Market Pulse - 7 Oct, 2013

Markets after its initial loss in the morning session closed flat today, amid a volatile trading session, as gains in Metal sector and TCS helped offset the losses incurred by the index-heavy weight Reliance Industries and shares from the financial and banking sectors. The S&P BSE Sensex ended marginally down by 20.85 or 0.10% at 19,895.10. It touched a high of 19,921.38 and a low of 19,647.88 in the intra-day. The CNX Nifty closed almost flat negative down by 1.15 points or 0.02%. It touched a high of 5,912 and a low of 5,852.85 in the intra-day session today.

Among the sectoral indices IT index closed up by 1.21%. Metal, Healthcare and Power were other indices on the gaining side while Bankex was the top on tyhe losing side slipping by 1.16% followed by indices like PSU, Capital Goods, Realty, Consumer Durables, Oil & Gas and Auto. In the broader markets, Mid-cap index and Small-cap index closed up by 0.45% and 0.47% respectively.

Among the index gainers, Tata Steel spurted up by 4.13% followed by Hindalco Industries surging by 3.22%. TCS, Jindal Steel, BHEL and Gail (India) also gained between 3-1%. Tata Power, Dr Reddys Lab, Sesa Sterlite, Sun Pharmaceuticals, ONGC, Mahindra & Mahindra were some of the other gainers on the list.

Among the index losers, Coal India dropped by 3.19%, Bharti Airtel, ICIC Bank, Maruti Suzuki, L&T, SBI, Relaince Industries and HDFC Bank fell between 2-1%. Wipro, NTPC, HDFC and ITC were some of the other losers on the list.

The overall market breadth ended positive with 1,280 shares advancing as compared to 1,089 shares declining.

Posted in: Indian Market Tips