March 4, 2014

Calming Ukraine crisis pulls Sensex up 263 points - Stock Market Pulse

Sensex regains 21k mark as Ukraine crisis clams for now

Calming Ukraine crisis pulls Sensex up 263 points
Markets today rebounded from yesterday’s low and closed near days high. Value buying by FII’s at lower levels helped markets to rebound. Market volatility was receded on hopes of calming Ukraine crisis. The S&P BSE Sensex surged over by 263 points to close at 21209.73. The CX Nifty gained by 76.5 points or 1.23 percent to 6297.95.

In the sectoral indices, Metal index spurted by 3.31 percent. Bankex surged by 2.47 percent and Capital Goods gained by 2 percent. Consumer Durables and Power indices also rose nearly 2 percent each. Oil & Gas and Realty index gained between 2-1 percent. FMCG and Auto too closed on the gaining side. However Healthcare index declined by 0.4 percent. While IT index closed almost flat with negative bias. Even the broader markets gained in line with benchmark indices. Mid-cap index surged by 1.31 percent. While Small-cap index gained over 1 percent respectively.

As the Ukraine crisis eased, buying sphere restored on all counter. Hindalco Industries spurted nearly 8 percent, followed by Sesa Sterlite surging nearly 5 percent. ICICI Bank, Axis Bank and Gail (India) rising between 4-3 percent each. BHEL, Tata Power, NTPC, Hindustan Unilever, SBI and ONGC also gained between 2-1 percent. Tata Steel, L&T, Reliance Industries, HDFC, Hero MotoCorp, Coal India and Maruti Suzuki too gaining between 2-1 percent each. ITC, HDFC Bank, Wipro, Tata Motors, Cipla Mahindra & Mahindra, Bharti Airtel, Bajaj Auto, Infosys and TCS were the other index gainers.

Sun Pharma declining by 0.73 percent and Dr Reddys Lab felling by 0.45 percent were the only index losers today as Ukraine crisis eased today.

Today market breadth ended firm positive. Total 1602 shares advanced as compared to 1109 shares declined. While 143 shares remained unchanged, of the 2584 shares traded today.

Tags – Ukraine crisis, Market Pulse, Stock Market Pulse, Investment Banking: Concepts, Analyses and Cases

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Calming Ukraine crisis pulls Sensex up 263 points

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