Monday, April 21, 2008

Post Session Market

The Indian Markets posted good gains during the trading session to close on a satisfactory note. Tracking the favoring cues from the global markets irrespective of hike in Cash Reserve Ratio (CRR) by 50 bps by Reserve Bank Of India on last Thursday i.e. 17-04-2008. The market opened with decent gains and kept on hovering in the positive territory throughout the trading session. From the Sectoral point, metal, capital goods and Bankex indices remained in the limelight as most buying was seen from these baskets however IT index gave up its last week winning trend to close on a negative note.

The BSE Sensex closed higher by 258.13 points at 16,739.33 and NSE Nifty closed up by 78.6 points at 5,037. The Sensex touched an intraday high of 16,778.59 and low of 16,611.41. The BSE Mid Caps and Small Caps also closed with handsome gains of 146.87 points and 221.47 points at 6,983.26 and 8,752.83 respectively.

Major gainers from the BSE are Dish TV (17.15%), Praj Inds (15.34%), Biocon (12.79%), Shipping Corporation (9.64%), Bajaj Hind (8.97%), Tata Steel (8.61%), Bombay Dyeing (7.52%), Tata Chemicals (7.30%) and JP Associate (7.27%).

The Metal index surged 553.56 points to close at 15,214.69. Major gainers are Tata Steel (8.61%), Jindal Steel (5.07%), SH.Precoated (4.98%), Jindal Stainless (4.87%), SAIL (4.33%), Ispat Inds (3.19%), Nalco (3.09%) and Hindalco (2.95%).

The Capital Goods index advanced by 276.91 points to close at 13,669.39. Scrips that gained are Praj inds (15.34%), Punj Lloyd (5.80%), BEML (4.41%), Alstom Projects (4.36%), ABB (2.88%), L&T (2.49%) and Suzlon Energy (2.09%).

The Bankex index closed up by 284.88 points at 8,580.72. Gainers are Axis bank (6.83%), BOI (4.91%), Union bank (4.74%), BOB (3.66%), CentBOP (3.55%), SBI (3.47%), ICICI bank (3.39%) and Canara bank by (2.38%).

The IT index fell by 42.76 points to close at 4,108.14. Losers are Tech Mahindra (5.40%), Patni Comp (3.38%), Satyam (2.13%), Mphasis (1.32%), Infosys (1.28%), Wipro (1.21%) and TCS (0.83%).

The Oil and Gas index grew by 105.95 points to close at 11,516.98 as Essar Oil (5.35%), Cairn India (2.72%), RPL (2.57%), Aban Offshore (2.23%), ONGC (1.43%), RNRL (1.33%), HPCL (1.19%), IOCL (0.57%) and BPCL (0.30%).

No comments: