Post Session Market Commentary

Market closed higher with handsome gain despite of F&O expiry contract. It witnessed heavy buying interest across the index pivotals especially Metals and capital stocks. As a result Nifty closed at all time high. BSE sensex closed at 14282.72 up by 172.26 points and Nifty was up by 57.80 points to close at 4147.70. Overall market breadth was positive as 1420 stocks advanced and 1126 stocks declined on BSE. BSE sectoral indices closed green except BSE Health index. BSE health cares index lost 6.86 points to close at 3739.11 as Cipla (1.49%), Ranbaxy Labs (1.08%) and Glaxo SmithKline (0.59%) ended in red. Among the sectoral gainers: BSE Metals index was top gainers with 4.5% up as SAIL was up 7%, Tata Steel gained 5.62%. BSE capital goods index added 174.00 points to close at 9642.95 as L&T (1.92%), BHEL (3.47%) and ABB (0.86%) ended higher. BSE Bank index gained 53.90 points to close at 7437.73 as ICICI Bank (1.59%), HDFC Bank (0.56%) and SBI (0.45%) closed in green. BSE oil & gas index was 44.44 points up to close at 6539.82 as ONGC (1.01%), GAIL (1.96%) and Reliance (0.04%) and HPCL (1.80%) ended in green. BSE auto index was 50.56 points up to close at 5590.34 as Tata Motors (1.52%), Maruti Udyog (0.42%) and Bajaj Auto (0.36%) closed in green. BSE IT index advanced 49.65 points to close at 5367.85 as Wipro (3.81%), Satyam (1.17%)and TCS (0.14%) ended in green. Both BSE mid cap and Small cap ended in green. Mid cap was up by 60.50 points to close at 6088.98 and Small cap was up by 32.24 points to close at 7,576.13. Top gainers at BSE Sensex: Tata Steel Rs508.50 (5.62%), Wipro Rs655 (3.61%), Hindalco Rs174.90 (3.58%), BHEL Rs2444.00 (3.10%) and L&T Rs1625 (3.06%). Top losers: Cipla Rs245.00 (1.49%), Ranbaxy Labs Rs 397(1.08%) and Hero Honda Rs715 (0.45%).