Post Session Market Commentary

Market ended lower on account of profit booking by the participants. It opened on positive note and got buying momentum from Oil & gas, FMCG and auto stocks to trade in positive territory. But after mid session, it slipped into negative terrain on back of selling pressure across the index pivotals. As a result, BSE sensex closed at 13566.30 down by 85.90 points and Nifty was down by 22.00 points to close at 3911.40. Overall market breadth turned negative as 1173 stocks advanced and 1404 stocks declined on BSE. Coming to sectoral indices, they closed mixed. Among the sectoral indices, Capital goods were to loser with 122.90 points down to close at 8976 as L&T (2.17%), Siemens (1.63%), ABB (1.02%) and BHEL (0.70%) closed lower. Following this, BSE IT index lost 44 points to close at 5161 as HCL tech (0.02%), Infosys (0.57%) and Satyam (4.10%) ended lower while TCS (1.14%) and Wipro (0.43%) ended in green. Further, BSE Metal index which was down 39.31 points to close at 8775 as Tata steel (1.76%), SAIL (1.74%) and Hindalco (0.84%) ended lower. Besides, BSE bank index closed at 7017, down by 66 points as OBC (3.77%), SBI (3.43%), PNB (3.275) and HDFC (0.94%) ended lower. BSE auto index was 41.38 points down to close at 5485 as Tata Motors (2.1%), Maruti Udyog (1.45%), M&M (0.73%) and Hero Honda (0.50%) closed lower. BSE health cares index was down by 36.45 points to close at 3791. Among the gainer, BSE oil & gas index rose 29.57 points to close at 6349 as GAIL (3.69%), ONGC (1.52%) and Reliance (0.34%) ended in green. BSE FMGC index was up 0.62 points to close at 1849. BSE mid cap was down by 29.70 points to close at 5882 while BSE small cap was down by 39 points to close at 7,212. Top gainers at BSE Sensex: Gujarat Ambuja cem Rs 140 (2.45%), ONGC Rs 924 (1.45%), ICICI Bank Rs 916 (1.11%), TCS Rs 1257 (0.92%) and Bharti Airtel Rs 627 (0.90%). Top losers: Satyam Rs 465 (4.40%), SBI Rs 1172.90 (3.30%), Tata Motors Rs 906 (2.33%), L&T Rs 1430 (2.12%), and Reliance comm. Rs 426.20 (2.10%).