Market Pulse - 4 Dec, 2013

Market Pulse - 4 Dec, 2013

Markets opened weak and traded in a range bound for almost two session but was draged down in the last session as investors opted to book profits ahead of the assembly election results due on Sunday. The S&P BSE Sensex dropped by 146.21 points or 0.70% at 20,708.71. The CNX Nifty closed down by 40.90 points or 0.66% at 6,160.95. It touched a high of 6,209.15 and a low of 6,149.90 in the intraday.

Among the sectoral indices Realty index was the top loser declining by 2.67%, followed by FMCG, and Auto index declining by 1.36% and 1.05%. Capital Goods, Oil & Gas, Bankex, Healthcare and PSU were other sectoral indices on losing side, whereas Power and Metal index gained by 0.31% and 0.26% while IT and Consumer Durables gaining tad by 0.09% and 0.06%. In the broader markets Mid-cap index closed down by 0.66% and Small-cap index ended almost flat negative by 0.06%

Among the index gainers Tata Power surged by 2.44%, Wipro, Tata Steel and Jindal Steel gaining between 2-1%, Infosys, Bharti Airtel, BHEL, Coal India, SBI, Sesa Sterlite and HDFC Bank were other index gainers.

Among the index losers Hindalco Inds slipped by 2.50%, ICICI Bank, ITC, ONGC, Tata Motors, L&T, Hindustan Unilever, Maruti Suzuki, HDFC, Bajaj Auto and Gail (India) declining between 2-1%. TCS, Hero MotoCOrp, Mahindra & Mahindra, Reliance Industries, Dr Reddys Lab were some ot the other index losers.

The overall market breadth was negative with 1,339 shares declining as compared to 1,138 shares advancing while 182 shares remained unchanged.

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