Market Pulse - 11 Nov, 2013
Markets ended weak straight for fifth day in a volatile trading session on concerns of US Federal would start pruning its monetary stimulus measures earlier-than expected, after better-than-expected US job data and also weakening rupee led the hand in the decline. The S&P BSE Sensex slipped down by 175.19 points or 0.85% at 20,490.96. It touched a high of 20,672.53 and a low of 20,453.15. The CNX Nifty declined by 61.95 points or 1.01% at 6,078.80. It touched a high of 6,141.65 and a low of 6,067.75 in the intra-day.
In the sectoral indices, apart from Healthcare and IT indices which managed to close marginally positive up by 0.40% and 0.16% all the sectoral indices closed weak. Realty and Capital Goods indices slipping down by 2.81% and 2.43%, followed by PSU, Power, Bankex, Oil & Gas, Auto, FMCG, Metal and Consumer Durables all declining between 2-1%. Even the broader markets ended weak with Mid-cap slipping by 0.80% followed by Small-cap down by 0.61%.
Among the index gainers, Dr Reddys Lab gained by 2.91%, Tata Steel advanced by 2.97% and Maruti Suzuki gaining by 0.49%. TCS, Infosys and HDFC Bank were other index gainers.
Among the index losers, Hindalco Inds slipped by 4.29%, L&T declined by 3.08%, ONGC, SBI, Tata Motors, Hero MotoCorp, Bajaj Auto, Jindal Steel, NTPC, Hindustan Unilever, Reliance Industries, ICICI Bank, Gail (India), Bharti Airtel, BHEL and Tata Power also fell between 3-1% each. Mahindra & Mahindra, ITC, Coal India, HDFC, Cipla and Wipro were some of the index losers.
Overall market breadth ended firm negative with 1,346 shares declining and 1,045 shares advancing, while 149 shares remained unchanged.
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