Post Market Commentary

The market fell to close lower on the back of selling across the sectoral heavyweights. The benchmark indices slipped due to he profit booking across the counters while the BSE Mid Cap and Small Cap outperformed the benchmark indices to close with hand some gains. Though the market opened on a firm note but failed to retain the initial gains.The Metal, Capital Goods and Consumer durables indices remain the centre of attraction as most buying is seen from these stocks. The BSE Sensex fell 73.91 points to close at 19,529.50 and NSE Nifty closed lower by 6.65 points at 5,858.35. Overall, the market breadth was strong as 1,934 stocks are closed higher while 878 are closed lower. The BSE Mid cap and Small Cap surged 140.28 points and 170.31 points to close at 8,904.54 and 10,956.51 respectively.

BSE Metal Surged 588.04 points to close at 18,869.28. Pushed up by Maharas Seamless (12.37%), Jindal Steel and Power (9.27%), SAIL (8.53%), Jindal Stainless (5.44%), Tata Steel (4.08%) and JSW Steel (2.46%).

BSE Capital goods grew by 213.45 points to close at 20,175.93. Jumped by Lakshmi machines (6.74%), Alstom projects (5.83%), BHEL (1.96%), L&T (1.21%) and Siemens (1.37%).

BSE oil & gas index fell 135.09 points to closed at 12,651.10. Scrips that fell are Cairn India (2.37%), Reliance industries (2.33%), RPL (1.86%) and ONGC (1.28%) while IOCL (8.47%), HPCL (4.02%) and BPCL (4%) closed higher.

BSE Auto index closed up by 92.50 points at 5,639.08 as Ashok Leyland (7.86%), Exide Industries (3.38%), M&M (2.79%), TVS Motor (1.13%) and Tata Motors (0.77%).

BSE Power index closed higher by 24.27 points at 4,508.37. Scrips that grew are Tata power (3.48%), BHEL (1.96%), GVK Power (0.85%), Areva (0.74%) and Suzlon Energy (0.05%).

BSE IT index fell marginally by 6.45 points to close at 4,247.60 as TCS (2.22%), NIIT Techno (2%), Mphasis (0.92%) and HCL Tech.(0.34%).