The market ended the session on a negative note but it manages to pare most of its initial losses as the investors showed some buying interest. After a volatile trade, the BSE Sensex finally closed at 18,737.27 with a loss of 170.33 points and Nifty fell 46.15 points to close at 5,617.10. Almost all the sectoral indices closed in red but FMCG, PSU and Power indices manages to close in green. The market lost direction at the initial stage on the back of weak global cues. Also the domestic cues was not good as the India''s Industrial output for the month of September 2007 grew by only 6.4% from the last year which was much lower than 10.7% growth in August 2007. The Sensex touched an intraday low of 18,333.21 and high of 18,815.11. The overall the market breadth was weak as 1699 stocks closed in red while 1015 stocks closed in green. The BSE Mid Cap and Small Cap closed lower by 68.47 points and 137.24 points at 7,945.16 and 9,619.64 respectively.
The oil and gas index dropped by 265.14 points to close at 11,369.24. Pushing it down are ONGC (4.78%), GAIL (3.50%), HPCL (3.18%), RPL (2.48%) and IOCL (1.50%) closed lower.
The Reality index declined by 310.93 points to close at 9,799.06. Pulling it down are Indbul Real (7.30%), Purvankara (5.33%), Ananat Raj (4.99%), DLF (4.67%) and Sobha Dev (2.75%) closed in red.
The IT index fell by 118.11 points to close at 4,135.14 as Patni comp (4.39%), Infosys (3.60%), Satyam (3.24%), HCL (1.96%) and Wipro (0.55%) closed lower.
BSE Metal index declined by 98.16 points to close at 16,766.06 Pulling it down are JSW Steel (3.73%), Jindal Saw (3.36%), Sterlite Industries (3.09%) and Tata Steel (2.26%) closed in red.
The FMCG index remained in the limelight as it grew by 50.19 point to close at 2,057.01 as ITC (5.30%), HUL (2.85%) and Dabur (0.38%) closed in green.
The oil and gas index dropped by 265.14 points to close at 11,369.24. Pushing it down are ONGC (4.78%), GAIL (3.50%), HPCL (3.18%), RPL (2.48%) and IOCL (1.50%) closed lower.
The Reality index declined by 310.93 points to close at 9,799.06. Pulling it down are Indbul Real (7.30%), Purvankara (5.33%), Ananat Raj (4.99%), DLF (4.67%) and Sobha Dev (2.75%) closed in red.
The IT index fell by 118.11 points to close at 4,135.14 as Patni comp (4.39%), Infosys (3.60%), Satyam (3.24%), HCL (1.96%) and Wipro (0.55%) closed lower.
BSE Metal index declined by 98.16 points to close at 16,766.06 Pulling it down are JSW Steel (3.73%), Jindal Saw (3.36%), Sterlite Industries (3.09%) and Tata Steel (2.26%) closed in red.
The FMCG index remained in the limelight as it grew by 50.19 point to close at 2,057.01 as ITC (5.30%), HUL (2.85%) and Dabur (0.38%) closed in green.
0 comments:
Post a Comment