Friday, September 28, 2007

Post Market Commentary

The market closed the session on a strong positive note as BSE Sensex surged by 229.17 points to close at 17,150.56 while Nifty grew by 60.05 points to close at 5000.55. Both the benchmark indices i.e. BSE Sensex and Nifty touched their lifetime highs. Sensex touched the intraday high of 17,188.40 while Nifty crossed psycholological mark of 5000 during the trading session. The market rallied towards the end on the back of strong global cues. Overall, the market breadth was little weak as 1477 stocks were closed in red and 1298 stocks were ended up in green while 57 stocks remained unchanged in BSE. The BSE mid cap fell 20.66 points to close at 7,331.96 while Small cap manages to close with gains of 17.21 point at 9,046.55.
 
BSE Metal index surged by 416.96 points to close at 13,502.60 as Sterlite Industries (6.48%), Tata Steel (5.82%), NALCO (4.96%), JSW Steel (2.36%) and SAIL (0.47%) are closed in green.
 
BSE IT index closed firmly at 4,643.43 as it was up by 141.46 points. Infosys (4.79%), HCL Tech. (3.05%), Satyam (2.56%), Tech Mahindra (2.20%), TCS (1.99%) and Wipro (1.26%) closed in green.
 
BSE bankex index improved by 111.72 points to close at 9,229.52 as HDFC Bank (4.26%), SBI (2.05%), AXIS Bank (1.61%), ICICI Bank (0.97%) and Andhra Bank (0.74%) closed higher.
 
BSE oil & gas index grew by 22.16 points to close at 9,639.10 as ONGC (3.74%) and GAIL India (1.15%) closed in green while IOCL (3.09%), RPL (2.77%), HPCL (2.05%) and BPCL (1.27%) closed in red.
 
BSE Capital goods index closed higher by 36.72 points at 14,691.07 as BEML (2.96%), BHEL (2.60%) and Suzlon energy (0.94%) closed higher while ABB (1.93%), Siemens (0.51%) and L&T (0.21%) closed lower.
 
BSE Health Care Index closed up by 28.87 points at 3,720.23 as Glennmark (4.90%), Cipla (3.16%), Nicholas Piramal (3.24%), Pfizer (1.38%) and Dr Reddy (1%) closed in positive.

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