Post Market Commentary

The market closed the session on a negative note as the investors are in a mood to book profits. A lot of volatility is seen in today''s trading session. The BSE Sensex closed lower by 110.84 points at 19,289.83 while fell dropped by 4.15 points to close at 5782.35. Overall, the market breadth was weak as 1674 stocks are closed in red while 1028 stocks are closed in green. The BSE Mid Cap and Small Cap closed lower by 29.34 points and 107.90 points at 7,985.96 and 9,695.13 respectively.

The oil and gas index grew by 298.97 points to close at 11,688.18. Scrips that jumped are GAIL India (6.51%), HPCL (5.25%), Reliance industries (4.04%), IOCL (3.30%) and BPCL (1.80%) closed higher.

BSE Metal index grew by 161.66 points to close at 17,367.72 Pushing it up are Sterlite (6.58%), Jindal Saw (5.15%), Seasa Goa (4.96%) and Nalco (4.73%) closed in green.

The capital goods index grew by 41.07 points to close at 19,738.36. Leading the gainers pack are BHEL (3.55%), ABB (1.53%), Punj Lloyd (1.01%), BEML (0.29%) and Praj industries (0.16%) closed higher.

BSE bankex index dropped by 166.29 points to close at 10,620.22. Pulling it down are HDFC bank (5.16%), Canara bank (3.36%), ICICI bank (2.98%), Yes bank (1.35%) and AXIS bank (0.55%) closed lower.

The IT index fell by 197.27 points to close at 4,343.42. Pulling it down are Rolta India (7.75%), Infosys (5.78%), Tech Mahindra (4.93%), Satyam (4.03%) and HCL (3.43%) closed in positive.