Post Market Commentary

The market surged to close the session on a positive note as BSE Sensex closed higher by 216.28 points at 16,564.23 and Nifty grew by 90 points to close at 4,837.55.The BSE mid cap and Small cap closed firm as it was up by 67.21 points and 19.23 points at 7,199.92 and 8,895.30 respectively.

BSE Metal index surged by 89.45 points to close at 12,812.76 as Jindal steel (9.66%), SAIL (2.80%), Jindal saw (1.01%), JSW steel (0.91%) and Tata steel (0.14%) closed in green.

BSE bankex index grew by 51.16 points to close at 8,739.84 as Oriental bank (4.62%), Union bank (3.30%), SBI (2.78%), Canara bank (1.15%), Allahabad bank (0.97%), Andhra bank (0.96%) closed higher.

BSE oil & gas index surged by 320.49 points to close at 9,340.05 as RPL (11.60%), Reliance industries (3.75%), GAIL India (3.67%), ONGC (1.98%), IOCL (1.56%) and Essar oil (0.56%) closed higher.

BSE Capital goods index advanced by 127.71 points to close at 14,520.17 as Areva (6.80%), ABB (2.07%), Punj Lloyd (2.07%), BHEL (1.22%), L&T (1.34%) and Siemens (0.88%) closed in positive.

BSE IT index closed higher by 37.59 points at 4,428.34 as Wipro (1.48%), TCS (1.41%), Infosys (1.23%), HCL tech (0.82%) and Finance tech (0.74%) closed higher.

BSE Health Care Index closed lower by 19.95 points at 3,654.24 as Glenmark (2.45%), Lupin (1.69%), Sun pharma (1.48%), Cipla (0.92%), Nicholas piramal (0.72%) and Ranbaxy (0.43%) closed in negative.

BSE FMCG index decreased by 12.72 points to close at 2,152.99 as Britannia (3.84%), Nestle (3.51%), Tata tea (2.54%) and ITC (1.60%) closed lower.