Post Session- Profit booking, caution ahead of US jobs data weighs on Sensex Analysis for Nov 07, 2014

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The key domestic benchmarks closed in the red as the Sensex retreated from record highs led by losses in metals and capital goods stocks as investors booked profits after a recent rally. Caution remained ahead of the US jobs data which may show that the economy added fewer jobs last month while most Asian markets fell today as investors awaited China trade data tomorrow which may show that China"s exports and import growth decelerated in October. However, Indian stocks logged the third straight week of gains amid bets of sooner than expected rate cuts, hopes of additional government reforms and a boost in foreign fund inflows.

The BSE SENSEX closed at 27,868.63, down by 47.25 points or by 0.17 per cent, and the NSE Nifty ended at 8,337, down by -1.3 points or by 0.02 per cent.

The BSE Sensex touched intraday high of 27,980.93 and intraday low of 27,739.56. The NSE Nifty touched intraday high of 8,360.35 and intraday low of 8,290.25.

Meanwhile, the BSE MIDCAP closed at 9,999.69, up by 35.08 points or by 0.35 per cent, while the BSE SMLCAP ended at 11,117.17, down by 43.81 points or by 0.39 per cent.

On the Sectoral front, Metal and Capital Goods stocks fell 1.27 per cent and 0.72 per cent, respectively.

The Market breadth, indicating the overall health of the market, was weak. On BSE out of total shares traded 3275, shares advanced were 1524 while 1631 shares declined and 120 were unchanged.

The top losers of the BSE Sensex pack were Bharat Heavy Electricals Ltd. (Rs. 249.10,-3.21%), GAIL (India) Ltd. (Rs. 485.00,-2.46%), Sesa Sterlite Ltd. (Rs. 246.15,-2.09%), Hero MotoCorp Ltd. (Rs. 2898.50,-1.99%), HDFC Bank Ltd. (Rs. 899.00,-1.51%), among others.

Story first published: Friday, November 7, 2014, 17:12 [IST]
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