Market Pulse - 12 Dec, 2013
Markets ended today lower closing weak for straight third consecutive day. After opening weak in the morning and it traded subdued through-out the day as it settled towards days low, ahead of the key economic data that is slated for release post market hours. The S&P BSE Sensex declined by 1.16% or 245.80 points at 20,925.61. The CNX Nifty slipped by 1.12% or 70.85 points at 6,237.05.Among the sectoral indices except for FMCG index which closed up by 0.56% all the other sectoral indices closed down. Capital Goods and Auto indices dropped by 1.39% and 1.05%, Oil & Gas index fell by 0.86% and Metal index declined by 0.63%. Bankex, Realty, Power. Consumer Durables, IT and Healthcare were other sectoral indices closing weak. From the broader markets Mid-cap index declined marginally by 0.10%, while Small-Cap index gained marginally by 0.08%.
Among the index gainers Tata Power surged by 3.84%, HDFC gaining by 1.15% while Gail (India) and NTPC closing up by 0.42% and 0.36% as there was weakness seen in the market.
Among the index losers Tata Motors dropped by 4.55%, followed by ONGC, Coal India, ICICI Bank and Bajaj Auto slipping between 3-2%. Hero MotoCorp, Hindalco Inds, Jindal Steel, Cipla, Dr Reddys Lab, Tata Steel, Wipro, Sun Pharma, TCS, Bharti AIrtel, L&T, ITC, Reliance Industries and SBI also declined between 2-1%. Some of the other index losers include BHEL, HDFC Bank and Infosys.
The overall market breadth ended firm negative with 1,427 shares declining as compared to 1,041 shares advancing while 174 shares remained unchanged.
Tags - Market Pulse, Stock Market Pulse
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