Post Market Commentary

The markets closed on positive note as BSE Sensex closed higher by 109.08 points at 15,614.44 and the Nifty closed higher by 32.1 points at 4,528.95. The BSE mid cap and Small cap closed higher by 57.15 points and 65.91 points at 6,946.70 and 8,638.26 respectively. The market breadth was strong with 1,576 stocks advanced and 1115 stocks declined.

BSE bankex index surged by 102.17 points to close at 8,081.94 as Kotak bank (3.31%), SBI (3.18%), HDFCbank (2.87%), Union bank (2.08%), Axis bank (1.96%), PNB (1.82%) closed higher.

BSE oil & gas index grew by 57.62 points to close at 8,378.77 as GAIL (1.15%), ONGC (0.94%), Reliance industries (0.67%), BPCL (0.50%) and RPL (0.38%) closed higher.

BSE Auto Index grew by 63.56 points to close at 4,939.34 as Maruti Udyog (3.82%), TVS (3.23%), Hero Honda (1.67%), Tata Motors (1.35%), M&M (1.33%) and Bajaj auto (1%) closed in green.

BSE Capital goods index grew by 59.70 points to close at 13,723.88 as Suzlon energy (3.61%), Praj industries (3.06%), BEML (1.92%), Alfa laval (1.36%) and Alstom (1.26%) and L&T (0.14%) closed higher.

BSE IT index increased by 38.59 points to close at 4,482.57 as Mphasis (2.96%), Tech Mahindra (2.17%), TCS (1.34%), Satyam (1.25%), Wipro (1.07%) and Infosys (0.77%) closed in red.

BSE Health Care Index closed higher by 9.32 points at 3,693.88 as Lupin ltd (2.73%), Nicholas piramal (1.43%), Glennmark (0.55%), Sun pharma (0.24%) and Wokhardt (0.18%) closed in positive.

BSE Metal index increased marginally by 6.35 points to close at 11,924.63 as Jindal steel (7.55%), Welspun Gujarat (6.84%), sterlite industries (0.46%) closed in green while SAIL (0.95%), Hindalco (0.81%), Tata Steel (0.66%) and Nalco (0.50%) closed in red.

BSE FMCG index dropped by 11.14 points to close at 2,070.79 as United breweries (3.48%), Colgate Palmolive (1.26%), HUL (0.97%) and ITC (0.53%) closed in red.