January 2, 2014

Market Pulse - 1 Jan, 2014

Market Pulse - 01 Jan, 2014

Market Pulse 1 Jan 2014Markets closed weak near day's low as it stumbled in late noon trading session . Disappointing December 2013 HSBC PMI (Purchasing Manager's Index) was the reason of markets declining. The S&P BSE Sensex slipped by 252.15 points or 1.19% at 21,140.48. It touched a high of 21,331.32 and a low of 20,846.67. The CNX Nifty dipped by 80.50 points or 1.28% at 6,221.15. It touched a high of 6,358.30 and a low of 6,211.30.

Among the sectoral indices, expect for IT index which closed marginally gaining by 0.11% all the other indices closed weak. Realty index was the top loser shedding 3.07%, followed by Capital Goods and Power indices which declined by 2.84% and 2.09%. Bankex, Oil & Gas, Metal, Consumer Durables and FMCG declined between 2-1%, Auto and Healthcare also closed weak. Even the broader markets closed weak in line with benchmark index. Mid-cap index fell by 1.77% and Small-cap index slipped by 2.03%.

TCS advancing by 0.40%, Maruti Suzuki gaining by 0.34%, Sun Pharma and Infosys also gaining by 0.26% and 0.24%, were the only shares which managed on the gaining side.

Among the index losers, BHEL, Tata Power, Coal India and L&T dropped between 4-3%, Bharti Airtel, ONGC, Cipla, NTPC, ITC and ICICI Bank too slipped between 3-2% each. Hindustan Unilever, Reliance Industries, Axis Bank, Tata Steel, SBI, HDFC Bank, Mahindra & Mahindra were some of the other index laggards.

Overall market breadth ended weak with 1,564 shares declining as compared to 1,038 shares advancing, while 129 shares remained unchanged.

Tags - Market Pulse, Stock Market Pulse

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