Market Pulse - 5 Dec, 2013

Market Pulse - 5 Dec, 2013

Markets after opening gap up scaled higher but were off from its peak as the day progressed on profit booking by the investor inthe index heavy-weight at higher levels, though it closed higher. Markets sentiment was high as the exit poll conducted an the assembly elections indicated BJP sweeping 3 out of 5 states, whose poll result are to de declared on 8 December 2013. The S&P BSE Sensex surged by 249.10 points or 1.20% to 20,957.81. It touched a high of 21,165.60 and a low of 20,929.20. The CNX Nifty also surged by 80.15 points or 1.30% to 6,241.10. It touched a high of 6,300.55 and a low of 6,232 in the intraday.

Among the sectoral indices Bankex index spurted by 4.44% followed by Capital Goods index by 3.59%. PSU Realty, Power, Oil & Gas and Metal indices also advanced between 2-1% each. Consumer Durables and Auto index were other sectoral indices on the gaining side, while Healthcare index dropped by 1.47% followed by FMCG and IT index declining by 0.94% and 0.51%. However, the broader markets were outperformed by the benchmark index as Mid-cap index managed to close marginally up by 0.13% and Small-cap index advancing by 0.39% respectively.

Among the index gainers ICICI Bank was the top gainer spurting by 6.66%, followed by HDFC Bank and L&T surging by 4.52% and 4.49%. BHEL, Maruti Suzuki, Coal India, SBI, HDFC, Tata Power, Tata Steel, Reliance Industries, Jindal Steel, Gail (India) and ONGC also gained between 4-1%.Bharti Airtel, Hindalco Inds, Hero MotoCOrp were some of the other index gainers.

Among the index losers Sun Pharma fell by 2.24%, Dr Reddys Lab and ITC declined by 1.52% and 1.39%, NTPC, Hindustan Unilever, Tata Motors, Cipla, TCS, Sesa Sterlite and Infosys were other losers.

However, market breadth ended marginally positive with 1,269 shares advancing as compared to 1,247 shares declining while 167 shares remained unchanged.

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