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.
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.
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