Post Market Commentary

The market made a huge turnaround from the lower levels to touch a record high in the final trading hours of the session. The market opened on a firm note but lost the momentum all of a sudden and pared all its initial gains as the profit booking across the counters prevailed. The cues from the global markets are not in favor, which led the investors to take calculated steps during the session. But buying at the lower levels led the market to recover and closed with handsome gains. Most buying is seen from the realty and bankex baskets. The BSE Sensex closed higher by 164.59 points at 20,465.30 and NSE Nifty grew by 35.05 points to close at 6,179.40. The Sensex touched an intraday high of 20,529.48 and low of 20,077.40. Both Small Caps and Mid Caps indices closed up by 123.91 points and 205.90 points at 10,058.94 and 13,908.97 respectively.

BSE Bankex index grew by 360.18 points to close at 11,870.49. Scrips that gained are Canara Bank (14.66%), Kotak Bank (8.17%), Oriental Bank (7.16%), PNB (5.32%), AXIX Bank (6.26%) and Union Bank (5.87%).

BSE Realty index surged 381.78 points to close at 13,419.67. Scrips that jumped are Anant Raj (9.13%), Unitech (5.87%), Mahindra Life (4.69%), Indbull Real (3.14%) and Akruti City (2.75%).

BSE Oil & Gas index grew by 110.24 points to close at 13,391.12 as RNRL (7.04%), HPCL (2.13%), ONGC (1.59%), Essar Oil (1.27%) and RPL (0.82%) closed in green.

BSE Metal index increased by 99.36 points to close at 20,160.85. Scrips that grew are Bhushan Steel (6.27%), Jindal Saw (4.24%), Jindal Steel (4.11%), Nalco (2.82%) and Jindal Stainless (1.12%).

BSE Power index closed with marginal gains of 10.65 points at 4,658.31 as CESC Ltd (4.07%), Reliance Energy (3.80%), GVK Power (0.33%), Suzlon Energy (0.31%) closed higher.

BSE health Care index grew by 55.86 points at 4,467.40. Scrips that gained are Matrix Labs (7.54%), Wockhardt (3.55%), Dr Reddy''s Lab (3.55%), Cipla (3.43%) and Biocon (2.89%).