Market Pulse - 05 Nov, 2013

Market Pulse - 05 Nov, 2013

Markets today closed weak, breaking its five day gaining streak, as investors opted to book profit after recent gains, led by IT, FMCG and Pharma sector shares. The S&P BSE Sensex closed down by 264.57 points or 1.25% at 200974.79. The CNX Nifty also declined by 64.20 points or 1.02% at 6,253.15.

Among the sectoral indices, FMCG index dropped by 2.53%, Healthcare, IT and Consumer Durables indices declined between 2-1%, Bankex and Capital Goods also fell by 0.92% and 0.76%. Oil & Gas, Auto and Metal were sectoral indices declined whereas Realty and PSU sector managed to close margially positive up by 0.27% and 0.15% each, while Power index closed flat. However both the broader indices Mid-cap and Small-cap outperformed the benchmark index by closing up by 0.89% and 0.54% respectively.

Among the index gainers, Hindalco Inds, Coal India and Tata Motors gained between 2-1%. Cipla, HDFC, NTPC, Tata Power and Reliance Industries were other index gainers.

Among the index losers, ITC and ICICI Bank declined by 3.52% and 3.07%, Sun Pharma, Dr Reddys Lab, TCS and Sesa Sterlite dropped between 3-2%, ONGC, Hindustan Unilever, BHEL, Bharti Airtel, Maruti Suzuli, Mahindra & Mahindra, Jindal Steel, Gail (India), Wipro and L&T felling between 2-1% each. Herp MotoCOrp, Bajaj Auto, SBI and HDFC Bank were other index losers.

The overall market breadth was positive with 1,265 shares advancing as compared to 1,121 shares declining, while 135 shares remained unchanged.

Tags - Market Pulse - 05 Nov 2013, Market Pulse