Market Pulse - 3 Dec, 2013

Market Pulse - 3 Dec, 2013

Markets closed weak snapping its three day winning streak as investor opted to book profit after recent gains. The S&P BSE Sensex closed weak down by 43.09 points or 0.21% at 20,854.92. It touched a high of 20,927.05 and a low of 20,817.75 in the intraday. The CNX Nifty also declined marginally by 16 points or 0.26% at 6,201.85. It touched a high of 6,225.40 and a low of 6,191.40 in the intraday today.

Among the sectoral indices Realty index gurged by 1.24%, Oil & Gas index gained by 0.51%, Metal, Power and IT indice managed to close between 0.3-0.2%, while FMCG index dropped by 0.83%, Consumer DUrables and Bankex also slipped by 0.58% and 0.56%. Auto, Capital Goods, Healthcare and PSU declined between 0.5-0.2% each. However broader markets out-performed the benchmark index and closed with gains, Mid-cap index gained by 0.23% and Small-cap index advanced by 0.27%

Among the index gainers were, Gail (India), Jindal Steel, BHEL and Hindalco Inds rising between 3-1%, Reliance Industries also gained by 0.82%. Infosys, TCS, Tata Steel, Wipro, Maruti Suzuki and Tata Power were other index gainers on the list.

Among the index losers were Dr Reddys Lab, Sesa Sterlite, L&T, NTPC and Coal India declining between 2-1%, Mahindra & Mahindra Hero MotoCorp, ITC, Hindutan Unilever, HDFC Bank, ONGC, Bajaj Auto, HDFC and Sun Pharma also felling between 1-0.5% each. SBI, Cipla, Bharti Airtel, ICICI Bank and Tata Motors were other losers.

Market breadth was tad positive with 1,255 shares advancing as compared to 1,233 shares declining while 166 shares remained unchanged.

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Posted in: Indian Market Tips