Post Session Market

The market surged to close the session in a positive territory as BSE Sensex closed higher by 653.63 points at 16,322.75 and Nifty grew by 186.15 points to close at 4,732.35. Today the market rallied as US Federal Reserve announced a 50 basis poinits cut in fed funds rate to 4.75% .The BSE mid cap and Small cap closed firm as it was up by 131.58 points and 90.11 points at 7,116.61 and 8,871 respectively. The market breadth was strong with 1541 stocks advanced and 1233 stocks declined. The total turnover on BSE crossed Rs 5,500 crore mark. Shares from real estate pack surged on the back of interest rates have peaked for the time being.
BSE Metal index surged by 461.22 points to close at 12,546.34 as SAIL (6.71%), Sterlite (5.35%), Tata steel (4.75%), Hindalco (3.75%) and JSW steel (2.73%) closed in green.
BSE bankex index surged by 400.91 points to close at 8,691.45 as HDFC (7.94%), HDFC bank (7.83%), ICICI bank (4.90%), PNB (4.90%) and SBI (4.52%) closed in green.
BSE oil & gas index grew by 425.29 points to close at 8,924.11 as GAIL India (6.30%), ONGC (5.95%), Reliance industries (5.56%), IPCL (5.10%) and RPL (2.44%) closed higher.
BSE Capital goods index advanced by 249.96 points to close at 14,112.99 as ABB (2.01%), Siemens (1.91%), L&T (1.88%) and BHEL (1.50%) closed in green.
BSE IT index closed higher by 105.80 points at 4,491.21 as Infosys (2.96%), TCS (2.03%), Satyam (1.84%), HCL tech (1.19%) and Wipro (0.93%) closed in green.
BSE Health Care Index closed up by 42.66 points at 3,704.27 as Glenmark (2.96%), Sun pharma (1.68%), Ranbaxy (0.73%), Dr Reddy lab (0.55%) and Cipla (0.59%) closed in positive.
BSE FMCG index increased by 42.95 points to close at 2,140.91 as ITC (3.72%), Bata (3.13%), Tata Tea (2.08%) and HUL (1.26%) closed higher.