Post Market Commentary

The market closed on a positive territory on the last trading day of the year 2007. The market opened with handsome gains on the back of favoring cues from the global markets. But all of a sudden it lost the momentum to pare most of its initial gains and gathered the momentum after the mid session as the buying intensified across the counters. The Consumer Durables, Realty and Capital goods index remained the centre of attraction as most buying is seen from these baskets. Both the Mid Caps and Small Caps indices once again outperformed the benchmark indices to closed higher by 214.92 points and 447.08 points at 9,789.49 and 13,348.37 respectively. The BSE Sensex closed higher by 80.04 points at 20,286.99 and NSE Nifty grew by 58.9 points to close at 6,138.60.

BSE Consumer Durables index surged 354.79 points to close at 6,956.79. Scrips that grew are Videocon (10%), Blue Star (5.45%), Rajesh Exports (3.60%), Titan (1.91%) and Lloyd Ele (1.63%).

BSE Health Care index closed up by 79.70 points at 4,418.65. Scrips that jumped are Bilcare Ltd (12.66%), Dishman Pharma (7.29%), Matrix Labs (4.57%), Fortis Healthcare (4.35%).

BSE Metal index advanced by 71.77 points to close at 20,020.22. Scrips that pushed up are Jindal Stainless (2.43%), Ispat Industries (2.23%), Jindal Saw (1.89%), SAIL (1.74%)

BSE Realty index closed higher by 176.16 points at 12,727.42. Scris that grew are Purvankara (6.36%), IndiaBull Real (3.60%), Akruti City (3.41%), HDIL (2.79%) .

BSE Oil & Gas index grew by 99.34 points to close at 13,301.60 as BPCL (10.77%), HPCL (7.69%), Indian Oil (7.48%), Cairn India (4.37%), Gail India (2.15%) closed in green.

BSE Bankex index grew by 31.65 points to close at 11,418. Scrips that gained are Canara bank (6.70%), CentBOP (6%), Oriental bank (2.16%), Allahabad bank (1.58%), IOB (0.79%) .

BSE IT index fell 22.47 points to close at 4,529.59. Scrips that fell are Infosys (1.52%), Niit Tech (1.03%), Wipro (0.82%), Tech Mahindra (0.81%) and I-Flex (0.44%).