The domestic market closed with heavy gains after breaking its past four straight day losing trend due to the strong buying support across the board. The Indian market opened significantly higher on the back of positive cues from the global markets and drop in crude oil prices. Oil prices fell $4.14 to $134.60 per barrel. Market gathered the momentum and gained further ground to conclude the day in green. Firm cues from the European markets also boosted up the market sentiment. The BSE Sensex ended above 13,100 level with gain of more than 4% and NSE Nifty closed above 3,900 with increase of more than 3%. From the sectoral front, the Bank index closed with a gain of more than 6% after completely beaten down for the last two days. While the Metal index on the other hand remained out of favor to close with a loss of 2%. However, Capital Goods, Bank, Capital Goods, Oil & Gas and Reality stocks were major contributor of buying pressure. The market breadth was positive as 1536 stocks closed in green while 1081 stocks closed in red and 74 stocks remained unchanged.

The BSE Sensex closed higher by 536.05 points at 13,111.85 and NSE Nifty ended up by 130.50 points at 3,947.20. The BSE Mid Caps and Small Cap closed with gains of 67.06 points and 62.67 points 5,155.34 and 6,387.12 respectively. The BSE Sensex touched intraday high of 13,150.35 and intraday low of 12,843.79.

Due to the concern for the leakage of sensitive data on price rise, the government has decided to release the inflation figures on today (July 17th) against the current practice of announcing it on Fridays. Henceforth, the wholesale price-based inflation data would be released at 5 pm on every Thursday.

Gainers from the BSE are HDFC (9.78%), Maruti Suzuki (9.46%), JP Associates (9.19%), DLF Ltd (8.44%), SBI (7.75%), L&T Ltd (7.49%), TCS Ltd (7.13%), ICICI Bank Ltd (6.08%), HDFC Bank Ltd (6.03%) and Reliance Infra (5.38%).

Lossers from the BSE are Ranbaxy Lab (3.93%) and Tata Steel (2.92%).

The BSE Capital Goods index gained 601.48 points to close at 10,762.01. Major gainers are Siemens Ltd (8.89%), Punj Lloyd (7.64%), Crompton Greaves (7.58%), L&T Ltd (7.49%), Areva (6.08%) and BHEL (5.17%).

The BSE Banking index closed higher by 327.36 points at 5,727.60. Major gainers are Axis Bank (8.73%), Union Bank (7.94%), SBI (7.75%), Bank of India (7.31%), ICICI Bank Ltd (6.08%), HDFC Bank Ltd (6.03%), and Kotak Bank (5.00%).

The Oil & Gas index ended up by 263.69 points at 8,852.08. As BPCL (8.77%), GAIL India (7.37%), IOC (6.07%), HPCL (5.59%), ONGC (4.32%) and Reliance Nat Res (4.13%) closed in positive territory.

The BSE Reality index ended up by 208.90 points at 4,428.02. As DLF Ltd (8.44%), Ansal Infra (5.40%), Parsvnath (4.64%), Housing Development (4.20%), Unitech Ltd (3.97%), Indiabull Real (2.74%), and Mahindra Life (2.58%) closed in positive territory.

The Auto Index closed higher by 141.29 points at 3,535.78. Gainers are Maruti Suzuki (9.46%) along with Exide Industries (7.29%), Bharat Forge (6.43%), Mahindra & Mahindra Ltd (4.11%), Tata Motors (4.08%) and Hero Honda Motors (3.15%).

The Metal index closed down by 238.62 points at 11,697.30. Lossers are Steel Authority (5.78%), Sterlite In (5.64%), Nalco (4.74%), Sh Precoated (3.09%), Jindal Steel (2.99%) and Tata Steel (2.92%).

Tags: sensex, sensex update