Market Pulse - Dec 3, 2012

Mon, Dec 3, 2012 at 15:30PM
Markets end on a subdued  note.

Markets ended today's session on a subdued note on the back of profit booking witnessed in select heavyweight stocks. Sensex provisionally closed weaker by 33 points at 19,307 and the 50-share Nifty slipped 9 points to end provisionally at 5,871.

Mon, Dec 3, 2012 at 15:00PM
Markets remain subdued.

Markets continue to trade on a subdued note on the back of mild profit booking visble in select heavyweight counters. The street is also cautioned ahead of FDI vote in Parliament that will test the Congress-led UPA government's ability to push through key reforms. Sensex is down 57 points at 19,285 and the 50-share Nifty has slipped 16 points to 5,862 levels.

Mon, Dec 3, 2012 at 13:15PM
Lacklustre trades continue.

Markets continued to trade on a flat note this afternoon with gains in realty and metal stocks offsetting the selling pressure visible in banks. The BSE is down 27 points at 19,313. Nifty is down 3 points at 5,876.
BSE realty index has added 1.5% to 2,029. Metal and capital goods indices are up 0.5-1% each. However, BSE consumer durables index has slipped 0.7% to 7,976. Bankex and FMCG are also showing some weakness. BHEL has jumped 2% to Rs 238. Tata Steel and Jindal Steel from the metal pack have added 1.8% each. Auto shares are up 1-2% each. Reliance is up 1% at Rs 802. On the other hand, HDFC bank has slipped 2% to Rs 690. Bharti Airtel is down 1.2% followed by HDFC, NTPC and ITC. Shares of rating agencies, ICRA and Crisil are trading higher by over 4% each on back of heavy volumes ahead of the initial public offer of Credit Analysis and Research Ltd (CARE), which opens on Friday. PVR has surged 11% to Rs 334, extending its previous two-day’s rally after the company announced buyout of Cinemax India’s promoters’ entire 69.27% stake for Rs 395 crore. BSE market breadth is positive. Out of 2806 stocks traded, 1588 shares advanced while 1101 shares delcined.

Mon, Dec 3, 2012 at 12:15PM
Markets loosing early gains, now trading down.

Markets failed to maintain initial gains and slipped down. Sensex is down by 43.66 points or 0.23% to 19296.24 points today on selling in FMCG, banking, IT and PSU stocks, while Nifty is down by 15.65 points or 0.27% to 5864.35. Major losers were HDFC Bank (1.46 per cent), ITC (1.09 per cent), Hero Motocorp (0.92 %), Tata Power (0.84 %) and Sterlite Ind (0.78 %).  However, Maruti Suzuki firmed up by 1.76 per cent, M&M (1.39 %), Tata Steel (1.14 %), Jindal Steel (1.12 %) and SBI (0.87 %).

Mon, Dec 3, 2012 at 11:00AM
Markets pares early gains.

Markets after an early upmove has pared its gains due to strong resistance at higher levels and is currently trading down. Bank, healthcare, oil and PSU stocks are mostly trading flat. FMCG and consumer durables stocks are a bit weak in opening trades. Select midcap and smallcap stocks have posted strong gains.

Sensex is down 20.83 points at 19319.07, 97 points off an early high of 19416.45 and Nifty is down 13.95 points at 5865.90, 18 points off an early high of 5882.95.

Mon, Dec 3, 2012 at 10:00AM
Markets open positive.

Markets have opened on a positive nothe this morning tracking cues from Asian markets. Sensex is up 44.10 points or 0.22% at 19,384, while the Nifty is up 11 points or 0.18% at 5890.85. Capial goods, automobile, realty and information technology stocks are eding higher. FMCG, PSU, oil and pharma stocks are a bit subdued in early trades.