August 14, 2013

Market Pulse - 14 Aug, 2013

Market Pulse 14 Aug 2013Markets closed higher on a positive note led by Oil & Gas and Auto sectors, gaining straight for fourth day in a row. The S&P BSE Sensex rose up by 137.75 points or 0.72% to 19,367.59. The CNX Nifty rose up by 43 points or 0.75% to 5,742.30.

Among sectoral indices, Auto index ended up by 3.10%, Metal Index gained by 3%, Oil & Gas, Consumer Durables, Realty, PSU and Bankex were also on the list of gainers, whereas Capital Goods, IT and FMCG indices slipped down between 0.30-1% respectively.Meanwhile, from the broader markets Mid-cap gained up by .65% while Small-cap ended marginally higher up by 0.20%.

Among index gainers were, Tata Motors spurted up by 9.67%, Hindalco Industries up by 7%, Reliance Industries, ONGC, Tata Steel, Gail (India), Bajaj Auto, Sterlite Industries, ICICI Bank, Tata Consultancy Services and Tata power also ended higher by 1-4.5% each.

Among index losers were, BHEL slipped by 2.30%. L&T, Wipro, Hindustan Unilever, Infosys, HDFC, Bharti Airtel, Dr Reddy's Labs, Jindal Steel and Cipla were some of the losers on the brouse.

Wholesale Price Index inflation rose to 5.79% for the month of July, raising uncertainty over policy action by the RBI (Reserve Bank of India) to support growth. May Wholesale Price Index was revise from 4.70% to 4.58%.

Tata Motors shares zoomed up by 9.67%, after company reported 21% jump in the sales of Jaguar Land Rover globally for the month of July.

The overall market breadth ended positive with 1,274 shares advanced while 1,061 shares declined.

For latest updates on commodity market visit Commodity Pulse.

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