Stock Market Commentary dated 11/07/2007

The BSE Sensex ended the session on a negative note as it decreased by 99.26 points to close at 14,910.62 while Nifty slipped by 18.9 points to close at 4,387.15. Of the 2,693 stocks actively traded on BSE, 1,443 stocks advanced while 1,182 stocks declined. The BSE Mid cap and Small cap closed higher by 38.80 points and 65.20 points at 6,704.40 and 8,074.86 respectively.

BSE Auto Index decreased by 25.56 points to close at 4,920.28 as Tata Motors (1.69%), Maruti Udyog (0.87%), M&M (0.95%), and Hero Honda (0.14%) closed in red.

BSE Capital goods index slipped by 4.20 points to close at 12,755.97 as ABB (1.83%) and L&T (0.41%) closed lower while BEML (1.41%), BHEL (0.60%) and Siemens (0.37%) closed higher.

BSE bankex index decreased by 15.31 points to close at 8,088.78 as PNB (1.78%), ICICI bank (1%) and SBI (0.53%) closed in negative

BSE Metal index grew by 162.48 points to close at 11,104.86 as Tata Steel (3.40%), SAIL (1.73%) and Sterlite industries (1.73%) closed in positive

BSE IT index decreased by 168.22 points to close at 4,868.77 as Infosys (4.47%), TCS (3.34%), Satyam (3.28%), Wipro (2.02%) and HCL tech (0.76%) closed in red.

BSE Health Care Index decreased by 12.96 points to close at 3,830.79 Ranbaxy (1.44%), Sun pharma (0.85%) and Glaxosmithkline (0.69%) closed lower.

BSE FMCG index increased marginally by 4.92 points to close at 1,844 as HUL (1.96%) closed in green while Dabur (1.56%), ITC (0.59%) and Tata tea (0.22%) closed in red.

BSE oil & gas index increased by 5.58 points to close at 7,621.54 as Reliance Petroleum (1.24%), IPCL (0.63%) and ONGC (0.35%) closed higher