Post Market Commentary

The market after struggling in the middle at last closed the session in a positive territory. The BSE Sensex grew by 53.71 points to close at 16,899.54 and Nifty increased by 14.7 points to close at 4,946.The BSE mid cap and Small cap closed with little gains as it was up by 3.19 points and 4.08 points at 7,313.33 and 8,967.51 respectively.

BSE Metal index surged by 50.36 points to close at 13,080.83 as JSW steel 4.38%, Jindal Saw 3.01%, Hindalco 2.86%, Hind zinc 2.35% Nalco 0.34% and Sterlite 0.74% closed in green.

BSE bankex index slipped by 16.51 points to close at 8,944.98 as Oriental bank 3.97%, Allahabad bank 3.59%, Andhra bank 2.44%, PNB 2.12%, BOB 1.69%, SBI 1.60% and ICICI bank 0.58% closed lower.

BSE oil & gas index advanced by 126.34 points to close at 9,777.51 as Essar oil 9.33%, IOCL 7.89%, BPCL 7.31%, HPCL 3.41% and Reliance industries 1.82% closed in red.

BSE Capital goods index closed lower by 74.10 points at 14,763.61 as Areva 5.21%, Punj Lloyd 2.20%, Siemens 1.78%, L&T 1.12%, BHEL 0.41%, Suzlon 0.19%, closed in negative.

BSE IT index closed little lower by 1.21 points at 4,348.62 as Patni computer 2.88%, Patni computer 2.82%, Wipro 1.58%, Mphasis 0.56% and TCS 0.38% closed in red.

BSE Health Care Index closed up by 24.37 points at 3,687.60 as Glenmark 2.68%, Pfizer 1.96%, Wockhardt 1.75%, Ranbaxy 1.73% and Cipla 1.17% closed in positive.

BSE FMCG index closed higher by 2.78 points at 2,156.35 as Nestle 1.88%, HUL 1.57%, Bata 0.52% and Britannia 0.16% closed higher.