December 26, 2012

Market Pulse - Dec 26, 2012


Wed, Dec 26, 2012 at 14:15 PM
Markets ended up.
Markets after opening positively and sustaining the early noon gains ended up. Risk appetite was firm on hopes of growth recovery in Asia after minutes of Bank of Japan monetary policy hinted towards easing. Meanwhile, hopes of quick resolution to US 'fiscal-cliff' issue after President Barack Obama cut short his Christmas holidays, also supported risk-on sentiments. Sensex closed up by 162.37 points or 0.84% at 19,417.46, while Nifty ended up by 49.6 points or 0.84% at 5,905.60.

Sector wise Capital Goods, Power, Pharmaceuticals, Metal, Banks indexes lead the gain while IT was only sector declined. Mid-cap and Small-cap gained nearly 0.4-0.7% each.

Among key stocks, Bharti Airtel gained 3%, Sterlite Industries rose 1% and Jindal Steel gained 2% in Metal sector, whereas among Bank sector, SBI and ICICI rose nearly 2% while HDFC Bank closed up 1%, while among Auto sector, Bajaj Auto gained 2% and Mahindra & Mahindra rose 1%. Reliance Industries, gained 1% on reports that a panel appointed by the government had recommended a pricing formula that could sharply raise the prices of natural gas.

The other notable movers include, Credit Analysis and Research Limited (CARE) which traded at Rs 925, a 23% premium against its issue price of Rs 750 per share. Binani Industries rose 8% to Rs 142.20 after its Board gave an in-principle approval to divest its holding in subsidiary firm Binani Cement by up to 40%. Essar Ports ended up 1.2% at Rs 95.80, extending its Monday’s over 2% gain after the company announced the commissioning of its 16 million metric tonnes per annum (MMTPA) dry bulk terminal at Paradip in Odisha, taking the aggregate handling capacity of the company to 104 MMTPA. Glenmark Pharmaceuticals rallied over 4% to Rs 540.85, its highest level since September 2008 on back of heavy volumes on the NSE. The stock opened at Rs 522 and has seen a combined 1.28 million shares changing hands on the counter so far compared to less than one million shares that were traded daily in past two weeks.

On the losing side, Hindustan Unilever fell 1.4%, Tata Motors and Hero MotoCorp fell 0.4% and 1% while TCS, Infosys declined 0.1-0.3%. Suzlon Energy dipped 2% at Rs 17.60 in an otherwise firm market after the company said that its promoters have sold part of their stake to raise around Rs 63 crore for corporate debt restructuring (CDR) process.

The overall market breadth was strong as 1,522 stocks advanced while 1,417 stocks declined.

Wed, Dec 26, 2012 at 15:30 PM
Markets closed on a firm note.
Markets closed higher due largely on some hectic short covering ahead of F&O expiry. Sensex ended at 19,421.04 (provisional) with a gain of 165.95 points or 0.86%, while Nifty closed at 5905.60 (provisional) up 49.85 points or 0.85%.

Sectoral wise Capital Goods and Bank stocks had a good session, along with Realty, Power, Oil and Pharma stocks also posted notable gains. Metal stocks too found some support. FMCG and Automobile stocks ended on a mixed note. Information technology stocks were mostly subdued.

While several midcap stocks ended with strong gains, smallcaps closed off their highs.

The market breadth was slightly positive.

Wed, Dec 26, 2012 at 15:00 PM
Markets trading firm.
Markets continued to trade firm in late-afternoon trades led by buying in index heavy-weights such as Reliance Industries, ICICI Bank, among others. Sensex is up by 183.29 points or 0.95% at 19,438.38, while Nifty is up by 51.75 points or 0.88% at 5,907.75.

Sectoral wise, Consumer Goods, Pharmaceuticals, Metal, Real-Estate, Banks indexes lead the gain, while IT declined. Mid-cap and Small-cap gained nearly 1%

Among key Sensex stocks, Bharti Airtel gained 3%, Sterlite Industries and Jindal Steel gained nearly 2% while Hindalco Industries rose 1% in Metal sector. Among Banks sectors, SBI and ICICI rose nearly 2%, while in Auto sector, Bajaj Auto gained 2% and Mahindra & Mahindra rose 1%. On the other hand, Tata Motors and Hero MotoCorp fell 0.6% and 0.3% while TCS, Infosys declined 0.1%.

Reliance Industries, the owner of world's biggest refining complex in Gujarat, surged 1.4% on reports that a panel appointed by the government had recommended a pricing formula that could sharply raise the prices of natural gas.

The other notable movers include, Credit Analysis and Research Limited (CARE) which is trading at Rs 925, a 23% premium against its issue price of Rs 750 per share.

Binani Industries has surged 9% to Rs 142.50 in opening deals after its Board gave an in-principle approval to divest its holding in subsidiary firm Binani Cement by up to 40%.

Essar Ports is trading higher by 3% at Rs 97.30, extending its Monday’s over 2% gain after the company announced the commissioning of its 16 million metric tonnes per annum (MMTPA) dry bulk terminal at Paradip in Odisha, taking the aggregate handling capacity of the company to 104 MMTPA.

