Sensex stages pull back ends 164 points higher - Stock Market Pulse

Market stages pull back as Sensex ends 164 points higher

Indian Market today staged a pull back ending higher near days high. After opening firm in the morning it almost traded in a range before ending higher. Recovery was led by the banking shares amid firm global cues. Also, investors sentiment boosted after a survey indicated a brisk recovery in the US manufacturing. This sparked off a rally in the Asian market. The S&P BSE Sensex ended up over 164 points or 0.80 percent to 20700.75, after opening firm up neary 64 points in the morning session. The CNX Nifty also gained by 64 points or 1.05 percent to 6155.45. It had opened neary 17 points up in the morning.

Except for Realty index all the other sectoral indices closed with gains. Realty index has closed marginally weak by 0.10 percent. Capital Goods and FMCG indices surged by 1.3-1.2 percent. Bankex and IT index both ended up by 1.16 percent. Metal index gained by 0.85 percent and Oil & Gas index advanced by 0.74 percent. Consumer Durables, Auto, Power and Healthcare were the other indices ending the day with gains. In the broader markets Mid-cap index gained by 0.71 percent and Small-cap index advanced by 0.49 percent.

Among the sexsex gainers, Axis Bank surged nearly 3 percent. L&T, ITC and Tata Steel also gained nearly 2 percent. ICICI Bank, SBI, Tata Motor, Wipro and Infosys rose between 2-1 percent. Bajaj Auto also rose nearly 1 percent. Reliance Industires, HDFC, Gail (India), TCS and NTPC too advanced between 1-0.5 percent. Other sensex gainers include Tata Power, Hindalco Industries, Sesa Sterlite, Mahindra & Mahindra and ONGC.

Among the sensex losers, Bharti Airtel dropped nearly 3%. Sun Pharma slipped nearly 1 percent. Maruti Suzuki, Cipla and Hero MotoCorp ended down between 0.6-0.5 percent. BHEL, HDFC Bank, Hindustan Unilever and Coal India were the other losers.

The overall market breadth ended firm positive. Total 2816 shares traded today. Of which 1480 shares advanced and 1182 shares declined. While 154 shares remained unchanged.

Tags - Sensex, BSE Sensex, Market Pulse, Stock Market Pulse

Sensex stages pull back ends 164 points higher
http://www.stockmarketpulse.net/2014/02/21/sensex-stages-pull-back-ends-higher/