Search Now

Recommendations

Tuesday, November 27, 2007

Post Market Commentary


The market closed on a negative territory due to selling of scrips across the sectoral indices scrips. The market keeps on trading on the negative territory since from the opening bell, as the global cues are not in favor. After a good rally for the last two trading session, the market slipped today. While BSE Realty and Auto indices scrips seems to attract the investor''s confidence as the closed higher. The BSE Sensex fell by 119.81 points to close at 19,127.73 and NSE Nifty slipped by 33.55 points to close at 5,698.15. Overall, the market breadth was weak as 1,478 stocks are closed in red while 1299 are closed in green. Both BSE Mid cap and Small cap closed up by 9.24 points and 28.82 points to close at 8,393.49 and 10,372.07 respectively.

BSE Realty index surged 125.33 points to close at 10,206.60. Pushing it up are Phoenix Mill (4.69%), HDIL (3.50%), India Bull Real (2.94%), Omaxe Ltd.(1.08%) and DLF (0.68%).

BSE Auto index closed higher by 52.58 points at 5,348.21. Pushing it up are Ashok Leyland (16.65%), TVS Motor (12.24%), MRF (8.98%), Apolla Tyre (4.24%).

BSE Metal index dropped by 180.49 points to closed at 17,344.05. Pushed down by Jindal steel (5.94%), Jindal Saw (3.28%), Ispat Industries (2.32%), Hindalco Industries (1.52%) and SAIL (0.57%).

BSE Capital Goods index closed marginally higher by 1.08 points at 19,752.73. Pushing it up are BHEL(2.60%), Thermax (1.07%) and ABB (0.36%). while Kalpataru Power (2.16%), Siemens (1.26%) and L&T (0.11%) are closed lower.

BSE oil & gas index dropped by 18.28 points to closed at 12,197. Pulling it down are RPL (2.96%), RNRL (2.54%), Reliance industries (1.42%) and ONGC by (0.99%).

BSE Power index slipped by 29.23 points to close at 4,347.50 as Tata Power 3.65%, Crompton Greaves 3.22%, Torrent Power 3.12%, Power Grid 2.30% and Reliance energy 1.91% closed lower.

BSE IT index closed higher by 9.25 points at 4,107.48. Scrips that grew I-FLEX (4.75%), Wipro (1.12%), TCS (1.20%), Rolta (1.09%), Tech Mahindra (0.69%).