Post Session Market Commentary

The markets closed on a positive note as BSE Sensex closed higher by 260.89 points at 14,424.87 and the Nifty gained 75.2 points to end at 4,190.15. All the BSE indices closed in positive territory with BSE mid cap and Small cap closing higher by 85.34 points and 97.86 points at 6,190.45 and 7,522.25 respectively. The market breadth was favorable with 1,563 stocks advancing and 1,067 stocks declining.

BSE Metal index gained 284.2 points to close at 10,276.60. Pushing it up was JSW Steel (10.13%), Welspun Gujarat (5.77%) and Bhushan Steel (4.98%) whereas Jindal Saw (0.55%) and NALCO (0.24%) declined marginally.

BSE Auto Index gained 105.8 points to close at 4,569.26. Taking it higher was Tata Motors (5.71%), Escorts Limited (5.06%), Apollo Tyres (3.87%) and Cummins India (3.11%) whereas Punjab Tractors (1.07%), Hindustan Motor (1.2%) declined.

BSE oil & gas index added 131.53 points to close at 7,516.68. Reliance Petroleum (2.81%) led the gainers pack, followed by ONGC (2.73%), Essar Oil (1.97%). Among the losers were Cairn India (0.59%) and Indian Oil Corp (0.77%).

BSE Bankex index ended higher by 91.14 points at 7,315.43 with Yes Bank (4.79%), Kotak Bank (3.7%) and SBI (3.62%) among the gainers. Among the losers were PNB (0.19%), Canara Bank (0.33%) and Axis Bank (1.8%).

BSE Capital goods index gained by 285.56 points to close at 12,622.23 with SKF India (6.4%), BHEL (5.34%) and Punj Lloyd (4.76%) leading the index gainers. Among the losers were Laxmi Machine Works (2.84%), Kirloskar Oil Engines (2.25%) and Suzlon Energy (1.11%).

BSE FMCG index advanced by 15.58 points at 1,877.97 with Bata India (6.32%), Tata Tea (6.29%) and United Spirits (1.31%) were among the major index gainers.

BSE IT index grew by 52.2 points to 4,408.48 as Satyam (3.34%), Moser Baer (2.63%) and Patni Computers (2.51%) closed in positive territory while HCL technologies (2.09%) and Tech Mahindra (1.48%) registered losses.