The recovery in the Asian markets led the domestic market to made a smart recovery towards the final trading hours of the session despite of the poor growth in industrial production figures. India''s industrial production growth has sinked to 3% in March 2008 from 14.8% a year ago. The investors showed some positive attitude towards the end in buying that led the Indian market to close in green. The Indian markets opened weak with the benchmark index slipping over 100 points, on the back of weak global cues and its again drifts down backed by sharp fall in industrial production that led to the negative sentiments to prevail in the market. However, market made a smart turn around towards the end to close with marginal gains. From the sectoral front, the reality stocks were not in favour. As against Friday’s results, today oil and gas stocks were in limelight as most of the buying was seen from this basket. The market breadth was negative as 1,777 stocks closed in red while 920 stocks closed in green.
The BSE Sensex closed higher by 123.83 points at 16860.90 and NSE Nifty went up by 30.05 points to close at 5,012.65. The BSE Mid Caps and Small Cap closed lower by 46.75 points and 102.08 points at 6,975.91 and 8,403.56 respectively.
Losers from the BSE are Grasim Industries Ltd (3.61%), Jai Prakash Associates (1.95%), Mahindra & Mahindra Ltd (1.46%), ACC Ltd (1.45%), DLF Ltd (1.35%), HUL (1.32%), SBI (0.74%) and Bharti Airtel (0.47%).
Gainers from BSE are Ranbaxy Lab (5.27%), Satyam Computers (3.41%), ITC Ltd (2.52%), Housing Development Finance Co. (2.03%), Reliance Comm Ltd(2.01%) and Reliance Energy (1.88%).
The Realty index closed lower by 154.19 points at 7,736.91. Losers are Indiabulls Real (4.17%), Puravankara (3.54%), Penland Ltd (3.01%), Unitech Ltd (2.55%), Sobha Dev (2.31%), and Parsvnath (2.05%).
The Auto index closed down by 35.56 points at 4,688.31. Losers are Bharat Forge (3.71%), MRF Ltd (3.40%), Apollo Tyre (2.41%), Bosch Ltd (1.91%), Cummins India (1.46%) and Mahindra & Mahindra Ltd (1.46%).
The Oil & Gas index closed higher by 112.81 points at 11,193.69. Gainers are Cairn India (10.59%), Gail India (1.54%), Essar Oil Ltd (1.32%), Reliance (1.06%) and Aban Offshore (0.84%) .
The IT index inclined by 62.60 points to close at 4297.84. Major gainers are Mphasis Ltd (6.26%), Satyam Computers (3.41%), Tech Mahindra (2.55%), Finance Tech (2.37%), NIIT Tech (1.95%) and Wipro Ltd (1.30%).
The Bankex index went up by 53.48 points to close at 8565.13 as Axis Bank (4.89%), Union Bank (1.63%), CBoP (1.25%), HDFC Bank (1.24%), and Kotak bank (0.82%) closed in positive territory.
The BSE Sensex closed higher by 123.83 points at 16860.90 and NSE Nifty went up by 30.05 points to close at 5,012.65. The BSE Mid Caps and Small Cap closed lower by 46.75 points and 102.08 points at 6,975.91 and 8,403.56 respectively.
Losers from the BSE are Grasim Industries Ltd (3.61%), Jai Prakash Associates (1.95%), Mahindra & Mahindra Ltd (1.46%), ACC Ltd (1.45%), DLF Ltd (1.35%), HUL (1.32%), SBI (0.74%) and Bharti Airtel (0.47%).
Gainers from BSE are Ranbaxy Lab (5.27%), Satyam Computers (3.41%), ITC Ltd (2.52%), Housing Development Finance Co. (2.03%), Reliance Comm Ltd(2.01%) and Reliance Energy (1.88%).
The Realty index closed lower by 154.19 points at 7,736.91. Losers are Indiabulls Real (4.17%), Puravankara (3.54%), Penland Ltd (3.01%), Unitech Ltd (2.55%), Sobha Dev (2.31%), and Parsvnath (2.05%).
The Auto index closed down by 35.56 points at 4,688.31. Losers are Bharat Forge (3.71%), MRF Ltd (3.40%), Apollo Tyre (2.41%), Bosch Ltd (1.91%), Cummins India (1.46%) and Mahindra & Mahindra Ltd (1.46%).
The Oil & Gas index closed higher by 112.81 points at 11,193.69. Gainers are Cairn India (10.59%), Gail India (1.54%), Essar Oil Ltd (1.32%), Reliance (1.06%) and Aban Offshore (0.84%) .
The IT index inclined by 62.60 points to close at 4297.84. Major gainers are Mphasis Ltd (6.26%), Satyam Computers (3.41%), Tech Mahindra (2.55%), Finance Tech (2.37%), NIIT Tech (1.95%) and Wipro Ltd (1.30%).
The Bankex index went up by 53.48 points to close at 8565.13 as Axis Bank (4.89%), Union Bank (1.63%), CBoP (1.25%), HDFC Bank (1.24%), and Kotak bank (0.82%) closed in positive territory.
No comments:
Post a Comment