Post Session Market Commentary

After opening on a positive note, the market was not able to sustain the selling pressure and within half an hour it entered into negative territory. During the day, the BSE Sensex touched the highest of 12638.78 points and a low of 12316.10 points. Finally, it closed with a decline of 113.45 points or 0.90% at 12430.40 points. Following this trend, the NSE Nifty touched a high of 3683.60 points and a low 3573.85 points and at last closed at 3608.55 points with a drop of 35.05 points or 0.96%. Overall, the market breadth was negative as 817 stocks were up whereas 1738 stocks registered a decline during the day. BSE Sectoral indices closed in red except the Oil & Gas index.

BSE Mid cap and BSE Small cap were changed in line with the broader market, as mid cap was down by 45.22 points or 0.86% at 5235.57, whereas the small cap witnessed relatively major decline, as it dropped by 93.54 points or 1.47%.

BSE oil & gas index closed at 6049.30 marginally up by 0.38% as HPCL (2.01%), BPCL (1.64%), and RIL (1.2%) closed in green.

BSE Metal index closed 0.63% down at 8,123.19 as Hindalco (1.22%) and Tata Steel (0.52%) ended in red.

BSE IT index closed 0.97% down at 4879.46 as Infosys, TCS and Satyam ended lower.

BSE health cares index closed 0.52% down at 3459.06: Dr Reddy, Ranbaxy and GSK ended in green.

BSE FMCG index closed at 1625.99, down by 0.97%, as ITC, HLL and Dabur closed in red.

BSE bank index slipped 1.35% at 6107.72: ICICI Bank, HDFC bank, HDFC and SBI ended in red.

BSE Capital goods index tumbled by 2.60% at 8334.96 as Suzlon, L&T and BHEL ended lower.