Post Market Commentary

The market closed on an upbeat note by creating a rally over all the sectoral indices. All the sectotral indices closed in a positive territory. Most buying is seen Metals, Capital goods, Realty and Oil & gas indices scrips. The market pared most of gains at the mid session as the news about the three bomb blasts in UP came but it doesnot put any pressure on the investors mind for long and recovered well to closed the session on a impressive note. The Sensex covers an intraday high of 18,910.46 and low of 18,548.06 during the trading session. Finally, BSE Sensex closed with a hand some gain of 326.55 points at 18,852.87 and NSE Nifty closed up by 89.25 points at 5,608.60. Overall, the market breadth was strong as 1,760 stocks are closed higher while 1034 are closed lower. Both BSE Mid cap and Small cap grew by 137.66 points and 110.56 points to close at 8,228.50 and 10,171.43 respectively.

BSE Auto index closed up by 77.39 points at 5,256.55 as Escorts (8.42%), TVS (4.52%), MICO (4.41%), Bharat Forge (4.09%), Tata Motors (3.27%) and Bajaj Auto (2.46%) closed in green.

BSE Capital Goods index closed higher by 500.94 points at 19,316.12. Pushing it up are Alstom projects (4.75%), Praj industries (4.39%), L&T (4.02%), ABB (3.22%), BHEL (2.34%) and Siemens by (2.23%).

BSE Metal index surged by 548.96 points to closed at 16,594.08. Pushed up by Jindal steel (20.74%), Welspun Gujarat stalh (7.70%), Jindal Stainless (6.68%), Sterlite (4.60%) and SAIL (1.94%).

BSE oil & gas index surged by 295.40 points to closed at 11,987.47. Jumped by Essar oil by (12.50%), RNRL (6.75%), Aban Offshore (3.75%), Reliance industries (3.03%)

BSE Power index grew by 131.28 points to close at 4,282.35. Scrips that grew are Reliance energy (7.48%), Torrent Power (7.39%), Power Grid (6.59%), GMR Infra (4.74%), NTPC (3.98%).

BSE IT index closed up by 57.20 points at 4,017.10 as Educomp solution (9.35%), Tech Mahindra (5.13%), HCL tech (4.42%), NIIT tech (3.68%), and Infosys (1.71%) are closed lower