Market Pulse - 23 Jan, 2014
Markets today extended its gain and closed at all time high on closing basis. Market after opening flat with negative bias had a choppy trading session. It was in the noon sessions when markets started to gain momentum on back of European markets reversing after it's initial losses. The S&P BSE Sensex closed up by 35.99 points or 0.17% to 21,373.66. It touched a high of 21,409.66 and a low of 21,264.71 intraday. The CNX Nifty ended marginally up by .7 points or 0.11% to 6,355.6. It touched a high of 6,355.60 and a low of 6,316.40 intraday today.
Among the sectoral indices Auto index dropped by 1.05%. Metal and Oil & Gas fell by 0.5-0.46%, Powe and IT indices both declined by 0.22% each. Bankex and Realty the other indices closing weak. Whereas Consumer Durables index surged by 2.33%, followed by Capital Goods index rising by 1.84%. FMCG and Healthcare indices also managed to close between 0.2-0.1% respectively. However, the broader markets underperformed as compared to benchmark index. The Mid-cap index fell by 0.48% while Small-cap index slid marginally by 0.12%.
Among the index gainers were L&T, Axis Bank and Gail (India) surging between 3-2%, followed by Sun Pharma, HDFC and Bharti Airtel gaining between 2-1% each. BHEL also gained by 0.92%. SBI, Infosys, ITC, HDFC Bank, Hindustan Unilever, Wipro and Tata Power were the other in the index gainers list.
Among the index losers were Mahindra & Mahindra slipping by 2.82%, ONGC and NTPC declining by 1.33% and 1.09%. Coal India fell nearly 1%, TCS and Tata Steel too were down by 0.89-0.84%. Hindalco Industries, Sesa Sterlie, Bajaj Auto, ICICI Bank, Reliance Industires, Cipla Limited, Tata Motors, Maruti Suzuki, Hero MotoCorp and Dr Reddys Lab were the other losers from the index.
The overall market breadth ended in negative. Out of 2,840 shares traded 1,455 shares declined 1,253 shares advanced, while 132 shares remained unchanged.
Tags - Market Pulse, Stock Market Pulse
http://www.stockmarketpulse.net/2014/01/23/market-pulse-23-jan-2014/
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