Post Market Commentary

The market closed with marginal gains on the first day of the year 2008. Soon after the firm starts to the market it pared its entire initial gains. The market got the momentum towards the end of the session but the volatility ruled the market throughout the trading session. Most the Asian Markets are remain closed toady for the celebration of the New Year. The Realty and Power indices attract the investor''s confidence as most buying is seen from these baskets. As usual the inevestor''s showed more interest in buying the Small Caps and Mid Caps scrips as they closed higher by 145.54 points and 354.70 points at 9,935.03 and 13,703.07 respectively. The BSE Sensex closed marginally higher by 13.72 points at 20,300.71 and NSE Nifty grew by 5.75 points to close at 6,144.35.

BSE Power index surged 98.81 points to close at 4,647.66. Scrips that grew are Reliance energy (6.76%), Tata Power (5.33%), NTPC (2.70%), Torrent Power (2.02%), Power Grid (1.91%) and GVK Power (1.30%).

BSE FMCG index closed up by 55.15 points at 2,375.07. Scrips that jumped are Rei Agro (5%), ITC (3.47%), Marico (3.20%), Tata Tea (2.36%), Dabur (2.10%) .

BSE Metal index grew by 41.27 points to close at 20,061.49. Scrips that gained are Gujarat NRE (13.77%), SH. Precoated (3.99%), Nalco (3.24%), Maharash Sea (1.56%) and Sesa Goa (1.43%).BSE Realty index closed higher by 310.47 points at 13,037.89. Scris that grew are HDIL (6.59%), IndiaBull Real (5.78%), Parsavnath (5.53%), Unitech (4.12%).

BSE Oil & Gas index fell by 20.72 points to close at 13,280.88 as Cairn India (3.80%), Indian Oil (2.18%), Reliance (1.18%), HPCL (0.76%) and BPCL (0.72%) closed in red.

BSE Bankex index grew by 92.31 points to close at 11,510.31. Scrips that gained are IOB (8.93%), CentBOP (8.28%), Allahabad Bank (8.56%), Andhra Bank (5.67%), Union Bank (4.89%) and BOB (3.31%).

BSE IT index fell 58.11 points to close at 4,471.48. Scrips that fell are Mphasis (3.25%), NIIT Ltd. (2.58%), TCS (2.74%), Wipro (1.90%) and Satyam (1.24%).