Sensex gains as heavy-weight pulls market - Stock Market Pulse

Sensex gains as index heavy-weight pulls market up; January WPI eases to 8-month low

Markets closed higher after slipping to day's low. It surged up staging a recovery in the late noon sessions. Recovery was led by the index heavy-weight. Further WPI (wholesale price inflation) also helped in improving the market sentiment. January WPI has eased to 8-month low. The S&P BSE Sensex gained by over 173 points or 0.86% to 20,366.82. After opening up by nearly 72 points, it slipped to a low of 20149. However it soon recovered and touched a high of 20,391.95 and settled down at 20366.82. The CNX Nifty also opening up by nearly 23 points at 6,023.75, touched a low of 5984 and a high of 6056. It also posted a gain of 47.25 points or 0.79% to close at 6,048.35.

Among the sectoral indices Healthcare index was the lone loser declining marginally by 0.12%. Whereas IT index was the top gainers surging by 1.39%. Oil & Gas index also rose by 1.21%. Consumer Durables and Metal index gained by 0.94% and 0.70%. Bankex, Capital Goods, Realty, Power, Auto and FMCG were the other sectoral indices closing in green. However, in the broader market closed marginally weak. Mid-cap index closed marginally up by 0.11% and Small-cap index ended almost flat down by 0.04%.

Among the sensex gainers Tata Motors surged over 3%. Gail (India) also rose by 2.56%. Reliance Industries, HDFC Bank, Infosys, NTPC, TCS, Wipro and Tata Steel too gained between 2-1%. Tata Power, ITC, ONGC, Bharti Airtel, Dr Reddys Lab, ICICI Bank, HDFC, L&T, Sesa Sterlite, Maruti Suzuki, Hindustan Unilever and Axis Bank were among the other gainers.

Among the sensex losers Bajaj Auto dropped by 3.42%. BHEL and Cipla slipped between 3-2%. Hero MotoCorp, and SBI also fell between 2-1%. Sun Pharma, Mahindra & Mahindra, Hindalco Industries, Hindalco Industries and Coal India were the other index losers.

However market breadth ended in negative. Of the 2729 shares traded, 1400 shares declined and 1185 shares advanced. While 144 shares remained unchanged.

Tags - Sensex, Market Pulse, Stock Market Pulse

Sensex gains as heavy-weight pulls market
http://www.stockmarketpulse.net/2014/02/14/sensex-gains-heavy-weight-pulls-market/