Post Session Market Commentary

Favorable global cues had made the indices to close successive four day in green. However, the participants had booked some profit during final hours of trade. The market closed higher on account of selective buying interest seen across the index pivotals. As a result, BSE sensex closed at 13,859.70 up by 151.40 points and Nifty was up by 33.75 points to close at 3974.25. Overall market breadth was marginally positive as 1291 stocks advanced and 1223 stocks declined on BSE. BSE sectoral indices closed in green. BSE bank index outperformed the other indices and gained 129.40 points to close at 7080.55 as HDFC Bank (2.63%), ICICI Bank (2.81%), PNB (1.69%) and SBI (0.24%) ended in green. BSE Tech index closed at 3657.39, up by 55.85 points as Satyam (3.05%), Wipro (1.76%), Infosys (1.65%), and TCS (0.55%) ended higher. BSE health index was up by 38.88 points to close at 3822.65 as glaxoSmithkline (2.10%), cipla (0.76%), Dr. Reddy labs (0.34%) closed higher. BSE capital goods index closed at 9043.47, up by 9.41 points. BSE FMGC index was up by 6.98 points to close at 1942.71. BSE oil & gas index closed at 6237.00 up by 43.53 points as GAIL (3.78%), HPCL (1.56%), Reliance (1.49%), and IPCL (1.49%) closed in green. BSE metal index was up by 29.91 points to close at 8973.75 as SAIL (0.88%), Tata steel (0.32%)Hindalco (0.26%) ended higher. BSE auto index was up by 59.08 points to close at 5493.00 as Tata Motors (2.76%), Bajaj auto (0.64%) and M&M (0.70%) advanced. Both mid cap and small cap closed in green. BSE mid cap was up by 46.41 points to close at 5744.10 and BSE small cap was up by 33.80 points to close at 6,839.36. Top gainers at BSE Sensex: Satyam Rs 491.10 (3.05%), ICICI Bank Rs 897.10 (2.81%), Tata Motors Rs 907.85 (2.65%) and HDFC Bank Rs 1058.00 (2.63%). Top Losers: ONGC Rs 874.00 (1.59%), HLL Rs 218.60 (1.00%), Maruti Udyog Rs 924.10 (0.71%) and BHEL Rs 2323.10 (0.57%).