Heavy selling pressures towards the end of the session led the Indian market to pare most of its initial gains. The domestic market opened with a bang tracking the favoring cues from the global markets and kept on marching forward at the initial stage. But the market was unable to sustain at the higher level and fell on the back of weak cues European markets that led to the profit booking across the sectoral indices. Also, the Union budget 2008-09, two days down the line led the investors to take calculated steps to book their positions. The Mid Cap and Small Cap also followed the benchmark indices to close with marginal gains. From the sectoral front, the capital goods scrips remained the centre of attraction as most buying was seen from these baskets. The BSE Sensex closed with marginal gains of 19.80 points at 17,825.99 while NSE Nifty closed lower by 1.65 points at 5,268.40. The BSE Mid Cap and Small Cap closed higher by 32.70 points and 25.37 points at 7,723.56 and 9,673.86 respectively.
BSE Capital Goods index closed higher by 382.31 points at 16,506.67. Major Gainers are Elecon Eng (7.23%), Crompton Greaves (4.73%), Siemens (4.01%), BHEL (3.78%) and L&T (3.20%).
BSE Metal index fell by 159 points to close at 16,642.01. Major losers are Gujarat NRE (8.50%), NALCO (3.71%), Sterlite Industries (2.91%), JSW Steel (2.74%).
BSE Oil & Gas index closed higher by 45.16 points at 11,259.92. Gainers are Aban offshore (5.05%), GAIL India (1.62%), ONGC (1.03%), Reliance (0.46%), Cairn India (0.40%)BR>
BSE Bankex index closed lower by 32.96 points at 10,156.52. Losers are SBI (1.76%), Bank of Baroda (1.53%), Allahabad Bank (0.89%), Canara Bank (0.98%), Bank of India (0.88%).
BSE IT index fell by 70.13 points to close at 4,062.67 as Satyam (2.81%), Infosys (2.69%), Patni Comp (2.62%), TCS (2.24%), HCL Tech (1.62%) closed lower.
BSE Realty index closed lower by 36.77 points at 9,979.72. Losers are Unitech (2.06%), Phoenix mill (1.59%), DLF (0.92%), Omaxe (0.87%) and Purvankara (0.40%).
Market
BSE Capital Goods index closed higher by 382.31 points at 16,506.67. Major Gainers are Elecon Eng (7.23%), Crompton Greaves (4.73%), Siemens (4.01%), BHEL (3.78%) and L&T (3.20%).
BSE Metal index fell by 159 points to close at 16,642.01. Major losers are Gujarat NRE (8.50%), NALCO (3.71%), Sterlite Industries (2.91%), JSW Steel (2.74%).
BSE Oil & Gas index closed higher by 45.16 points at 11,259.92. Gainers are Aban offshore (5.05%), GAIL India (1.62%), ONGC (1.03%), Reliance (0.46%), Cairn India (0.40%)BR>
BSE Bankex index closed lower by 32.96 points at 10,156.52. Losers are SBI (1.76%), Bank of Baroda (1.53%), Allahabad Bank (0.89%), Canara Bank (0.98%), Bank of India (0.88%).
BSE IT index fell by 70.13 points to close at 4,062.67 as Satyam (2.81%), Infosys (2.69%), Patni Comp (2.62%), TCS (2.24%), HCL Tech (1.62%) closed lower.
BSE Realty index closed lower by 36.77 points at 9,979.72. Losers are Unitech (2.06%), Phoenix mill (1.59%), DLF (0.92%), Omaxe (0.87%) and Purvankara (0.40%).
Market
No comments:
Post a Comment