Market Pulse - 30 Jan, 2014 - Stock Market Pulse

Market Pulse - 30 Jan, 2014

Markets ended lower after opening firm negative in the morning. Further tapering by the US Federal led to a sell-off in the emerging markets. This caused benchmark indices to close at their lowest level in two months. The S&P BSE Sensex declined by 149.05 points or 0.72% at 20,498.25. It opened gap down by 155.56 points or 0.75% at 20,498.25. The CNX Nifty too slipped by 46.55 points or 0.76% at 6,073.70. It opened gap down by 53.25 points or 0.87% at 6,067.

Weakness was too seen in the sectoral indices. Bankex and Metal index were the top sectoral indices dropping by 2.7-2.5%. Followed by Oil & Gas index felling by 1.08%. FMCG and Capital Goods indices too declined by 1-0.7%. IT, Healthcare and Power were the other sectoral indices closed weak. Whereas Consumer Durables which closed up by 1.73% and Auto index advanced by 0.27% were the only sectoral indices posting gains.

Even the broader markets ended weak. Mid-cap index fell by 1.13% and Small-cap index slipped by 1.47% respectively.

Major index gainers include Tata Motors and Bharti Airtel Limited gaining by 2.66% and 2.44%. BHEL and Gail (India) also advanced by 1.29% and 1.01%. Mahindra & Mahindra too advanced by 0.88%. Sun Pharma, HDFC, Tata Consultancy Services, Bajaj Auto Limited, NTPC and Hindustan Unilever were the other index gainers. Wipro closed almost flat with positive bias.

Major index losers include State Bank of India, Hero MotoCorp, Sesa Sterlite, Hindalco Industries and Tata Steel slipped between 4-3%. ICICI Bank Ltd, Axis Bank, Maruti Suzuki and HDFC Bank Ltd fell between 3-2%. Coal India Ltd, oNGC, Tata Power, Dr Reddys Lab, Reliance Industries and L&T also declined between 2-1%. Infosys, Cipla Limited and ITC were the other index decliners.

Market breadth ended firm negative. Of 2714 shares traded 1750 shares declined and 836 shares advanced. While 128 shares remained unchanged.

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Market Pulse - 30 Jan, 2014
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