CNX Nifty holds 6050 level, markets end lower - Stock Market Pulse

Markets closed marginally lower as CNX Nifty holds 6050 level

Markets closed marginally lower near day's low, as FII's (foreign institutional investors) restored to selling in index heavy-weights. After opening positive in the morning markets slipped near the previous day's close. Markets before slipping down and settling at day's low, it traded almost range bound till late noon. The S&P BSE Sensex fell marginally by 42.29 points or 0.21% at 20,334.27. It remained in the range of 20,434 to 20312 intraday. The CNX Nifty ended down marginally by 9.75 points or 0.16% at 6,053.45. It remained in the range of 6,073 to 6046 intraday today.

In the sectoral indices, Consumer Durables index surged by 1.53% and Realty index rose by 1.15%. Capital Goods and Oil & Gas too advanced by 0.7-0.6%. Healthcare and Auto were the other indices ended with gains. Whereas, Bankex and Metal indices fell by 0.6-0.5%. IT index declined by 0.42%, Power index slipped by 0.23% while FMCG ended almost flat with negative bias. In the broader markets Mid-cap index almost closed flat up 0.05% while Small-cap index ended marginally up by 0.18%.

Among the sensex gainers Dr Reddys Lab surged over 2%. Sun Pharma, Maruti Suzuki, L&T and ONGC rose between 2-1% each. Reliance Industries and Tata Motors Ltd too gained by 0.9-0.8%. Tata Power Limited and ITC advanced by 0.6-.05%. Hindalco Industries, Wipro Limited, Coal India, BHEL and Infosys were among the other sensex gainers.

Among the sensex losers, Bharti Airtel, Tata Consultancy Services, Hindustan Unilever and HDFC Limited fell between 3-2%. Gail (India) and Sesa Sterlite declined between 2-1%. Cipla Limited and State Bank of India fell by 0.9-0.8%, Hero MotoCorp and HDFC Bank also ended down by 0.8-0.6%. Tata Steel Limited, Axis Bank, ICICI Bank, NTPC, Bajaj Auto and Mahindra & Mahindra were among the sensex losers.

However the market breadth was positive. Out of 2726 shares traded 1328 shares advanced and 1246 shares declined. While 152 shares remained unchanged.

Tags - CNX Nifty, Market Pulse, Stock Market Pulse

CNX Nifty holds 6050 level, markets end lower
http://www.stockmarketpulse.net/2014/02/10/cnx-nifty-holds-6050-level-markets-end-lower/