Post Market Commentary - Jan 14 2008

The Indian market closed mixed as the Nifty closed up with marginal gains while BSE Sensex closed on a negative note. The market opened on a firm note on the back of heavy buying across the counters but was unable to sustain its gains. A lot of volatility was seen in today''s trading session as the investor''s took calculated steps in booking their positions. However, the Small Caps and Mid Caps stocks that faced the downturn for the last so many trading session remained in the limelight today as most buying was seen from these baskets. The BSE Small cap and Mid Caps closed with hand some gain of 168.37 points and 98.42 points at 12,862.39 and 9,536.90 respectively. The BSE Sensex closed lower by 99.40 points at 20,728.05 and NSE Nifty grew by 6.7 points to close at 6,206.80.

BSE Metal index closed higher by 105.40 points at 18,856. Scrips that grew are Jindal Steel (7.20%), Gujarat NRE (6.82%), Jindal Stainless (4.05%), JSW Steel (2.56%).

BSE Realty index closed up by 164.27 points at 13,647.15. Scrips that jumped are Anant Raj (12.15%), Mahindra Life (4.11%), HDIL (2.81%), Parsvnath (1.54%) and Unitech (1.05%).

BSE Bankex index increased by 79.84 points to close at 12,558.80 as Axis bank (8.37%), BOB (5.35%), IOB (4.32%), Andhra Bank (3.69%), BOI (3.22%), HDFC Bank (1.45%) closed higher.

BSE Oil & Gas index grew by 294.33 points to close at 14,126.83. Scrips that advanced are BPCL (7.42%), RNRL (7.14%), HPCL (4.75%), Reliance Inds (2.82%), RPL (2.50%) and Essar Oil (1.09%).

BSE Capital Goods index inched up by 35.47 points to close at 19,521.35. Scrips that grew are Jyoti Structures (3.69%), AIA Eng (2.27%), Alstom Projects (1.47%) and BHEL (1.59%).

BSE Health Care increased by 13.60 points to close at 4,196.54 as Glenmark (5.75%), Fortis Health (4.42%), Lupin (4.13%)

BSE IT index slipped by 116.82 points to close at 3,987.06. Scrips that fell are Karut Net (4.99%), Wipro (5.05%), Infosys (3.16%), TCS (2.86%), Satyam (2.76%)