Post Session Market Commentary

After opening on positive note, market was trading through the day in negative territory and ended lower due to profit booking in index pivotals. Overall market breadth was highly negative as 560 stocks advanced and 2030 stocks declined on BSE. Sectoral indices closed lower.

BSE sensex closed at 14538.90 down by 113.19 points and Nifty was down by 30.00 points to close at 4187.40. BSE mid cap was down by 108.76 points to close at 6064.79 and BSE small cap was down by 160.97 points to close at 7490.10.

BSE Metal index was the top losers with 161.05 points at 9114.05 as SAIL (1.73%), Hindalco (1.34%) and Tata Steel (1.89%) ended in red.

BSE Capital goods index tumbled 136.83 points to close at 9939.61 as L&T (2.60%), ABB (0.27%) and BHEL (0.18%) ended red.

BSE health cares index slipped 57.94 points at 3842.94 as Cipla (2.10%) and Sun Pharma (1.66%), Dr. Reddys labs (1.56%) and Ranbaxy labs (1.51%) declined.

BSE bank index closed 34.52 points down at 7560.31 as ICICI Bank (0.97%), SBI (0.77%) and HDFC Bank (0.15%) ended in red.

BSE oil & gas index dropped 56.49 points at 6631.51 as IPCL (2.69%), HPCL (2.04%), BPCL (1.59%), ONGC (1.45%) and Reliance (0.72%) ended in red.

BSE IT index closed 41.76 points down at 5479.15 as Satyam (3.67%), TCS (1.48%) and Infosys (0.72%) ended lower.

BSE auto index plunged 38.43 points at 5750.52 as Bajaj auto (0.67%) and Tata motors (0.59%) closed in green while M&M, Hero Honda and Maruti Udyog ended in red.

Telecom pack was lower as MTNL (4.39%), VSNL (3.06%), Reliance comm (2.67%) and Bharti Airtel (2.05%) closed in red.

BSE FMCG index closed 10.06 points down at 1901.17 as ITC (0.37%), Dabur (1.15%%) and HLL (1.61%) plunged.