December 22, 2012

Market Pulse - Dec 21, 2012


Fri, Dec 21, 2012 at 16:00 PM
Markets end lower.
Markets extended losses to end over 1% lower, amid weak global cues, dragged by index heavyweights Reliance Industries Ltd and banking shares. Sensex which touched an intra-day low of 19,221 ended down 212 points at 19,242, while Nifty which touched an intra-day low of 5,842 ended lower by 69 points at 5,848.

Sectoral wise, Realty index was down by almost 4% followed by Metal, Healthcare, Capital Goods, Power and Oil & Gas, all down by nearly 2% each. The broader markets underperformed the benchmark indices. Mid-cap and Small-cap indices plunged by almost 1.5% each.

Among metal shares, JSPL was the top Sensex loser, down nearly 4%. Sterlite and Hindalco slipped between 2-3%. From the Realty space, Prestige Estates, DLF, HDIL and Prestige Estates fell between 2-5%. Index heavyweight Reliance Inds plunged nearly 2%. ONGC has slipped over 1%. Banks which are a proxy to the economy also faced the brunt of selling pressure. SBI, ICICI Bnak and HDFC Bank fell between 1-2%. Auto shares like Tata Motors, M&M, Maruti Suzuki and Bajaj Auto declined between 1-2%. Other prominent losers included Sun Pharma, DRL, BHEL, L&T, Tata Power, Cipla and CIL.

Bharti Airtel declined by over 3%, amid reports of Central Bureau of Investigation (CBI) filed charges against Bharti Airtel Ltd and Vodafone Group Plc's India unit today as part of a probe into alleged corruption in allocation of mobile phone airwaves a decade ago, a lawyer said.

Overall breadth in market ended dismal as 1,937 stocks are declining while 979 are advancing.

Fri, Dec 21, 2012 at 09:30 AM
Markets open lower.
Markets drifted lower in early trades this morning, tracking weak cues from Asian markets. Sensex, which tumbled to around 19,318, is now down 106 points or 0.55% at 19,348, while Nifty is down 37 points or 0.6% at 5879.40.

Oil, realty, metal, FMCG and power stocks are among the notable losers, along with Bank, capital goods and automobile stocks too have opened on a weak note. Only select IT and pharma stocks have edged higher.

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