Ukraine crisis drag markets down - Stock Market Pulse

BSE Sensex closed below 21,000 following Ukraine crisis

Markets breaking its 5-day winning streak, closed weak today following Ukraine crisis. After opening weak in morning, markets continued to slip down, before closing near days low. Ukraine crisis was looming over the world market, on political tension between Russia and Ukraine. The S&P BSE Sensex closed down by 173.55 points or 0.82 percent at 20946.65. It touched a low of 20921 after hitting a high of 21140 in the early morning session. The CNX Nifty too declined by 55.50 points or 0.88 percent at 6221.45.

Nearly most of the sectoral indices closed weak on Ukraine crisis. Healthcare index dropped by 1.55 percent. IT index fell by 1.25 percent. Auto and Power indices declined by 1.18 percent each. Capital index also fell over 1 percent. Bankex, FMCG, Metal and Realty indices too closed weak. While Consumer Durables surged by 1.74 percent and Oil & Gas index advanced by 0.24 percent. However broader markets ended mixed today. Mid-cap index declined by 0.30 percent and Small-cap index gained tad by 0.06 percent.

Only a couple of index scrip’s managed to close positive, as Ukraine crisis loomed over benchmark indices. Among them were, Reliance Industries gaining by 0.53 percent. Tata Steel, Hindalco Industries and ITC advanced between 0.4-0.3 percent. While Coal India gained marginally by 0.14 percent.

Among the index losers, Dr Reddys Lab slipped nearly 3 percent. BHEL, Sun Pharma and Mahindra & Mahindra dropped between 3-2 percent. Cipla Limited fell almost by 2 percent, Sesa Sterlite, Wipro, Tata Motors, Bajaj Auto, TCS, ICICI Bank, Hindustan Unilever and L&T also declined between 2-1 percent each. NTPC and Axis Bank also declined nearly by 1 percent. HDFC, SBI, Tata Power, Infosys, ONGC, Hero MotoCorp, Bharti Airtel, Maruti Suzuki, Gail (India) and HDFC Bank were the other index losers.

Overall market breadth was negative. Total 1480 shares declined as compared to 1204 shares advanced. While 120 shares remained unchanged.

Tags – Ukraine Crisis, Market Pulse, Stock Market Pulse, Stock Investing For Dummies

Related Reading:

Ukraine crisis drag markets down
http://www.stockmarketpulse.net/2014/03/03/ukraine-crisis-drag-markets/