08 October, 2013

Market Pulse - 9 Oct, 2013

Market Pulse - 9 Oct, 2013Markets closed firm positive on back of buying interest in Realty and Bankex sector shares after country's trade deficit narrowed to a tow-and-half-year low in the month of September. The S&P BSE Sensex surged up by 2.65.65 points or 1.33% to 20,249.26. It touched a high of 20,277.74 and a low of 19,826.96. The CNX Nifty also rose up by 79.05 points or 1.33% to 6,007.45. It touched a high of 6,105.50 and a low of 5,877.10 in the intra-day today.

The deficit for the September month was at $6.76 billion, which is the lowest since March 2011, as compared to $10.9 billion of August.

Among the sectoral indices barring Consumer Durables index which declined by 0.36% all other indices ended positively with Realty index spurting up by 4.27%, Healthcare and Bankex surging up by 1.88% each. Capital Goods, Power, IT, Oil & Gas, also gaining between 1.9-1% each. PSU, Metal, Auto and FMCG were other notable gainers. In the broader market both the indices Mid-cap and Small-cap ended up by 0.84% and 0.54% respectively.

Among the index gainers, Sun Pharma spurted up by 5.09%, Bajaj Auto, HDFC Bank, Infosys, BHEL, Tata Steel, Tata Power, Reliance Industries, L&T, Hero MotoCorp, Jindal Steel, ONGC, HDFC, ICICI Bank and TCS also surged between 3-1%. Other notable gainers were, Tata Motors, NTPC, Bharti Airtel an dDr Reddys Lab.

Among the index losers, Wipro slipped by 1.19% and Sesa Sterlite fell by 1.05%. Mahindra & Mahindra, Cipla and Maruti Suzuki were other notable losers.

The overall market breadth was firm positive with 1,408 shares advancing as compared to 1,025 shares declining.

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