March 10, 2014

Markets closed flat; BSE Sensex all-time high

Markets today ended almost flat; however BSE Sensex all-time high

Markets closed flat; BSE Sensex all-time high
Market today closed tad higher, gained for the fourth consecutive day. After opening weak, the market traded range bound. BSE Sensex all-time high was recorded just before closure of the market. The BSE Sensex ended up by gaining 15 points or 0.07 percent to 21934.83. Earlier in the day, BSE Sensex all-time high of 22023.98 and a low of 21805 was noted in the intra-day session. The CNX Nifty too closed marginally higher. It gained nearly 11 points or 0.16 percent to 6537.25. It touched a high of 6562.2 and a low of 6487.35 in the intra-day.

In the sectorial, Capital Goods and Realty index surged by 2.77 and 2.47 percent. Bankex index gained by nearly 2 percent. Oil & Gas index also advanced over 1 percent. Power and Auto were the other indices closing with the significant gains. Whereas IT index dropped by 2.42 percent. Healthcare index slipped by 1.67 percent. And the Metal index fell about 1 percent. Consumer Durables also ended in red. However, broader markets out-performed the benchmark index. Mid-cap index advanced by 0.44 percent while Small-cap index gained by 0.77 percent.

Among the index gainers, Maruti Suzuki surged the most by 3.74 percent. Mahindra & Mahindra, L&T and HDFC Bank also surging between 4-3 percent each. SBI, Bajaj Auto and BHEL rose between 3-2 percent. Reliance Industries, Axis Bank, Hindustan Unilever, Bharti Airtel and ONGC gained between 2-1 percent. Hero MotoCorp, NTPC and HDFC were other index gainers.

Among the index losers, TCS dropped by 3.67 percent followed by the Tata Motors slipping by 3.20 percent. Sun Pharma, Gail (India), Coal India and Hindalco Industries fell between 3-2 percent. Infosys, Tata Steel, Wipro, Dr Reddys Lab and Cipla too dropped between 2-1 percent each. Sesa Sterlite ended down nearly 1 percent. ITC, ICICI Bank and Tata Power were the other index losers.

Overall the market breadth ended in the positive zone. Out of the 2966 shares traded, 1458 shares advanced and 1348 shares declined. Whereas 160 shares ended unchanged.

Tags - BSE Sensex All-time High, Market Pulse, Stock Market Pulse, Stock Exchanges, Investments and Derivatives: 3

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