close at 14,809.49 and NSE Nifty fell by 242.7 points to close at 4,503.10. We expect that the market may remain choppy during the trading session.

The US Federal Reserve has cut its discount rate by 25 basis point to 3.25% from 3.5% earlier and this will be effective immediately. The Federal Reserve also extended the term of discount-window loans to 90 days from the 30 days.

On Monday, the US market closed mixed. The Dow Jones Industrial Average (DJIA) closed higher by 21.16 points at 11,972.25. The S&P 500 (SPX) index decreased by 11.54 points to close at 1,276.60 and the NASDAQ Composite (RIXF) fell by 35.48 points to close at 2,177.01.

Today the major stock markets in Asia are trading firm. Japan''s Nikkei trading higher by 172.05 points at 11,959.56 along with Hang Seng trading up by 132.54 points at 21,217.15 and Taiwan Weighted trading at 8,017.01 up by 11.55 points.

Indian ADRS closed in mixed. Satyam, Infosys and Wipro fell by (5.08%), (2.74%) and (1.94%) respectively. ICICI bank and HDFC bank fell by (12.84%) and (7.42%) respectively.

The FIIs on Monday stood as net seller in equity. The gross equity purchased was Rs3,545.60 Crore while the gross equity sold stood at Rs3,674.40 Crore. Therefore, the net investment of equity reported was (Rs128.80 Crore).

Today, Nifty has support at 4,404 and resistance at 4,592 and BSE Sensex has support at 14,426 and resistance at 15,268.

Post Session Market

The Indian market after facing the bloodbath closed with heavy losses during the trading session. The market declined as the US Federal Reserve emergency step to cut in its discount rate by 25 basis point ignited the concerns of more global credit crisis that led to the negative sentiments to rule in all major markets all over the world. The dollar fell to as low as 95.76 yen, which is the weakest since Aug. 15, 1995 as growing concern about widening credit- market losses. From the sectoral point, heavy selling was witnessed from the metal, capital goods, bankex and realty baskets. The BSE Sensex declined by 951.03 points to close at 14,809.49 and NSE Nifty fell by 242.7 points to close at 4,503.10. The Sensex has touched an intraday low of 14,738.27. The BSE Mid Cap and Small Cap also followed the benchmark indices to close lower by 459.10 points and 557.27 points at 6,124.35 and 7,522.23 respectively. The market breadth was also weak as 2,404 stocks closed in red while 282 stocks closed in green.

The Metal index declined by 1119.35 points to close at 13,725.52. Major losers are Sesa Goa (12%), Jindal Saw (11.09%), Hindalco Inds (9.20%) and Tata Steel (7.93%).

The Capital Goods index closed lower by 873.63 points at 12,706.31. Losers are Havell India (14.87%), Alstom Projects (14.84%), Praj Inds (12.48%), L&T (7.03%) and Bhel (4.41%).

The Oil and Gas index fell by 552.95 points to close at 9,801.86 as IOCL (8.32%), Aban Offshore (7.86%), RNRL (6.83%) and Essar Oil (5.54%) closed lower.

The Bankex index dropped by 753.93 points to close at 7,569.16 as Yes bank (14.85%), ICICI bank (13.76%), Federal bank (12.29%), BOI (8.20%) and SBI (4.72%) closed in red.

The BSE Realty index slipped by 606.30 points to close at 7,106.53. Scrips that fell are HDIL (13.56%), Sobha Dev (11.97%), Purvankara (10.83%), Akruti city (10.53%) and Ansal Infra (10.22%).

From the IT baskets, Karut Net (9.98%), HCL Tech (9.33%), Aptech (7.03%), Wipro (3.75%) and Infosys (2.44%) closed lower.

Mid Session Market

The market has lost further ground as the market reopens after the Sun outage. The market is trading in the deep red with a heavy gap down as huge selling pressure continued across the board. The Metal, Capital Goods, Bank, Realty and Oil & Gas stocks are facing the heavy selling pressure today. The broader market has also joined the rally as sustained profit booking continued in the Mid Cap and Small Cap stocks also. The overall market breadth remains extremely negative, as 291 stocks are advancing while 2176 stocks are declining and the 35 stocks remained unchanged on BSE. The BSE Mid cap is lower by 280 points at 6,303 and the BSE small Cap dropped by 363 points to trade at 7,717.

At 12.50 pm, BSE Sensex was at 15,032 down by 729 points and Nifty was at 4,555.45 down by 190.35 points.

BSE Metal index dropped by 742 points to trade at 14,103. The major losers are Tata Steel (5.45%), SAIL (5.45%), Sterlite Industries (5.42%) and Hindalco Industries (4.95%).

BSE Capital goods index dropped by 502 points to 13,078. The main losers are Siemens (4.05%), ABB (3.88%), L&T (3.75%) and BHEL (2.82%).

