Market Pulse - 29 Oct, 2013

Market Pulse - 29 Oct, 2013

Markets today closed higher, after opening weak in the morning, post RBI's (Reserve Bank of India) monetary policy for the second quarter led by Bankex sector shares. RBI in its monetary policy today announced a hike of 25 basis points in Repo Rate. The S&P BSE Sensex surged up by 358.73 points or 1.74% to 20,929.01. It had touched a high of 20,952.55 and a low of 20,493.66. The CNX Nifty also surging up by 119.80 points or 1.96% to close at 6,220.90. It touched a high of 6,228.05 and a low of 6,079.20 in the intra trading session today.

All the sectoral indices today closed positively with Bankex index surging the most by 4.35% followed by indices like Realty, Auto and Metal all rising between 3-2%. PSU, Power, Consumer Durables, Healthcare, Capital Goods and Oil & Gas were some of the other sectoral indices gaining today. Broder markets ended mixed with Mid-cap index surged by 1.45%, in line with the benchmark index, while Small-cap index gained by 0.52% only.

Among the index gainers, Maruti Suzuki spurted up by 8.19%, followed by ICICI Bank and Tata Steel both surging by 6% and 4.24%. Mahindra & Mahindra, SBI and Hero MotoCorp also rose between 4-3% each. Hindalco, HDFC Bank, Sesa Sterlite, Hindustan Unilever, Tata Power, HDFC, Sun Pharma, Coal India, Dr Reddys Lab, Cipla, ONGC, L≈T, NTPC, Tata Motors and Bajaj Auto were some of the other index gainers.

BHEL was the only index looser which closed marginally down by 0.07%.

Market breadth ended positive with 1,292 shares advanced as compared to 1,094 shares declined, while 171 shares remained unchanged.

Tags - Market Pulse - 29 Oct 2013, Market Pulse