Market Pulse - 11 Dec, 2013

Market Pulse - 11 Dec, 2013

Markets closed weak straight for second day, amid a volatile trading session, as investors opted the cautious approach ahead of the cpi (consumer price inflation) data which is scheduled for release tomorrow for the month of November. The S&P BSE Sensex fell by 83.85 points or 0.39% at 21,171.41, it touched a high of 21,215.94 and a low of 21,069.45. The CNX Nifty slipped by 24.95 points or 0.39% at 6,307.90. It touched a high of 6,326.60 and a low of 6,280.25 in the intraday today.

Among the sectoral indices except for FMCG index which closed up by 0.56% all the other sectoral indices closed down. Capital Goods and Auto indices dropped by 1.39% and 1.05%, Oil & Gas index fell by 0.86% and Metal index declined by 0.63%. Bankex, Realty, Power. Consumer Durables, IT and Healthcare were other sectoral indices closing weak. From the broader markets Mid-cap index declined marginally by 0.10%, while Small-Cap index gained marginally by 0.08%.

Among the index gainers NTPC surged by 2.43%, HDFC and Coal India gained by 1.63% and 1.16%, while ITC was up by 0.99%. Wipro, Bajaj Auto, HDFC Bank, Hindustan Unilever, Maruti Suzuki and Infosys were other index gainers.

Among the index losers Tata Motors slipped by 3.25%, SBI, BHEL, Bharti Airtel, ONGC and Tata Power fell between 3-2%. L&T, Gail (India), Hero MotoCorp, Hindalco Inds, TCS and Tata Steel declined between 2-1% each. Sun Pharma, Dr Reddys Lab, Mahindra & Mahindra, Reliance Industries, Jindal Steel, Sesa Sterlite and ICICI Bank were other index losers.

The market breadth was negative with 1,356 shares declined and 1,134 shares advanced while 165 shares remained unchanged.

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Posted in: Indian Market Tips