Post Market Commentary

The market closed marginally higher after paring most of its initial gains. The market opened on a strong note but failed to sustain all its gains and fell to close with little gains on the back of heavy selling across the sectoral indices scrips. The market lost most of its grounds towards the end of the session as selling intensified. Most buying is seen from the Realty baskets. The BSE Sensex touched an intraday high of 20,064.31 and low of 19,716.57 during the trading session. The BSE Sensex closed higher by 53.27 points at 19,791.34 and NSE Nifty closed up by 14.7 points at 5,954.70. Overall, the market breadth was strong as 1805 stocks are closed higher while 1043 are closed lower. The BSE Small Cap grew by 71.89 points 11,343.85 while BSE Mid cap slipped by 24.17 points to close at 9,028.66.

BSE Realty index surged 318.08 points to close at 11,271.88. Scrips that jumped are Omaxe (12.20%), Unitech (9.82%), Penland (6.62%), Anantraj (2.33%), Sobha developers (2.12%).

BSE Bankex index grew by 87.68 points to close at 11,108.28 as Canara Bank (3.25%), ICICI Bank (3.24%), Oriental Bank (0.99%), SBI (0.55%) and Kotak Bank (0.18%) closed higher

BSE Capital goods dropped by 26.02 points to close at 20,377.24. Pushed it down by Kalpataru power (1.93%), AIA Engineering (1.58%), Areva (1.95%), BHEL (1.30%) and BEML (1.26%).

BSE Oil & Gas index closed down by 104.16 points at 12,835.83. Scrips that fell are Indian Oil (2.66%), BPCL (1.71%), ONGC (1.15%), HPCL (1.13%) and Essar Oil (0.98%).

BSE Metal closed lower by 123.01 points to close at 18,921.21. Scrips that dropped are Jindal Saw (5.25%), Hindalco Industries (3.11%), SAIL (2.85%), Tata Steel (2.10%), Bhusan Steel (1.89%) and Jindal Stain (1.51%).

BSE IT index closed up by 34.87 points at 4,266.90 as Tech Mahindra (4.24%), Rolta India (3.25%), Moser Baer (2.12%), Infosys (1.97%), Patni computers (1%) and I-Flex (0.69%) closed in green