BSE Auto index slipped by 146 points to trade at 4,393. Leading to its fall are Hero Honda (4.19%), Tata Motors (3.76%), Mahindra & Mahindra (3.24%) and Maruti Suzuki (2.40%).

BSE Oil & Gas index was trading 323 points lower at 10,032 as Cairn India (3.95%), Gail India (2.84%), RPL (2.45%) and ONGC (1.60%) are trading in red.

BSE Banks index slipped by 472 points to trade at 7,851. The top losers are ICICI Bank (6.96%), HDFC Bank (5.17%), SBI (4.20%) and PNB (3.60%).BSE Power index decreased by 111 points to trade at 3,038 as Reliance Energy (4.77%), Power Grid (4.17%), Suzlon Energy (4.03%) and Tata Power (0.60%) are trading in red.

BSE IT index declined by 60 points to trade at 3,347 as HCL Technologies (2.64%), TCS (2.49%), Infosys Technologies (1.82%) and Satyam Computer (1.06%) are trading in red.

Pre Session Market

The Indian Market is likely to have a negative opening today due to weak cus from the global market. On Friday, the Indian market closed on a strong note on the back of heavy buying across the sectoral heavy weights. The market pared some of its gains after the declaration of the annual inflation figures based on wholesale price index which increased to 5.11% for the week ended 1 March 2008 as against 5.02% in the previous week backed by the higher prices of food items and manufactured products. The BSE Sensex closed higher by 403.17 points at 15,760.52 and NSE Nifty closed up by 122.2 points at 4,745.80. We expect that the market may remain cautious during the trading session.The US Federal Reserve has cut its discount rate by 25 basis point to 3.25% from 3.5% earlier and this will be effective immediately. The Federal Reserve also extended the term of discount-window loans to 90 days from the 30 days. Yen has hit 12 year high of 96.54 per dollar.On Friday, the Dow Jones Industrial Average (DJIA) closed lower by 194.65 points at 11,951.09. The S&P 500 (SPX) index decreased by 27.34 points to close at 1,288.14 and the NASDAQ Composite (RIXF) slipped by 51.12 points to close at 2,212.49.Today the major stock markets in Asia are trading weak. Hang Seng is trading lower by 1148.72 points at 21,088.39 followed by Japan''s Nikkei trading down by 514.61 points at 11,726.99 and Taiwan Weighted trading at 7,929.23 down by 232.16 points.Indian ADRS closed in red. Wipro, infosys and Satyam fell by (3.19%), (2.83%) and (1.56%) respectively.The FIIs on Friday stood as net seller in equity. The gross equity purchased was Rs3,457.70 Crore while the gross equity sold stood at Rs3,630.20 Crore. Therefore, the net investment of equity reported was (Rs172.50 Crore).Today, Nifty has support at 4,452 and resistance at 4,770 and BSE Sensex has support at 14,873 and resistance at 15,875.

Post Session Market

The benchmark indices of Indian stock market ended the day with a hefty gain mainly due to the substantial buying in frontline stocks. The market opened flat and was bit volatile during the first hour of trade. However, at last hour it moved up significantly and finally closed at its higher level. The BSE Sensex surged 403.17 points or 2.63% to close at 15,760.52 and in line with this, the NSE Nifty moved up 122.20 points or 2.64% to close at 4,745.80. In Sensex 25 stocks ended the day in green zone while 5 stocks witnessed a decline. On broader term, BSE-100, BSE-200 and BSE-500 moved with Sensex as it grew by 2.66%, 2.44% and 2.28% respectively. Against this, the BSE Midcap and Smallcap closed flat with a marginal gain of 0.85% and 0.05% respectively. All the BSE sectoral indices ended the day in green territory with BSE Realty, BSE CD, BSE Oil & Gas and BSE Metal are the main gainers.

The BSE Realty index moved up 350.41 points to close at 7,712.83. Penland and DLF are main gainers with 10.82% and 7.83% growth respectively.

The BSE CD index surged 156.16 points to close at 4,028.80 as Titan Industries improved by 9.22%.

The BSE oil & gas jumped by 332.84 points to close at 10,354.81 as Essar Oil and Cairn India ended with 5.04% and 4.79% growth respectively.

The BSE Metal index increased by 470.91 points to close at 14,844.87 as Sterlite Industries and Hindalco witnessed a hefty growth of 6.14% and 4.52% respectively.

The BSE Bankex increased by 246.29 points to close at 8,323.09. Axis Bank and Kotak Bank are the main gainers with 7.18% and 5.58% growth respectively, whereas Federal Bank and Canara Bank are the main losers with 4.06% and 1.22% decline.

The BSE Auto index ended with marginal gain of 3.42 points to close at 4,539.07 as majority of the stock ended the day with a marginal change.

