Post Session- Sensex ends flat in volatile trade Analysis for Aug 26, 2014

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The key domestic benchmarks ended on a flat note on Tuesday in a volatile trading session as investors punished power stocks after the Supreme Court ruled that all coal blocks allocated since 1993 were illegal, raising concerns over fuel shortage in Asia"s third biggest economy. Caution persisted ahead of the expiry of August F&O contracts this Thursday and the Q1 GDP data likely to be released on Friday.

Weak cues from Asian markets played spoilsport as stocks across the region fell as a dip in US new home sales to the lowest level in four months in July signaled fresh doubts over the recovery in the world"s biggest economy, weighing on sentiment across Asian bourses. Sales of new homes in the US declined 2.4 per cent to an annualized pace of 412,000 in July 2014 over the previous month. China"s Shanghai Composite and Hang Seng ended lower on concerns that new equity issues may divert funds from existing equities. Japan"s Nikkei 225 fell as a stronger yen dimmed the appeal of exporter stocks.

The BSE SENSEX closed at 26,442.81, up by 5.79 points or by 0.02 per cent and the NSE Nifty ended at 7,904.75, down by 1.55 points or by 0.02 per cent.

The BSE Sensex touched intraday high of 26,481.97 and intraday low of 26,314.89 The NSE Nifty touched intraday high of 7,915.45 and intraday low of 7,862.45.

Meanwhile, the BSE MIDCAP closed at 9,258.82, down by 22.28 points or by 0.24 per cent, while the BSE SMLCAP ended at 10,173.38, down by -82 points or by 0.8 per cent.

On the Sectoral front, Healthcare and FMCG rose 1.12 per cent and 0.90 per cent, respectively.

The Market breadth, indicating the overall health of the market, was weak. On BSE out of total shares traded 3209, shares advanced were 1199 while 1882 shares declined and 128 were unchanged.

The top gainers of the BSE Sensex pack were Hindalco Industries Ltd. (Rs. 170.65,+3.64%), Tata Steel Ltd. (Rs. 525.00,+2.57%), GAIL (India) Ltd. (Rs. 433.75,+1.49%), Hindustan Unilever Ltd. (Rs. 727.15,+1.40%), Sun Pharmaceutical Industries Ltd. (Rs. 864.85,+1.35%), among others.

Story first published: Tuesday, August 26, 2014, 16:24 [IST]
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