Market Pulse - 13 Jan, 2014
Markets closed near the day's high. Rally was led by IT giant Infosys after it reported better than expected earnings. And also hoped of RBI (Reserve Bank of India) to maintain status quo on policy rates coupled with positive global outlook as dollar slipped boosted the market sentiment. The S&P BSE Sensex surged by 375.72 points to 21,134.21. It touched a high of 21,169.08 in the intraday. The CNX Nifty also closed up by 101.30 points or 1.64% at 6,272.75. It had touched a high of 6,288.20 and a low of 6,189.55 intraday.
Among the sectoral indices, Healthcare was the only index to close weak. Healthcare index ended down by 0.68%. All the other indices closing with gains, IT, Bankex and Oil & Gas surging between 3-2%, Capital Goods also gaining by 1.55%. Realty and Auto index both advanced by 0.68% each. Other sectoral index gainers include Power, Metal, FMCG and Consumer Durables. However, broader markets remained subdued as compared to benchmark index. Mid-cap and Small-cap index both closed marginally up by 0.15% and 0.37% respectively.
Among the index gainers, TCS, Infosys and ICICI Bank spurted between 4-3%, ONGC, Reliance Industries, L&T, HDFC, Tata Motors and SBI also surged between 3-2% each. Mahindra & Mahindra, Axis Bank, HDFC Bank, Wipro and NTPC also gained between 2-1%. BHEL, Cipla, ITC and Coal India were some of the other index gainers.
Among the index losers, Tata Power and Sun Pharma slipped by 1.99% and 1.19%, Hindustan Unilever and Maruti Suzuki also declined by 0.71% and 0.66%. Hindalco Inds, Bajaj Auto, Sesa Sterlite and Dr Reddys Lab were other index losers.
However, market breadth ended tad negative. Out of 2,876 shares 1,391 shares declined 1,338 shares advanced. While 147 shares remained unchanged.
Tags - Market Pulse, Stock Market Pulse
Market Pulse - 13 Jan, 2014
http://www.stockmarketpulse.net/2014/01/13/market-pulse-13-jan-2014/
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