08 October, 2013

Market Pulse - 8 Oct, 2013

Market Pulse - 8 Oct, 2013Markets opened firm positive in the morning but closed marginally higher amid a volatile trading session led by the gains in the rate-sensitive shares gains after RBI (Reserve Bank of India) announced the liquidity measures to boost lending. The S&P BSE Sensex ended up by 57.88 points or 0.29% at 19,952.98. It touched a high of 20,150.27 and a low of 19,936.72. The CNX Nifty closed up by 11.80 points or 0.20% at 5,917.95. It touched a high of 5,981.70 and a low of 5,913 in the intra-day session today.

Among the sectoral indices, Realty and Capital Goods index surged up by 1.57% and 1.35%, FMCG and Power index also gained by 0.78% and 0.76%. Bankex, Consumer Durables, Healthcare and Auto were also other prominent gainers while Metal index fell by 0.80%, IT index declined by 0.25% and PUS too was marginally down by 0.06%. In the broader markets Mid-cap index gained marginally by 0.19% while Small-cap index rose by 0.53%.

Among the index gainers, Tata Power, Bharti Airtel, L&T, ICICI Bank and ITC surged between 3-2%, Sun Pharmaceuticals, Jindal Steel, NTPC and ONGC rose between 2-1%. Other gainers include Tata Motors, Infosys, Dr Reddys Lab and Wipro.

Among the index losers, Hindalco Inds, SBI, Tata STeel, Coal India, Sesa Sterlite and Cipla dropped between 2-1%, BHEL and TCS declined by 0.99% each. HDFC, Hero MotoCorp, Gail (India), Bajaj Auto, Hindustan Unilever, Mahindra & Mahindra, Maruti Suzuki and HDFC Bank were other prominent losers.

The overall market breadth ended positive with 1,276 shares advancing as compared to 1,141 shares declining.

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