Friday, October 25, 2013

Sensex lackluster; tech, power, FMCG advance

MUMBAI: The S&P BSE Sensex was moving in a narrow range after shedding most of the intraday losses even as the global markets remained weak. Technology, power and FMCG sectors were the top sectoral performers while capital goods and auto sectors were off day\'s low.

At 02:15 p.m.; the 30-share index was at 20752.32, up 26.89 points or 0.13 per cent. It touched a high of 20,782.16 and an intraday low of 20,622.55 in trade so far.

The Nifty was at 6,167.25, up 2.90 points or 0.05 per cent. The index touched a high of 6,174.75 and a low of 6,125.95 in trade today.

\"As long as we can hold on to 6,100-6,150 on the Nifty, this could be a mild correction which will resolve on the upside. I am saying this because the Bank Nifty seems to be fairly positive now and it has crossed long-term trend line and has stayed above that for about three to four days now,\" said Ashwani Gujral, Fund Manager, to ET Now.

The S&P BSE Midcap Index was down 0.24 per cent and the S&P BSE Smallcap Index was 0.31 per cent lower.

Among the sectoral indices, the S&P BSE IT Index was up 1.42 per cent, the S&P BSE Power Index gained 1.51 per cent and the S&P BSE FMCG Index advanced 1.39 per cent.

The S&P BSE Realty Index was 1.58 per cent lower, the S&P BSE Capital Goods Index declined 1.47 per cent and the S&P BSE Auto Index slipped 0.87 per cent.

TCS (up 2.63 per cent), Sesa Sterlite (up 2.62 per cent), NTPCBSE 0.91 % (up 2.13 per cent), Wipro (up 2.06 per cent) and ITC (up 0.88 per cent) were among the top Sensex gainers.

Hindalco (3.54 per cent), M&M (2.41 per cent), HULBSE -2.42 % (1.90 per cent), Tata SteelBSE -3.25 % (1.84 per cent) and GAIL (1.65 per cent) were among the top index losers.

The market breadth was positive on the BSE with 973 gainers against 1,348 losers.

The foreign institutional investors bought shares worth Rs 991.83 crore while domestic institutional investors were net sellers worth Rs 735.4 crore on Thursday as per the provisional data from the National Stock Exchange.

The European markets were opened in the red tracking losses in other global markets. The FTSE 100 was down 0.05 per cent, the CAC 40 0.34 per cent lower and the DAX declined 0.17 per cent.
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