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Friday, December 14, 2007

Post Market Commentary


The market closed with marginal loss after facing a lot of volatility during the trading session. The cues fro the global markets are not in favor, which led to the profit booking across the counters. The market keeps on moving in positive and negative region through out the trading session as the volatility gripped the market. But buying at the lower levels led the market to shed most of its losses to closed marginally lower. As usual, both the BSE Mid cap and Small cap outperformed the benchmark indices as they attracted the most investor''s confidence. Most buying is seen from the Health Care and Oil & Gas indices baskets. The BSE Sensex closed lower by 73.56 points at 20,030.83 and NSE Nifty fell 10.4 points to closed at 6,047.70. Overall, the market breadth was strong as 2,082 stocks are closed higher while 830 stocks are closed lower.

BSE Health Care index grew by 106.09 points to close at 4,308.27. Pushed up by Fortis health care (19.49%), Lupin (6.48%), Cadila Health (5.01%), Glennmark (4.55%)

BSE Metal index closed lower by 4.72 points at 19,763 as Gujarat NRE (5.75%), Ispat (4.15%), Sesa Goa (3.24%) and Hind Zinc (3.19%) closed in green while SAIL (1.51%), Tata Steel (1.30%) and Sterlite industries (0.54%) closed in red.

BSE Capital Goods slipped by 199.45 points to close at 20,862.51. Scrips that fell are Areva (3.67%), Crompton Greaves (2.53%), L&T (1.44%), Siemens (1.19%) and BHEL (1.16%).

BSE FMCG closed higher by 32.16 points at 2,263.93. Pushed up by Marico (2.66%), HUL (2.33%), United Breweries (2.22%), ITC (1.88%) and Dabur (0.72%).

BSE Realty index closed flat at 12,400.46 as HDIL (5.72%), Mahindra Life (5.29%), Anant Raj (2.92%) and Parsvnath (1.14%) closed up while Ansal infra (8.38%), Omaxe (5.57%) closed lower.

BSE Oil & Gas index grew by 113.71 points to close at 12,980.95. Scrips that gained are Cairn India (3.32%), Reliance industries (1.99%), ONGC (0.90%) and Aban Offshore (0.15%).