Market Pulse - 24 Jan, 2014
Markets snapping it’s four-day gaining streak closed weak. After opening weak it continued to trade under pressure and settled near the day’s low. Rate sensitive shares led the weakness in the market after the RBI (Reserve Bank of India) Governor stated inflation as a destructive disease, forcing for interest rate hike. The S&P BSE Sensex slipped by 240.1 points or 1.12% at 21,133.56. It touched a high of 21,333.66 and a low of 21,123.99 in the intraday. The CNX Nifty declined by 78.90 points or 1.24% at 6,266.75. It touched a high of 6,331.45 and a low of 6,263.90 in the intraday sessions.
Today all the sectoral indices closed weak. Leading the list was Realty index dropping by 3.19% followed by Capital Goods and Consumer Durables indices slipping by nearly 2.7%. Bankex, Power, Metal, Auto, FMCG and Healthcare indices too closed weak between 2-1%. IT and Oil & Gas were the other losing sectoral indices. Even the broader market witnessed the weakness. The Mid-cap index slipped by 1.66% and the Small-cap index fell by 1.81% respectively.
In the index gainers list there were only couple of shares ending in gains. NTPC advancing by 0.38%, Bajaj Auto gaining by 0.20% while Reliance Industries gaining marginally by 0.20%.
Among the index losers BHEL, Tata Steel and Tata Motors were the major losers dropping between 4-3%. Sesa Sterlite, L&T and SBI fell between 3-2%, ICICI Bank, Tata Power, ITC, Hero MotoCorp, HDFC, Maruti Suzuki, Cipla and Sun Pharma also declined between 2-1% each. Wipro, Infosys, ONGC, HDFC Bank, Axis Bank, Mahindra & Mahindra, Coal India, Bharti Airtel, Dr Reddys Lab, TCS, Gail (India), Hindustan Unilever and Hindalco Industries were the other losers.
Overall market breadth ended firm negative. Out of 2,797 shares traded 1,59 shares declined as compared to 890 shares advanced, while 148 shares remained unchanged.
Tags – Market Pulse, Stock Market Pulse
Market Pulse - 24 Jan, 2014
http://www.stockmarketpulse.net/2014/01/24/market-pulse-24-jan-2014/
No comments:
Post a Comment