Post Market Commentary

The market started the day on a strong note but within a span of time, it gave up it gains and started trading with little volatility & cautious approach ahead of the RBI''s review policy. Further in the noon session, the RBI came out with its policy, which stated that the CRR is hiked by 50 bps to 7.5% from 7.0% and the other key rates including the repo and reverse repo rates are remained unchanged. The market continued trading flat with a bit of volatility but no turbulence. It remained unaffected by the new credit policy, as the credit policy is largely inline with street expectations. Finally in the last few minutes, the market ran under heavy selling & the benchmark index Sensex ended up with a loss of 194.16 points to close at 19,783.51, whereas Nifty also closed with a loss of 37.15 points to close at 5,868.75. All the indices ended in red territory except Capital Goods, Metal & Realty. Further, BSE Midcap and BSE Smallcap also closed lower with a loss of 34.47 points and 60.76 points at 8,048.07 & 9,644.44 respectively. The market breadth stood as negative with over 1087 stocks on the advancing side and over 1666 stocks on the decline side.

BSE Capital goods closed with the marginal gain of 158.91 points at 20,006.57. Fueled it up are ABB Ltd with the gain of (5.70%), Jyoti Structures (3.09%), Seimens (2.59%), AIA Engineering (2.51%), and BHEL (1.63%).

BSE Metal also managed to close in green with a gain of 112.48 points to close at 17,302.22. Scrips supported are, Sterlite (6.63%), Jindal Steel (6.47%), & Sesa Goa (2.06%).

BSE Realty stood at the third position as a gainer surged 241.98 points to close at 10,516.99. Scrips gained are DLF Ltd (5.78%), Anant Raj (5.21%), Ansal Infra (2.57%), & Unitech Ltd (1.50%).

BSE Auto stood as the top loser for the day closed lower by 176.54 points at 5,479.89. Scrips dragged the index down are Maruti Suzuki down by (8.46%), Mah & Mah (7.00%), Tata Motors (4.93%), and Punjab Tractors (3.65%).