Mid Session market

The market gets a boost after the break for the sun outage as the buying intensified across the sectoral indices. The Metal, Capital Goods, Oil & Gas and Bank are facing buying pressure across th board. The Sensex has touched an intra day high of 15,656.73 and low of 15,331.35 mark. The broader market also joined the benchmark indices to gain further grounds. The Mid cap and Small cap remains out of favor as they are facing the selling pressure across the counters. The overall market breadth remains negative, as 1399 stocks are declining while 1052 stocks are advancing on BSE. The BSE Mid cap is lower by 7.31 points at 6,520.36 and the BSE small Cap dropped by 15.89 points to trade at 8,059.29.

At 12.58 pm, BSE Sensex was at 15,535.54 higher by 178.19 points and Nifty was at 4,682.45 up by 58.85 points.

BSE Metal index surged 329.91 points to trade at 14,703.87. Major gainers are Hindalco inds 4.38%, SAIL 4.27%, JSW Steel 3.89%, Sesa Goa 3.25%, Sterlite Inds 2.83% and Tata Steel 2.55% and Nalco 1.04%.

BSE Capital goods index advanced by 219.37 points to 13,528.71. Leading are Suzlon Energy 4.46%, L&T 2.93%, Bhel 1.60%, Alstom Projects 1.43%,SKF India 1.13%.

BSE Auto index fell by 40.05 points to trade at 4,495.60. Losers are Hero Honda 4.42%, Amtek 3.85%, Maruti Suzuki 2.85%, M&M 2.80%, Apollo tyres 1.01% and Cummins 0.99%.

BSE Oil & Gas index was trading up by 208.33 points at 10,230.30 as BPCL 4.62%, Cairn India 4.38%, Essar Oil 4.08%, RNRL 3.66% and RPL 3.59% trading higher.

BSE Banks index increased by 190.90 points to trade at 8,267.70. Major gainers are BOI 3.75%, ICICI bank 3.38%, BOB 2.45%, Axis bank 2.25%, Oriental bank 1.11%.

BSE Power index increased by 37.64 points to trade at 3,101.63 as Power Grid 4.87%, R Power 3.91%, Suzlon Energy 3.76% and NTPC 2.60% closed higher.

Pre Session Market

The Indian Market is likely to have a positive opening today as the Asian market is trading on the front foot. On Thursday, the Indian market tumbled and closed in deep red territory backed by the global concerns that whether the US Federal Reserve initiative to infuse $200bn into the global finance system will bring a shy of relief to the credit markets. This led to the heavy selling pressures across the sectoral indices. Tracking the weak global cues, the domestic market opened with a huge gap down and kept on drifting down. From the sectoral front, metal, realty and capital goods indices were the most hit as heavy selling was witnessed from these baskets. The BSE Sensex closed lower 770.63 points at 15,357.35 and NSE Nifty fell by 248.4 points to close at 4,623.60. We expect that the market may remain volatile during the trading session and the declaration of inflation figures by the government in the afternoon will give further direction to the market.

On Thursday, the Dow Jones Industrial Average (DJIA) advanced by 35.50 points to close at 12,145.74. The S&P 500 (SPX) index increased by 6.71 points to close at 1,315.48 and the NASDAQ Composite (RIXF) grew 19.74 points to close at 2,263.61.

Today the major stock markets in Asia are trading higher. Hang Seng is trading up by 333.16 points at 22,634.80 followed by Japan''s Nikkei trading higher by 64.19 points at 12,497.63 and Taiwan Weighted trading at 8,260.15 up by 49.16 points.

Indian ADRS closed in mixed. Satyam and Wipro grew by (3.89%) and (0.09%) respectively while Infosys dropped by (1.13%). HDFC bank and ICICI bank dropped by (3.72%) and (1.77%) respectively.

The FIIs on Thursday stood as net buyer in equity. The gross equity purchased was Rs4,150.80 Crore while the gross equity sold stood at Rs4,007.20 Crore. Therefore, the net investment of equity reported was Rs143.60 Crore.

Today, Nifty has support at 4,528 and resistance at 4,648 and BSE Sensex has support at 15,028 and resistance at 15,782.

Post Session Market

The Indian market closed in deep red territory backed by the global concerns that whether the US Federal Reserve initiative to infuse $200bn into the global finance system will bring a shy of relief to the credit markets. This led to the heavy selling pressures across the sectoral indices. Tracking the weak global cues, the domestic market opened with a huge gap down and kept on drifting down further throughout the trading session. Due to the lack of investors interests in buying, the market kept on hovering in the trading session. From the sectoral front, metal, realty and capital goods indices were the most hit as heavy selling was witnessed from these baskets. The BSE Sensex closed lower 770.63 points at 15,357.35 and NSE Nifty fell by 248.4 points to close at 4,623.60. From the Sensex pack, 29 stocks closed in red and the Sensex touched an intraday low of 15,228.99. The BSE Mid Cap and Small Cap also closed lower by 382.18 points and 456.74 points at 6,527.67 and 8,075.18 respectively.

