Market Pulse – 16 Jan, 2014
Markets breaking its three-day continuous gaining streak closed weak today. After opening firm in the morning session markets lost its initial gains, amid choppy trading sessions. The S&P BSE Sensex closed down by 0.11% and 24.31 points at 21,265.18. It moved in the range from 21,379 to 21,199. While the CNX Nifty closed almost flat with negative bias down by 2 points or 0.03% at 6,318.90. It had moved in the range of 6,346 to 6,299 in the intraday session today.
Among the sectoral indices, the Metal index surged by 1.75% followed by the IT index gaining by 0.56%. Capital Goods, Realty and Power were the other indices also ending with positive gains, whereas Auto and FMCG index fell by 0.84-0.8%, Healthcare index down by 0.57%. Bankex, Oil & Gas and Consumer Durables were other indices closing weak. In the broader market, Mid-cap index slipped by 0.12% and Small-cap index ended lower by 0.26% respectively.
Among the index gainers, Coal India surged by 2.56%, Hindalco Inds, Wipro, HDFC, BHEL, Tata Steel, Sesa Sterlite and Hindustan Unilever gained between 2-1%. Bajaj Auto, Gail (India), NTPC, L&T, Infosys and ICICI Bank were the other index gainers.
Among the index losers, Bharti Airtel slipped by 4.84%, Tata Motors, Sun Pharma, ONGC, Cipla and Maruti Suzuki also fell between 2-1% each. HDFC Bank, Mahindra & Mahindra, ITC, Tata Power were some of the other losers on the list.
The overall market breadth ended firm negative. Of the 2,845 shares traded 1,510 shares declined, 1,169 shares advanced while 166 shares remained unchanged.
Tags – Market Pulse, Stock Market Pulse
http://www.stockmarketpulse.net/2014/01/16/market-pulse-16-jan-2014/
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