Mid-Market- Sensex tad lower amid subdued global cues Analysis for May 17, 2013

Posted By: Religare
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The key domestic benchmarks were trading a tad lower as the Sensex struggled for direction amid mixed cues from global markets. While most Asian stocks rose today, US stocks ended lower overnight as a weak batch of data raised fresh fears over the health of the world"s biggest economy. On the domestic front, markets seem to have taken a breather following the recent stellar rally with investors now eying the RBI rate decision next month, which would be the next trigger for D-Street.

At 12:27PM, the BSE SENSEX was at 20,225.87, down by 21.46 points or by 0.11 per cent, and the NSE Nifty was at 6,162.45, down by -7.45 points or by 0.12 per cent.

The BSE Sensex touched intraday high of 20,308.97 and intraday low of 20,185.27. The NSE Nifty touched intraday high of 6,188.6 and intraday low of 6,149.3.

Meanwhile, the BSE MIDCAP was at 6,606.44, up by 14.23 points or by 0.22 per cent, while the BSE SMLCAP was at 6,198.24, up by 7.3 points or by 0.12 per cent.

On the Sectoral front, Consumer Durables and Healthcare shed 1.23 per cent and 0.50 per cent, respectively.

The Market breadth, indicating the overall health of the market, was weak. On BSE out of total shares traded 2314, shares advanced were 1005 while 1153 shares declined and 156 were unchanged.

The top losers of the BSE Sensex pack were Dr. Reddy's Laboratories Ltd. (Rs. 2085.60,-1.42%), Wipro Ltd. (Rs. 342.55,-1.35%), Bharti Airtel Ltd. (Rs. 317.95,-1.24%), Housing Development Finance Corporation Ltd. (Rs. 899.00,-0.99%), Reliance Industries Ltd. (Rs. 832.00,-0.97%), among others.

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Story first published: Friday, May 17, 2013, 14:20 [IST]
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