Post Session Market Commentary

Today favorable global cues especially NIKKEI 225 that ended with all time high has supported Indian the Indian indices to stay in positive territory. Indian market closed higher amid volatile trade on back of selective buying interest seen across index pivotals especially metal stocks. BSE sensex closed at 14110.46 up by 69.22 points and Nifty was up by 23.80 points to close at 4089.90. Overall market breadth turned negative as 1250 stocks advanced and 1309 stocks declined on BSE. BSE sectoral indices closed mixed. Among the BSE sectoral gainers: The BSE Metal index advanced 331.25 points at 9,228.90 as Tata steel (4.18%) and Hindalco (2.91%) ended higher. BSE capital goods index added 147.65 points up to close at 9474.65 as L&T (3.04%), BHEL (2.92%) and Siemens (0.53%) ended higher. Followed by BSE Bank index that added 75.68 points to close at 7390.30 as ICICI Bank (1.21%), HDFC Bank (2.64%) and HDFC (2.52%) closed in green. BSE oil & gas index was 64.53 points up to close at 6539.82 as ONGC (2.58%), GAIL (0.98%) and Reliance (0.63%) and IPCL (0.04%) ended in green. Besides BSE FMGC index 2.00 points to close at 1956.15 as ITC (0.48%) and Dabur (1.89%) ended in green while HLL down by (3.13%). Among the losers, BSE auto index was top loser with 61.09 points down to close at 5540.22 as Tata Motors (3.30%), Bajaj Auto (0.78%) and M& M (1.31%) and closed lower. Followed by BSE health cares index lost 36.69 points to close at 3829.01 as Sun Pharma (1.68%) Dr Reddy''s Labs (0.94%) and Glaxo SmithKline (0.53%) ended in red. BSE IT index was 4.05 points down to close at 5308.93 as Wipro (2.22%) and TCS (0.33%) ended in green while Infosys (0.36%) and Satyam (0.05%) ended in red. Top gainers at BSE Sensex: Tata Steel Rs484.00 (4.18%), Hindalco Rs169.75 (2.91%), L&T Rs1577 (2.87%), BHEL Rs2382 (2.86%) and HDFC Bank Rs1060 (2.81%). Top losers: Tata motors Rs918.90 (3.28%), HLL Rs215.30 (3.13%), Cipla Rs249.00 (1.89%), ACC Rs1024 (1.25%) and Dr Reddys Labs Rs761.05 (1.16%).