Post Session Market Commentary

After opening on positive note, market slipped in negative territory and continued to trade in this zone on account of selling pressure seen across index pivotals. As a result markets ended in red, with BSE sensex closed at 13871.71 down by 143.21 points and Nifty was down by 35.25 points to close at 3988.80. Overall market breadth was positive as 1491 stocks advanced and 1041 stocks declined on BSE. Coming to sectoral indices, they closed mixed. Among the sectoral indices, OIL & gas and capital goods index were closed higher and rest indices closed lower. BSE oil & gas index was up 19.02 points to close at 6257.28 as HPCL (4.17%), BPCL (2.38%), GAIL (1.59%) and ONGC (0.32%) ended higher. BSE FMGC index was top loser with 41.81 points to close at 1885.29 as ITC (3.885), HLL (0.42%) and Dabur (0.07%) closed lower. Followed by BSE metal index, which was down by 184 points to close at 8939 as SAIL (3.58%), Tata steel (1.58%) and Nalco (0.72%) ended red. Further, BSE IT index was down 87 points to close at 5363 as Satyam (2.89%), TCS (1.57%), Infosys (1.15%) and Wipro (2.42%) ended lower. Other indices, health care index down by 0.53 points to close at 3884 and BSE auto index down by 48.11 points to close at 5674 as Hero Honda (2.98%), Bajaj auto (1.41%) and Maruti Udyog (1.08%) closed lower. Besides, BSE bank index closed at 7070.75 down 72.61 points as HDFC (2.12%), SBI (1.97%), OBC (1.85%) and HDFC Bank (1.81%) ended lower. BSE mid cap was up by 3.43 points to close at 5935.81 and BSE small cap was up by 63.91 points to close at 7,144.37. Top gainers at BSE Sensex: DR. Reddys Labs Rs823.15 (1.81%), Reliance Energy Rs530.85 (1.08%), L&T Rs1490 (0.93%), Tata Motors Rs947.5 (0.88%) and ONGC Rs875 (0.32%). Top Losers: ITC Rs168.75 (3.76%), Hindalco Rs174 (3.12%), Hero Honda Rs755 (2.98%), Satyam Rs502.1 (2.53%) and Wipro Rs605 (2.43%).