Market Pulse - 27 Jan, 2014
Markets today declined more than 2%. After opening gap down it settled down near the day’s low. Weakness in the markets was amid sell-off in the emerging markets, led by the rate sensitive shares declining ahead of the Q3 policy review. The S&P BSE Sensex slipped by 426.11 points or 2.02% at 20,707.45. The CNX Nifty also dropped by 130.90 points or 2.09% at 6,135.85.
Today all the sectoral indices closed weak. Topping the list was Realty index crashing by 6.82%, followed by Bankex, Metal and Power dropping between 4-3%. Capital Goods and Oil & Gas indices declined between 3-2%. Consumer Durables and Healthcare index fell by 1.90% and 0.90%. IT and FMCG were other sectoral indices closing down. Even the broader markets were battered today. Mid-Cap index declined by 2.82% and Small-cap index fell by 2.64% respectively.
There were only couple of index gainers in the weak market. Hindustan Unilever gained by 1.71%, while ITC and Cipla gaining tad up by 0.08-0.04%.
Among the index losers, Tata Motors and Tata Steel topped the list by dropping 6.13-6.0.3%. ICICI Bank, Tata Power and Maruti Suzuki following the trend slipped between 5-4% each. Axis Bank, Sesa Sterlite, HDFC Bank and Coal India fell by 4-3%. Relience Industries, L&T, Hindalco Industries, ONGC, Mahindra & Mahindra declined by 3-2%. Bharti Airtel, SBI, NTPC, BHEL, HDFC, Gail (India), Bajaj Auto and Hero MotoCorp too declined between 2-1%. Dr Reddys Lab, Sun Pharma, TCS, Infosys and Wipro were other index decliners.
The market breadth was firm negative. Out of 2,714 shares traded 1,976 shares declined 616 shares advanced while 122 shares remained unchanged.
Tags - Market Pulse, Stock Market Pulse
Market Pulse - 27 Jan, 2014
http://www.stockmarketpulse.net/2014/01/27/market-pulse-27-jan-2014/
No comments:
Post a Comment