September 27, 2013

Market Pulse - 27 Sep, 2013

Market Pulse - 27 Sep, 2013Markets closed weak erasing its initial gains, amid selling by investor in Capital Goods, Consumer Durables and Bankex sectors ahead of the current account deficit announcement for the June-quarter. The S&P BSE Sensex dropped by 166.58 points or 0.84% at 19,727.27. It had moved in the range of 19,981.57 and 19,674.38 in the intra-day. The CNX Nifty also closed weak by 49.05 points or 0.83% at 5,833.20, after touching a high of 5,909.20 and a low of 5,819.30 in the intra-day roday.

Among the sectoral indices, Bankex index dropped by 1.83%, followed by Metal index down by 1.61%, Realty and Capital Goods index fell by 1.48% and 1.42%.
Power, Auto and Healthcare were other indices on the declining side while FMCG index advanced by 0.42% followed by IT and Oil & Gas index gaining marginally by 0.07-0.15%. From the broader markets, Mid-cap index closed marginally down by 0.10% whereas, Small-cap index closed positively up by 0.30%.

Among the index gainers were, Hero MotoCorp, Sun Pharmaceuticals and Coal India gained up between 1.5-1%. TCS, Jindal Steel and Reliance Industries were other notable gainers.

Among the index losers BHEL dropped by 4.29% followed by Tata Steel down by 3.89%. Bharti Airtel, Hindalco Industries, ICICI Bank, Sesa Goa, SBI and Dr Reddys Lab, HDFC Bank, L&T, Maruti Suzuki, Hindustan Unilever, Tata Motors, HDFC, Mahindra & Mahindra and NTPC fell between 3-1%. Other notable losers were, Tata Power, ONGC, Mahindra & Mahindra, Cipla, Wipro, Gail (India), Infosys, ITC and Bajaj Auto.

The overall market breadth was negative with 1,227 shares declining as compared to 1,147 shares advancing.

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