Market Pulse - 14 Aug, 2013

Markets closed higher on a positive note led by Oil & Gas and Auto sectors, gaining straight for fourth day in a row. The S&P BSE Sensex rose up by 137.75 points or 0.72% to 19,367.59. The CNX Nifty rose up by 43 points or 0.75% to 5,742.30.

Among sectoral indices, Auto index ended up by 3.10%, Metal Index gained by 3%, Oil & Gas, Consumer Durables, Realty, PSU and Bankex were also on the list of gainers, whereas Capital Goods, IT and FMCG indices slipped down between 0.30-1% respectively.Meanwhile, from the broader markets Mid-cap gained up by .65% while Small-cap ended marginally higher up by 0.20%.

Among index gainers were, Tata Motors spurted up by 9.67%, Hindalco Industries up by 7%, Reliance Industries, ONGC, Tata Steel, Gail (India), Bajaj Auto, Sterlite Industries, ICICI Bank, Tata Consultancy Services and Tata power also ended higher by 1-4.5% each.

Among index losers were, BHEL slipped by 2.30%. L&T, Wipro, Hindustan Unilever, Infosys, HDFC, Bharti Airtel, Dr Reddy's Labs, Jindal Steel and Cipla were some of the losers on the brouse.

Wholesale Price Index inflation rose to 5.79% for the month of July, raising uncertainty over policy action by the RBI (Reserve Bank of India) to support growth. May Wholesale Price Index was revise from 4.70% to 4.58%.

Tata Motors shares zoomed up by 9.67%, after company reported 21% jump in the sales of Jaguar Land Rover globally for the month of July.

The overall market breadth ended positive with 1,274 shares advanced while 1,061 shares declined.

Posted in: Indian Market Tips