Market Pulse - 3 Jan, 2014

Market Pulse - 3 Jan, 2014

Markets closed almost flat, after opening weak, amid volatile trading session. It recovered in the late trading session, led by IT sector shares, as FII's (foreign institutional investors) continued to buy despite weakness in the markets. The S&P BSE Sensex closed marginally down by 37 points or 0.18% at 20,851.33. It touched a high of 20,885.18 and a low of 20,731.33. The CNX Nifty slid marginally by 0.16% or 10 points at 6,211.15. It touched a high of 6,221.70 and a low of 6,171.25 intraday.

Among the sectoral indices, Power, Oil & Gas, Metal, Auto and Capital Goods ended down between 2-1% each, while IT index surged by 2.19%. FMCG, Consumer Durables and Healthcare indices also ended in the positive. The Broader markets ended up as compared to benchmark index. Mid-cap and Small-cap index both rose to 0.60% each.

Among the index gainers, TCS and Infosys surged by 2.76% and 2.61%, Maruti Suzuki and Sun Pharma gained by 1.65% and 1.05%. HDFC Bank, Hero MotoCorp, Wipro, Hindustan Unilever, Gail (India), Bharti Airtel and Bajaj Auto were other gainers.

Among the index losers, Mahindra & Mahindra and Tata Power fell by 3.85% and 3.83%, Tata Power, L&T and NTPC slipped between 3-2%, ONGC, BHEL, Coal India, Hindalco Inds, Tata Steel, SBI, Reliance Industires and Dr Reddys Lab declined between 2-1% each. Axis Bank, ICICI Bank, Sesa Sterlite, HDFC, ITC and Cipla were other index losers.

However, the market breadth ended positive with 1,274 shares advancing as compared to 1,182 shares declining, while 168 shares remained unchanged.

Tags - Market Pulse, Stock Market Pulse