December 20, 2012

Market Pulse - Dec 20, 2012


Thu, Dec 20, 2012 at 16:30 PM
Markets ends lower.
Markets after a weak start and a subsequent smart rebound, faltered and plunged into the red around mid morning, but recovered once again and regained most of the lost ground towards close. Sensex, which declined to 19,335.72 after, ended the day with a loss of 22.08 points or 0.11% at 19,453.92, while Nifty settled at 5916.40, down 13.20 points or 0.22%. It touched a high of 5937.60 and a low of 5881.45 during the session.

While weak global markets and the Bhartiya Janata Party's win in the Gujarat state assembly elections rendered the market weak early on, expectations of more economic reforms pulled it from lower levels.

Metal stocks started off on a weak note on profit taking, but bounced back to end the session well off their lows, with a few of them even posting smart gains. Select FMCG, IT and Healthcare stocks moved up. Automobile, Capital Goods, Consumer Durables and Realty stocks mostly closed weak. Oil&Gas and Bank stocks ended on a mixed note.

Sun Pharmaceutical Industries lost over 2%. Mahindra & Mahindra, Bajaj Auto, Larsen & Toubro and Wipro ended lower by 1% - 1.6%. BHEL, ITC, Tata Motors, HDFC Bank, Dr Reddy's Laboratories and Hero Motocorp also ended notably lower.

Ambuja Cements lost around 3%. BPCL, Jaiprakash Associates, Cairn India, IDFC, Axis Bank, Kotak Bank, HCL Technologies, ACC, Reliance Infrastructure, Lupin and Power Grid Corporation closed with sharp to moderate losses.

Jindal Steel & Power, Hindalco and Tata Steel ended with strong gains. Hindustan Unilever, Tata Consultancy Services, Cipla, GAIL India, Maruti Suzuki, Tata Power and Sesa Goa also closed on a firm note.

Thu, Dec 20, 2012 at 15:30 PM
Markets ends marginally lower.
Markets ended low on uncertainty over US Budget talks drawing resolution before year-end coupled with Congress' defeat in Gujarat assembly elections. Sensex fell 49.85 points to end at 19,426.15 provisionally, while Nifty declined 13.20 points and provisionally ended at 5,916.40.

Banks such as HDFC Bank falls on profit-taking after recent gains as optimism surrounding the passing of a banking bill began to fade. HDFC Bank falls 0.72 percent while State Bank of India is down 0.45 percent.

The Rajya Sabha will consider amendments to the banking bill on Thursday afternoon.

Thu, Dec 20, 2012 at 14:00 PM
Markets regains momentum.
Markets pared loses in late afternoon trades on value-buying in metal and other defensive sectors such as pharmaceuticals and FMCG. Sensex index fell 11 points and traded at 19,463.24 while Nifty declined 13 points at 5,917.60.

Sector wise top losers included Real-esate, Power, Banks, Capital Goods while metals, FMCG, pharmaceuticals gained. Mid-cap and Small-cap fell 0.1-0.4%.

Among stocks, metal stocks gained with Tata Steel, Jindal Steel and Hindalco rising above 1% each while Cipla and HUL gained 1% while among laggards, Mahindra & Mahindra and Bajaj Auto declined 1.5% and 1.2%, HDFC Bank fell 0.6% and Reliance Industries dropped 0.4%. The other notable movers are BGR Energy Systems which has surged 4% to Rs 274.60 after the company said that it has bagged orders for supply of steam turbine and generators from state owned NTPC for the proposed 2X800 MW super thermal power project at Lara in Chattisgarh. The value of the order is Rs 1,548 crore. Reliance Power is trading lower by 2% at Rs 96.50 after the company said that the offer for sale (OFS) transaction was completed at a price of Rs 95 per share on a proportionate allocation method. Opto Circuits (India) has surged 4% to Rs 110 after the board approved issue of warrants to promoter at Rs 145 per share.

Overall breadth remained negative as 1,586 stocks declined while 1,185 stocks advanced.

Thu, Dec 20, 2012 at 13:00 PM
Markets remains subdued.
Markets after opening on a negative note on weak global cues, the Indian stock market pared some losses subsequently as investors indulged in some buying at lower levels in a few blue chip stocks. However, the mood remains a bit cautious amid renewed worries about the U.S. fiscal cliff.

