Wednesday, April 16, 2008

Post Session Market

The Indian market gave up most of its initial gains towards the final trading hours of the session to close with marginally above the previous day closing. Though the market opened on a firm note tracking the favoring cues from the global markets but was unable to sustain at higher levels and gave up most of its gains as the profit booking prevails. From the sectoral front, the IT stocks ruled the market for the second consecutive day following the announcement of quarterly results by Infosys. However the small caps and mid caps posted good gains across the counters.

The BSE Sensex closed higher by 90.53 points at 16,244.19 and NSE Nifty closed up by 7.65 points at 4,887.30. The Sensex touched an intraday high of 16,413.80 and low of 16,198.56. The BSE Mid Caps and Small Caps closed up by 94.68 points and 146.75 points at 6,699.10 and 8,351.14 respectively.

The market breadth was strong as 1864 stocks closed in green as against 816 stocks that closed in red.

Major gainers from the BSE are Bombay Dyeing up (16.70%) along with Chambal Fert (9.32%), GTL Infra (8.44%), Naga Fert (6.97%), Tech Mahindra (6.65%), Century Textiles (6.57%) and Lanco Infra (6.13%).

The IT index surged 144.02 points to close at 4,006.50. Major gainers are Aptech (14.53%), Tech Mahindra (6.65%), NIIT Ltd (6.21%), HCL Tech (5.98%), Infosys (5.90%), Wipro (5.35%).

The Metal index jumped by 116.68 points to close at 14,134.32. Scrips that grew are Sesa Goa (5.46%), Jindal Saw (4.62%), JSW Steel (3.67%), SH. Precoated (2.97%), Bhushan Steel (2.59%), SAIL (1.28%), Jindal Steel (1.21%).

The Oil and Gas index grew by 88.09 points to close at 11,422.02. Gainers are Aban Offshore (3.98%), Cairn India (3.21%), RNRL (1.61%), Gail India (1.51%), Reliance inds (1.38%) and Essar Oil (0.53%).

The Bankex index closed up by 41.31 points at 8,043.71. Scrips that gained are Kotak bank (5%), Andhra bank (2.59%), Canara bank (1.60%), Axis bank (1.54%) and Oriental bank (1.38%).

The Capital Goods index fell by 69.53 points to close at 13,352.06. Losers are Bhel (3.22%), Kir oil (2.83%), Jyoti Structures (1.23%), ABB (1.13%), Suzlon Energy (0.99%) and L&T (0.29%).

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