Post Market Commentary - Jan 25 2008

The Indian market surged to close with handsome gains as the investors showed their eagerness in buying to book their positions. Taking the favoring cues from the global market, the Indian market opened with handsome gains and kept on marching forward throughout the trading session. The Mid Cap and Small Cap also joined the rally of the benchmark indices as they also closed with good gains. India''s wholesale price index grew 3.83% in the 12 months to 12 January 2008 higher than the previous week''s growth of 3.79%. All the sectoral indices closed in green but most buying was seen in Metal, Capital goods and Bankex indices scrips. The BSE Sensex closed higher by 1139.92 points at 18,361.66 and NSE Nifty grew by 349.9 points to close at 5,383.35. The BSE Mid Cap and Small Cap increased by 483.22 points and 406.94 points to close at 8,021.12 and 10,420.90 respectively.

BSE Realty index grew by 1056.24 points to close at 11,198.06. Scrips that pushed are Unitech (17.79%), Indbul Real (13.75%), HDIL (13.71%), Parsvnath (8.95%), Penland (8.81%) and Omaxe (6.53%).

BSE Metal index surged 1383.11 points to close at 15,603.79. Scrips that gained are Jindal Steel (19.78%), SAIL (15.03%), Hindalco Inds (14.01%), Bhushan Steel (13.23%) and JSW Steel (9.27%).

BSE Oil & Gas index advanced by 699.89 points to close at 11,197.84. Scrips that grew are Essar Oil (24.39%), RNRL (9.73%), Aban Offshore (9.32%), ONGC (7.54%), RPL (7.25%) and HPCL (7.17%).

BSE Capital Goods index closed higher by 1080.70 points at 17,463.18. Scrips that advanced are Kalpataru Power (18.39%), Areva (9.96%), L&T (9.95%), Punj Lloyd (7.65%) and ABB (7.22%).

BSE Bankex index increased by 796.89 points to close at 11,379.77 as ICICI bank (11.16%), Axis bank (9.20%), Andhra bank (8.94%), BOI (8.44%), Allahabad bank (7.76%), PNB (7.63%) closed lower.

BSE IT index grew by 212.58 points to close at 3,800.36 as NIIT Techno (17.06%), I-Flex (16.83%), Aptech (15.79%), Patni Comp (15.68%) and Educomp Soln (11.15%) closed in red.