Post Session Commentary - Jan 17 2008

The Indian market closed in red consecutively for the fourth straight trading session. The market opened on a firm note taking cues from the Asian markets but volatility ruled the market through out the trading session. The market gained the momentum towards the mid session but unable to sustain all its gains as the profit booking across the counters prevailed towards the final trading hours of the session. The Mid Caps and Small Caps remained in the limelight as they outperformed the benchmark indices by showing most buying from these baskets. The BSE Sensex closed lower by 167.29 points at 19,700.82 and NSE Nifty fell by 22.55 points to close at 5,913.20. The BSE Mid Cap and Small Cap closed higher by 72.81 points and 218.08 points at 9,340.01 and 12,740.29 respectively.

BSE Metal index closed up by 126.75 points at 18,147. Scrips that grew are Nalco (7.42%), Welspun Guj (4.93%), Bhushan Steel (2.85%), Ispat (2.28%), Jindal Steel (2.09%).

BSE Capital Goods index grew by 258.02 points to close at 18,931.82. Scrips that advanced are Siemens (4.26%), L&T (2.20%), Thermax Ltd (2.19%), BHEL (1.72%)

BSE FMCG index closed up by 41.29 points at 2,347.27. Scrips that pushed up are ITC (3.98%), Godrej Cons (1.60%), HUL (1.09%), GlaxoSmithKline Cons (0.68%), Tata Tea (0.62%) .

BSE Realty index closed lower by 62.12 points at 12,763.19 as DLF (3.71%), Ansal Infra (1.73%), Phoenix Mill (1.18%), Indbul Real (0.47%) and Purvankara (0.34%) closed lower.

BSE Bankex index dropped by 192.71 points to close at 11,971.14 as ICICI bank (3.46%), CentBOP (1.75%), HDFC bank (1.72%), Federal bank (1.55%) and Andhra bank (0.44%) closed in red.

BSE Oil & Gas index fell by 268.76 points to close at 13,381.37. Scrips that dropped are reliance industries (3.30%), Aban Offshore (2.85%), HPCL (1.83%), IOCL (1.65%)

BSE IT index slipped by 29.34 points to close at 3,853.54 as Patni Comp (5.13%), Mphasis (2.69%), TCS (2.31%), GTL Ltd (2.10%), Satyam (1.95%) and I-Flex (0.92%) closed lower.