Post Session Market Commentary

Market ended flat amid higher volatile trade. During whole trading session market was unable to find the direction as the participants had adopted cautious steps. As a result markets ended in red, with BSE sensex closed at 13860.52 down by 11.19 points and Nifty was down by 5.40 points to close at 3983.40. Overall market breadth was positive as 1566 stocks advanced and 998 stocks declined on BSE. Coming to sectoral indices, they closed mixed. Among the sectoral indices, OIL & gas, Bank and Metal index closed in positive and rest indices closed negative. BSE oil & gas index was up 81.46 points to close at 6338.55 as HPCL (2.54%), BPCL (1.90%), GAIL (3.96%) and ONGC (2.66%) ended higher. BSE bank index closed at 7154.27 up 59.40 points as ICICI Bank (2.31%), HDFC (1.51%) and OBC (1.37%) ended higher. Followed by BSE metal index, which was up by 12.92 points to close at 8980 as Tata steel was up by (1.22%) while SAIL (2.94%) and Hindalco (2.66%) ended red. BSE auto index was the top loser with 85.73 points down to close at 5595 as Hero Honda (0.73%), Tata motors (0.82%) and Maruti Udyog (2.93%), M&M (2.93%) and Bajaj auto (1.30%) closed lower. BSE FMGC index lost 12.17 points to close at 1874.77 as ITC was down by (2.22%) while HLL (1.21%) closed higher. Further, BSE IT index was down 26.12 points to close at 5344 as Satyam (0.03%) and TCS (0.47%) ended in positive while Infosys (0.40%) and Wipro (1.90%) ended lower. BSE health cares index was down by 26.43 points to close at 3849. BSE mid cap was down by 5.32 points to close at 5936 while BSE small cap was up by 41.42 points to close at 7,192. Top gainers at BSE Sensex: ONGC Rs 898.00 (2.66%), ICICI Bank Rs 911.00 (2.31%), HDFC Rs 1605.00 (1.51%), Grasim Rs 2835.00 (1.45%) and Tata Steel Rs 471.10 (1.18%). Top Losers: Reliance comm. Rs 446.10 (4.01%), Maruti Udyog Rs 938.00 (3.06%), Hindalco Rs 170.25 (2.66%), Gujarat Ambuja cem Rs 138.95 (2.63%) and ITC Rs 165.15 (2.22%).