Market Pulse - 18 Nov, 2013

Market Pulse - 18 Nov, 2013

Markets after a firm positive opening closed at day's high recording its highest single day gain since October 18 as US Federal plans to stick to its stimulus measures raised the hopes of FII inflows and strong economic reforms by China also boosted the market sentiment. The S&P BSE Sensex surged by 451.32 points or 2.21% to 20,850.74. It touched a high of 20,868.76 and a low of 20,570.59. The CNX Nifty also rose by 132.85 points or 2.19% to 6,189. It touched a high of 6,196.80 and a low of 6,110.40 in the intraday.

All the sectoral indices today closed positive. Capital Goods and Bankex indices surged up by 3.19% and 3.15%, FMCG, Realty, Oil & Gas, Power, PSU, IT and Auto indices also gained between 3-1%. Metal, Consumer Durables and Healthcare were other sectoral indices gainers. Even in the broader markets, Mid-cap and Small-cap index closed positive up by 1.18% and 0.96%.

Among the index gainers HDFC Bank spurted up by 4.15% followed by L&T, ITC, Hindalco Inds, ONGC and BHEL all surging between 4-3%. Tata Steel, Reliance Industries, SBI, Hindustan Unilever, HDFC, Jindal Steel, ICICI Bank, Mahindra & Mahindra, NTPC, Bharti Airtel, Tata Motors, Wipro, Infosys, Maruti Suzuki and TCS gaining between 3-1% each. Mero MooCorp, Tata Power and Dr Reddys Lab were other prominent gainers.

Among the index losers Sesa Sterlite and Coal India dropped by 1.36% and 1.15%, Cipla and Bajaj Auto also declining by 0.43% and 0.16%.

Market breadth ended firm positive with 1,403 shares advancing as compared to 1,057 shares declining while 126 shares remained unchanged.

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