The Metal index declined by 1314.95 points to close at 14,373.96. Major losers are SAIL (11%), Jindal Steel (9.97%), Sesa Goa (9.71%), Tata Steel (9.04%), Jindal Stainless (8.44%).

The Capital Goods index closed lower by 792.22 points at 13,309.34. Major losers are Kirloskar BR (10.67%) in line with Suzlon Energy (10.61%), Alstom Projects (9.49%), Praj inds (8.29%), BHEL (6.63%) and L&T (4.60%).

The Oil and Gas index fell by 620.12 points to close at 10,021.97 as Cairn India (12.17%), RNRL (11.41%), Essar oil (10.72%), RPL (6.70%), Reliance Inds (5.66%) closed lower.

The Bankex index dropped by 478.05 points to close at 8,076.80 as Kotak bank (9.65%), Cent BOP (7.07%), Yes bank (6.48%), SBI (6.21%), Union bank (5.89%), ICICI bank (4.77%) closed in red.

The IT index closed lower by 160.50 points at 3,311.91 as Educomp solutions (11.48%), Karut Net (9.99%), Finance Tech (8.68%), Niit Techno (8.20%), Wipro (6.37%) and Infosys (3.65%) closed lower.

Mid Session Market

The market has lost further grounds as the markets reopen after sun outage as strong selling in scrips continued across the board. The Metal, Capital Goods, Realty and Oil & Gas are facing the heavy selling pressure today. The BSE Sensex has gone below the 15,500 mark and the NSE Nifty has gone below the 4,700 mark. The broader market has also joined the rally as sustained profit booking continued in the Mid Cap and Small Cap stocks also. The overall market breadth remains extremely negative, as 304 stocks are advancing while 2002 stocks are declining on BSE. The BSE Mid cap is lower by 265.57 points at 6,644.28 and the BSE small Cap dropped by 319.50 points to trade at 8,212.42.

At 12.50 pm, BSE Sensex was at 15,499.49 down by 628.49 points and Nifty was at 4,655.75 down by 216.25 points.

BSE Metal index dropped by 734.98 points to trade at 14,953.93. The major losers are SAIL (7.34%), Hindalco Industries (5.73%), Sterlite Industries (4.57%).

BSE Capital goods index dropped by 694.08 points to 13,407.48. The main losers are BHEL (6.95%), L&T (5.71%), Siemens (4.96%) and ABB (4.03%).

BSE Auto index slipped by 49.05 points to trade at 4,600.46. Leading to its fall are Tata Motors (2.95%), Hero Honda (1.79%) and Mahindra & Mahindra (1.61%).Maruti Suzuki has firmed up a massive expansion plan of its service network and plans to expand it to 1700 towns and cities from the current about 1200. The company plans to increase the number of service stations and workshops to over 3,800, from the about 2600 currently.

BSE Oil & Gas index was trading 491.57 points lower at 10,150.52 as Cairn India (8.47%), RPL (4.79%), ONGC (4.24%) and Gail India (2.40%) are trading in red.

BSE Banks index slipped by 329.48 points to trade at 8,225.37. The top losers are HDFC Bank (4.23%), PNB (4.03%), ICICI Bank (3.98%) and SBI (3.71%).

BSE Power index decreased by 164.54 points to trade at 3,104.87 as Reliance Energy (8.20%), Suzlon Energy (5.90%), NTPC (5.13%) are trading in red.

Pre Session Market

The Indian Market is likely to have a negative opening today due to unfavoring cues from the global markets. On Wednesday, the market closed with marginal gains after a strong start to the trading session. The market opened with handsome gains backed by the US Federal Reserve announcement to infuse $200bn into the global financial system to ease the credit crunch and to pump more liquidity into the economy. But the market was unable to sustained at higher levels gave up all its initial gains due to poor industrial production data that slipped to 5.3% in January 2008 as compared with 11.6% in January 2007. Growth in the manufacturing sector declined to 5.9% in January 2008 as against 12.3% in January 2007.This fall led to the negative sentiments into the market, which in turn results in heavy profit booking across the counters. The BSE Sensex closed up by 4.83 points at 16,127.98 and NSE Nifty closed higher by 6.1 points at 4,872. We expect that the market may trade lower during the trading session.

On Wednesday, the US market closed in negative. The Dow Jones Industrial Average (DJIA) closed lower by 46.57 points at 12,110.24 along with S&P closed down by 11.88 points at 1,308.77 and NASDAQ fell by 11.89 points at 2,243.87.

