Monday, November 26, 2007

Post Market Commentary

The market closed on an impressive note due to strong buying across the heavy weights scrips. The market got off a good start carrying it from the last closing on Friday and closed with heavy gains. Though the market tumbles in the middle but manages to overcome in the final trading hour of the session. The global cues are in favor which led o the Indian market to trade higher. Most buying is seen Metal, Capital goods, oil & gas and Realty indices scrips. The BSE Sensex surged 394.67 points to close at 19,247.54 and Nifty grew by 123.1 points to close at 5,731.70. The Sensex touched an intraday high of 19,360.23 and low of 19,137.66 during the trading session. Overall, the market breadth was strong as 1,820 stocks are closed higher while 986 are closed lower. Both BSE Mid cap and Small cap grew by 155.75 points and 171.82 points to close at 8,384.25 and 10,343.25 respectively.
 
BSE Metal index surged by 930.46 points to closed at 17,524.54. Pushed up by Jindal steel (16.74%), NALCO (14.41%), SAIL (5.32%), Ispat Industries (4.60%), Tata Steel (3.47%)
 
BSE Capital Goods index closed higher by 435.53 points at 19,751.65. Pushing it up are Kirloskar (10.64%), BEML (9.26%), Crompton Greaves (8.45%), Praj Industries (5.59%), Suzlon Energy (4.05%) and SKF (2.38%).
 
BSE Realty index surged 297.91 points to close at 10,081.27. Pushing it up are Ansal Infra (11.01%), Sobha developers (7.15%), Unitech by (6.05%), Anant Raj (3.41%) and Parsvnath by (2.51%).
 
BSE oil & gas index surged by 227.81 points to closed at 12,215.28. Jumped by Cairn (4.38%), ONGC (3.35%), HPCL (2.81%), Reliance industries (2.54%) and Indian Oil (1.61%).
 
BSE Power index grew by 94.38 points to close at 4,376.73 as Crompton Greaves (8.45%), Suzlon energy by (4.05%), Reliance energy by (3.74%), GVK Power (3.67%) closed higher.
 
BSE IT index closed higher by 81.13 points at 4,098.23. Scrips that grew are NIIT ltd by (10.93%), I-FLEX by (7.47%) at Rs1448.80, Rolta India by (6.41%) at Rs676.10, Wipro by (2.41%)

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