Ahead of key economic data, market ends flat - Stock Market Pulse

Markets ended almost flat ahead of key economic data

Markets after opening positive in the morning closed almost flat with a positive bias. Investors turned cautious ahead of key economic data, which is due for release tomorrow. The S&P BSE Sensex after opening up by 67 points or 0.32% at 20,400.94 touched a high of 20443.35. It however ended marginally higher at 20,363.37 a gain of 29.1 or 0.14%, after touching a low of 20349.51. The CNX Nifty ended 9.25 points up or 0.15% at 6,062.70, holdings its 6050 level. After opening positive in the morning it touched a low of 6053.25 and thereafter a high of 6081.85.

In the sectoral indices, Power index dropped by 1.02% and Realty index slipped nearly 1%. Oil & Gas and Healthcare index also declined by 0.58% and 0.32%. Capital Goods and FMCG index too ended the day by losing marginally. Whereas, IT index gained nearly 1%, followed by Auto index gaining nearly 0.8%. Consumer Durables, Bankex and Metal index too advanced between 0.6-0.3%. Even the broader markets ended the day flat. Mid-cap index gained marginally by 0.28% while Small-cap index advanced mere by 0.10%.

In the gainers list, Tata Motors surged the most by 2.83% followed by Tata Steel up by 2%. ONGC, HDFC and ICICI Bank rose between 2-1%. Infosys, Tata Power and Sesa Sterlite too advanced between 0.8-0.5%. Bajaj Auro, TCS, SBI, Axis Bank nad HDFC Bank also ended the day with gains. Whereas Mahindra & Mahindra and ITC closed almost flat up by 0.02% each.

In the losers list, NTPC and Hindalco Industries fell by 2.21% and 2.01%. Reliance Industires and Hero MotoCorp too lose nearly 2% each. Maruti Suzuki fell by 0.82%, Bharti Airtel, Dr Reddys Lab and Gail (India) too declined by 0.67% each. BHEL, Sun Pharma, Hindustan Unilever, Cipla, L&T and Wipro were the other losers on the list. While Coal India closed almost flat down by 0.02%.

However market breadth ended negative. With 2775 shares traded, 1370 shares declined and 1266 shares advanced. While 139 shares remained unchanged.

Tags - Key Economic Data, Market Pulse, Stock Market Pulse

Ahead of key economic data, market ends flat
http://www.stockmarketpulse.net/2014/02/11/ahead-key-economic-data-market-closes-flat/