Post Market Commentary - March 14 2008

The benchmark indices of Indian stock market ended the day with a hefty gain mainly due to the substantial buying in frontline stocks. The market opened flat and was bit volatile during the first hour of trade. However, at last hour it moved up significantly and finally closed at its higher level. The BSE Sensex surged 403.17 points or 2.63% to close at 15,760.52 and in line with this, the NSE Nifty moved up 122.20 points or 2.64% to close at 4,745.80. In Sensex 25 stocks ended the day in green zone while 5 stocks witnessed a decline. On broader term, BSE-100, BSE-200 and BSE-500 moved with Sensex as it grew by 2.66%, 2.44% and 2.28% respectively. Against this, the BSE Midcap and Smallcap closed flat with a marginal gain of 0.85% and 0.05% respectively. All the BSE sectoral indices ended the day in green territory with BSE Realty, BSE CD, BSE Oil & Gas and BSE Metal are the main gainers.

The BSE Realty index moved up 350.41 points to close at 7,712.83. Penland and DLF are main gainers with 10.82% and 7.83% growth respectively.

The BSE CD index surged 156.16 points to close at 4,028.80 as Titan Industries improved by 9.22%.

The BSE oil & gas jumped by 332.84 points to close at 10,354.81 as Essar Oil and Cairn India ended with 5.04% and 4.79% growth respectively.

The BSE Metal index increased by 470.91 points to close at 14,844.87 as Sterlite Industries and Hindalco witnessed a hefty growth of 6.14% and 4.52% respectively.

The BSE Bankex increased by 246.29 points to close at 8,323.09. Axis Bank and Kotak Bank are the main gainers with 7.18% and 5.58% growth respectively, whereas Federal Bank and Canara Bank are the main losers with 4.06% and 1.22% decline.

The BSE Auto index ended with marginal gain of 3.42 points to close at 4,539.07 as majority of the stock ended the day with a marginal change.