Post Market Commentary

The market closed higher after facing a lot of volatility throughout the trading session. The cues from the global markets are not in favor that led the domestic market to struggle a lot to close with marginal gains. The market opened on a firm note but pared most of its gains at the end of the session. The IT and Metal stocks remained in the limelight as most buying is seen from these baskets. Both the BSE Mid cap and Small Cap closed lower by 54.85 points and 102.04 points at 9,025.54 and 11,813.32 respectively. The BSE Sensex closed up by 70.61 points at 19,162.57 and NSE Nifty closed higher by 15.35 points at 5,766.50. The BSE Sensex touched its intraday high of 19,291.14 and low of 19,097.70 during the trading session. Overall, the market breadth was week as 1,754 stocks are closed in red while 1166 stocks are closed in green.

BSE Metal index closed higher by 70.90 points at 18,273. Scrips that gained are SH. Precoated (7.16%), SAIL (2.30%), Jindal steel (1.33%), JSW steel (1.16%), Hindalco (0.40%).

BSE Realty index closed up by 10.82 points at 11,614.08. Scrips that grew are Phoenix mill (4.78%), Mahindra Life (2.02%), Omaxe (1.92%), HDIL (1.33%) and DLF (1.09%).

BSE Capital goods index declined by 172.48 points to close at 18,725.69. Scrips that fell are AIA Engineer (3.28%), ABB (2.94%), Praj inds (2.38%) and BHEL (1.31%).

BSE Oil & Gas index fell by 34.76 points to close at 12,246.0 as Essar Oil (5.96%), RNRL (2.02%), Aban Offshore (1.39%), RPL (1.31%) and IOCL (0.56%) closed lower.

BSE Bankex index dropped by 25.37 points to close at 10,738.59 as CentBOP (4.34%), IOB (2.84%), BOB (1.72%), Andhra bank (1.17%) and Axis bank (1.07%) closed in negative.

BSE Health Care index dropped by 4.63 points to close at 4,242.53 as Glaxosmithkline (5.32%), Dishman pharma (3.78%), Fortis health (2.85%), Cadila health (2.36%) and Pfizer (1.43%).