17 October, 2013

Market Pulse - 17 Oct, 2013

Market Pulse - 17 Oct, 2013Markets closed lower, after a range-bound movement in the early morning session, amid a volatile trading session mostly dragged down by IT index shares like TCS, Wipro and Infosys on profit booking by the investors. The S&P BSE Sensex closed down by 132.11 points or 0.64% at 20,415.51. It touched a high of 20,629.80 and a low of 20,375.42. The CNX Nifty also declined by 43.20 points or 0.71% to 6,045.85. It touched a high of 6,110.75 and a low of 6,032.55 in the intra-day trading session.

Among the sectoral indices, Consumer Durables, Oil & Gas and FMCG gained between 2-1%. PSU index ended marginally up by 0.10%. Whereas IT index dropped by 3.59% followed by Capital Goods index declining by 2.30%. Auto index was also down by 1.20%. Realty, Healthcare, Power, Bankex and Metal were other sectoral indices declining. In the broader markets, Mid-cap and Small-cap index both closed marginally positive with 0.13% and 0.12% respectively.

Among the index gainers, Bharti Airtel and ONGC surged up by 2.85% and 2.24%, Bajaj Auto, ITC, Reliance Industries and Hero MotoCorp advanced between 2-1%. Other notable gainers were Jindal Steel, Hindustan Unilever, HDFC Bank, BHEL and Coal India.

Among the index losers, TCS dropped by 4.98% and Tata Motors slipped by 4.03%. L&T, Wipro, Infosys, Cipla and NTPC also declined between 4-1% respectively. Other major notable losers were HDFC, ICICI Bank, Hindalco Inds, Tata Power, Maruti Suzuki and Sesa Sterlite.

The overall market breadth was tad negative with 1,240 shares declining as compared to 1,222 shares advancing while 146 shares remained unchanged.

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