Post Market Commentary

The market ended the session marginally lower after facing the volatility throughout the trading session. The market opened on a weak note backed by negative cues from the global markets. The market got the direction after the declaration of inflation figures by the government that represented that the India''s wholesale price index grew 3.45% in the 12 months ended 15 December 2007 which was lower than the previous week''s rise of 3.65%. Whereas the annual inflation rate was 5.73% during the corresponding week of the previous year. The Realty, Metal and Consumer Durables indices remained in the limelight as most buying is seen from these baskets. As usual, both the Mid Caps and Small Caps indices once again outperformed the benchmark indices as they closed with handsome gains of 145.71 points and 272.55 points at 9,574.57 and 12,901.29 respectively. The BSE Sensex closed marginal lower by 9.77 points at 20,206.95 and NSE Nifty fell by 1.8 points to close at 6,079.70.

BSE Metal index surged 484.26 points to close at 19,951.37. Scrips that pushed up are Gujarat NRE (6.32%), Jindal Steel (5.38%), Hind Zinc (4.96%), Nalco (3.47%), Tata Steel (2.76%).

BSE Realty index closed higher by 471.80 points at 12,551.96. Scris that grew are Parsvnath (7.86%), HDIL (5.99%), DLF (5.31%), Penland (4.98%), Omaxe (4.22%) .

BSE Oil & Gas index grew by 90.06 points to close at 13,213.09 as RNRL (5.46%), Essar Oil (3.74%), IOCL (3.68%), HPCL (2.22%), Cairn India (1.63%) and RPL (1.30%) closed in green.

BSE Bankex index closed up by 26.61 points to close at 11,396.94. Scrips that gained are BOB (5.96%), Federal bank (4.25%), Kotak bank (4.02%), Canara bank (2.89%) and Union bank (2.24%).

BSE IT index fell 26.08 points to close at 4,543.06. Scrips that fell are Wipro (3.52%), TCS (1.83%), Infosys (0.47%) and Satyam (0.40%).

BSE Health Care index increased by 48.42 points to close at 4,336.30. Pushed up are Orchid chemicals (14.54%), Dishman pharma (6.88%), Divi''s lab (5.35%), Matrix labs (3.16%) .