December 2, 2013

Market Pulse - 2 Dec, 2013

Market Pulse - 2 Dec, 2013

Market Pulse - 2 Dec, 2013Markets closed higher after opening firm in the morning, as better than expected second quarter GDP numbers which were released late Friday evening boosted the market sentiment. The S&P BSE Sensex surged by 106.08 points or 0.51% to 20,898.01 it touched a high of 20,941.00 and a low of 20,770.51. The CNX Nifty also gained up by 41.75 points or 0.68% to 6,217.85 it touched a high of 6,217.85 and a low of 6,171.15 in the intraday.

In sectoral indices barring Oil & Gas index which closed marginally weak by 0.38% all the other sectoral indices closed positive. Healthcare index surged by 2%, Capital Goods, Bankex and Metal indices also gained between 2-1% each. Realty, Auto, IT, Power, FMCG, Consumer Durables and PSU were other gainers. In the broader markets Mid-cap index gained by 0.81% while Small-cap index surged by 1.09% respectively.

Among the index gainers Sun Pharma and Jindal Steel was the top gainers surging by 4.09% and 4.01% followed by Wipro, L&T, and BHEL rising between 3-2% each. ICICI Bank, Tata Steel, Bharti Airtel and Mahindra &anp; Mahindra also gained between 2-1%. Coal India, Hero MotoCorp, Tata Power, TCS and Reliance were some of the other gainers.

Among the index losers were, Hindustan Unilever, ONGC and Gail (India) slipping down between 2-1%, followed by Maruti Suzuki down by 0.96%, Hindalco Inds and Bajaj Auto felling by 0.69% and 0.50%. Infosys, NTPC and HDFC Bank were other losers for the day.

The overall market breadth ended firm positive with 1,464 shares advancing and 1,007 shares declining while 164 shares remained unchanged.

Tags - Market Pulse, Stock Market Pulse

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