Post Session Market Commentary

After opening higher, market was trading strong on back of sustained buying interest seen across the index pivotals. As a result, BSE sensex and Nifty made another remarkable record by closing all time high. Telecom, capital goods, Metal, IT and health cares stocks are in favor while selective selling activities were seen in oil & gas and Bank stocks. Overall market breadth was positive as 1344 stocks advanced and 1230 stocks declined on BSE.

BSE sensex closed at 14403.77 up by 136.59 points and Nifty was up by 46.30 points to close at 4183.50. BSE mid cap was up by 41.41 points to close at 6118.20 and BSE small cap was up by 28.20 points to close at 7560.72.

BSE Capital goods index was the top gainers with 235.71 points advanced to close at 9823.81 as siemens (0.95%) ,L&T (4.68%) closed higher while ABB (2.00%) and BHEL (0.36%) ended red.

Followed by BSE health cares index that rose 35.04 points to close at 3855.09 as Glaxosmithkline (1.87%), Cipla (1.01%) and Ranbaxy Labs (0.22%) advanced.

Telecom pack also performed well as Reliance comm. (3.26%), Bharti Airtel (5.24%) and VSNL (5.70%) closed in green.

BSE IT index gained 44.06 points to close at 5,392.29 as Satyam (3.72%), Wipro (2.84%) and TCS (0.62%) closed in green.

BSE FMCG index gained 6.43 points to close at 1920.48 as ITC (1.80%) and HLL (0.84%) closed in green .

BSE auto index was 28.06 points up to close at 5598.06 as M&M (0.72%), Tata Motors (0.17%), and Maruti Udyog (0.61%) ended in green.

BSE Metals index closed at 9457.29 with gain of 21.33 points as SAIL (1.03%), Tata Steel (0.98%) and Hindalco (0.27%) ended in green while Nalco slipped (4.25%).

BSE bank index plunged 6.96 points to close at 7406.19 as HDFC (3.88%) and ICICI Bank (1.25%) ended in green while SBI (2.16%), HDFC bank (0.22%) and OBC (3.19%) ended lower.

BSE oil & gas index was 13.53 points down to close at 6654.58 as GAIL ,IPCL and Reliance ended in green while ONGC and BPCL ended in red.