Friday, July 4, 2008

Post Session Market - July 4, 2008

The domestic market concluded today’s session in green with a smart recovery from yesterdays’ losses. Market did not reacted to weak European market and inflation rate, which touched a fresh high of 11.63% for the week ended 21st June 2008 as against 11.42% of the previous week. The domestic market tumbled at opening but soon started to recover and extended its gains to close in positive territory on the back of buying interest from the beaten down sectors like realty, capital goods, power, banking and oil stocks. The BSE Sensex closed above 13,400 points today and NSE Nifty above 4,000. All indices except Metal closed in green and among those Capital Goods, Reality, Power Oil & Gas and Bank stocks outperformed the benchmark index as witnessed most of the buying pressure. The Capital Goods and Reality indices closed with gain of more than 6%. The market breadth was positive as 1696 stocks closed in green while 898 stocks closed in red and 83 stocks remained unchanged.

The BSE Sensex closed higher by 359.89 points at 13,454.00 and NSE Nifty ended up by 90.25 points at 4,016.00. The BSE Mid Caps and Small Cap closed positive with gain of 116.48 points and 100.50 points at 5,278.24 and 6,449.57 respectively. The BSE Sensex touched intraday high 13,509.74 of and intraday low of 13,027.79.

Gainers from the BSE are Reliance Com Ltd (12.50%), JP Associated (10.65%), DLF Ltd (8.56%), BHEL (7.43%), Reliance Infra (7.21%), L&T Ltd (6.53%), HDFC (6.20), Ranbaxy Lab (4.75%),ICICI Bank Ltd (4.67%) and Ambuja Cement (3.89%).

The Capital Goods index gained 679.27 points to close at 10,686.55. Major gainers are Punj Lloyd (14.14%), Alstom Proje (13.23%), Siemens Ltd (11.27%), Areva (9.07), Crompton Greaves (8.48%) and Suzlon Energy (7.34%).

The Reality Index closed higher by 335.13 points at 4,630.35. Gainers are Ansal Infra (13.59%) along with Housing Development (12.88%), Penland Ltd (10.08%), Mahindra Life (9.72%), DLF Ltd (8.56%) and Unitech Ltd (7.79%).

The Banking index closed up by 173.04 points at 5,820.83. Gainers are Indian Overseas Bank (6.60%), Yes Bank (5.48%), Kotak Bank (4.88%), ICICI Bank Ltd (4.67%), Axis Bank (3.42%), and Allahabad Bank (3.18%).

The Oil & Gas index closed higher by 143.69 points at 9,066.16. As Reliance Natural Resources (8.75%), Essas Oil Ltd (6.49%), Aban Offshore (2.77%), Reliance Petroleum (2.06%) and ONGC (1.99%) closed in positive territory.

The Power Index closed higher by 132.61 points at 2,306.24. Gainers are Siemens Ltd (11.27%) along with Tata Power (9.08%), Areva (9.07), Crompton Greaves (8.48%), Suzlon Energy (7.34%), Reliance Infra (7.21%) and ABB Ltd (6.02%).

The Metal index closed down by 75.91 points at 12,037.64. Lossers are Tata steel (2.64%), Sterlite In (2.38%), Maharashtra Seamless (1.04%), Sesa Goa Ltd (1.04%), Gujarat Nre C (0.79%) and Bhushan Steel (0.75%).

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