There were no fireworks on Dalal Street to ring in the New Year as Sensex ended on a flat note, with a
negative bias on the first day of 2014 amidst thin trading volume as most investors stayed on the
sidelines due to the absence of global cues as overseas markets were shut due to a holiday.
Further, investors were also exercising caution ahead of the manufacturing data for India due
tomorrow which may offer cues over the health of Asia’s third biggest economy. IT stocks were the
major losers on profit booking by investors following the recent sharp gains.
The Market breadth, indicating the overall health of the market, was strong.
Shares of private sector banks declined. Shares of PSU banks rose.
Stocks like Bajaj Finance, CESC, Glaxo Smithkline, GMR Infra, HCL Tech, Tata comm. and Wipro made
new 52 week high today.
The rupee falls in trade with market moving with small flows as not much liquidity. The rupee is at
61.89 versus Tuesday's close of 61.80/81 having moved in a 61.80-61.975 band in session.
BSE Sensex ended lower amid thin volumes in a range bound session as software stocks including
TCS, Infosys and Wipro fell on profit-taking.
TOP NIFTY GAINERS BHARTI AIRTEL, RANBAXY LAB, DLF, A PAINTS AND JP ASSOCIATES
TOP NIFTY LOSERS TATA POWER, WIPRO, TCS, BHEL AND KOTAK BANK
RSI was at 58, MACD positive above signal line; India VIX was at 15~ which all Indicate that market are
hovering in a range we may expect a strong movement either ways from here.
Today, Nifty closed above 5DMA (6298), 20DMA (6253), 50DMA (6192) and 200DMA (5911) which all indicate
that market under a strong grip of bulls but caution is exercised at higher levels for fresh entry by traders.
Markets closed on a flattish note with majority of the sectors closed in Green, but BSE Realty was the
Best performing Sector today.
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