Post Market Commentary

The market tumbled towards the end of the trading session on the back of profit booking by the investors across the counters. Though the market opened on a strong note to touch its all time high but all of a sudden lost the grip to pare all its initial gains on the back of heavy selling pressure. Almost all the major sectoral indices closed in red except the Metal, FMCG and Health Care indices that attracts investors confidence to closed in green. The BSE Sensex touched its intraday high of 20,498.11 and low of 20,065.63 during the trading session. The BSE Sensex closed lower by 271.48 points at 20,104.39 and NSE Nifty fell 101.2 points to closed at 6,058.10. Once again both the BSE Mid cap and Small cap outperformed the benchmark indices to close up by 36.45 points and 122.34 points at 9,375.94 and 12,007.33 respectively. Overall, the market breadth was strong as 1,842 stocks are closed higher while 1060 stocks are closed lower.

BSE Metal index surged 138.65 points to close at 19,767.72. Scrips that gained are JSW Steel (7.84%), Bhushan steel (7.47%), Ispat industries (5.71%), Tata Steel (2.89%), Seas Goa (2.76%).

BSE Capital Goods slipped by 246.31 points to close at 20,061.96. Scrips that fell are Jyoti structures (3.13%), BEML (2.30%), Thermax ltd (2.41%), Suzlon energy (2.15%), SKF (1.11%).

BSE FMCG closed higher by 42.25 points at 2,231.77. Pushed up by Tata Tea (4.31%), ITC (4.12%), Britannia (1.79%), Godrej con (1.89%) and HUL (0.76%).

BSE Realty index closed lower by 139.78 points at 12,400.54. Pulled down by Penland (4.75%), Parsvnath (4.24%), Phoenix mill (3.60%), Anant raj (3.08%), Omaxe (2.69%) and Unitech (1.72%).

BSE Oil & Gas index dropped by 284.78 points to close at 12,867.24 as Essar oil (4.59%), GAIL (3.91%), BPCL (2.56%), RNRL (2.48%), RPL (2.31%) and ONGC (2.23%) closed lower.

BSE Bankex index fell 216.72 points to close at 11,495.40. Scrips that dropped are ICICI bank (3.70%), Andhra bank (2.64%), SBI (1.89%), Yes bank (1.22%), Oriental bank (1.51%).