The auspicious day of Diwali does not prove to be good for the investors as the market tumbles to close the trading session on a negative territory. The BSE Sensex fell by 151.33 points to close at 18,907.60 and Nifty dropped by 35.5 points to close at 5663.25. On this auspicious day though the market opened with a huge gap but all of a sudden lost the grip and fell to trade in red by pairing most of its initial gains. The global cues are not supportive which led the investors to take wait and watch approach as well as calculated steps in booking their positions. But overall the market breadth was strong as 1797 stocks closed in green while 697 stocks closed in red. The BSE Mid Cap and Small Cap closed higher by 67.85 points and 145.97 points at 8,013.63 and 9,756.88 respectively.
The oil and gas index grew by 40.63 points to close at 11,634.38. Pushing it up are Essar oil (18.55%), HPCL (3.57%), IOCL (2.96%), BPCL (2%) and RPL (1.13%) closed higher.
BSE bankex index dropped by 140.77 points to close at 10,212.42. From the losers pack are Kotak bank (2.33%), ICICI bank (2.19%), HDFC bank (1.36%), SBI (1.01%) and Union bank (0.91%)( closed lower.
BSE Metal index declined by 185.30 points to close at 16,864.22 Pulling it down are Jindal steel (2.36%), SAIL (1.95%), Tata steel (1.31%), JSW Steel (1.30%) and Sterlite (1.20%) closed in red.
The auto index slipped by 21.90 points to close at 5,207.21. Scrips that fell are Tata Motors (1.42%), Bajaj Auto (1.33%), M&M (1.04%), Hero Honda (0.89%) and Maruti Suzuki (0.37%).
The IT index fell by 45.61 points to close at 4,253.25 HCL tech (3.25%), Iflex (2.42%), Wipro (2.07%), Satyam (1.75%) and Infosys (0.72%) closed in negative.
The oil and gas index grew by 40.63 points to close at 11,634.38. Pushing it up are Essar oil (18.55%), HPCL (3.57%), IOCL (2.96%), BPCL (2%) and RPL (1.13%) closed higher.
BSE bankex index dropped by 140.77 points to close at 10,212.42. From the losers pack are Kotak bank (2.33%), ICICI bank (2.19%), HDFC bank (1.36%), SBI (1.01%) and Union bank (0.91%)( closed lower.
BSE Metal index declined by 185.30 points to close at 16,864.22 Pulling it down are Jindal steel (2.36%), SAIL (1.95%), Tata steel (1.31%), JSW Steel (1.30%) and Sterlite (1.20%) closed in red.
The auto index slipped by 21.90 points to close at 5,207.21. Scrips that fell are Tata Motors (1.42%), Bajaj Auto (1.33%), M&M (1.04%), Hero Honda (0.89%) and Maruti Suzuki (0.37%).
The IT index fell by 45.61 points to close at 4,253.25 HCL tech (3.25%), Iflex (2.42%), Wipro (2.07%), Satyam (1.75%) and Infosys (0.72%) closed in negative.
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