Market Pulse - 15 Jan, 2014
Markets after opening firm in the morning closed near the day’s high. Surge in the market was led by the rate sensitive shares after December WPI (Wholesale Price Index) eased to 6.16%. Easing WPI raised the hopes of RBI (Reserve Bank of India) will maintain status quo on policy rates. The S&P BSE Sensex climbed up by 256.61 points or 1.22% to 21,289.49. The CNX Nifty also rose to 6,320.90 by gaining 79.05 points or 1.27% today.
In the sectoral indices, barring Consumer Durables index which closed down by 0.75% and Healthcare index closing almost flat with negative bias all the other indices closed in positive zone. Bankex, Capital Goods, Realty, Metal and Auto indices surged between 2-1%, Power and IT index gained by 0.76-0.70%. Oil & Gas and FMCG also closed advancing by 0.65-0.59% respectively. However, broader markets gained marginally as compared to benchmark index. Mid-cap index closed gaining marginally by 0.18% and Small-cap index advanced by 0.30%.
There was not a single shares closing on losing side today. Among the index gainers, L&T, Sesa Sterlite, BHEL and ICICI Bank surged between 3-2%, Coal India, Hero MotoCorp, Cipla, Mahindra & Mahindra, Maruti Suzuki, Tata Motors, ITC, Hindalco Inds, HDFC Bank, Hindustan Unilever, Bajaj Auto, TCS, Gail (India), Wipro and SBI also gaining between 2-1% each. Bharti Airtel, NTPC, Infosys, Reliance Industries and ONGC were some of the other index gainers.
Market breadth was positive, of 2,838 shares traded 1,374 shares advanced, 1,296 shares declined while 168 shares remained unchanged.
Tags – Market Pulse, Stock Market Pulse
Market Pulse - 15 Jan, 2014
http://www.stockmarketpulse.net/2014/01/15/market-pulse-15-jan-2014/
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