Post Market Commentary

The markets closed the session on a negative note as BSE Sensex closed lower by 19.25 points at 15,446.15 and the Nifty slipped by 3.4 points to close at 4,475.85. The BSE mid cap and Small cap closed higher by 7.42 points and 18.86 points at 6,773.34 and 8,289.81 respectively. The market breadth was strong with 1,436 stocks are advancing and 1298 stocks are declining.

BSE Capital goods index slipped by 65.90 points to close at 13,566.71 as Jyoti structures (2.82%), L&T (1.32%), Praj industries (1.05%), BHEL (0.94%) and Siemens (0.32%) closed in red.

BSE bankex index closed higher by 11.84 points at 8,018.42 as Andhra bank (1.58%), AXIS bank (1.36%) and ICICI bank (1.17%) closed higher while Bank of Boroda (2.52%), BOI (2.43%), Yes bank (1.53%), SBI (0.99%) and HDFC bank (0.15%) closed lower.

BSE Metal index advanced by 20.02 points to close at 11,598.59 as JSW steel (2.68%), Sesa Goa (1.72%), Sterlite (0.55%), Welspun (0.35%) closed higher while Bhusan steel (4.55%), Hind Zinc (2.37%) and Jindal stainless (1.07%) closed lower.

BSE Auto Index grew marginally by 2.64 points to close at 4,876.96 as Tata Motors (1.05%), Ashok Leyland (0.91%) and Bajaj Auto (0.90%) closed in green while M&M (0.84%), Maruti Udyog (2.34%), Hero Honda (1.01%) closed in red.

BSE oil & gas index dropped by 45.95 points to close at 8,141.59 as HPCL (0.94%), RPL (0.73%), IPCL (0.67%), Indian Oil (0.44%), ONGC (0.23%) and BPCL (0.02%) closed lower.

BSE IT index jumped by 20.45 points to close at 4,646.29 as HCL Tech. (1.61%), Wipro (1.47%), Infosys (0.44%), TCS (0.53%) and I-Flex (0.48%) closed higher.

BSE Health Care Index closed up by 18.33 points at 3,698.69 as Matrix labs (8.53%), Sun pharma (3.16%), Cadila (2.26%), Cipla (1.87%), GlaxoSmithKline (0.33%) and Dr reddy (0.16%) closed higher.

BSE FMCG index grew by 6.97 points to close at 2,001.21 as united breweries (3.10%), Colgate Palmolive (1.58%), Dabur (1.29%), HUL (0.81%) and Godrej (0.68%) closed in green.