Sensex, which recovered to 19,520 after declining to 19,408 in early trades, is currently down 84.25 points at 19,391.75, while Nifty is down 32 points at 5,898. Healthcare and information technology stocks have edged higher. Realty and bank stocks are mostly subdued. Oil, power, metal and capital goods stocks have recovered after a weak start. Automobile and FMCG stocks are trading mixed.

Among the gainers in the Sensex, Cipla is up by over 2% at Rs 428.50, Sun Pharmaceutical Industries is trading 1.5% up at Rs 772.60 and Maruti Suzuki is up 1.3% at Rs 1528.60.

Hindustan Unilever and Jindal Steel & Power are up nearly a percent from their previous closing levels. Wipro, Tata Consultancy Services and Infosys are up 0.6% - 0.9%. Coal India, Tata Power, Tata Motors and GAIL India are also up in positive territory.

Asian Paints, Siemens, HCL Technologies, Lupin and Ranbaxy Laboratories are among the notable gainers in the Nifty index.

BHEL, Sesa Goa and Bharti Airtel are trading lower by 1% - 1.2%. IDFC, HDFC Bank, Ambuja Cements, Bank of Baroda, Reliance Infrastructure, Jaiprakash Associates, ITC, Kotak Bank and Reliance Industries are also trading weak.

Adani Enterprises has tumbled to Rs 274.75, losing 5.83%, on strong volumes. Karnataka Bank (down 2.09%) has declined on reports the stock is under the lens of the market regulator following recent frenzied trading at the counter.

Thu, Dec 20, 2012 at 11:30 AM
Markets under pressure.
Markets which were high in early trade, tumbled to day's low. Sensex, which rose to 19,520.51 in early trades, tumbled to a low of 19,335.72 and is currently at 19,363.47, down 112.53 points or 0.58% from its previous closing mark, while Nifty is down 32.30 points or 0.55% at 5897.30.

Thu, Dec 20, 2012 at 10:30 AM
Markets remain range bound.
Markets continued to remain volatile in a narrow range with the Sensex and the Nifty oscillating between negative and positive zone. Investors remain cautious ahead of the outcome of the Gujarat elections later today and amid looming uncertainty over US budget deal resolution. Sensex was down 20 points at 19,456, while Nifty was down 11 points at 5,918.
Sectoral wise, Realty index has declined by almost 1% followed by counters like Banks, Power, Capital Goods, Oil & Gas, Auto, Consumer Durable and Metal, all declining marginally. However, Healthcare and IT indices are up nearly 1%. Mid-cap index has slipped by 0.2%, whereas Small-cap index is almost flat.

The main losers at this hour include Bharti Airtel, Sterlite, BHEL, HDFC Bank, ITC, Bajaj Auto and M&M, all falling down by 1% each. Among other shares, Gujarat Apollo Industries has rallied 12% to Rs 152 after the company said that the Swiss building materials maker Ammann Group is picking 70% stake in the consolidated road construction equipment business of Apollo Group in a deal valuing the business at Rs 400 crore.

On the gaining side, Cipla, Wipro, TCS, HUL, JSPL, CIL, Maruti Suzuki and Sun Pharma have gained between 1-2%. Reliance Power is trading lower by 2% at Rs 96.50 after the company said that the offer for sale (OFS) transaction was completed at a price of Rs 95 per share on a proportionate allocation method.

Overall market breadth remains unhealthy with 1,036 shares declining and 943 shares advancing.
Thu, Dec 20, 2012 at 10:00 AM
Markets recovers a bit.
The BSE benchmark Sensex, which recovered to 19,520 after declining to 19,408 in early trades, is currently down 13.31 points at 19,462.69.

The Nifty index of the National Stock Exchange is down 8.25 points at 5921.35, off an early low of 5908.45.

Among the gainers in the Sensex, Cipla is up by over 2% at Rs 428.50, Sun Pharmaceutical Industries is trading 1.5% up at Rs 772.60 and Maruti Suzuki is up 1.3% at Rs 1528.60.

Thu, Dec 20, 2012 at 09:30 AM
Markets opened on a weak note.
Markets opened lower this morning with investor pressing sell button, tracking weak global cues. Sensex, which declined to 19,408, is now down 49.60 points or 0.25% at 19,426.40, while Nifty is down 14.80 points or 0.25% at 5914.80.

Metal, realty, oil and bank stocks have opened on a weak note. Select pharma and IT stocks have edged higher.

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