Market Pulse - 24 Oct 2013
Markets after opening firm positive in the morning session and hitting 3-year high declined sharply to close weak as profit booking was seen in index heavy-weight and IT sector shares. The S&P BSE Sensex ended down by 42.45 points or 0.20% at 20,725.45. It touched a high of 21,039.42 and a low of 20,656.70. The CNX Nifty also marginally declined by 14 points or 0.23% at 6,164.35. It touched a high of 6,252.45 and a low of 6,142.95 in the intra-day today.
Among the sectoral indices Capital Goods index was leading the gainers list up by 1.15% followed by indices were Auto, Consumer Durables, Bankex and FMCG. On the losing side IT index dropped by 1.77%, Power and Realty index also declining by 1.14% and 1.12% each. Other indices which closed weak were, Metal, PSU, Healthcare and Oil & Gas. The broader markets closed mix with Mid-cap index closing almost flat positive up by 0.16% while Small-cap index closing almost flat down by 0.05%.
Among the index gainers Mahindra & Mahindra surged up by 2.40%, L&T, Gail (India), HDFC Bank and Tata Motors gained between 2-1%. Bharti Airtel, ONGC, ITC and HDFC were other notable gainers.
Among the index losers Wipro dropped by 4.25%, Coal India slipped by 3.25%, TCS also fell by 2.52%. Jindal Steel, BHEL, NTPC, Reliance Industries and Hindalco Industries declined between 2-1%. Other some of the losers were Tata Steel, Tata Power, Hindustan Unilever, Bajaj Auto, Cipla, Maruti Suzuki and Infosys.
Overall market breadth was weak with 1,292 shares declining as compared to 1,197 shares advancing while 184 shares remained unchanged.
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