26 August, 2013

Market Pulse - 26 Aug, 2013

Market Pulse 26 Aug 2013Markets closing marginally higher rising for third consecutive day, amid volatile trading session, led by index heavy-weight Infosys and Capital Goods shares on hopes of higher capital inflow. The S&P BSE Sensex advanced by 38.69 points or 0.21% to 18,558.13. It touched a high of 18,728.19 in the intra-day today. The CNX Nifty closed tad up by 4.75 or 0.09% at 5,476.50, it had touched a high of 5,528.70 in the intra-day today.

Among sectoral indices Power, IT, Capital Goods, Matel, Healthcare, and Realty indices surged between 1%-2%, while, Oil & gas and Bankex index dropped between 0.4%-1%.
In the broader markets, both the Mid-cap and Small-cap indices out performed the benchmark index as they gained nearly 1% each.

Among index gainers were, BHEL spurting up by 6.63%, NTPC and Sterlite gaining between 2%-3%, Hero MotoCorp gained up by 2.35%, Wipro, Infosys and TCS also advanced between 1%-2%, L&T gained up by nearly 1%. Other notable gainers were Reliance Industries, Jindal Steel, Sun Pharma, Dr Reddy’s Lab and Maruti Suzuki.

Among index losers were, Oil and Natural Gas Corporation (ONGC) dipped over 3%, Other prominent losers were GAIL, ICICI Bank, Tata Steel and ICICI Bank.

Sesa Goa surged up by 9.39% ahead of its merger with Sterlite Industries, on reports that it will replace Sterlite Industries in the S&P BSE Sensex 30-share benchmark index.

The overall market breadth was positive with 1,299 shares advancing compared to 991 shares declining.

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