Today the major stock markets in Asia are trading weak. Hang Seng is trading lower by 549.89 points at 22,872.87 followed by Japan''s Nikkei trading down by 261.08 points at 12,600.05 and Taiwan Weighted trading at 8,379.94 down by 55.36 points.

Indian ADRS closed in red. Satyam, Infosys and Wipro fell by (9.37%), (3.60%) and (2.21%) respectively. ICICI bank and HDFC bank dropped by (5.35%) and (3.05%) respectively.

The FIIs on Wednesday stood as net seller in equity. The gross equity purchased was Rs4,610 Crore while the gross equity sold stood at Rs5,782.40 Crore.

Therefore, the net investment of equity reported was (Rs172.40 Crore).Today, Nifty has support at 4,712 and resistance at 4,914 and BSE Sensex has support at 15,534 and resistance at 16,286.

Post Session Market

The market closed with marginal gains after a strong start to the trading session. The market opened with handsome gains backed by the US Federal Reserve announcement to infuse $200bn into the global financial system to ease the credit crunch and to pump more liquidity into the economy. But the market was unable to sustained at higher levels gave up all its initial gains due to poor industrial production data. The industrial production (IIP) slipped to 5.3% in January 2008 as compared with 11.6% in January 2007, the lowest since October 2006, when it stood at 4.51%. Growth in the manufacturing sector declined to 5.9% in January 2008 as against 12.3% in January 2007.This fall led to the negative sentiments into the market, which in turn results in heavy profit booking across the counters. The market breadth which was strong earlier also turned weak in the final trading hours of the session. From the sectoral front, metal stocks faced heavy selling pressures while realty stocks seemed to attract the investors confidence. The BSE Sensex closed up by 4.83 points at 16,127.98 and NSE Nifty closed higher by 6.1 points at 4,872. The BSE Mid Cap and Small Cap also closed lower by 82.99 points and 27.18 points at 6,909.85 and 8,531.92 respectively.

The Capital Goods index closed up by 40.91 points at 14,101.56. Gainers are Bharat Electricals (3.53%), ABB (2.33%), Punj Lloyd (1.54%), BHEL (1.19%).

The Oil and Gas index advanced by 81.45 points to close at 10,642.09. Major gainers are Cairn India (7.24%), ONGC (2.02%), Reliance Inds (1.26%), RNRL (0.95%).

The Metal index declined by 383.83 points at 15,688.91. Major losers are SAIL (6.45%), Tata Steel (6.42%), Hindalco Inds (5.47%), Jindal Stainless (4.99%).

The Bankex index grew by 67.61 points to close at 8,554.85 as BOI (4.75%), Axis bank (3.56%), ICICI bank (2.98%), Kotak bank (2.81%), HDFC bank (2.69%) closed higher.

From the IT index, Aptech (5.44%), I-Flex (4.38%), Satyam (4.19%), Infosys (3.12%), Niit Techno (2.66%) closed lower.

Mid Session Market

The market is still trading in green but off the day''s high as some selling pressure witnessed in the selective scrips mainly led by the Metal and Auto stocks. However, the significant buying is seen in the Realty, Capital Goods, Bank and Oil & Gas stocks. The broader market has also joined the rally as sustained buying also witnessed in the Mid Cap and Small Cap stocks. The overall market breadth remains positive, as 1711 stocks are advancing while 800 stocks are declining and the 44 stocks remained unchanged on BSE. The BSE Mid cap is higher by 38.08 points at 7,030.92 and the BSE small Cap advanced by 107.13 points to trade at 8,666.23.

At 12.55 pm, BSE Sensex was at 16,243.07 up by 119.92 points and Nifty was at 4,906.85 up by 40.95 points.

BSE Capital goods index surged by 191 points to 14,252. The main gainers are Punj Lloyd (4%), ABB (2.70%), L&T (1.47%) and Bharat Electrical (2.91%).

BSE Health Care index inclined by 63.71 points to trade at 3,897.22 as Ranbaxy Lab. (1.99%), GSK Pharma (1.59%) and Sun Pharma (0.48%) are trading in positive.

BSE Auto index slipped by 4.04 points to trade at 4,665.30. Leading to its fall are Hero Honda (1.63%), Tata Motors (1.53%), Maruti Suzuki (0.81%) and Bajaj Auto (0.14%).

BSE Oil & Gas index was trading 208.02 points higher at 10,768.66 as Cairn India (4.04%), ABN Offshore (2.51%), ONGC (1.14%) and Essar Oil (1.11%) are trading in green.

BSE Banks index advanced by 229.90 points to trade at 8,717.14. The top gainers are HDFC Bank (4.73%), ICICI Bank (2.57%) and PNB (1.38%).

BSE Power index increased by 63.16 points to trade at 3,334.68 as Reliance Energy (3.81%), Tata Power (2.35%), Suzlon Energy (1.48%) and NTPC (0.52%) are trading in green.

