Market Pulse - 23 Oct, 2013

Market Pulse - 23 Oct, 2013

Markets ended weak as profit booking was seen in the index heavy-weights like Reliance Industries and Tata Motors. Also weakness was seen in IT sectoral shares as investors opted to book brofit after recent gains as it continues to exhibit weakness in the Q2. The S&P BSE Sensex ended down by 97.09 points or 0.47% at 20,767.88. It moved in the range of 20,922.32 and 20,589.72. The CNX Nifty closed down by 24.45 points or 0.39% at 6,178.35. It touched a high of 6,217.95 and a low of 6,116.60 in todays session.

Among the sectoral indices Capital Goods, Bankex, Consumer Durables and FMCG were on the gainers list rising between 0.60-0.10%. While, on the losing side Realty and Power index were down by 1.28% and 1.46%. IT, Oil & Gas, Healthcare, Auto, Metal and PSU were other sectoral indices closing weak. In the broader markets, Mid-cap index closed almost flat negative down by 0.03% while Small-cap index closed marginally lower by 0.26%.

Among the index gainers were, Gail (India) surged up by 3.89%, Cipal and SBI also gained up by 2.74% and 2.35%. L&T, ICICI Bank and Maruti Suzuki advanced between 2-1%. Hindustan Unilever, Hero MotoCorp and Sesa Sterlite were other gainers.

Among the index losers were, Wipro dropped by 4.41%, Sun Pharma and NTPC declined by 2.39% and 2.02%. Bajaj Auto, HDFC Bank, Tata Steel, ONGC, Tata Motors, Coal India, Dr Reddeys Lab, TCS, Bharti AIrtel and Mahindra & Mahindra fell between 2-1% respectively. Relaince Industries, Hindalco Inds, Infosys and HDFC were some of the other losers on the declining side.

The overall market breadth ended weak with 1,230 shares declining as compared to 1,184 shares advancing while 179 shares remained unchanged.

Tag - Market Pulse - 23 Oct 2013, Market Pulse