December 27, 2012

Market Pulse - Dec 27, 2012


Thu, Dec 27, 2012 at 16:30 PM
Markets slipped down.
Markets closed down amid profit booking in IT and index-heavy weights beside lack of concrete resolution to US budget negotiations also fanned risk-off sentiments. Investors off loaded IT stock on the last day of December derivatives expiry as concerns over companies' profitability in the coming quarters weighted on sentiments. Sensex down by 93.66 points or 0.48% at 19,323.80, while Nifty down by 35.50 points or 0.61% at 5,870.10. Sectoral wise, Auto, PSUs, IT, Metals, Consumer Durables, FMCG, Capital Goods all barred down. Mid-cap and Small-cap declined nearly 0.4-0.7%.

On the gainers list were, Tata Motors rising 1.3%, ONGC gaining 1%, Dr Reddy's adding 0.5% and Maruti Suzuki rising 0.15%. The other notable movers include, Aurobindo Pharma gained after the company said it has received final approvals from USFDA to manufacture and market Nafcillin Injections in the United States. Clariant Chemicals (India) moved higher by 3% to Rs 639 after the company said that SK Capital has agreed to purchase textile chemicals, paper specialties and emulsions businesses for an undisclosed amount. Manaksia soared % to Rs 50 on the NSE, ahead of the board of directors meeting today to consider restructuring plans of the company. Hotel Leelaventure surged 2% to Rs 30 on back of heavy volumes on reports that Reliance Industries (RIL) will buy the company’s business park in Chennai for Rs 172 crore. Kalpataru Power Transmission ended higher by 3% at Rs 92 after the company said it has received new orders worth over Rs 955 crore for supply and installation of transmission lines.

While on looser list were, BHEL felling 2%, Reliance Industries declining 1.2%, while Jindal Steel, Sterlite and Hindalco Industries declining over 1.5% each in Metal sector. In Auto sector, Bajaj Auto was down 0.3%, Mahindra & Mahindra and Hero MotoCorp felling 1% and 0.3% while ICICI and HDFC Bank declining 1% and 0.3%.

The overall market breadth was weak as 1,666 stocks declined while 1,230 stocks advanced.

Thu, Dec 27, 2012 at 15:30 PM
Markets slipped down.
Markets after a firm positive start early in the morning could not hang on to it and slipped down paring early morning gains. Risk appetite was also frail on fear US may slip into recession as US 'fiscal-cliff' talks stalled. Sensex down by 81.76 points at 19,335.70 (provisionally), while Nifty down by 35.50 points at 5,870.10 (provisionally).

Oil, IT and Metal Stocks lost notable ground, also FMCG, Capital Goods and Realty stocks too mostly ended weak. Pharma stocks failed to hold early gains. Power, automobile and bank stocks found some support, but ended off their highs. Mid-cap and small-cap stocks too closed on a weak note.

The market breadth was weak.

Thu, Dec 27, 2012 at 14:15 PM
Markets slightly negative.
Markets after positive start, is trading slightly in negative zone. Sensex is down by 12.86 points or 0.07% at 19,404.60, while Nifty is down by 9.45 points or 0.16% at 5896.55.

Automobile and Healthcare stocks are finding modest support. Power, Bank, Oil and Metal stocks are mostly off from their high levels. FMCG, Capital Goods and Realty stocks is also off the day's highs. IT and Consumer Durables stocks are also trading weak amid lackluster moves.

BHEL is trading lower by more than a percent along with Mahindra & Mahindra, Hindustan Unilever, Coal India, Tata Consultancy Services, Sun Pharmaceutical Industries, Infosys and HDFC are down 0.3% - 0.8%.

Thu, Dec 27, 2012 at 13:00 PM
Markets flat in noon deals.
Markets trading almost on an absolutely flat note with volatility in the market, as traders rolling over position in the futures & options (F&O) segment of December 2012 series to January 2013 series. Sensex unchanged at 19,418, while Nifty flat at 5,902.

Sector wise, Auto stocks rose as auto companies will start unveiling sales data for December 2012 from 1 January 2013. On the other hand, Consumer Durables, FMCG and IT indices are trading marginally lower.

BHEL is the loser down by 1.2% at Rs 227, following it are Coal India, Mahindra & Mahindra, ICICI Bank and Hindustan Unilever are down half a per cent each.

