Post Market Commentary

The market closed on a negative note after facing a lot of volatility and keeps on moving in the positive and negative region through out the trading session. Though the market lost the momentum after the opening on the back of heavy selling across the counters but buying at the lower levels led the market to recover but unable to hold its gains at higher levels and closed lower. Most selling is seen from the Metals, Capital Goods and banking baskets. Both the BSE Mid cap and Small cap closed with a marginal loss of 11.74 points and 21.90 points at 9,093.84 and 11,818.12 respectively. The BSE Sensex closed lower by 181.71 points at 19,079.64 and NSE Nifty slipped by 34.7 points to close at 5,742.30. Overall, the market breadth was week as 1,672 stocks are closed in red while 1225 stocks are closed in green.

BSE Health Care index grew by 63.12 points to close at 4,261.32. Scrips that gained are Nicholas Piramal (7.29%), Sun Pharma (4.03%), Cipla (3.78%), Glenmark (1.54%) and Ranbaxy (1.05%).

BSE Metal index closed lower by 246.87 points at 18,077.63. Scrips that fell are Jindal Steel (6.11%), Sesa Goa (3.53%), Maharash Sea (2.35%), Bhushan steel (2.22%), Sterlite Inds (1.76%)

BSE Capital Goods fell by 226.43 points to close at 18,902.71. Pushed down by BEML (2.87%), L&T (2.80%), Kalpataru (2.50%), BHEL (1.24%), Lakshmi Machines (1.71%) .

BSE Realty index closed down by 44.78 points at 11,654.58 as Ansal Infra (3.05%), Akruti City (2.34%), Unitech (2.11%), Mahindralife (1.53%) closed lower.

BSE Oil & Gas index declined marginally by 5.04 points to close at 12,309.68. Scrips that fell are Reliance (1.75%) and ONGC (1.41%) while Essar Oil (9.90%), BPCL (5.29%), Indian Oil (4%) .

BSE Bankex index dropped by 155 points to close at 10,764.22. Pulled it down are Canara Bank (3.56%), AXIX Bank (2.65%), ICICI Bank (2.27%), PNB (1.74%) and Kotak Bank (1.54%).