Market Pulse - 7 Aug, 2013

Markets continues to close lower, amid a volatile session on a negative note due to selling pressure witnessed in the Auto and IT sector shares as fears loomed that the US Fedral Reserve may soon scale-back stimulus as economy showed signs of growth recovery. The S&P BSE Sensex slipped 86 points or 0.36% to close at 18,664.88 after touching a high of 18,811.46 and a low of 18,551.35 in the day. While the CNX Nifty closed at 5,519.10, down by 23.15 points or 0.42% after it touched a high of 5,561.45 and a low of 5,486.85 in early trade today.

Among secoral indices FMCG Index closed 1.50%, Auto Index plunged 1.01%, Capital Goods Index slipped 0.40% and IT index ended 1.63% lower, Realty index jumped up by 4.70%, Metals gaining by 3% and Power index closing higher by 2.70% while Oil & Gas and PSU were other gaining sectoral indices on the brouse. The S&P BSE Midcap Index closed 0.70% higher and BSE S&P Smallcap Index rose by 1.34%.

Among major index losers were, HDFC down by 2.95%, Tata Motors fell by 2.96%, ITC down by 2.30%, Sun Pharma dropped by 2.50% and TCS slipped by 2.70%.

Among major index gainers were, Tata Power jumped up by 7.85%, Sterlite Industries gained up by 5%, Tata Steel advanced by 4.58%, BHEL gained by 2.61% and SBI up by 4.40%.

Indian Rupee, is the worst currency of Asia as of now for this year, remained weak today on back of aggressive dollar buying by the banks. At 4PM IST, the currency traded at 60.96 a dollar from Tuesday's close of 61.80 at the Interbank Foreign Exchange Market.

The overall market breadth was positive, 1,249 shares advanced as compared to 1,042 shares declined.

Posted in: Indian Market Tips