Post Session Market Commentary

Market was continuously trading in negative territory and at last ended in red due to heavy selling pressure was seen in scrips across index pivotals. BSE sensex closed at 13652.15 down by 208.37 points and Nifty was down by 50.00 points to close at 3933.40. Overall market breadth was positive as 1675 stocks advanced and 905 stocks declined on BSE. Coming to sectoral indices, they closed in red. Among the sectoral indices, IT index was the top losers with 138.83 points to close at 5204 as Wipro (3.02%), Infosys (2.95%), Satyam (2.60%) and TCS (1.43%) ended lower. This trend is followed by BSE Metal index which was down 165 points to close at 8814 as Tata steel (0.77%), SAIL (1.55%) and Hindalco (2.45%) ended lower. BSE bank index closed at 7083, down by 71 points as HDFC Bank (2.98%), HDFC (1.74%) and ICICI Bank (0.55%) ended lower. BSE auto index was 68.73 points down to close at 5527 as Maruti Udyog (4.17%), Bajaj auto (2.57%) and Hero Honda (2.27%) closed lower. BSE oil & gas index declined 19.00 points to close at 6320.00 as HPCL (1.90%), BPCL (0.60%), GAIL (0.83%) and IPCL (0.52%) ended lower. BSE FMGC index lost 25.71 points to close at 1849 as ITC was down by (1.69%) while HLL (1.57%) closed in red. BSE health cares index was down by 22 points to close at 3828. BSE mid cap was down by 25 points to close at 5912 while BSE small cap was up by 59 points to close at 7,251. Top gainers at BSE Sensex: ONGC Rs911.05 (1.66%), Ranbaxy Labs Rs 418.50 (1.225) and Dr. Reddys Labs Rs 811 (0.22%). Top Losers: Maruti Rs 896 (4.23%), ACC Rs1020 (3.33%), Infosys Rs2206 (3.06%), Wipro Rs581.15 (2.95%) and Reliance Comm Rs434.20 (2.90%).