Market Commentary

The BSE Sensex ended the session on a negative zone as it declined drastically by 279.08 points to close at 14,255.93 while Nifty closed at 4,198.25 dropped by 86.4 points. Of the 2,615 stocks actively traded on BSE, 1,707 stocks declined while 841 stocks advanced. The BSE Mid cap and Small cap closed lower by 79.11 points and 96.91 points at 6,181.91 and 7,389.76 respectively.

BSE Capital goods index drifted lower by 173.26 points to close at 10,981.01 as BHEL (3.09%), ABB (1.52%), L&T (1.31%) and Siemens (0.45%) closed in negative.

BSE bank index closed lower by 229.12 points at 7,594.85 as PNB (5.14%), SBI (3.35%), IDBI bank (3.27%), ICICI bank (3.02%) and HDFC bank (2.83%) closed in red closed in red.

BSE Metal index closed at 10,414.47 slipped by 234.36 points as SAIL (4.67%) and Tata Steel (3.66%) closed in red while Hindalco (1.88%) closed in green.

BSE IT index closed in negative at 4,872.64 down by 12.29 points as HCL Tech (0.78%), TCS (0.71%), Wipro (0.59%) and Infosys (0.15%) closed in red while Satyam (0.43%) closed in green.

BSE Auto Index closed lower by 91.81 points at 4,868.44 as Tata motors (3.37%), Maruti Udyog (2.84%), Bajaj Auto (1.37%), M&M (0.90%) and Hero Honda (0.31%) closed in red.

BSE Health Care Index closed at 3,785.41 fell by 62.58 points as Ranbaxy labs (3.07%), Glaxosmithkline (1.71%), Sun pharma (1.62%), Cipla (1.27%) and Dr. Reddy lab by (0.76%) closed lower.

BSE FMCG index slipped by 27.67 points to close at 1,842.20 as ITC (2.13%), Dabur (0.74%) and HLL (0.15%) closed in red.

BSE oil & gas index soared down by 243.55 points to close at 7,468.53 as GAIL (3.53%), ONGC (3.30%), Reliance petroleum (3.10%) and BPCL (2.60%) closed in red.