Post Market Commentary

The markets closed on negative note as BSE Sensex closed lower by 54.06 points at 15,542.77 and the Nifty slipped by 10.8 points to close at 4,497.05. The BSE mid cap closed lower by 8.65 points at 6,875.74 while Small cap closed higher by 14.72 points at 8,529.09. The market breadth was strong with 1,402 stocks advanced and 1340 stocks declined.

BSE Metal index surged by 166.17 points to close at 11,772.22 as SH.Precoated (5%), Jindal steel (4.80%), Tata Steel (2.27%), Jindal stainless (2.20%) and sterlite industries (0.85%) closed in green.

BSE Capital goods index advanced by 59.97 points to close at 13,714.26 as Suzlon energy (3.60%), Alstom projects (1.87%), BHEL (1.03%), Thermax (1.01%) and L&T (0.41%) closed higher.

BSE FMCG index grew by 12.95 points to close at 2,098.05 as United spirits (4.81%), Dabur India (3.69%), Colgate Palmolive (1.91%) and HUL (1.47%) closed in green.

BSE Health Care Index closed lower by 16.99 points at 3,703.82 as Nicho;as piramal (2.31%), Lupin (2.26%), Dr Reddy''s lab (1.01%), Glaxosmithkline (0.68%) and Cipla (0.59%) closed lower.

BSE bankex index closed lower by 62.30 points at 8,038.07 as SBI (1.12%), ICICI bank (1.11%), Yes bank (1.08%), BOI (0.78%), HDFC bank (0.71%), Canara bank (0.59%) closed in negative while IOB (7.22%) closed in positive

BSE Auto Index dropped by 33.24 points to close at 4,867.13 as Ashok Leyland (2.34%), Tata Motors (1.88%), Maruti Udyog (1.65%) and Mahindra and Mahindra (0.50%) closed in negative while Bajaj Auto (0.24%) and Hero Honda (0.02%) closed in positive.

BSE oil & gas index increased by 0.78 points to close at 8,260.71 as HPCL (2.30%), BPCL (1.65%), GAIL (0.58%) and RPL (0.08%),closed higher while IPCL (0.69%), ONGC (0.46%) and Indian Oil (0.15%) are closed lower.

BSE IT index slipped by 100.33 points to close at 4,470.56 as HCL Tech.(2.93%), Infosys (2.58%), Wipro (2.45%), TCS (2.21%) and Satyam (2.04%) closed in red.