Markets remain directionless ahead of IIP & CPI data Analysis for Sep 12, 2014

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Markets remained directionless as investors turned cautious ahead of the August CPI and July industrial production data to be released later during the day. The key domestic benchmark index, Sensex was trading marginally up by 2 points as the gains among the index heavyweights like Cipla, Maruti, Hero Moto Corp and ITC among others were capped by losses in Hindalco, Sun Pharma, NTPC and Tata Motors among others.

At 1:30PM BSE SENSEX was at 26993.09 down by 2.78 points or by 0.01 per cent, while the NSE Nifty was at 8078.25 down by 7.45 points or by -0.09 per cent.

The BSE MIDCAP was at 9975.38, up by 11.87 points or by 0.12 per cent while the BSE SMLCAP was at 11174.8, up by 63.88 points or by 0.57 per cent.

The BSE Sensex touched an intraday high of 27065.02 and an intraday low of 26965.91, while the NSE Nifty touched an intraday high of 8102.95 and an intraday low of 8071.6.

The top gainers of the BSE Sensex pack were Cipla Ltd. (Rs. 590.35,+2.53%), Maruti Suzuki India Ltd. (Rs. 2964.00,+1.62%), Housing Development Finance Corporation Ltd. (Rs. 1049.05,+1.03%), ITC Ltd. (Rs. 354.40,+0.98%), Hero MotoCorp Ltd. (Rs. 2742.00,+0.78%), among others.

The top losers of the BSE Sensex pack were Hindalco Industries Ltd. (Rs. 167.65,-2.84%), Sun Pharmaceutical Industries Ltd. (Rs. 807.25,-1.89%), NTPC Ltd. (Rs. 138.15,-1.36%), Coal India Ltd. (Rs. 356.45,-1.16%), Tata Power Company Ltd. (Rs. 90.00,-0.99%), among others.

Among the sectors, In BSE, BSE_CDS index was at 9742.92 up by 109.68 points or by 1.14%. VIP Industries Ltd. (Rs. 112.00,+7.07%), Titan Company Ltd. (Rs. 388.50,+1.69%), Symphony Ltd. (Rs. 1485.00,+1.07%), Blue Star Ltd. (Rs. 363.00,+0.69%), TTK Prestige Ltd. (Rs. 4466.65,+0.12%),.

On the flip side, In BSE, BSE_CGS index was at 15414.6 down by -86.32 points or by -0.56%. Alstom T&D India Ltd. (Rs. 348.00,-2.10%), Punj Lloyd Ltd. (Rs. 42.05,-1.64%), Crompton Greaves Ltd. (Rs. 221.50,-1.38%), Larsen & Toubro Ltd. (Rs. 1581.80,-0.92%), Bharat Electronics Ltd. (Rs. 2099.85,-0.82%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total 3101 shares traded, 1653 shares advanced, 1338 shares declined while 110 remained unchanged.

Story first published: Friday, September 12, 2014, 14:00 [IST]
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