Search Now

Recommendations

Monday, September 24, 2007

Post Market Commentary


The market closed the session on a strong positive note as BSE Sensex surged by 281.6 points to close at 16,845.83 and Nifty grew by 94.65 points to close at 4,932.20.The BSE mid cap and Small cap closed firmly as it was up by 110.22 points and 68.13 points at 7,310.14 and 8,963.43 respectively.

BSE Metal index surged by 217.71 points to close at 13,030.47 as Jindal steel (5.34%), SAIL (2.72%), Sterlite industries (2.32%), Hindalco (1.89%), JSW steel (1.76%) and Tata steel (1.09%) closed in green.

BSE bankex index grew by 221.65 points to close at 8,961.49 as Andhra bank (5.42%), PNB (5.01%), BOB (2.58%), Allahabad bank (4.01%), ICICI bank (3.18%), HDFC bank (1.78%) and SBI (1.38%) closed higher.

BSE oil & gas index advanced by 311.12 points to close at 9,651.17 as RPL (8.03%), GAIL (7.11%), Reliance industries (3.62%), CAIRN India (3.57%), HPCL (2.46%) and BPCL (1.25%) closed higher.

BSE Capital goods index closed firmly as it was up by 317.54 points at 14,837.71 as Jyoti structures (6.17%), Areva (4.76%), L&T (4.09%), Crompton greaves (3.39%), BHEL (2.24%), Siemens (0.78%) and ABB (0.33%) closed in positive.

BSE IT index closed lower by 78.51 points at 4,349.83 as Infosys (3.22%), Satyam (2.32%), Patni computers (2.02%), Tech Mahindra (1.22%) and TCS (0.89%) closed lower.

BSE Health Care Index closed up by 8.99 points at 3,663.23 as Opto circuits (5.82%), Fortis (3.97%), Glennmark (3.39%), Ranbaxy (2.75%) and Novartis (1.17%) closed in positive.

BSE FMCG index closed flat at 2,153.57. United breweries (10.47%), Marico (2.70%), HUL (2.15%), Colgate (1.06%) and Dabur (0.60%) closed higher.