Post Market Commentary

The market closed on a positive note after struggling a lot towards the end of the session as the profit booking prevails across the counters. The market opened with a handsome gains due to he favoring global cues but unable to sustain at higher levels and pared all its gains after the mid session but buying is seen at the lower levels which led the market to closed higher. The Bankex and Realty scrips remained in the limelight as the investor''s showed more confidence towards buying these stocks. Both the BSE Mid cap and Small cap remained out of favor as they closed lower by 11.80 points and 18.46 points at 9,021.96 and 11,342.27 respectively. The BSE Sensex closed higher by 170.13 points at 19,966 and NSE Nifty closed up by 19.6 points at 5,974.30. Overall, the market breadth was strong as 1460 stocks are closed higher while 1406 stocks are closed lower.

BSE Realty index surged 229.27 points to close at 11,576.33. Scrips that gained are Mahindra Life (8.07%), Penland (6%), DLF (4.13%), Parsvnath (3.95%), Indiabull real (3.20%), Akruti City (1.13%).

BSE Bankex index closed higher by 269.68 points to close at 11,377.96. Pushed up by CENTBOP (14.14%), ICICI bank (4.02%), Oriental bank (2.31%), HDFC bank (2.09%), SBI (1.67%) and Canara bank (0.68%).

BSE IT index closed up by 157.42 points at 4,424.57. Pushed up by Tech Mahindra (9.93%), NIIT tech (7.03%), I-Flex (5.78%), Infosys (5.09%), TCS (2.62%) and Wipro (1.85%).

BSE Capital goods dropped by 158.36 points to close at 20,218.88. Scrips that fell are Crompton Greaves (3.05%), AIA Engineering (2.35%), Lakshmi machines (1.98%), BHEL (1.54%).

BSE Oil & Gas index closed lower by 100.50 points at 12,735.33. Pulled down by HPCL (2.54%), GAIL India (1.55%), IOCL (1.53%), Reliance industries (1.14%), RNRL (1.14%) and RPL (0.77%).

BSE Metal declined by 183.13 points to close at 18,738.08. Scrips that dropped are Gujarat NRE (3.55%), Bhusan Steel (3.17%), Hindalco (2.51%), Jindal Stainless (2.35%), SAIL (1.84%), Tata Steel (1.63%).