Thursday, April 17, 2008

Post Session Market

The Indian market closed with good gains on the back of heavy buying across the sectoral indices. Tracking the strong favoring cues from the global markets, the domestic market opened with a bang and kept of hovering in the positive territory throughout the trading session. Also, lower than expected inflation figures that stood at 7.14% for the week ended 5 April 2008 as against 7.41% last week gave a boost to the investor’s sentiment. The Small Cap and Mid Cap also remained the centre of attraction as most buying was also seen from these baskets. From the sectoral point, Metal, Realty and Bankex indices posted heavy gains.

The BSE Sensex closed higher by 237.01 points at 16,481.20 and NSE Nifty closed up by 71.1 points at 4,958.40. The Sensex touched an intraday high of 16,570.57 and low of 16,397.17. The BSE Mid Caps and Small Caps closed up by 137.29 points and 180.22 points at 6,836.39 and 8,531.36 respectively.

The Indian stock market will remain closed tomorrow (18-04-2008) for the celebration of Mahavir Jayanti.

Major gainers from the BSE are Chambal Fert up by (23.11%), Tata Tele (14.58%), Naga Fert (12.91%), I-Flex (12.60%), Ispat inds (10.77%), Lanco Infra (10.45%), HDIL (9.25%), Vijaya bank (8.30%), Indus Ind Bank (8.09%) and India bull Real (7.98%).

The Metal index surged 526.81 points to close at 14,661.13. Scrips that jumped are Ispat inds (10.77%), Hind Zinc (7.01%), SAIL (5.62%), Hindalco inds (5.58%), JSW Steel (4.70%), Jindal Steel (4.40%), Gujarat NRE Coke (3.68%) and Tata Steel (3.55%).

The Bankex index closed up by 252.13 points at 8,295.84. Major gainers are HDFC bank (6.95%), Oriental bank (6.83%), BOI (6.42%), CentBOP (5.63%), Allahabad bank (4.99%), Axis bank (4.82%) and Andhra bank (3.54%).

The IT index grew by 144.40 points to close at 4,150.90. Gainers are I-Flex (12.60%), Patni Computers (5.22%), Karut Net (4.69%), Moser Baer (4.45%), Niit techno (4.24%), Satyam (3.28%), Wipro (2.65%).

The Oil and Gas index fell by 10.99 points to close at 11,411.03 as Cairn India (1.90%), HPCL (1.87%), RNRL (1.49%) and RPL (1.1%) closed in green while Gail India (1.83%), IOCL (0.89%), Reliance Inds (0.30%) closed in red.

The Capital Goods index grew by 40.42 points to close at 13,392.48. Scrips that grew are Kirloskar BR (5.69%), Lakshmi Machines (4.36%), BEML (4.10%), Praj Inds (4.09%), Suzlon Energy (3.35%) and Alstom projects (2.5%).

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