Post Market Commentary

The market after struggling a lot through out the trading session finally managed to close on an upbeat note. A lot of volatility was seen in today''s trading session. The cues from the global markets, led the domestic market to open with good gains but the investors took calculated steps in booking their positions after the last two days of strong rally by the market. However, both the Mid Caps and Small Caps indices outperformed the benchmark indices as most buying is seen from these baskets. The BSE Mid Cap and Small Cap closed higher by 28 points and 286.25 points at 9,428.86 and 12,628.74 respectively. The Metal and Consumer durables indices remained in the limelight as the investor''s showed more interest in buying from these counters. The BSE Sensex closed with marginal gains of 24.20 points at 20,216.72 and NSE Nifty closed up by 10.75 points at 6,081.50. Overall, the market breadth was strong as 2,069 stocks are closed in green while 841 stocks are closed in red.

BSE Metal index surged 175.77 points to close at 19,467.11. Scrips that grew are NALCO (9.76%), Gujarat NRE (5.59%), JSW Steel (4.01%), Tata Steel (1.52%)

BSE Oil & Gas index grew by 7.04 points to close at 13,123.03. Pushed up by IOCL (2.92%), Essar Oil (2.52%), Cairn (0.68%) and ONGC (0.37%).

BSE Capital goods index declined by 12.05 points to close at 19,642.26. Slipped by Jyoti Structure (3.28%), Havell India (2.70%), Praj Industries (2.68%), Alstrom Project (1.24%).

BSE Realty index closed lower by 29.83 points at 12,080.16 as Phoenix mill (5.96%), Penland (3.43%), Omaxe (2.67%), Sobha developers (2.07%) and DLF (0.38%) closed in red.

BSE Bankex index closed higher by 80.25 points to close at 11,370.33. Scrips that grew are Yes bank (4.96%), HDFC bank (2.77%), BOB (2.44%) and ICICI bank (1.85%).

BSE IT index fell 22.73 points to close at 4,569.14. Scrips that fell are I-Flex (2.83%), Finance Tech (2.72%), GTL Ltd (2.52%), Satyam (1.72%) and Tech Mahindra (1.65%)