Market Pulse - 18 Dec, 2013

Market Pulse - 18 Dec, 2013

Markets breaking its six day losing streak closed higher after RBI (Reserve Bank of India) in its policy meet kept the rates unchanged boosted the market sentiments. The S&P BSE Sensex surged 247.72 points or 1.20% to 20,859.86. It touched a high of 20,917.57 and a low of 20,568.70. The CNX Nifty also surged by 78.10 points or 1.27% to 6,217.15. It touched a high of 6,236 and a low of 6,129.95 in the intraday today.

All the sectoral indices today ended positive. Realty index surged the most by 3.51%, followed by Capital Goods, Power and Oil & gas indices closing between 3-2%. Bankex, Consumer Durables, Auto and Healthcare indices too closed between 2-1% each. IT, FMCG, and Metal were other sectoral gainers. The broader markets Mid-cap and Small-Cap too ended in line with benchmark index gaining by 1.35% and 1.13% respectively.

Among the index gainers BHEL spurted by 5.70%, Tata Power surged by 4.04%, Bajaj Auto and Hero MotoCorp also jumped by 3.87% and 3.14%. Other major index gainers include L&T, SBI, HDFC, Reliance Industries, ONGC and Gail (India) gaining between 3-2% each.

Among the index losers Jindal Steel dropped by 1.55%, Sesa Sterlite fell by 0.74% and ICICI Benk was marginally down by 0.13%.

Market breadth was firm positive with 1,502 shares advancing as compared to 948 shares declining while 175 shares remained unchanged.

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Posted in: Indian Market Tips