Post Session Market Commentary

Market remains in red territory as it witnessed heavy selling pressure across all sectors. On BSE, the biggest pockets of weakness were reported in Consumer Goods, Auto, Consumer Durables and Healthcare indices.

BSE Sensex closed at 12,415.04 down by 471.09 points or 3.66% and Nifty was down by 150.25 points or 4.03% to close at 3576.50.

In BSE Sensex Ranbaxy, Maruti and Dr. Reddy were some of the main losers with a decline of 7.56%, 6.56% and 6.35% respectively.

Against this, Gujarat Ambuja and Grasim were up by 2.05% and 0.18% respectively

. In Nifty, Jet Airways, SAIL and M&M were the main losers with a decline of 9.70%, 8.46% and 7.96% respectively.

Further, the BSE Mid cap and BSE Small cap felt by 4.97% or 271.84 points and 5.64% or 375.06 points to close at 5194.40 and 6270.75 respectively.

BSE Consumer Goods index dropped by 5.51% to close at 8,242.83 as out of the total 26 stocks in the sector 25 were close in a negative territory.

BSE Auto dropped by 5.18% to close at 4755.96 as Maruti (6.56%) TVS Motor (10.64%) and all the remaining 18 scrips in the sector were reported a decline.

BSE Consumer Durables felt by 4.68% to close at 3404.25% as out of the total 6 scrips 5 were close in a negative territory.

BSE Healthcare index was another main looser, as it dropped by 4.64% to close at 3,328.40 and on a overall basis, out of the total 23 scrips 20 were closed in red.