Glenmark Pharmaceuticals rallied over 5% to Rs 547, its highest level since September 2008 on back of heavy volumes on the NSE. The stock opened at Rs 522 and has seen a combined 1.28 million shares changing hands on the counter so far compared to less than one million shares that were traded daily in past two weeks.

Suzlon Energy has dipped over 3% at Rs 17.30 in an otherwise firm market after the company said that its promoters have sold part of their stake to raise around Rs 63 crore for corporate debt restructuring (CDR) process.

Wed, Dec 26, 2012 at 14:15 PM
Markets sustains day's high.
Markets which opened positive and gained day's high by early noon trades has managed to sustain the early gains. Sensex is now up by 187.25 points or 0.97% at 19,442.34 from its previous closing mark, while Nifty is up by 55.80 points or 0.95% at 5911.55.

Among the stocks in the Capital Goods index, BHEL, Larsen & Toubro, AIA Engineering, AIL, Bharat Electronics, Crompton Greaves, Jindal Saw, Lakshmi Machine Works, Punj Lloyd, Siemens and Thermax are trading higher by 1% - 3%.

In the metal space, Sterlite Industries, Sesa Goa, Bhushan Steel, Jindal Steel & Power and JSW Steel are up 1% - 2%. Hindalco, NMDC, SAIL and Tata Steel are up with modest gains.

State Bank of India and ICICI Bank are up 1.8% and 2.2%, respectively. Axis Bank, HDFC Bank, Bank of India, Bank of Baroda, Canara Bank, Federal Bank, Kotak Bank, Union Bank of India and Yes Bank are also up in positive territory with notable gains.

Wed, Dec 26, 2012 at 13:00 PM
Markets at day's high.
Markets have spurted in noon trades backed by Realty, Bank and Metal shares. Sensex, after opening at 19,302 has surged by 194 points to 19449, while Nifty up by 57 points at 5,912.

Realty index has jumped by 1.6%, while Capital Goods, Bankex and Metal shares are up by around 1.5% each. However, IT sector is the only one trading in red down by 0.11%.

Bharti Airtel has added 2.5% to Rs 317. Sun Pharma is up 2.3%, followed by Bajaj Auto, Sterlite and Jindal Steel. Banking shares - ICICI Bank and SBI are up 2% each. Market heavyweight, Reliance is up 1.7% at Rs 834. Hindustan Unilever is down 1.2% at Rs 524. Hero MotoCorp, Wipro and Infosys are down by 0.50% each. Tata Steel rose 0.27%. The company said some contract workers and the company's security personnel clashed at its factory in Jamshedpur town on Monday. Cigarette maker ITC was down 0.28% to Rs 286.20. The Ministry of Health and Family Welfare in October 2012 notified new pictorial health warnings to be depicted on tobacco product packs which will come into effect from 1 April 2013.

BSE market breadth was positive. Out of 2,728 stocks traded, 1,472 shares have advanced while 1,117 have declined.

Mon, Dec 26, 2012 at 12:00 PM
Markets consolidate gains.
Markets have consolidated gains and trading near day's high in early noon deals, amid positive cues from Asian markets. Sensex is now up by 173.62 points or 0.9% at 19,428.71, while Nifty is up by 47.70 points or 0.8% at 5902.95.

Bharti Airtel is up nearly 3% at Rs 317.85, on sustained buying at the counter. Sterlite Industries has gained 2.5%. Larsen & Toubro, Bajaj Auto, Sun Pharmaceutical Industries, Jindal Steel & Power, Tata Power, ICICI Bank, GAIL India, Mahindra & Mahindra, Hindalco, HDFC, BHEL, Reliance Industries and State Bank of India are all trading higher by 1% - 2%. ONGC, Tata Steel, Cipla, NTPC and HDFC Bank are up with modest gains.
Wed, Dec 26, 2012 at 10:15 AM
Markets consolidating.
Markets consolidated gains in early morning trades as investor's traded cautious on concerns over looming US 'fiscal-cliff' issue coupled with Futures and Option's expiry for December derivative contracts tomorrow. Sensex up by 46.21 points at 19,302.94, while Nifty up by 10 points at 5,865.95.

Sectoral wise Consumer Goods, Pharmaceuticals, Metal, Real-Estate, Banks indexes lead the gain while fast moving Consumer Durable Goods and IT declined. Mid-cap and Small-cap gained nearly 0.5%.

The overall market breadth is strong as 1,136 stocks advanced against 700 stocks declined.

Wed, Dec 26, 2012 at 09:30 AM
Markets opened positive.
Markets opened on a positive note this morning, amid a slightly steady trend in Asian markets. Sensex, which rose to 19,321.41, is now up 47.21 points or 0.25% at 19,302.30, while Nifty is up 11.55 points or 0.2% at 5867.30.

Oil, Metal, Realty and Pharma stocks are edging higher along with select Consumer Durables, Capital Goods and Power stocks are also moving up.

IT and Bank stocks have opened on a mixed note, while Automobile and FMCG stocks are a bit subdued.

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