Post Session Market Commentary

Market made a northward journey after opening on firm note. Market witnessed heavy buying interest across the index pivotals on back of positive sentiment from global markets that attracted FIIs and local fund houses. Banking, Consumer durable and metals were most attractive stocks today. Overall market breadth was positive as 1284 stocks advanced and 1265 stocks declined on BSE.

BSE sensex closed at 14278.10 up by 187.20 points and Nifty was up by 54.50 points to close at 4137.20. BSE mid cap was up by 31.69 points to close at 6076.79 and BSE small cap was up by 29.02 points to close at 7532.52.

Among the BSE indices, BSE bank index was the top gainers with 153.06 points up to close at 7413.15 as SBI (5.49%), HDFC bank (3.00%), PNB (3.82%), ICICI Bank (1.25%) and OBC (3.19%) ended higher.

BSE Metals index made a smart recovery to close at 9435.96 after adding 152.79 points as Nalco (6.8%), SAIL (4.95%) and Hindalco (3.83%) ended higher while Tata Steel down by (1.19%),

Followed by capital goods index that was up by 102.31 points to close at 9588.10 as ABB (5.51%), siemens (2.29%) and L&T (0.44%) closed higher while BHEL (1.00%) and ended in red.

BSE FMCG index gained 7.84 points to close at 1914.05 as ITC (0.09%) and Dabur (2.02%) closed in green while HLL (0.84%) closed lower.

Telecom pack also performed well as Reliance comm. (3.31%), Bharti Airtel (3.17%) and VSNL (2.47%) closed in green.

BSE oil & gas index was 37.09 points up to close at 6668.11 as GAIL (2.04%), IPCL (1.25%), and Reliance (1.28%) ended in green.

BSE auto index was 54.64 points up to close at 5570.00 as M&M (0.60%), Tata Motors (3.04%), Hero Honda (1.49%) and Maruti Udyog (1.42%) ended in green.

BSE health cares index rose 15.75 points to close at 3820.05 as Sun pharma (1.31%), Dr Reddy labs (0.53%) and Ranbaxy Labs (0.50%) advanced.

BSE IT index gained 51.06 points to close at 5,348.23 as Wipro, TCS and Infosys advanced.