BSE Metal index dropped by 112.36 points to trade at 15,960.38. The major losers are Hindalco Industries (4.93%), Tata Steel (3.3%), SAIL (3%) and Sterlite Industries (1.27%).

Pre Session Market

The Indian Market is likely to have a strong positive opening today as the cues from the global markets are in favor as well as due to announcement by US Federal Reserve to lend $200bn into the global financial system of US. On Tuesday, the Indian market closed with handsome gains led by heavy buying across the sectoral indices. Though the market opened on a disappointing note but managed to recover from the initial fall.The BSE Sensex closed higher by 199.43 points at 16,123.15 and NSE Nifty closed up by 65.5 points at 4,865.90. We expect that the market will extend its yesterday''s gains and will see the Bull Run during the trading session.

The U.S. Federal Reserve along with other central banks like European Central bank, Bank of Canada and Swiss National Bank on Tuesday announced that they will pump more liquidity into the global financial system to ease the credit crunch. For this it will lend up to 200 billion U.S. dollars of Treasury securities to cash-strapped financial institutions with term of 28 days instead of overnight under an existing program. The Fed''s latest move was seen as a direct lifeline to investment banks.

On Tuesday, the US market closed in green. The Dow Jones Industrial Average (DJIA) surged 416.66 points to close at 12,156.81 along with S&P closing higher by 47.28 points at 1,320.65 and NASDAQ closed up by 86.42 points at 2,255.76.

Today the major stock markets in Asia are trading firm. Hang Seng is trading higher by 653.36 points at 23,648.71 followed by Japan''s Nikkei trading up by 341.56 points at 12,999.84 and Taiwan Weighted trading at 8,535.10 up by 153.50 points.

The FIIs on Tuesday stood as net seller in equity. The gross equity purchased was Rs4,306.80 Crore while the gross equity sold stood at Rs5,444.40 Crore. Therefore, the net investment of equity reported was Rs1,137.60 Crore.

Today, Nifty has support at 4,840 and resistance at 5,087 and BSE Sensex has support at 16,028 and resistance at 16,989.

Post Session Market

The Indian market after a lower opening suddenly gain grounds and managed to end in the positive zone as sustained buying continued across the board. Further, the Asian Market closed higher wit h the European market that open after the India Market are also trading with significant gain. From the sectoral front, the capital goods, Realty and Oil & Gas are the top performer of the day. However, the IT stocks are out of favor today and ended in red. The broader market has finally outperformed the benchmark index as strong buying also witnessed in the Mid Cap and Small Cap stocks.

The BSE Sensex closed higher by 199.43 points at 16,123.15 and NSE Nifty closed higher by 65.50 points at 4,865.90. The BSE Mid Cap and Small Cap also closed higher by 224.92 points and 310.37 points at 6,992.84 and 8,559.10 respectively.

The Metal index closed up by 273.13 points at 16,072.74. Major gainers are Ispat Industries (7.06%), Jindal Steel (6.97%), Sesa Goa (4.14%) and Hindalco Industries (3.07%).

The Capital Goods index surged 719.56 points to close at 14,060.65. Major gainers are Punj Lloyd (6.99%), L&T (6.90%), Siemens (6.12%) and Praj Industries (5.61%).

The Power index advanced by 159.18 points to close at 3,271.52 as Torent Power (15.47%), Tata Power (7.88%), Power Grid (7.66%), Reliance Power (6.90%) and GVK Power (6.29%) closed lower.

The Bankex index grew by 48.25 points to close at 8,487.24. Gainers are Kotak Bank (9.54%), Union Bank (8.28%), Kotak Bank (9.54%), BOB (3.47%), CBOP (2.12%).

The Oil and Gas index closed higher by 334.97 points at 10,560.64. Major gainers are Gal India (6.78%), Cairn India (3.47%), ABN Offshore (4.03%), Cairn India (3.47%) and RPL (2.78%).

From the IT index, HCL Technologies (3.16%), Wipro (2.40%), Satyam (2.98%), TCS (1.01%) closed lower.

Mid Session Market

The market is still trading in green with significant gains on account of sustained buying continued across the board mainly led by the Capital Goods, Realty, Metal and Oil & gas stocks. The broader market has also joined the rally as strong buying also witnessed in the Mid Cap and Small Cap stocks. The overall market breadth remains extremely positive, as 1900 stocks are advancing while 590 stocks are declining on BSE. The BSE Mid cap is higher by 170 points at 6,938 and the BSE small Cap advanced by 286 points to trade at 8,535.

At 12.31 pm, BSE Sensex was at 16,121 up by 197 points and Nifty was at 4,861.90 up by 61.50 points.

BSE Capital goods index surged by 645 points to 13,986. The main gainers are L&T (7%), Siemens (6.09%), BHEL (1.99%) and ABB (0.72%).

