Post Market Commentary

The Indian market closed on a deep red note on the back of heavy selling pressures across all the sectoral indices scrips. The market opened with handsome gains and marched to touch an all time high but was unable to retain all its gains at higher levels. The market completely takes a U turn to pare all its gains to close on a weak note. The BSE Mid cap and Small cap were the most hit as they closed lower by 329.54 points and 511.32 points at 9,440.45 and 12,858.63 respectively. The Sensex touched an intraday high of 21,206.77 and low of 20,530 during the trading session. Almost all the sectoral indices closed in negative except bankex index that closed flat. The BSE Sensex closed lower by 287.70 points at 20,582.08 and NSE Nifty fell by 115.05 points to close at 6,156.95.

BSE Metal index declined by 653.58 points to close at 18,770.14. Scrips that dropped are Jindal Stainless (5.14%), SAIL (4.78%), Hindalco Industries (4.78%), NALCO (4.03%)

BSE Realty index closed lower by 296.66 points at 13,270.05. Scrips that fell are Ansal Infrastructure (8.85%), Indiabull Real (6.70%), HDIL (3.62%), Mahindralife (3.17%).

BSE Bankex index increased marginally by 3.76 points to close at 12,044.81 as CentBOP (5.54%), IOB (4.82%), Andhra Bank (4.81%), Canara Bank (4.21%), Kotak Bank (3.82%) a.

BSE Oil & Gas index declined by 288.20 points at 13,528.94. Scrips that fell are HPCL (7.14%), Essar Oil (6.72%), RPL (5.95%), GAIL India (5.65%), BPCL (5.49%) .

BSE Capital Goods index fell by 409.28 points to close at 19,666.06. Scrips that dropped are Praj industries (6.63%), BEML (5%), L&T (2.83%), Alstom projects (3.04%).

BSE Health Care slipped by 119.73 points to close at 4,153.32 as Fortis (6.27%), Divi''s Lab (5.60%), Nicholas Piramal (5.27%), Glenmark (3.41%), Ranbaxy (3.23%) and Cipla (3.18%).

BSE IT index dropped by 108.64 points to close at 4,146.88. Scrips that slipped are Mosear Baer (5.80%), GTL (4.75%), Infosys (3.22%), Satyam (1.81%) and HCL Tech (1.28%).