Key benchmark indices pared losses after hitting fresh intraday low in afternoon trade. The S&P BSE Sensex was down 57.49 points or 0.28%, up 24 points from the day's low and off 113 points from the day's high. The market breadth, indicating the overall health of the market, was positive.
A bout of volatility was seen in early trade as the key benchmark indices once again sink in red after turning positive from a lower start triggered by negative Asian stocks. Volatility continued as the key benchmark indices regained positive zone after turning negative after hitting intraday high in morning trade. Key benchmark indices were slightly higher after seeing alternate bouts of rise and fall in mid-morning trade. Volatility continued as the key benchmark indices once again drifted lower in negative zone. The barometer index, the S&P BSE Sensex hit intraday low. Key benchmark indices pared losses after hitting fresh intraday low in afternoon trade.
Foreign institutional investors (FIIs) bought shares worth a net Rs 1031.79 crore on Monday, 21 October 2013, as per provisional data from the stock exchanges.
At 13:15 IST, the S&P BSE Sensex was down 57.49 points or 0.28% to 20,836.40. The index rose 55.02 points at the day's high of 20,948.91 in morning trade. The index fell 81.05 points at the day's low of 20,812.84 in afternoon trade.
The CNX Nifty was down 12.95 points or 0.21% to 6,192. The index hit a high of 6,220.10 in intraday trade. The index hit a low of 6,181.80 in intraday trade.
The market breadth, indicating the overall health of the market, was positive. On BSE, 1,273 shares gained and 938 shares fell. A total of 138 shares were unchanged.
Among the 30-share Sensex pack, 15 stocks gained and rest of them declined. Tata Steel (up 1.98%), Coal India (up 1.84%), Wipro (up 1.59%), Tata Power (up 1.38%), GAIL (India) (up 0.93%), ICICI Bank (up 0.82%), NTPC (up 0.68%), TCS (up 0.65%) and State Bank of India (up 0.42%), edged higher from the Sensex pack.
HDFC (down 2.25%), Hero MotoCorp (down 1.63%), Reliance Industries (down 1.20%), Hindalco Industries (down 1.14%), Cipla (down 1.07%), M&M (down 0.80%), ITC (down 0.78%), HDFC Bank (down 0.54%) and Dr Reddy's Laboratories (down 0.43%), edged lower from the Sensex pack.
Suzlon Energy (up 9.92%), Essar Oil (up 5.54%), Mangalore Refinery & Petrochemicals (up 5.28%), Pidilite Industries (up 4.38%) and Torrent Power (up 3.90%), were the leading gainers in the BSE's 'A' group.
In the foreign exchange market, the rupee hit almost one-week low against the dollar. The partially convertible rupee was hovering at 61.66, weaker than its close of 61.52/53 on Monday, 21 October 2013.
European indices were mostly lower in early trade on Tuesday, 22 October 2013. Key benchmark indices in France and Germany were down by 0.05% and 0.09%, respectively. However, UK's FTSE 100 was up 0.16%.
Asian markets were mostly lower on a cautious note as investors awaited US jobs data which will determine when the Federal Reserve would start tapering. Key benchmark indices in Taiwan, Hong Kong, China and Indonesia fell by 0.01% to 1.52%. Key benchmark indices in South Korea, Singapore and Japan rose by 0.13% to 0.45%.
Trading in US index futures indicated that the Dow could see a flat opening on Tuesday, 22 October 2013. US stocks finished little changed on Monday, with the S&P 500 adding a fraction to its record close and the Nasdaq Composite extending gains into a fourth session, bolstered by Netflix Inc., which released earnings just after the close.
The US government will release the influential nonfarm-payroll data for September 2013 today, 22 October 2013. The data has been delayed due to the 16-day partial shutdown of the US government this month.
The Federal Open Market Committee (FOMC) holds a two-day policy meeting on 29-30 October 2013. On 18 September 2013, the Fed surprised economists and investors with its decision to delay scaling back its stimulus amid concerns about the strength of the economic recovery.
Powered by Capital Market - Live News
