August 23, 2013

Market Pulse - 23 Aug, 2013

Market Pulse 23 Aug 2013Markets closed on a positive note for the week ended, gaining for the second consecutive day on sustained value buying in select sectors like Bankex, Oil & Gas and Auto, as battered Rupee gained at the close erasing early losses. The S&P BSE Sensex rose by 206.50 points or 1.13% to close at 18,519.44. The CNX Nifty surged up by 63.30 points or 1.17% to end at 5,471.75.

Among sectoral indices, barring Realty index which closed weak by 1.33%, all the other indices gained with Capital Goods surging up by 2.04%, Bankex rose up by 1.91%, Oil & Gas, Consumer Durables and Auto indices gained up by 1.59%, 1.55% and 1.51%. IT, Power, Metal, FMCG and Healthcare were other indices which managed to close positive. In the broader markets Mid-cap and Small-cap indices rose by 0.70%-0.90% respectively.

Major index gainers were, BHEL spurted up by 8.10 %, Tata Steel surged up by 3.27%, Tata Motors jumped up by 2.85 % and Reliance Industries advancing by 1.64%. HDFC Bank, ICICI Bank, State Bank of India, HDFC Ltd., Coal India, Jindal Steel, Sterlite Industries, Maruti Suzuki, Mahindra and Mahindra and Sun Pharm were some of the gainers on the list.

Major index losers were, Bharti Airtel declining by 2%, Hindalco Industries shedding by 2%, Sterlite Industries fell by 1.70%, NTPC was down 1.60%.

Markets sentiment improved after as the Rupee rebounded from its life-time low of 65.56 to close at 63.20, as against yesterdays closing of 64.55 and gaining after six consecutive loosing streaks,

The overall market breadth was positive with 1,341 shares advancing, while 976 shares declining.

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