Monday, April 7, 2008

Post Session Market

The Indian market closed with handsome gains on the back of heavy buying across the counters. The market opened on a firm note tracking the favoring cues from the Asian markets and kept on marching forward throughout the trading session. The investors showed their eagerness in buying to book their positions. From the sectoral front, the metal, oil & gas and bankex stocks remained in the lime-light as most buying was seen from these baskets.

The BSE Sensex closed higher by 413.96 points at 15,757.08 and NSE Nifty closed up by 114.2 points at 4,761.20. The Sensex touched an intraday high of 15,851.88 and low of 15,321.56. The BSE Mid Caps and Small Caps closed up by 81.87 points and 62.95 points at 6,344.72 and 7,777.94 respectively.

The market breadth was strong as 1556 stocks closed in green as against 1071 stocks that closed in red.

The Metal index surged 371.21 points to close at 13,811.56. Major gainers are Gujrat NRE 13.67%, Nalco 4%, Sterlite inds 3.77%, Tata Steel 2.82%, Hindalco inds 2.55%, Welspun Gujarat 2.39% and Jindal Saw 1.30%.

The Oil and Gas index closed higher by 267.48 points at 10,550.12. Gainers are Reliance inds 3.60%, Essar Oil 2.72%, RPL 2.63%, Aban Offshore 2.14%, RNRL 1.47% and ONGC 1.19%.

The IT index grew by 61.17 points to close at 3,748.57 as Aptech 7.57%, Tech Mahindra 4.86%, Wipro 4.42%, Educomp Solutions 3.24%, Finance Technologies 2.98%, Rolta India 2.68%, Satyam 1.62% and Mphasis 1.54% closed in green.

The Bankex index increased by 314.13 points to close at 7,904.09. Scrips that gained are Union bank 7.92%, BOI 6.38%, ICICI bank 5.97%, IOB 5.79%, BOB 4.73%, PNB 4.40%, SBI 4.24% and Canara bank 4.21%.

The BSE Realty index inched up by 136.60 points to close at 7,483.56 as HDIL 6.61%, Phoenix mill 6.58%, Unitech 3.29%, Penland 2.81%, DLF 1.65%, Sobha developers 0.92% and Omaxe 0.69%.

The Capital Goods index closed up by 135.58 points at 12,755.93 as Suzlon energy 6.19%, Crompton Greaves 4.42%, Kirloskar BR 2.12%, SKF India 1.99%, Praj Inds 1.78%, L&T 1.25% closed in positive.

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