07 January, 2013

Market Pulse - Jan 07, 2013


FII & DII data
Foreign institutional investors ( FIIs) were net buyers of Rs 963.05 crore (provisional) today, while Domestic institutional investors (DIIs) were net sellers of Rs 901.16 crore today.

FIIs made gross purchases of Rs 3,132.90 crore, while gross sales totaled Rs 2,169.85 crore.

DIIs made gross purchases of Rs 935.63 crore, while gross sales totaled Rs 1,836.79 crore.

Mon, Jan 07, 2013 at 17:00 PM
Markets ends in red.
Markets after gaining early erased its gains to close at day's low, amid profit booking by investors in select sectors. Markets opened high on hopes of global growth recovery after better than expected US ecomonic data. Sensex aftergaining a high of 19,856 ended down by 93 points at 19,691, while Nifty closed at 5,988, down by 28 points.

Sectoral wise, Capital Goods index slipped by 1.5%, FMCG, Consumer Durables, Realty and Bankex were also down by 0.6-1% each. However, Oil & Gas index gained by 1%.

Market heavyweight, Reliance Industries slipped 0.6% at Rs 855, after gaining in early trades. Petroleum minister, M Veerappa Moily, has allowed Reliance Industries and Cairn India to explore oil and gas within producing fields, subject to conditions. Cairn India, meanwhile was up 1.5% at Rs 343.

IT pivotals rose on positive economic data in the US, the biggest outsourcing market for the Indian IT firms. Infosys was up 1% at Rs 2374 before announcing quarterly results on Friday, Jan 11, 2013. Wipro was and TCS were flat at Rs 404 and Rs 1,291, respectively.

Auto stocks continue to outperform since early trades on hopes of robust earnings growth in the third quarter. BSE auto index was up 0.4% at 11,634. Maruti Suzuki advanced 2.5% to Rs 1584, its highest level since December 15, 2009 on the BSE, on hopes of strong net profit growth in Q3 on account of the low base of last year and sharp revival in volumes post the Manesar strike. Mahindra & Mahindra added 1%, followed by Hero MotoCorp up 0.7%.

Cipla surged 1.7% at Rs 423. ONGC, Tata Steel and Sun Pharma were up over 1% each. On the other hand, Larsen & Toubro slipped 2.3% at Rs 1,589. HDFC was down 1.5% at Rs 824. Hindustan Unilever, HDFC Bank and Tata Power were down around 1% each.

The overall market breadth was slightly weak.

Mon, Jan 07, 2013 at 14:00 PM
Markets in loosing morning gains.
Markets have turned negative, amid profit booking by investors in select sectors. Sensex is at 19,754.57, down by 29.51 points or 0.15% from its previous closing mark, while Nifty is down by 11 points or 0.18% at 6005.15.

Maruti Suzuki is up 3.3% on expectations of strong results. Cipla is up nearly 3% and Cairn India is trading higher by a little over 2%. Hindalco, ONGC and Reliance Infrastructure are up by around 1.5%.

Mon, Jan 07, 2013 at 13:00 PM
Markets trading in a range.
Markets trading in a tight range, oscillating between negative and positive zone. Sensex is down by 10 points at 19,774, while Nifty is down by 5 points at 6,012.

Sectoral wise, Healthcare, Auto, Oil & Gas and Metal indices have surpted by nearly 1% each, while Capital Goods index is down by almost 1%.

Auto stocks continue to outperform on hopes of robust earnings growth in the third quarter. Maruti Suzuki, M&M and Hero Moto have declined between 1-3%. Pharma shares like Cipla and Sun Pharma have gained between 2-3%. Other notable gainers include Hindalco, ONGC, Infosys, Bharti Airtel, Wipro and JSPL.

Among other shares, Geometric has rallied 5% to Rs 110, extending its 4% gain in the past two trading sessions, after IT consulting and software company said that its German subsidiary, Geometric Europe GmbH has acquired 3Cap Technologies GmbH (3Cap), a Munich, Germany-based specialist in electronics engineering for the automotive industry. State-owned oil marketing companies like Hindustan Petroleum Corporation (HPCL),Bharat Petroleum Corporation (BPCL) and Indian Oil Corporation (IOC) have rallied up to 6% in noon deals on hopes of hike in diesel price by Re 1 per month.