BSE Metal index grew by 219.75 points to trade at 16,019.36. The major gainers are Hindalco Industries (1.52%), Tata Steel (1.23%) and NALCO (0.85%).

BSE Auto index increased by 60 points to trade at 4,714. Leading to its gain are Bajaj Auto (7.35%), Mahindra & Mahindra (2.24%), TVS Motors (1.85%) and Ashok Leyland (1.85%).

BSE Oil & Gas index was trading 259 points higher at 10,485 as Gail India (5.60%), RPL (3.64%), ONGC (3.40%) and Cairn India (2.23%) are trading in green.Gail India has shown interest in buying the Asian Development Bank''''s 5.2% stake in Petronet LNG Ltd.

BSE Banks index advanced by 162 points to trade at 8,601. The top gainers are HDFC Bank (2.44%), SBI (2.23%) and PNB (1.96%).

BSE Power index increased by 98 points to trade at 3,210 as Tata Power (4.26%), NTPC (3.23%), Suzlon Energy (2.80%) and Reliance Energy (0.72%) are trading in green.Tata Power is looking at expanding its reach by building power plants in Southeast Asia. It is also eyeing mines in Indonesia despite high coal prices and increasing cost of acquisitions.

BSE IT index fell by 11 points to trade at 3,560 as Satyam (3.90%), HCL Technologies (1.10%), TCS (1.08%) and Infosys Technologies (0.84%) are trading in red.

Pre Session Market

The Indian Market is likely to have a negative opening today as the cues from the global markets are not in favor. On Monday, the Indian market made a smart recovery during the trading session after a sharp fall at the initial session. The market opened a disappointing note backed by the unfavoring cues from the global markets and tumbled down due to heavy selling pressures. The market staged a strong recovery after the mid session as the buying intensified across the sectoral indices and kept on marching forward. From the sectoral front, the capital goods was the worst hit as most selling was witnessed from these baskets while metal and oil & gas posted a smart recovery as most buying was seen from these counters. The BSE Sensex closed lower by 51.80 points at 15,923.72 and NSE Nifty closed higher by 28.8 points at 4,800.40. We expect that the volatility will rule the market during the trading session.

On Monday, the US market closed in negative. The Dow Jones Industrial Average (DJIA) closed lower by 153.54 points at 11,740.15 along with S&P closed down by 20 points at 1,273.37 and NASDAQ fell by 43.15 points to close at 2,169.34.

Today the major stock markets in Asia are trading mixed. Hang Seng is trading lower by 317.45 points at 22,387.60 while Japan''s Nikkei trading up by 17.20 points at 12,549.33 and Taiwan Weighted trading at 8,321.30 up by 21.93 points.

Indian ADRs ended in negative. Wipro fell by (4.10%) along with Infosys by (3.09%) and Satyam by (3%). ICICI bank and HDFC bank dropped by (4.49%) and (1.92%) respectively. MTNL slipped by (1.12%).

The FIIs on Monday stood as net buyer in equity. The gross equity purchased was Rs5,447.60 Crore while the gross equity sold stood at Rs4,340.80 Crore. Therefore, the net investment of equity reported was Rs1106.90 Crore.

Today, Nifty has support at 4,706 and resistance at 4,857 and BSE Sensex has support at 15,628 and resistance at 16,389.

Post Session Market

The Indian market made a smart recovery during the trading session after a sharp fall at the initial session. The market opened a disappointing note backed by the unfavoring cues from the global markets and tumbled down due to heavy selling pressures. The market staged a strong recovery after the mid session as the buying intensified across the sectoral indices and kept on marching forward. A lot of volatility was witnessed during the trading session. From the sectoral front, the capital goods was the worst hit as most selling was witnessed from these baskets while metal and oil & gas posted a smart recovery as most buying was seen from these counters. The BSE Sensex closed lower by 51.80 points at 15,923.72 and NSE Nifty closed higher by 28.8 points at 4,800.40. The BSE Mid Cap and Small Cap also closed lower by 36.47 points and 160.45 points at 6,767.92 and 8,248.73 respectively.

The Metal index closed up by 346.01 points at 15,799.61. Major gainers are Tata steel (4.78%), Sterlite inds (3.17%), SAIL (1.72%).

The Capital Goods index declined 684.03 points to close at 13,341.09. Major losers are L&T (8.17%), BHEL (6.45%), Alstom Projects (5.59%), Havell India (5.43%), Siemens (4.28%) and SKF (3.61%).

The Realty index fell by 76.62 points to close at 7,705.76 as Mahindralife (11.62%), Purvankara (10.71%), Indbull Real (6.03%), Anant Raj (3.37%), Sobha Dev (3.90%), Unitech (3.09%) closed lower.

