Market Pulse - 28 Jan, 2014
Markets today recovered from its day's low to settle marginally lower. After opening positive it turned southward as the RBI surprised the market by hiking repo rate. However shrugging off the shocking RBI move it recovered and settled marginally lower. RBI today hiked the repo rate by 25 basis points to 8% fro 7.75% in its Q3 monetary policy review. The S&P BSE Sensex fell by 23.94 points or 0.12% at 20,683.51. It touched a high of 20,795.35 and a low of 20,554.28 intraday. The CNX Nifty slipped marginally by 9.60 points or 0.16% at 6,126.25. It touched a high of 6,163.60 and a low of 6,085.95 in the intraday trading session today.
Sectoral indices closed mixed today. Metal was the top gainer rising by 1.72% and Realty index gaining by 1.08%. FMCG, Auto, Consumer Durables, Oil & Gas and Capital Goods were the other sectoral gainers. Whereas IT index closed down by 1.06%, Healthcare index also followed the trend and closed lower by 0.79%. Bankex and Power indices also ended the day in red zone. However broader markets ended the day with gains. Mid-cap index closed flat with negative bias, while Small-cap index closed gaining by 0.25% respectively.
Among the index gainers, Tata Steel surged by 3.49%, Sesa Sterlite, Tata Motors and Hindalco Industries gained between 3-2%. Bajaj Auto and BHEL advanced by 1.69% and 1.11%. Tata Power, ICICI Bank, ITC, Mahindra & Mahindra and Dr Reddys Lab also gained between 1-0.5% each. L&T, Reliance Industries, Coal India, SBI and HDFC were other index gainers.
Among the index losers, Maruti Suzuki crashed by 8.12%, Axis Bank dropped by 3.28%. Sun Pharma slipped by 2.44%, Infosys and Cipla declined by 1.49% and 1.30%, Hindustan Unilever, TCS, HDFC Bank, NTPC, ONGC, Wipro, Hero MotoCorp and Bharti Airtel were the other index losers.
However market breadth was marginally positive. Of the 2689 shares traded, 1299 shares advanced as compared to 1243 shares declined, while 147 shares remained unchanged.
Tags - Market Pulse, Stock Market Pulse
Market Pulse - 28 Jan, 2014
http://www.stockmarketpulse.net/2014/01/28/market-pulse-28-jan-2014/
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