31 January, 2013

Market Pulse - 31 Jan 2013


Thu, Jan 31, 2013 at 18:00 PM
Markets closed lower.
Markets closed lower, amid profit booking by investors coupled with looming concerns over global growth slowdown after weak economic data from US and Germany. Sensex closed down by 110.02 points or 0.55% at 19,894.98, while Nifty closed down by 21.25 points or 0.35% at 6,034.75

Sectoral wise, Real-Estate index was top gainer up by 1.38% followed by PSU up by 1.02%, FMCG, Healthcare, Power gaining between 0.61-0.36%, while IT, Bank, Auto and Metal sliding between 0.01-0.42% respectively. Mid-cap index gaining by 0.54%, whereas Small-cap slipped down by 0.11%.

Major gainer stocks for the day were, BHEL gained up by 2.5%, DFL Limited up by 1.87%, Hero Motocorp up by 1.31%, ITC gaining by 1.25 followed by GAIL (India) and Sun Pharmaceutical Industries up by 1.03% and 1.02% each, Coal India up by 0.80% and ONGC up by 0.44%, while State Bank of India inched up by 0.05%.

Major loser stocks for the day were, Tata Power fell by 2.17%, ICICI Bank and HDFC Bank down by 1.93% and 1.83% each, Bharti Airtel down by 1.52%, Reliance Industries down by 1.39%, HDFC fell by 1.37, L & T down by 1.35%, Maruti Suzuki, Jindal Steel and HUL slipped by 1.21%, 1.16% and 1% each.

The other key notable movers were, Colgate-Palmolive (India) slipped by 3%, after reporting 4% year-on-year (yoy) drop in net profit at Rs 111 crore for the third quarter ended December 31, 2012 (Q3) due to higher advertisement expenses.

ICICI Bank, fell by over 2% as investor's booked profits after upbeat results. ICICI Bank posted a 30% jump in net profit at Rs 2,250 crore for the quarter ended December 2012. It was Rs 1,728 crore in the same period a year ago.

Punjab National Bank has posted a net profit of 13% for the quarter ended December 2012, to Rs 1,306 crore from Rs 1,150 crore in the corresponding year ago quarter, stock spurted up by 10%.

DLF gained up by 2%, after company said it has sold the 150MW wind turbine project in Gujarat to Bharat Light and Power for Rs 282.30 crore as part of its strategy to exit from non-core businesses.

Tata Global Beverages gained up by 4%, after posting a 25% year-on-year (yoy) growth in its consolidated net profit at Rs 80 crore for the third quarter ended December 31, 2012 (Q3) due to improved performance in branded operations.

Thu, Jan 31, 2013 at 15:30 PM
Markets ended low.
Markets ended lower, on back of profit-booking witnessed in banking sector after upbeat third-quarter earnings amid concerns over global growth recovery. Sensex fell by 106 points to end at 19,899 (provisionally), while Nifty fell by 22 points to end at 6,033 (provisionally).

Thu, Jan 31, 2013 at 11:30 AM
Markets trading lack luster.
Markets continues to trade weak, amid weakness in Banking, IT and Metal indices. Sensex is down by 46 points at 19,958, while Nifty is down by 5 points at 6,051.

Sector wise, Real-Estate index up by 0.7%, Consumer Durables and PSU indices are marginally up. Whereas, Metal index has slumped by 0.5%, Bank, IT and Oil & Gas indices also down between 0.1-0.2% respectively. Mid-cap index gaining up by 0.14% and Small-cap index remained unchanged.

Major stock gainers are, BHEL gaining by 2%, Bajaj Auto and ONGC up by 1.5% each, followed by ITC and Maruti Suzuki.

Major stock losers are, Reliance has dropped by 1.3%, Tata Motors is down by 1%, HUL, Tata POwer and Sterlite Industries are down as well.

PSU OMCs extended Wednesday's gain on fresh buying. Oil India reversed fall after the company said that Government of India will sell 6.01 crore shares constituting 10% of the total paid up capital of the company via Offer for Sale through the stock exchanges mechanism.

Thu, Jan 31, 2013 at 09:30 AM
Markets open on a negative note.
Markets opened flat with a negative bias on caution ahead of derivaties cintract expiry. Sensex down by 17.72 points at 19,987.28, while Nifty down by 10 points at 6,045.65.

Sector wise, Healthcare, Consumer Durables, IT indices gaining, while Oil & Gas, Power indices declining. Mid-caps tad down by 0.01%, while Small-caps inched up by 0.1%.

Major stock movers were, Bajaj Auto gaining by 1%, Cipla up by 0.22%, HDFC and HDFC Bank inching uo by 0.3% each, Sterlite Industries up by 0.13%.

Major stock laggards were, Tata Power down by 0.7%, GAIL down by 0.5%, ICICI Bank shed by 0.47%, Larsen & Toubro and BHEL felling 0.5% and 0.4% each.

Overall market breath is positive, with 466 stock advancing compared to 309 stocks declining.

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