The Bankex index dropped by 38.47 points to close at 8,438.99. Losers are Axis bank (4.09%), Karnataka bank (3.32%), ICICI bank (2.42%), BOB (1.79%), Federal bank (1.19%), BOI (1.18%).

The Oil and Gas index closed higher by 202.76 points at 10,225.67. Major gainers are RPL (7.82%), Essar Oil (7.59%), Cairn India (6.88%), HPCL (1.89%), ONGC (1.36%), RNRL (1.17%).

From the IT index, Finance Tech (8.55%), Karut Net (7.61%), NIIT (5.38%), Satyam (3.72%), Wipro (3.14%) and Rolta India (2.48%) closed lower.

Mid Session Market

The market is still trading in the deep red with a heavy gap down after the market reopens from the Sun Outage period. The market is facing strong selling pressure across the board mainly led by the Capital Goods, Metal, Bank and Realty stocks. The BSE Mid Cap and Small Cap are also trading in line with the benchmark index. The overall market breadth remains extremely negative, as 234 stocks are advancing while 2243 stocks are declining and the 23 stocks remained unchanged on BSE. The BSE Mid cap is lower by 287.14 points at 6,517.25 and the BSE small Cap dropped by 433.58 points to trade at 7,975.60.

At 12.31 pm, BSE Sensex was at 15,608.22 down by 367.30 points and Nifty was at 4,704.70 down by 66.90 points.

BSE Capital goods index dropped by 1,090.97 points to 12,934.15. The main losers are L&T (10.25%), BHEL (6.03%), Siemens (5.26%) and ABB (2.81%).

BSE Metal index dropped by 427.14 points to trade at 15,026.46. The major losers are NALCO (4.46%), Hindalco Industries (4.06%), SAIL (3.02%) and Tata Steel (1.29%).

BSE IT index declined by 49.39 points to trade at 3,589.05 as Wipro (2.16%), Satyam (2.14%), and TCS (0.47%) are trading in red.

BSE Health Care index declined by 86.11 points to trade at 3,739.84 as GSK Pharma (4.59%), Ranbaxy (2.53%), Dr. Reddy (1.76%) and Sun Pharma (0.46%) are trading in negative.

BSE Auto index decreased by 108.85 points to trade at 4,525.85. Leading to its fall are Bajaj Auto (5.83%), Maruti Suzuki (3.66%), Hero Honda (1.04%) and Tata Motors (0.60%).

BSE Oil & Gas index was trading 287.88 points lower at 9,735.03 as BPCL (1.38%), RPL (1.30%), and Gail India (1.27%) are trading in red.Cairn India has bid on oil and exploration blocks 001 and 002 in Sri Lanka under the ongoing Sri Lankan Licensing round and said it will undertake exploratory drilling in new areas in Rajasthan.

BSE Banks index slipped by 328.18 points to trade at 8,941.28. The top losers are ICICI Bank (3.92%), HDFC Bank (3.35%), SBI (1.90%) and PNB (1.40%).

Pre Session Market

The Indian Market is likely to have a negative opening today due to weak cues from he global markets. On Friday, The Indian market closed in the deep negative territory today with the BSE Sensex closed below the physiological mark of 16000 and the NSE Nifty settled below the 4800 mark. The market tumbled since the initial bell tracking the weak cues from the global market and kept on hovering in the negative territory throughout the trading session. Also, the rising of inflation to 5.02% in the week ended February 2008 adds to the negative sentiments in the market. The inflation grew to nine months high due to rise in prices of fruits, vegetables and oil seeds. The BSE Sensex closed lower by 566.56 points at 15,975.52 and NSE Nifty fell by 149.80 points to close at 4,771.60. We expect that the market may remain volatile during the trading session.

On Friday, the US market was closed in red. The Dow Jones Industrial Average (DJIA) closed lower by 146.70 points at 11,893.69 along with S&P closed down by 10.97 points at 1,293.37 and NASDAQ fell by 8.01 points to close at 2,212.49

Today the major stock markets in Asia are trading weak. Hang Seng is trading lower by 289.89 points at 22,211.44 along with Japan''s Nikkei trading down by 183.02 points at 12,599.78 and Taiwan Weighted trading at 8,336.70 down by 194.68 points.

Indian ADRs ended in negative. Satyam fell by (5.69%) along with Wipro by (4.71%) and Infosys by (3.02%). ICICI bank and HDFC bank fell by (4.87%) and (4.86%) respectively.

The FIIs on Friday stood as net seller both in equity as well as debt. The gross equity purchased was Rs2,852.50 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs2,982.20 Crore and gross debt sold stood at Rs414.30 Crore. Therefore, the net investment of equity reported was (Rs129.70) Crore and net debt was (Rs414.30 Crore).

Today, Nifty has support at 4,706 and resistance at 4,857 and BSE Sensex has support at 15,628 and resistance at 16,389.