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Monday, February 04, 2008

Post Market Commentary - Feb 4 2008


The market galloped during the trading session to close with handsome gains on the back of heavy buying across the sectoral indices scrips. The market opened on a firm note taking the favoring cues from the global markets and march forward to gains further grounds during the session. But the market lost some of its gains after the mid session as the market was unable to sustain at higher levels due to selling pressures. The Mid Caps and Small Caps also joined the rally of the benchmark indices as they also faced most buying across the counters. Almost all the sectoral indices closed in green.The BSE Sensex closed higher by 417.74 points at 18,660.32 while NSE Nifty closed up by 146.25 points at 5,463.50. The BSE Mid Cap and Small Cap indices also closed higher by 243.37 points and 289.46 points at 8,004.91 and 10,361.78 respectively.

BSE Metal index closed higher by 528.03 points at 16,438.19. Scrips that grew are JSW Steel (10.95%), Sesa Goa (7.21%), Ispat Inds (6.25%), Bhushan Steel (3.75%), Sterlite Inds (3.98%) and Tata Steel (3.39%).

BSE Oil & Gas index grew by 270.51 points to close at 11,293.36. Gainers are BPCL (12.44%), Aban Offshore (8.31%), IOCL (6.51%), HPCL (5.41%), Cairn India (4.83%).

BSE Auto index closed up by 102.83 points at 5,107.70 as Ashok Leyland (6.89%), Hero Honda (6.21%), Escorts (5.69%), MRF (3.90%), Amtek auto (3.70%), M&M (3.24%) and Tata Motors (2.07%) closed in green.

BSE Bankex index advanced by 220.64 points to close at 11,110.91. Scrips that rallied are Oriental bank (9.13%), Union bank (8.56%), IOB (8.21%), Canara bank (7.95%), PNB (7.91%).

BSE Realty index increased by 644.13 points to close at 10,513.46. Scrips that surged are Purvankara (13.89%), DLF (8.54%), Sobha Dev (8.46%), Indbul Real (7.61%), HDIL (6.46%), Parsvnath (6.08%).

BSE IT index rose by 163.34 points to close at 4,097.61 as Rolta India (23.68%), Educomp Soln (14.45%), Mphasis (11.33%), Tech Mahindra (6.44%), Wipro (6.16%), I-Flex (5.60%) and TCS (5.03%).