Market Pulse - 30 Oct, 2013

Market Pulse - 30 Oct, 2013

Markets after opening flat and trading in the range-bound till the early noon session, benchmark indices surged higher and closed at record high levels amid buying interest in index heavy-weights.

The S&P BSE Senses gained by 104.96 points or 0.50% to 21,033.97. It moved in the range of 21,086.59 to 20,937.12 in the day. The CNX Nifty also advanced by 30.80 points or 0.50% to 6,251.70. It touched a high of 6,269.20 and a low of 6,222.60 in the intra-day.

Among the sectoral indices, Auto and PSU were the only sectoral index which declined closing almost flat by 0.05% and 0.03% weheras all other sectoral indices closed positively. Healthcare and FMCG index closed up by 1.19% and 1.12%, Power, Realty, Consumer Durables managed to close between 1-0.5%. Other indices which closed positive were IT, Capital Goods, Bankex, Metal and Oil & Gas. From the broader markets Mid-cap index closed up by 0.25% while Small-cap index advanced up by 0.64% respectively.

Among index gainers, Bharti Airtel spurted up by 5.23%, Dr Reddys Lab surged up by 3.87%, Hindalco Inds, ICICI Bank, Bajaja Auto and BHEL also surged up between 3-2% followed by ITC, Hindustan Unilever and HDFC gaining between 2-1% each. TCS, NTPC, Hero MotoCorp, Cipla, Coal India, Sun Pharma, Tata Steel and Relince were among other gainers.

Among index losers, Wipro dropped by 2.17%, Sesa Sterlite fell by 1.29%. HDFC Bank, SBI, L&T, Tata Power, ONGC, Tata Motors and Jindal Steel declined between 1-0.5% each. Mahindra & Mahindra, Infosys and Maruti Suzuki were other stocks closing weak.

The overall breadth ended positive with 1,275 shares advanced, 1,157 shares declined and 177 shares remained unchanged.

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Posted in: Indian Market Tips