November 8, 2013

Market Pulse - 8 Nov, 2013

Market Pulse - 8 Nov, 2013Markets after opening weak continued its downtrend to close weak for the straight fourth day as investors turned cautious and booked profit ahead of US jobs data.The S&P BSE Sensex closed down by 156.62 points or 0.75% at 20,666.16. It touched a high of 20,821.01 and a low of 20,600.90 in the intraday. The CNX Nifty too declined by 46.50 points or 0.75% at 6,140.75. It had touched a high of 6,181.15 and a low of 6,120.95 in the intraday today.

Among the sectoral indices, Consumer Durables slipped by 2.04% followed by Bankex and Oil & Gas indices declining by 1.24% and 1.19% each. PSU, Auto, FMCG and IT were other sectoral indices on losing side. However, Realty index gained by 1.27% followed by Capital Goods up by 1.15%, Other sectoral indices gaining were Power, Metal and Healthcare advancing between 1-0.3%. From the broader markets, Mid-cap and Small-cap indices declined marginally by 0.15% ad 0.28% respectively.

Among the index gainers, Tata Steel leading the list by 2.86% followed by L&T and Tata Motors up by 1.84% and 1.29%. BHEL, Sesa Sterlite, Cipla, Tata Power and NTPC were other gainers.

Among the index losers, HDFC fell by 3.77%, Maruti Suzuki, ONGC, Bajaj Auto, HDFC Bank, Mahindra & Mahindra, Coal India, TCS, Bharti Airtel and Reliance Industries declining between 3-1% each. Among other index losers were, Hindustan Unilever, Hero MotoCorp, Dr Reddys Lab, SBI, ITC and Jindal Steel.

Market breadth was weak with 1,318 shares declining as compared to 1,121 shares advancing while 156 shares remained unchanged.

Tags - Market Pulse, Market Pulse
Market Pulse - 8 Nov, 2013

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