July 23, 2013

Market Pulse - 23 Jul, 2013

Market Update
Markets gained for the fifth straight session on Tuesday, amid firm global cues, with FMCG majors ITC and Hindustan Unilever leading the gains. For the day, the Sensex gained 0.8% or 166 points to close at 20,325 and the Nifty gained nearly 0.8% or 46 points to end today's session at 6,078.

All the sectoral indices closed in the green with Consumer Durables index leading gains, up nearly 4%. The other gainers were FMCG, Realty, Bankex, PSU, Metal, Oil & Gas and Power indices gaining 0.5-1.5%. The broader markets had a flat session with the smallcap index closing with a negative bias at 5,682 and the midcap index edged higher by 0.1% to end at 5,999.

The top gainers for the day among the Sensex-30 were Hindustan Unilever, BHEL,Mahindra & Mahindra, SBI, Sterlite, ITC and Dr Reddys Lab gaining 2-3%. ICICI Bank, ONGC, Tata Power,Infosys and Hindalco up 0.8-1.55 were the other notable gainers.

Among the ones in the red were Wipro and Bharti Airtel losing 2% each followed by Coal India, Cipla, Jindal Steel, Bajaj Auto,Hero MotoCorp,Sun Pharma and HDFC down 0.2-0.6%.

The market breadth was neutral with 1,149 advances as compared to the 1,151 declines on the BSE.

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