Post Session Market

The market closed the session on a strong note as both the benchmark indices touched new heights to close with handsome gains. The BSE Sensex closed higher by 788.85 points at 18,280.24 and Nifty closed firm at 5,327.25 up by 242.15 points. The Sensex covers the journey of 17,000 to 18,000 mark in just 8 straight trading session. It touched an intraday high of 18,327.42 during the trading session. All the sectoral indices closed in green. Most buying is seen across oil and gas, metal, capital goods and reality, power and telecom stocks. The rally was on the back of easing down of political concerns. Though the market opened on a weak note but manages to make a huge turnaround as buying intensified across all the sectoral indices. Overall, the market breadth was strong as 1,784 stocks closed in green while 933 stocks closed in red. The BSE Mid Cap and Small Cap closed higher by 187.10 points and 175.76 points at 7,398.70 and 8,976.76 respectively.
The oil and gas index surged by 637.52 points to close at 10,435.17 as the central government is discussing the matter to issue more oil bonds for the oil companies to compensate for the rise in global crude oil prices and the government is no mood to hike the oil prices. Leading this rally are Reliance industries 7.59%, RPL 6.72%, GAIL 5.69%, ONGC 4.85%, BPCL 3.69% and HPCL 2.39% closed in green.
BSE Metal index grew by 491.32 points at 14,080.93. Adding to the rally are SAIL 6.70%, Tata steel 5.78%, JSW steel 5.69%, Nalco 3.57%, Sterlite 2.27% and Hindalco 1.52% closed higher.
The IT index closed up by 119.87 points at 4,890.18. Pushing it up are Wipro 4.18%, Mphasis 3.66%, HCL tech 3.39%, Satyam 3.29%, Infosys 2.38% and TCS 1.66%.
The capital goods index increased by 488.81 points to close at 15,934.44 as L&T (4.73%), Siemens (2.32%), BHEL (2.10%) and ABB (2.09%) closed higher.
BSE bankex index grew 288.85 points to close at 9,273.41. Pushing it up are Kotak Bank (6.69%), SBI (6.01%), BOI (5.79%), Yes Bank (4.32%), ICICI Bank (2.89%)