- BSE Sensex continues retreat from 5-week highs, TCS shares slumpEquity market outlook: NSE Nifty target 6420, if next resistance mark crossedBSE Sensex likely to touch 23,500, NSE Nifty 7,200 levels by year-end, says RBSSensex tumbles 201 points, but posts weekly rise; FIIs back to buying ways
was also hampered due to profit booking seen in few large cap stocks. The markets are keenly awaiting the interest rate decision by RBI schedule to be declared on Monday, 28th of January 2014. We expect Sensex to trade in the range of 20620 to 21700 and Nifty to trade in the range of 6150 to 6350 levels in the coming week," he added.
Twenty-one scrips out the 30-share Sensex pack ended higher while nine finished lower. Other gainers were Bharat Heavy Electricals Ltd (BHEL) 5.22 pct, Cipla 4.80 pct, HDFC 4.75 pct, Larsen 4.72 pct, RIL 3.23 pct, SSLT 2.09 pct, Hero Motocorp 1.97 pct, HUL 1.58 pct, Bajaj Auto 1.52 pct, Gail India 1.45 pct, ONGC 1.30 pct, Dr Reddy's Lab 1.14 pct and Icici bank 1.02 pct while Coal India dropped by 5.52 pct, Tata Consultancy Services (TCS) 2.90 pct, Sun Pharma 2.55 pct, Tata Power 2.49 pct, Tata Steel 1.76 pct and Axis Bank 1.01 pct.
Among the S&P BSE sectoral indices, CG rose by 2.90 pct, Oil&Gas 2.64 pct, Bankex 1.15 pct and IT 0.88 pct while CD 2.28 pct and Realty fell by 1.61 pct.
Second-line stocks underperformed the Sensex on selling by retail investors. As a result, S&P BSE-Midcap and Smallcap indices dropped by 1.42 pct and 1.43 pct respecetively.
The total turnover at BSE and NSE fell to Rs 10,799.08 crore and Rs 54,563.44 crore respectively during the week as from its last weekend's level of Rs 11,663.44 crore and Rs 59,964.52 crore.