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Tuesday, September 18, 2007

Post Market Commentary


The market surged to close the session in a positive territory as BSE Sensex closed higher by 164.69 points at 15,669.12 and Nifty grew by 51.55 points to close at 4546.20. The BSE mid cap and Small cap closed firm as it was up by 69.66 points and 140.66 points at 6,985.03 and 8,780.09 respectively. The market breadth was strong with 1813 stocks advanced and 968 stocks declined.

BSE IT index closed little lower by 1.85 points at 4,385.41 as Rolta India (3.53%), Finance tech (3.40%), Patni Computers (1.16%), HCL tech (0.90%), TCS (0.48%) and Tech Mahindra (0.44%) closed in green.

BSE bankex index surged by 199.77 points to close at 8,290.54 as Bank of Baroda (4.48%), ICICI bank (3.39%), Oriental bank (3.51%), SBI (2.85%), Yes bank (2.79%) and Union bank (1.32%) closed in green.

BSE oil & gas index grew by 126.73 points to close at 8,498.82 as GAIL India (3.58%), ONGC (1.80%), BPCL (1.58%), Reliance industries (1.48%), Reliance petroleum (1.31%) closed higher.

BSE Capital goods index advanced by 158.18 points to close at 13,863.03 as BEML (3.53%), Suzlon energy (3.04%), Siemens (2.93%), Praj industries (2.44%), ABB (1.71%) closed higher.

BSE Health Care Index closed lower by 7.37 points at 3,661.61 as Cipla (2.01%), Nicholas piramal (1.96%), Biocon (1.05%), Cadila health care (0.48%), Dr reddy''s lab (0.20%), Glenmark (0.17%) closed in negative.

BSE Metal index closed higher by 73.54 points at 12,085.12 as Nalco (2.51%), Welspun (1.31%), JSW steel (1.10%), SAIL (0.97%), Tata Steel (0.87%) and Jindal steel (0.67%) closed in positive.

BSE FMCG index grew by 7.17 points to close at 2,097.96 as Bata India (4.48%), Nestle (4.06%), Dabur (3.06%) and Tata tea (2.76%) closed in positive.