10 December, 2013

Market Pulse - 10 Dec, 2013

Market Pulse - 10 Dec, 2013

Market Pulse - 10 Dec, 2013Markets opened weak in the morning and traded range bound almost through out the day and settled lower after consolidating in the late trades, as investors opted to book profits after the recent rally. The S&P BSE Sensex fell by 71.16 points or 0.33% at 21,255.26, it touched a high of 21,327.75 and a low of 21,175.08. The CNX Nifty slipped by 31.05 points or 0.49% at 6,332.85, it touched a high of 6,362.25 and a low of 6,307.55 in the intraday today.

Among the sectoral indices Power index crashed by 4.12%, Capital Goolds slipped by 2.98%, Bankex and Realty index declined by 1.78% and 1.48%. Oil & Gas, Consumer Durables and Auto were other sectoral indices on the declining side, while IT indes gained by 2.07%, Metal and FMCG index advancing by0.92% and 0.87% whereas healthcare index advanced by 0.40%. In the broader markets Mid-cap index fell by 0.26% and Small-Cap index declined by 0.72% respectively.

Among the index gainers TCS and Hero MotoCorp surged by 3.95% and 3.83% followed by Sesa Sterlite gaining by 2.32%, Wipro and ITC also advancing by 1.84% and 1.52%. Infosys, Hindalco Inds, Hindustan Unilever, Bajaj Auto, Cipla, Tata Steel, Reliance Industries, Jindal Steel, Dr Reddys Lab and Sun Pharma were other index gainers.

Among the index losers NTPC crashed by 11.26%, L&T dropped by 4%, BHEL and ICICI Bank slipping by 3.52% and 3.49%, SBI and ONGC also felling by 2.36% and 2.26%. Coal India, Tata Power, HDFC and Mahindra & Mahindra declined between 2-1% each. Maruti Suzuki, Gail (India), Tata Motors, Bharti Airtel, and HDFC Banke were other losers on the list.

Overall market breadth was firm negative with 1,461 shares declining and 983 shares advancing while 174 shares remained unchanged.

Tags - Market Pulse, Stock Market Pulse

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