Post Market Commentary

The market after creating a rally over all the sectoral indices scrips closed on a strong note on the back of heavy buying across the counters. The global cues are in favor that gave boost to he domestic market. The market opens with a heavy gap up and keeps on marching forward since the initial bell. Almost all the sectorial indices closed in green except the bankex index that remained out of favor. Most buying is seen from the Metal, Oil & Gas, Consumer durables and Capital Goods baskets. The BSE Sensex grew by 240.22 points to close at 19,603.41 and NSE Nifty closed up by 102.25 points at 5,865. Overall, the market breadth was strong as 2,087 stocks are closed higher while 709 are closed lower. The BSE Mid cap and Small Cap grew by 210.70 points and 260.18 points to close at 8,764.26 and 10,786.20 respectively.

BSE Metal Surged 550.71 points to close at 18,281.24. Scrips that grew are Jindal saw (6.14%), Ispat industries (5.64%), Jindal Steel (4.87%), JSW Steel (4.85%) and Sterlite industries (4.60%).

BSE Capital goods grew by 325.10 points to close at 19,962.48. Jumped by AIA Engineering 4.48%, Alstom Projects 3.96% BHEL 3.02%, ABB 2.91% and L&T 1.21%.

BSE Realty index closed firm at 10,755.75 up by 129.44 points. Pushed up by Mahindra life (7.13%), Unitech (3.14%), Pheonix Mill (2.81%), Akruti City (2.54%)

BSE oil & gas index grew by 426.46 points to closed at 12,786.19. Scrips that jumped are Essar Oil (20.42%), BPCL (4.34%), RNRL (2.97%), Reliance (2.86%) and HPCL (2.58%).

BSE Auto index closed up by 77.08 points at 5,546.58 as Ashok Leyland (5.02%), MRF (3.03%), Bharat Forge (2.72%), M&M (2.61%), Bajaj auto (2.47%) and Mauti Suzuki (1.96%).

BSE IT index grew by 56.43 points to close at 4,254.05 as Wipro (7.19%), Aptech (4.09%), TCS (3.85%), Rolta India (3.92%) and I-Flex (2.07%).

BSE Power index closed higher by 139.88 points at 4,484.10. Scrips that grew are Reliance energy (9.32%), Tata Power (7.72%), GVK Power (5.51%), Torrent Power (2.87%).