Market Pulse - 21 Jan 2014
Markets closed marginally up after positive start in the morning. As the market lost ground due to profit bookings in IT sector shares, gain in the financials sector shares led to the recovery of the benchmark indices. The S&P BSE Sensex closed up by 46.07 points or 0.22%. It moved in the range of 21,302.52 to 21,189.20 intraday. The CNX Nifty gained marginally by 9.85 points or 0.16% to 6,313.80. It moved in the range of 6,330.30 to 6,297.90 intraday today.
In the sectoral indices, Bankex index surged by 1.55% followed by Auto index rising by 1.03%.Metal, Capital Goods, Realty and Consumer Durables indices managed to close between 0.8-0.5%. Whereas IT index declined by 0.68%, Oil & Gas and Power indices slipped between 0.6-0.5%. FMCG and Healthcare indices closed tad negative by 0.18-0.10%. Even the broader market closed in line with benchmark index. Mid-cap closed up by 0.45% and Small-cap index gained up by 0.39% respectively.
Among the index gainers list, ICICI Bank surged the most by 3.32% followed by Tata Motors, Tata Steel and Axis Bank gaining between 3-2% each. Sesa Sterlite, Maruti Suzuki, L&T, SBI and HDFC Bank also rose between 2-1%. Hindustan Unilever, Bajaj Auto, Hindalco Industries Limited, HDFC, Infosys and Dr Reddys Lab were among the other index gainers on the list.
Among the index losers list, TCS and Coal India slipped between 3-2%, BHEL, Gail (India), Sun Pharma and Bharti Airtel fell between 2-1% each. Tata Power and NTPC also declined by 0.84-0.83%. Hero MotoCorp, Reliance Industires, Cipla, ITC, Wipro, Mahindra &Mahindra and ONGC were other among the index losers.
The overall market breadth ended positive. Out of 2,783 shares traded 1,376 shares advanced as compared to 1,247 shares declined, while 160 shares remained unchanged.
Tags - Market Pulse, Stock Market Pule
http://www.stockmarketpulse.net/2014/01/21/market-pulse-21-jan-2014/
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