Monday 21 October 2013

Daily Market Round-up

The markets gyrated betweem zones today on account of profit taking at higher levels as the key benchmark indices neared record levels.

The Sensex started the day on the positive note owing to global cues and sustained buying by the FIIs. The BSE index scaled a high of 20,971 in the morning deals, but thereafter turned choppy and slipped into red to a low of 20,769 - down 202 points from the day's high.

The Sensex, however, recovered all its losses towards the close largely on account of fresh buying in Infosys. The BSE benchmark index eventually ended on a flat note at 20,894 - up 11 points.

The NSE Nifty added 16 points to 6,205.

Larsen & Toubro was the major gainer, up 6 per cent at Rs 925 following its better-than-expected Q2 performance. The Capital Goods index soared 4.2 per cent to 8,781.

The BSE Realty and Metal indices also surged 3 per cent and 1.7 per cent, respectively.

On the other hand, the FMCG index slipped over a per cent to 6,909 led by a significant fall in ITC. The stock was down 2.6 per cent at Rs 345.

Jindal Steel was the major loser among the Sensex shares, the stock shed 3.7 per cent at Rs 246.

TCS slipped over 2 per cent to Rs 2,074. BHEL dropped 1.5 per cent at Rs 146, and Bharti Airtel was down a per cent at Rs 353.

On the other hand, Maruti and Hindalco rallied over 3 per cent each to Rs 1,517 and Rs 118, respectively.

Tata Steel jumped 2.3 per cent to Rs 336, and Sesa Sterlite added 2 per cent to Rs 199.

NTPC moved up 1.5 per cent to Rs 148, and Mahindra & Mahindra was also up over a per cent at Rs 888.

The market breadth was fairly positive - out of 2,594 stocks traded on the BSE, 1,450 advanced and 986 declined today.

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