Post Session Market Commentary

The market closed with handsome gains on the back of heavy buying pressures across the counters. The investors showed their eagerness in buying to book their positions. Since from the initial bell the market keeps on trading on the front foot through out the trading session. The market also got a further direction on the back of reports that government has allowed all trusts to invest in securities including shares and bonds of listed companies. The Metal, Capital Goods and Oil & Gas indices scrips remained in the limelight as most buying is seen from these baskets. Both the BSE Mid cap and Small Cap closed higher by 189.15 points and 361.92 points at 9,400.86 and 12,342.49 respectively. The BSE Sensex closed with heavy gains of 338.40 points at 20,192.52 and NSE Nifty closed higher by 85.65 points at 6,070.75. Overall, the market breadth was strong as 2,283 stocks are closed in green while 639 stocks are closed in red.

BSE Metal index surged 470.55 points to close at 19,291.34. Scrips that grew are Bhushan Steel 10.30%, Sh Precoated 6.57%, Hindalco 4.18%, Jindal Steel 3.56%, Tata Steel 3.51%.

BSE Oil & Gas index grew by 437.67 points to close at 13,115.99. Pushed up by Essar Oil 7.93%, HPCL 6.78%, IOCL 6.55%, BPCL 5.46%, Reliance industries 3.90% and RPL 3.39%.

BSE Capital goods index inclined by 430.43 points to close at 19,654.31. Jumped by Crompton Greaves 6.09%, BEML 3.79%, Punj Lloyd 3.78%, BHEL 2.63%, L&T 2.57% and ABB 2.39%.

BSE Realty index closed up by 291.47 points at 12,109.99 as Ansal Infra 9.42%, Parsvnath 7.87%, DLF 4.35%, Sobha Dev 2.72%, Mahindra Life 2.45% and Indbul Real 2.28% closed in green.

BSE Bankex index advanced by 188.34 points to close at 11,290.08. Scrips that grew are Kotak bank 4.74%, IOB 3.41%, Andhra bank 3.15%, Andhra bank 3.15%, BOI 3.05% and SBI 2.97%.

BSE IT index closed with marginal gains of 10.26 points at 4,591.87. Scrips that gained are Karut Net 10%, Aptech 4.41%, I-Flex 3.54%, Rolta India 2.97%, Finance tech 1.51% and Satyam 1.04%.