Market Pulse - 14 Nov, 2013
Markets today opened firm and closed higher, breaking its seven day losing steak, on hopes of US bond buying program may not start early. Also boosting the sentiments was RBI governor, expressed the comfort about the inflation and narrowing current account deficit. The S&P BSE Sensex closed up by 205.02 or 1.02% at 20,399.42. It touched a high of 20,568.99 and a low of 20,348.27 in the intraday. The CNX Nifty gained by 66.55 points or 1.11% to 6,056.15. It touched a high of 6,101.65 and a low of 6,036.65 in the intraday today.
Among the sectoral indices except for Healthcare and IT indcies which closed down marginally by 0.39% and 0.11% all the other indices closed up with Auto index leading the list gaining by 2.91% followed by Bankex and Realty also gaining by 2.66% and 2.28%, Capital Goods, Power and Metal indices advancing between 2-1% each. Other sectoral gainers include Oil & Gas, PSU, FMCG and Consumer Durables. Even in the broader markets closed inline with the benchmark index, both the Mid-cap and Small-cap indices closed up by 1.06% and 1.09% respectively.
Among the index gainers, Tata Motors spurted by 5.52% followd by Tata Steel surging by 4.58%, ICICI Bank, Mahindra & Mahindra, Hero MotoCorp, L&T, Bharti Airtel and NTPC rising between 4-2%. Maruti Suzuki, Sesa Sterlite, BHEL, SBI, Jindal Steel, HDFC Bank, Hindalco Inds and Tata Power gaining between 2-1%. Some of the other index gainers were, Reliance Industries, ONGC, Wipro, Infosys and Bajaj Auto.
Among the index losers, Coal India dropped by 3.81%, Cipla slipped by 2.05%, Sun Pharma, TCS and Gail (India) also fell between 2-1%. Hindustan Unilever, Dr Reddys Lab and ITC were other losers.
Market breadth was firm positive with 1,418 shares advancing as to 1,070 shares declining while 154 shares remained unchanged.
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