Monday, September 1, 2008

Post Session Market - 1 Sep 08

Domestic market showed smart recovery during last trading hours and ended the day with marginal losses after trimming its earlier losses. Indian market opened on weak note tracking negative global cues. Further market stayed in negative territory on significant selling pressure and made smart recovery on selective buying from the banking and oil and gas space. The market gained some ground during final trade to end marginally lower on short covering. NSE Nifty ended above 4,300 mark and BSE Sensex around 14,500 level. From the sectoral front, recovery was led by Oil & Gas, Bank, Reality and FMCG stocks. However, Metal, Consumer Durables, Capital Goods and IT stocks were out of favour as witnessed most of the selling from these baskets. Midcap and Smallcap stocks also witnessed recovery as ended marginally lower. The market breadth was positive as 1329 stocks closed in green while 1255 stocks closed in red and 96 stocks remained unchanged.

The BSE Sensex closed lower by 66.02 points at 14,498.51 and NSE Nifty ended down by 11.35 points at 4,348.65. The BSE Mid Caps and Small Caps ended with losses of 0.31 points and 0.25 points at 5,741.98 and 6,891.39. The BSE Sensex touched intraday high of 14,547.41 and intraday low of 14,281.10.

Lossers from the BSE are Ranbaxy Lab (3.61%), Tata Steel (2.67%), Maruti Suzuki (2.56%), Bharti Airtel (2.50%), Reliance Com Ltd (1.71%), Infosys Tech (1.44%), HUL (1.41%), Tata Power(1.14%) and NTPC Ltd (1.11%).

The BSE Metal index plunged 133.91 points to close at 12,214.41. Lossers are Tata Steel (2.67%), NALCO (2.41%), Sesa Goa Ltd (2.05%), JSW SL (1.64%), Gujarat Nre C (1.58%) and Steel Atuhority (1.44%).

The BSE Consumer Durables index dropped 40.17 points to close at 3,800.62. Major lossers are Blue Star L (2.45%), Gitanjali Ge (1.73%), Rajesh Export (0.21%), Videocon Ind 0.77%) and Titan Ind (0.07%).

The BSE Capital Goods index lost 22.84 points to close at 11,863.78. Lossers are Jyoti Struct (2.56%), Siemens Ltd (1.99%), Havells India (1.94%), BSKF India (1.67%), eleocn Eng C (1.45%) and Elecon Eng C (1.07%)

The BSE Oil & Gas index closed higher 29.12 points at 9,688.58. Major gainers are essar Oil Ltd (3.80%), Reliance Pet (0.86%), Gail India (0.82%), ONGC (0.64%), Aban Offshore (0.63%) and Relaince (0.18%).

The BSE Bank index closed up 11.66 points at 7,021.35. Major gainers are Kotak Bank (0.27%), Allahabad Bank (1.43%), Federal bank (1.19%), ICICI Bank Ltd (1.03%) and IDBI Bank Ltd (0.12%).

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