Post Market Commentary

After a strong opening for the day, the market kept on climbing new peaks during the session as heavy buying was happening across all the index pivotals. Capital goods, power, energy, realty and metal stocks surged heavily during the day. The market breadth was also very good as out of 2798 shares, 2089 advanced, 658 declined and 51 remained unchanged. The surge also came on the back of market regulator SEBI allaying concerns of overseas investors, assuring them the process of registration, as FIIs will be expedited. The benchmark index Sensex has registered its biggest intraday gain of 878.85 points to close at 18492.84, whereas Nifty has also made a remarkable recovery of 289.70 points to close at 5473.70. Further, BSE Midcap and BSE Smallcap also closed with higher gains of 292.83 points and 284.25 points at 7556.24 & 9135.72 respectively.

BSE Capital goods closed with the highest gain of 1208.42 points at 16,777.18. Fueling it up are Punj Lloyd, with the highest gain of (13.08%), BHEL (11.54%), Crompton Greaves (10.29%), Suzlon Energy (9.84%), AIA Engineering (8.50%).

BSE Metal also followed the gaining rally to closed higher by 959.57 points at 15.392.29. Pushing it up are Jindal Steel (12.81%), Sesa Goa (10.93%), SAIL (10.90%), Welspun Gujarat (10.06%) and Maharashtra Sea by (9.11%).

The Oil and Gas index ended with good gain of 660.55 points to close at 10,740.5 as Reliance (7.83%), RPL (6.55%), Gail (5.86%), ONGC (4.23%).

The Reality index also surged by 573.81 points to close at 9568.03. Taking it up are Unitech Ltd (9.94%), Penland Ltd (9.52%), DLF (8.30%), Parsvnath (6.25%).

Along with these, BSE Bankex also closed with higher gain of 534.02 points at 9563.11. Scrips surged are Bank of India (22.28%), Kotak Bank (13.21%), Canara Bank (11.32%), Yes Bank (10.00%), Union Bank (9.74%).

BSE IT remained under pressure with the marginal gain of 15.71 points to close at 4,634.88. Scrips moved up are Financial Tech (4.49%), Moser Baer (3.34%) and Satyam (2.97%).