Post Session Market Commentary

After opening on positive note, market slipped into negative terrain and continued to trade lower on back of selling pressure. At last, it closed lower due to lack of buying support. As a result BSE sensex closed at 14211.96 down by 70.76 points and Nifty was up by 23.25 points to close at 4124.45. BSE mid cap was up by 11.88 points to close at 6100.86 and BSE small cap was marginally up by 0.38 points to close at 7576.51

. Overall market breadth was marginally positive as 1320 stocks advanced and 1288 stocks declined on BSE.

BSE bank index was top loser with 180.81 points down to close at 7266.01 as ICICI Bank (3.88%), OBC (2.36%), SBI (1.97%) and HDFC (1.82%) ended lower.

BSE FMCG index declined 35.16 points to close at 1916.09 as ITC (3.01%) and HLL (0.72%) closed lower.

BSE oil & gas index was 20.40 points up to close at 6711.31 as ONGC (0.09%), Reliance (0.69%), BPCL (1.16%) and IPCL (0.67%) ended in green.

BSE auto index was 30.77 points down to close at 5560.86 as Tata Motors (3.25%), Maruti Udyog (1.27%) ended in red.

BSE health cares index gained 9.98 points to close at 3813.17 as Cipla (1.27%), Ranbaxy Labs (1.69%) and Glaxo SmithKline (2.51%) ended in green.

BSE Metals index surged 134.16 points at 9,759.61 as SAIL was down (0.27%) while Hindalco (2.82%) and Tata Steel (1.93%) ended in green.

BSE capital goods index closed flat as siemens (0.93%), L&T (0.34%) and BHEL (2.33%) ended in green.

BSE IT index was 49.92 points down to close at 5,315.57 as Hexaware Tech, HCL Info, Wipro, Satyam and Patni Computer lower.