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Tuesday, August 28, 2007

Post Market Commentary


The markets closed the session on a positive note as BSE Sensex closed higher by 76.81 points at 14,919.19 and the Nifty grew 18.1 points to end at 4,320.70. The BSE mid cap and Small cap closing higher by 48.98 points and 82.92 points at 6,409.64 and 7,808.44 respectively.

BSE Metal index grew by 110.63 points to close at 10,748.27. Pushing it up was SH.Precoated (9.99%), Hindalco 3.30%, Nalco 1.53% and Tata Steel 0.40% closed in green while Sterlite industries (0.47%), JSW Steel (0.39%) and Bhushan Steel (0.34%) closed in red.

BSE oil & gas index added 113.37 points to close at 7,839.17. IPCL (1.72%) led the gainers pack followed by IOCL (1.57%), GAIL India (0.56%) and BPCL (0.22%) while ONGC (1.09%) , Reliance Petroleum (0.27%) and HPCL (0.24%) are the losers.

BSE IT index grew by 85.37 points to 4,558.76 as Finance technology (9.20%), I-Flex (5.13%), Satyam (2.48%), Infosys (1.83%), Wipro (0.62%) and TCS (0.25%) closed in positive.

BSE Capital goods index gained by 37.20 points to close at 13,117.22 with L&T (0.54%) and ABB (0.93%) closed in positive while Siemens (0.56%) and BHEL (0.46%) closed in negative.

BSE Auto Index dropped 6.66 points to close at 4,676.31 as Tata Motors (1.96%), Hero Honda (1.65%) and Mahindra & Mahindra by (0.04%) are trading in red while Bajaj Auto (0.24%) and Maruti Udyog (0.21%) are closed in green.

BSE Bankex index ended lower by 18.77 points at 7,636.21 with SBI (0.50%), ICICI bank (2.43%) and Andhra Bank (0.79%) are closed in red while HDFC Bank (2.73%), PNB (1.15%) and IDBI Bank (0.30%) closed in green.

BSE Health care index closed marginally higher by 6.10 points at 3,493.43 as Nicholas Piramal (4.28%), Sun pharma (0.57%), Dr Reddy Lab (0.48%), Cipla (0.23%), Biocon (0.14%) and Glaxosmithkline (0.07%) closed in green.

BSE FMCG index advanced by 18.73 points at 1,930.93 with Tata Tea (1.78%), United spirit (1.52%), ITC (1.33%) and Britannia (0.30%) closed in green while Colgate palm (0.42%) closed in red.