On the gaining side, Tata Motors has moved up 2% at Rs 312, along with Dr Reddy's. ONGC, Maruti Suzuki and Tata Steel have added 1-1% each. Aurobindo Pharma gained after the company said it has received final approvals from USFDA to manufacture and market Nafcillin Injections in the United States.

Overall market breadth is neutral. Out of 2,706 stocks traded, 1,197 shares have advanced while 1,351 shares have declined.

Thu, Dec 27, 2012 at 12:15 PM
Markets pares early gains.
Markets which opened positive early in the morning is trading flat, due to December 2012 derivatives expiry day.

Sectoral wise, Bank Oil, Metal and capital goods stocks are trading mixed. Realty sector which saw some buying early in the morning have turned a bit negative. Not much buying is happening in Mid-cap and Small-cap segments.

Tata Motors is trading firm with a gain of 2.2%. Lupin is up 1.6% and Axis Bank is trading 1.2% higher, while Maruti Suzuki, Punjab National Bank and Tata Steel are up nearly a percent. IDFC, State Bank of India, Cipla and Dr Reddy's Laboratories are up with modest gains.

Thu, Dec 27, 2012 at 12:00 PM
Markets trading in a tight range.
Markets are trading flat with positive bias ahead of December 2012 F&O expiry along with hopes of quick resolution to US 'fiscal-cliff' issue. Sensex which rose to 19,504.40 is now up by 10.38 points or 0.05% at 19,427.84, while Nifty up by 3.25 points or 0.05% at 5,909.25, off from early high of 5,930.80.

Sectoral wise, Realty, Auto and Metal indices surging by almsot 1% each and Healthcare, PSU, Banks, Capital Goods and TECk are trading marginally higher, while IT, FMCG, Oil & Gas and Consumer Durable have declined slightly. Mid-cap and Small-cap indices have gained between 0.1-0.4%.

Gainers include Tata Motors, Tata Steel, Maruti Suzuki, Sterlite and Hindalco, all surging between 1-2%.

Whereas, loosers were, Coal India, ITC, HDFC and RIL have declined between 0.2-1%.

The overall market breadth in remains positive with 1068 shares advancing and 768 shares declining.

Thu, Dec 27, 2012 at 10:30 AM
Markets pare some gains.
Markets after firm positive start, is now trading flat on derivatives expiry day, with traders rolling over their monthly derivatives position to next month January 2013 series.Sensex up by 9 points at 19,426, while Nifty up by 1 point at 5,907.

The scheduled meeting of Prime Minister Manmohan Singh with top government officials on the next five-year plan will set the outlook for various sectors that need focus from the government, traders said.

Sector wise, Realty, Auto and Metal indices surging by almost 1% each and sectors like Healthcare, PSU, Banks, Capital Goods and TECk are trading marginally higher, while sectors like Counters like IT, FMCG, Oil & Gas and Consumer Durable have declined slightly. Mid-cap and Small-cap indices have gained between 0.1-0.4%.

Gainser for this session include Tata Motors, Tata Steel, Maruti Suzuki, Sterlite and Hindalco, all surging between 1-2%. Among other shares, Hindustan Oil Exploration Company (HOEC) has rallied 20% to Rs 121 in opening deals on the on reports that Eni, the Italian petroleum exploration and production firm, which holds 47.18% stake in the company is talks with US- based Anadarko Petroleum Corporation to sell its entire stake. Berger Paints is trading higher by 2.5% at Rs 164, extending its past two-days 8% rally, after the company said that UK Paints India has acquired an additional 0.35 million shares in the company from open market purchase.

Loosers for this session were Coal India, ITC, HDFC and RIL, declining between 0.2-1%.

PC Jewellers has listed at Rs 137, a marginal 1.5% premium against its issue price of Rs 135.
The overall market breadth in remains positive with 1068 shares advancing and 768 shares declining.

Thu, Dec 27, 2012 at 10:00 AM
Markets pare some gains.
Markets after positive start, pares some gains with Tata Motors and Maruti Suzuki edging higher in early trades. Sensex which rose to 19,504.40 is now up by 18 points or 0.08% at 19,435.46, while Nifty up by 5.65 points or 0.1% at 5,911.25 at 5,911.25, off from early high of 5,930.80

Thu, Dec 27, 2012 at 09:30 AM
Markets open positive.
Markets opened up led by a select Pharma, Realty, Power and Metal sectors edging higher in early trades. Sensex up by 36 points or 0.81% at 19,453.72, while Nifty up by 8.40 points or 0.14% at 5,914.

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