Post Market Commentary

The markets closed the session on a strong positive note as BSE Sensex closed higher by 417.51 points at 14,842.38 and the Nifty grew 112.45 points to end at 4,302.60. The BSE mid cap and Small cap closing higher by 170.21 points and 203.27 points at 6,360.66 and 7,725.52 respectively.

BSE Metal index gained 361.04 points to close at 10,637.64. as JSW Steel (7.06%), Hindalco (4.54%), Sterlite industries (4.49%), Tata Steel (3.55%), Jindal Steel (2.64%) and Nalco (1.18%) closed higher.

BSE Auto Index gained 113.71 points to close at 4,682.97 as TVS Motor (5.86%), Maruti Udyog (5.13%), Escorts (3.13%), Punjab tractors (3.12%), Tata Motors (2.84%), Apollo Tyres (2.82%), Mahindra and Mahindra by (2.66%) a closed in green.

BSE oil & gas index added 209.12 points to close at 7,725.80. GAIL India (4.42%) led the gainers pack, followed by Reliance Industries by (3.29%), ESSAR Oil (2.85%), Reliance Petroleum (2.19%) and ONGC (1.59%)

BSE Bankex index ended higher by 339.55 points at 7,654.98 with SBI (6.17%), Allahabad bank (6.01%), Yes Bank (5.95%), ICICI bank (5.93%), Federal bank (5.40%), Kotak Bank (4.90%) closed in green.

BSE Capital goods index gained by 457.79 points to close at 13,080.02 with Areva (7.25%), Havell India (5.96%), Alstom projects (5.84%), Crompton Greaves (5.72%), ABB (5.13%), Punj Lloyd (4.85%), AIA Engineering (4.53%), L&T (3.75%).

BSE Health care index closed higher by 63.31 points at 3,487.33 as Fortis healthcare (5.73%), Aurobindo pharma (5.05%), Lupin ltd (5.03%), Ranbaxy (2.77%), Glaxosmithkline (1.88%) closed in green .

BSE FMCG index advanced by 34.23 points at 1,912.20 with Colgate palm (7.53%), Britannia (4.40%), United spirit (3.05%), Nestle (2.80%), Tata Tea (2.04%) closed higher.

BSE IT index grew by 64.91 points to 4,473.39 as Rolta India (7.61%), Mosear Baer (6.07%), Patni Computers (4.94%), HCL technologies (2.95%), Financial technologies (2.47%) closed in positive territory.