Post Session Market Commentary

After consecutive five days closing in negative territory, Market made a smart gain during the trade to close higher. It witnessed heavy buying interest in index heavyweight. It started its journey with lower note but had a smart recovery to end higher. BSE sensex closed at 13630.71 up by 268.55 points and Nifty was up by 91.95 points to close at 3942.25. Overall market breadth was positive as 1690 stocks advanced and 860 stocks declined on BSE. Coming to sectoral indices, they closed higher. BSE capital goods gained 141 points to close at 8930 as L&T (2.48%), Siemens (2.13%), ABB (2.10%) and BHEL (0.34%) closed lower. Following this, BSE bank index closed at 6950, up by 106 points as ICICI Bank (2.73%), SBI (1.80%) and HDFC Bank (0.94%) ended in green. BSE IT index added 99 points to close at 5224 as Wipro (5.32%), HCL tech (3.57%), TCS (3.37%) and Infosys (0.50%) ended higher. Further, BSE Metal index also closed higher as it was up 98 points to close at 8678 as Nalco (5.87%), Tata steel (2.24%), SAIL (5.14%) and Hindalco (2.09%) advanced. BSE auto index was 120.89 points up to close at 5570.36 as Maruti Udyog (3.12%), M&M (4.5%), Bajaj Auto (2.13%), Tata Motors (0.65%) and Hero Honda (0.26%) closed higher. BSE oil & gas index rose 119.6 points to close at 6388 as HPCL (2.85%), BPCL (2.32%), ONGC (3.13%) and Reliance (1.87%) ended higher. BSE health cares index was up by 63 points to close at 3801. BSE FMGC index was up 61 points to close at 1910. BSE Mid cap and BSE small cap ended higher. BSE mid cap was up by 76.46 points to close at 5896 and BSE small cap was surged by 132.06 points to close at 7,278. Top gainers at BSE Sensex: Reliance comm. Rs 431.3 (5.91%), Wipro Rs 622 (5.32%), HLL Rs 217.8 (4.44%), Bharti Airtel Rs 640 (4.39%)and NTPC Rs 137.95(3.80%). Top losers: HDFC Rs 1520 (0.44%) and Grasim Rs 2784 (0.07%).