Post Market Commentary

The market closed the trading session on a negative note as BSE Sensex closed lower by 65 points at 19,633.36 while NSE Nifty closed marginally up by 0.8 points at 5,907.65. The Sensex opened on a strong note and manages to trade higher but finally lost the grip and fell to closed the session in the negative territory due to the selling pressures in the index heavy weights. Most buying is seen in BSE Reality, Metal, Capital goods, Consumer durables and Auto indices. The Sensex has touched an intraday high of 19,971.44 and low of 19,583.97 during the trading session. Overall, the market breadth was strong as 2,182 stocks are closed higher while only 644 are closed lower. Both the BSE Mid cap and Small cap closed higher by 218.44 point and 292.16 points at 8,730.82 and 10,672.89 respectively. BSE Metal index closed higher by 170.66 points at 17,668.86 as Jindal Steel (4.94%), Jindal Stainless (4.06%), Tata Steel (2.32%) and Hindalco Industries (0.81%) closed in green.

BSE Capital Goods index inclined by 162.71 points to closed at 20,806.42 as Elecon Eng.(8.16%), AIA Engineering (7.90%), Crompton Greaves (5.12%), Siemens (5.17%) closed higher.

BSE Power index grew by 61.30 points to close at 4,653.27. Pulling it up are GMR infra (8.66%), GVK power (8.05%), Siemens (5.17%), Crompton greaves (5.12%), Power Grid (3.88%).

BSE oil & gas index dropped by 12.06 points to close at 12,467.50. Pushing it down are HPCL by (4.49%), BPCL (4.42%), IOCL (3.07%) and RPL (2.61%).

BSE FMCG index fell by 5.83 points to close at 2,224.86. Leading the loss are Glaxismith (3.19%), ITC (3.10%) and REI Agro (1.09%) closed lower.

BSE bankex index fell by 82.38 points to close at 10,920.67. Pulling it down are Federal bank (22.41%), ICICI bank (2.67%), HDFC bank (1.89%) and SBI (0.89%) closed lower.

BSE IT index closed marginally higher by 1.76 points at 4,160.88 as Aptech (13.61%), Tech Mahindra (4.27%), I Flex (2.68%) closed higher while Satyam (1.38%), Infosys (0.23%) and Wipro (0.20%) closed lower.