Market Pulse - 14 Jan, 2014 - Stock Market Pulse

Market Pulse – 14 Jan, 2014

Markets after opening flat in the morning ended the day weak towards day’s low. Weakness in the IT sector shares was seen after recent gains on profit bookings by the investors. Weak global cues also weighed on the investors sentiment. The S&P BSE Sensex closed down by 0.48% or 101.33 points at 21,032.88. It’s today’s high was 21,154.76 and low was 21,009.05. The CNX Nifty ended weak down by 30.90 points or 0.49% at 6,241.85. It moved in the range of 6,280.35 to 6,234.15 in the intraday session today.

Sectoral indices today closed weak in line with benchmark index. Metal and Realty index slipped by 1.41%-1.40% each, followed by Bankex and Capital index losing by 0.66%-0.63%. Power, Consumer Durables, Auto, IT and FMCG were the other indices closing weak. However, Healthcare index closed up by 0.66%, while Oil & Gas index ended tad up by 0.08%. Even the broader markets showed the weakness. Mid-cap index ended down by 0.32% and Small-cap index also closed weak by 0.20% respectively.

Among the index gainers, Cipla surged by 2.09%, Dr Reddys Lab rose by 1.21%, Infosys and HDFC also advanced by 0.63 and 0.61%. Reliance Industries, Sun Pharma, Mahindra & Mahindra and Gail (India) were other gainers on the list.

In the index losers list, Tata Steel dropped by 2.91%, Sesa Sterlite, TCS, ICICI Bank, Wipro, Hindustan Unilever, Bajaj Auto, Tata Motors and NTPC also slipped between 2-1% each. SBI, BHEL, L&T, Bharti Airtel and Coal India were some of the other index losers.

Market breadth ended firm negative. Out of 2,825 shares traded 1,485 shares declined, 1,211 shares advanced and 129 shares remained unchanged.

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Market Pulse - 14 Jan, 2014
http://www.stockmarketpulse.net/2014/01/14/market-pulse-14-jan-2014/