August 20, 2013

Market Pulse - 20 Aug, 2013

Market Pulse 20 Aug 2013Markets closed in the negative zone for the fourth straight consecutive session, amid outflow of dollars continues on macro economic concerns. Market sentiment was further battered on weakening Asia markets and lower opening of European markets on speculation of US Fedral Reserve's stimulus programme will start soon enough. The &SP BSE Sensex slumped to 17,970.98 declining by nearly 337 points before settling at 18,246.04 down by 61.48 points or 0.34%. The CNX Nifty declining towards its lowest close in almost a year, ended the down by 13.30 points or 0.25% at 5,401.45 after slipping to 5,306.35.

Among sectoral indices, Consumer Durables slipped by 3.50%, Auto, Healthcare, IT and Capital Goods too followed the falling trend, while Metal, Realty and Bankex indices ended up between 0.40%-4.80%. The broader markets closed marginally negative with Mid-cap falling by 0.40% and Small-cap down by 0.20%.

Among index gainers were, ICICI Bank and SBI ended up by over 1.5% each. Other gainers include, Hindustan Unilever, Tata Steel, Reliance Ind and ITC.

Among index loseres were, Tata Motors, M&M, Hero MotoCorp, Bajaj Auto ended lower between 0.5-4.7% each, TCS also closed 2.40% lower. HDFC, Sun Pharmacuticals, ONGC, L&T and BHEL were among the other losers.

The Rupee gained against the dollar, after RBI (Reserve Bank of India) intervened in between, after slipping to life-time low of 64.13 in the early intra-day trades. The partially convertible Rupee closed at 63.23 down by 10 paise, against its previous close of 63.13 per dollar.

Siemens gained up by 2%, after the company reported that it have won two contracts aggregating Rs 144 crore to construct 38 new 33/11kV substations from Rural Electrification Board, Bangladesh.

The overall market breadth ended marginally positive with 1,173 shares gained as compared to 1,101 shares declined.

Share This

Popular Posts

Featured Post

Sukanya Samriddhi Scheme

Sukanya Samriddhi Scheme launched by Prime Minister Narendra Modi on 22nd Januray 2015 for girl child. Under the Sukanya Samridhi Sch...

Google+ Followers