5 February 2014

MID SESSION UPDATE FOR 05/02/2014

Market indicate extended initial losses and hit fresh intraday low in morning trade. the S&P BSE Sensex, was down 114.31 points or 0.57%, off about 155 points from the day's high and up close to 20 points from the day's low. The market sentiment was affected adversely by provisional data showing that foreign funds resorted to heavy selling of Indian stocks on Tuesday, 4 February 2014.
Reality shares edged lower. Index heavyweight and cigarette maker ITC extended initial losses. Most telecom stocks declined. Power Finance Corporation rose on good Q3 result.
The market breadth, indicating the overall health of the market, was positive.
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