Market Pulse - 29 Nov, 2013

Market Pulse - 29 Nov, 2013

Markets today opened firm positive and closed near day's high on renewed buying interests from DII (Domestic Institutional Investor) on hopes of good second quarter GDP and fiscal deficit Apr-Oct period. The S&P BSE Sensex surged by 257.02 points or 1.25% to 20,791.93 it touched a high of 20,819.77 and a low of 20,558.93. The CNX Nifty surged up by 1.38% or 84.25 points to 6,176.10 it touched a high of 6,182.50 and a low of 6,103.80 in the intraday.

All the sectoral indices closed positive with Bankex index gaining the leading list surging by 2.21%. PSU, Capital Goods, Metal, Realty, Power, Oil & Gas and FMCG also gaining between 2-1% each. IT, Healthcare, Consumer Durables and Auto were other sectoral indices advancing on the list. Broader markets also closed in line with benchmark index with Mid-cap and Small-cap index gaining by 0.83% and 0.84% respectively.

Among the index gainers were, Sesa Sterlite spurting by 4.42%, BHEL and SBI surging by 3.45% and 3.29%, Cipla, ICICI Bank, ITC, L&T, Gail (India), Tata Power, HDFC, Bajaj Auto, HDFC Bank, Dr Reddeys Lab, Bharti Airtel, Hindalco Inds and TCS also gaining betweeb 3-1%. Jindal Steel, Infosys, Maruti Suzuki, Caol India and Reliance Industries were other gainers.

Among the index losers were, Mahindra & Mahindra down by 1.29%, Hero MotoCorp, Wipro and NTPC also slipping between 0.50-0.30%.

The market breadth closed positive with 1,455 shares advancing and 1,043 shares declining while 174 shares remaining unchanged.

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Posted in: Indian Market Tips