Post-Market: Sensex marginally up after a volatile session Analysis for May 22, 2014

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The domestic bourses ended yet another volatile session on a mildly high note. The markets picked pace following suit with the buying momentum seen in the consumer durables and realty stocks, however, the rally was not long sustained as technology stocks continued to be a drag. At the close, the benchmark 30-share index, BSE Sensex added 76.38 points or 0.31% ending at 24,374.40 point plateau with 15 components posting rise. Meanwhile, the broad based NSE Nifty went up by 23.50 points or 0.32% at 7,276.40 with 28 components registering rise. Foreign direct investment into India grew by 8 percent year-on-year to USD 24.3 billion in 2013-14, according to the Department of Industrial Policy and Promotion (DIPP) data. In 2012-13, FDI aggregated at USD 22.4 billion. The top gainers of the BSE Sensex pack were NTPC Ltd. (Rs. 153.60,+5.31%), Coal India Ltd. (Rs. 389.95,+4.78%), Maruti Suzuki India Ltd. (Rs. 2264.45,+4.44%), Sesa Sterlite Ltd. (Rs. 259.10,+3.91%), Tata Power Company Ltd. (Rs. 99.45,+3.27%), among others.

The top losers of the BSE Sensex pack were Hindalco Industries Ltd. (Rs. 155.15,-2.79%), Bharat Heavy Electricals Ltd. (Rs. 263.80,-2.75%), Bharti Airtel Ltd. (Rs. 332.40,-2.44%), Housing Development Finance Corporation Ltd. (Rs. 919.65,-2.23%), Wipro Ltd. (Rs. 483.50,-1.74%), among others.

The top gainers of the NSE Nifty pack were DLF Ltd. (Rs. 211.00,+9.44%), NTPC Ltd. (Rs. 154.20,+5.87%), Coal India Ltd. (Rs. 389.90,+5.12%), Maruti Suzuki India Ltd. (Rs. 2264.80,+4.41%), Sesa Sterlite Ltd. (Rs. 259.05,+3.95%), among others.

The top losers of the NSE Nifty pack were Hindalco Industries Ltd. (Rs. 155.10,-2.88%), Bharat Heavy Electricals Ltd. (Rs. 263.40,-2.82%), Housing Development Finance Corporation Ltd. (Rs. 920.15,-2.19%), Bharti Airtel Ltd. (Rs. 332.60,-1.97%), Wipro Ltd. (Rs. 483.50,-1.95%), among others.

The Market breadth, indicating the overall strength of the market, was positive. On BSE out of total shares traded 3247, shares advanced were 2338 while 810 shares declined and 99 were unchanged.Asian stocks rose broadly for the first time in five days on Thursday, with fairly dovish comments from the FOMC minutes and encouraging manufacturing data out of China and Japan underpinning investor sentiment. Minutes from the Federal Reserve's April policy meeting showed policymakers discussing rate hike procedures and exit strategy, even though no new conclusions could be reached on the matter.

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Story first published: Thursday, May 22, 2014, 17:00 [IST]
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