Markets ended higher led by IT sector shares
Markets today closed near days high in late trading session. After opening almost flat markets remained range bound for most part of the trading session. Late trade surge was backed by IT sector shares leading the gains. The S&P BSE Sensex closed nearly 89 points up or 0.43 percent to 20722.97. After opening flat Sensex touched a low of 20629 and a high of 20750. The CNX Nifty gained by 25.65 points or 0.42 percent to 6,152.75. It touched a high of 6160 and a low of 6125 intraday.
Among the sectoral indices IT sector index surged by 1.48 percent. Healthcare and Consumer Durables rose by 1.17 and 1.11 percent. Capital Goods index gained over 1 percent. Bankex, Realty and Oil & Gas were the other indices closing with gains. Metal index slipped over 1 percent, Power index fell by 0.41 percent. FMCG and Auto indices closed too marginally weak. In the broader market Mid-cap index gained by 0.5 percent and Small-cap index advanced 0.66 percent.
In the index gainers, Sun Pharma surged over 2 percent. IT Sector share Infosys surged over 2 percent, TCS and Wipro rose between 2-1 percent. HDFC Bank and L&T rose between 2-1 percent. Gail (India) rose by 0.74 percent. SBI, Dr Reddys Lab gained by 0.64 percent and ONGC, BHEL too gained by 0.60 percent. Mahindra & Mahindra, Cipla, Bharti Airtel and HDFC were the other gainers. While Axis Bank and Tata Motors closed flat.
In the index losers, Tata Power dropped over 2 percent. Sesa Sterlite, Hero MotoCorp, NTPC, Tata Steel and Bajaj Auto slipped between 2-1 percent. ICICI Bank and Maruti Suzuki fell by 0.7-0.6 percent. Hindustan Unilever, Hindalco Industries, ITC, Coal India and Reliance Industries were the other losers.
Overall market breadth was firm positive. Of the 2829 shares traded 1426 shares advanced and 1252 shares declined. While 151 shares remained unchanged.
Tags – IT Sector, Information Technology
, Market Pulse, Stock Market Pulse
IT Sector led market high; Sensex at 20722
http://www.stockmarketpulse.net/2014/02/19/it-sector-led-market-high/
Among the sectoral indices IT sector index surged by 1.48 percent. Healthcare and Consumer Durables rose by 1.17 and 1.11 percent. Capital Goods index gained over 1 percent. Bankex, Realty and Oil & Gas were the other indices closing with gains. Metal index slipped over 1 percent, Power index fell by 0.41 percent. FMCG and Auto indices closed too marginally weak. In the broader market Mid-cap index gained by 0.5 percent and Small-cap index advanced 0.66 percent.
In the index gainers, Sun Pharma surged over 2 percent. IT Sector share Infosys surged over 2 percent, TCS and Wipro rose between 2-1 percent. HDFC Bank and L&T rose between 2-1 percent. Gail (India) rose by 0.74 percent. SBI, Dr Reddys Lab gained by 0.64 percent and ONGC, BHEL too gained by 0.60 percent. Mahindra & Mahindra, Cipla, Bharti Airtel and HDFC were the other gainers. While Axis Bank and Tata Motors closed flat.
In the index losers, Tata Power dropped over 2 percent. Sesa Sterlite, Hero MotoCorp, NTPC, Tata Steel and Bajaj Auto slipped between 2-1 percent. ICICI Bank and Maruti Suzuki fell by 0.7-0.6 percent. Hindustan Unilever, Hindalco Industries, ITC, Coal India and Reliance Industries were the other losers.
Overall market breadth was firm positive. Of the 2829 shares traded 1426 shares advanced and 1252 shares declined. While 151 shares remained unchanged.
Tags – IT Sector, Information Technology
, Market Pulse, Stock Market PulseIT Sector led market high; Sensex at 20722
http://www.stockmarketpulse.net/2014/02/19/it-sector-led-market-high/
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