Post Session Market Commentary

Market made a smart recovery during mid session to close in green. It opened on positive note but slipped in negative territory on back of selling pressure. However, during mid session it took a U turn to close in green due to buying activities witnessed in Auto and FMCG stocks. As a result, BSE sensex closed at 14209.24 up by 26.53 points and Nifty was up by 12.30 points to close at 4102.45. Overall market breadth was marginally positive as 1326 stocks advanced and 1253 stocks declined on BSE. BSE sectoral indices closed mixed. Among the gainers of BSE sectoral indices, BSE auto index was up by 45.58 points to close at 5665.41 as Maruti Udyog (2.98%), Bajaj Auto (2.03%) and Tata Motors (1.65%) closed higher. BSE health cares index gained 16.17 points to close at 3901.50 as Sun Pharma (3.02%) and Cipla (1.27%) ended in green. BSE FMGC index gained 23.25 points to close at 1973.61 as ITC closed up by (2.59%) and HLL (1.29%) ended in green while Dabur (4.28%) closed lower. BSE IT index was 38.71 points up to close at 5348.55 as TCS (0.91%), Infosys (2.16%) and Wipro (0.68%) ended in green while Satyam (3.23%) ended in red. Among the sectoral losers: BSE Bank index lost 8.81 points to close at 7476.66 as ICICI Bank (1.15%), HDFC Bank (0.97%) and OBC (0.94%) closed in red. BSE oil & gas index was 41.53 points down to close at 6616.35 as ONGC (0.26%), GAIL (1.96%) and Reliance (0.77%) ended in red. BSE Mid cap and BSE small cap ended flat. BSE mid cap was up by 8.64 points to close at 6084.16 and BSE small cap was up by 4.90 points to close at 7,565.10. Top gainers at BSE Sensex: Maruti Udyog Rs938.00 (2.98%), ITC Rs180.00 (2.59%), BHEL Rs2322.05 (2.32%), Infosys Rs2248.50 (2.05%) and Bajaj auto Rs2785 (2.03%). Top losers: Satyam Rs473.00 (3.05%), Reliance Energy Rs505.05 (1.84%), Ranbaxy Labs Rs407.50 (1.68%), Gujarat ambuja cem Rs146.15 (1.52%) and L&T Rs1549.00 (1.34%).