The market finally closed on a weak note as it could not manage to hold its feet firm. The Sensex lost 146.21 points at 20708.71 while the Nifty ended at 6160.95 down 40.90 points.
About 1133 shares have advanced, 1324 shares declined, and 182 shares are unchanged. Banks, capital goods, auto and realty stocks were hurt in today's trade. ICICI Bank, ITC, Tata Motors, ONGC, Tata Motors and Hindalcowere major laggards in the Sensex.
Among the gainers are Tata Power, Wipro, Jindal Steel, Tata Steel and Infosys.
Shane Oliver of AMP Capital Investors says the worries of US Fed taper basically mean that the economy is strengthening which should be good for investor profits. Additionally, he says there is a 50 percent chance that the taper occurs in December itself.
On emerging markets (EMs), Oliver advises a case-by-case approach as China is relatively cheap whereas India, he believes, is still expensive.
The government will allow a portion of the country's USD 80 billion in employee pensions to be invested in a wider array of debt, including short-term bills, in a bid to boost returns and further develop domestic bond markets, reports Reuters.
Fund managers handling money on behalf of the Employees' Provident Fund Organisation (EPFO) will also be given more flexibility to invest in corporate bonds, according to new rules from the Labour Ministry marking the first overhaul of investment rules in a decade.
| BSE Top Gainers |
Tata Power, Wipro, Tata Steel, Jindal Steel, Infosys, Bharti Airtel, BHEL, Coal India, SBI, Sesa Sterlite, HDFC Bank
BSE Top Losers:
Hindalco, ICICI Bank, ITC, ONGC, Tata Motors, Larsen, HUL, Maruti Suzuki, HDFC, Bajaj Auto, GAIL, TCS, Hero Motocorp, M&M, Reliance, Dr Reddys Labs, Sun Pharma, NTPC, Cipla.
Tata Power, PNB, Power Grid Corp, NMDC, Wipro, Jindal Steel, Tata Steel, Jaiprakash Asso, Sesa Sterlite, Coal India, Infosys, Bharti Airtel, BHEL, IndusInd Bank, HDFC Bank, Cairn India, SBI, BPCL, ACC
NSE Top Losers
Hindalco, IDFC, ITC, Ranbaxy Labs, ONGC, ICICI Bank, DLF, Tata Motors, Larsen, Maruti Suzuki, Ambuja Cements, Kotak Mahindra, HDFC, HUL, Bajaj Auto, UltraTechCement, TCS, Grasim, Hero Motocorp, GAIL, Reliance, Dr Reddys Labs, M&M, Lupin, Asian Paints, Sun Pharma, Bank of Baroda, NTPC, Axis Bank, HCL Tech, Cipla
Intraday Trading Tips Tomorrow for 5 Dec 2013
√ Sell Dabur India, Target Rs 156 and Stoploss of Rs 165
√ Sell Tata Motors DVR, Target Rs 190 and Stoploss of Rs 205
