Post Session Market Commentary

Market ended in deep red on account of heavy selling pressure seen across the index pivotals. It opened lower and continued to trade in negative terrain mainly due to heavy selling pressure seen in Capital goods and Bank stocks. As a result, BSE sensex closed at 13362.16 down by 204.17 points and Nifty was down by 61.10 points to close at 3850.30. Overall market breadth was negative as 893 stocks advanced and 1664 stocks declined on BSE. Coming to sectoral indices, they closed lower. Among the sectoral indices, Capital goods and Bank index were the top losers. BSE capital goods lost 187 points to close at 8789 as BHEL (4.57%), Siemens (2.15%), ABB (1.97%) and L&T (0.90%%) closed lower. Following this, BSE bank index closed at 6845, down by 172 points as OBC (3.21%), SBI (3.36%), ICICI Bank (3.24%) and HDFC (2.59%) ended lower. Besides, BSE IT index lost 35 points to close at 5126 as HCL tech (2.09%), TCS (1.31%), Infosys (0.28%) and Satyam (0.26%) ended lower. Further, BSE Metal index also closed lower as it was down 98 points to close at 8678 as Tata steel (0.55%), SAIL (2.65%) and Hindalco (0.57%) ended lower. BSE auto index was 36 points down to close at 5450 as Tata Motors (0.65%), Maruti Udyog (0.59%), M&M (1.73%), Bajaj Auto (0.65%) and Hero Honda (0.29%) closed lower. BSE oil & gas index declined 81 points to close at 6268 as HPCL (1.51%), ONGC (3.08%) and Reliance (0.26%) ended in red. BSE health cares index was down by 53 points to close at 3738. BSE FMGC index was down 0.95 points to close at 1849. BSE Mid cap and BSE small cap also lost the ground and ended in red. BSE mid cap was down by 62.97 points to close at 5819 and BSE small cap was down by 66 points to close at 7,146. Top gainers at BSE Sensex: Wipro Rs 594 (2.27%) and ITC Rs 163.2 (0.34%). Top losers: BHEL Rs 2145.9 (4.57%), Reliance Comm Rs 408 (3.55%), SBI Rs 1135 (3.36%), ICICI Bank Rs 883 (3.24%), ONGCRs 890 (3.08%), and Dr Reddy Labs Rs 776 (2.85%).