Stock on losing side are, L&T, HDFC, HDFC Bank, Coal India and HUL have declined by 1% each.

The market breadth in BSE remains healthy with 1,635 shares advancing and 1,073 shares declining.

Mon, Jan 07, 2013 at 12:00 PM
Markets turn slightly negative.
Markets have turned slightly negative, amid profit booking by investors in select sectors. Sensex is down with a slender loss now, while Nifty is down 1.20 points at 6014.95.

Automobile, metal, healthcare and select oil, consumer durables and information technology stocks are trading higher. Realty, capital goods and bank stocks are mostly subdued. FMCG and power stocks are finding modest support.

BPCL is trading stronger by 3.7%. Maruti Suzuki is up by a little over 3%, amid expectations of buoyant quarterly results. Cairn India, Hindalco, Cipla, Sun Pharmaceutical Industries, ONGC, Mahindra & Mahindra, Reliance Infrastructure, Wipro and Jindal Steel & Power are up 1% - 2.3%.

The overall market breadth is positive as 1585 stocks are advancing while 916 are declining.

Mon, Jan 07, 2013 at 11:30 AM
Markets trading flat.
Markets are trading flat in early noon deals, after booking profits in select sectors were seen. Sensex is down by 4 points at 19,779, while Nifty is also down by 4 points at 6,012 levels.

Realty, Capital Goods, Metal, Banking and Power stocks are witnessing selling pressure, amid profit booking. Mid-caps and Small-cap have outperformed benchmark index and has gained 0.60% and 1% respectively.

Stocks among loosers are, Phoenix Mills, Godrej Properties, Unitech, DLF, HDIL, Parsvnath Developers and Indiabulls Real Estate, HDFC, Larsen & Toubro, Coal India, HDFC Bank, HUL, Tata Power, Jindal Steel and NTPC are trading lower by 0.5-1% each.

Stocks among gainers are, Exide Industries, Mahindra & Mahindra, Hero MotoCorp, Tata Motors, Ashok Leyland, Bajaj Auto, Cipla, Sun Pharma, ONGC, Hindalco, Wipro, Dr Reddys Labs, Bharti Airtel and Infosys.

The overall breadth is positive as 1585 stocks are advancing while 916 are declining.

Havells India Limited rises.
Havells India Limited is trading higher by 3%, after electric equipment and product maker said that it has entered into a revised trademark license agreement with one of its promoter companies - QRG Enterprises Ltd, which owns the brand name/ trade mark ‘Havells’, will be transferred for no consideration with effect from April 01, 2016. The existing trademark license agreement between the companies is expiring in financial year 2015-16.

Havells India Limited is a $1.3 billion leading fast moving electrical goods (FMEG) company and a major power distribution equipment manufacturer with a strong global footprint. It has 10 manufacturing facilities in India in various states, including Himachal Pradesh, Uttar Pradesh and Rajasthan.

Mon, Jan 07, 2013 at 10:00 AM
Markets trading range bound.
Markets trading range-bound in early morning trades, amid positive US economic data fueling hopes of global growth recovery, however, gains are capped on caution ahead of third quarter earning. Sensex is up by 13.33 points or 0.08% at 19,797.41, nearly 60 points down from an early high of 19,856.43, while Nifty is up by 2.85 points or 0.05% at 6,019, after rising to 6,042.15.

Sectoral wise, except Real-Estate, Capital Goods, FMCG, Bankex, Oil & Gas, PSU, Automobile, Healthcare, Metals, Consumer Durables lending the gains. Mid-caps and Small-caps indices outperformed benchmark indices by gaining nearly 0.6-0.7%.

Maruti Suzuki is up more than 2.5% with fairly good December sales data aiding sentiment. Mahindra & Mahindra and Hero Motocorp are up 1.2% and 1%, respectively, while Tata motros is trading 0.7% up. Bajaj Auto, however, is trading weak.

ONGC, Wipro, GAIL India, Cipla, Sun Pharmaceutical Industries, Hindalco, Reliance Industries, ITC, Sterlite Industries, Bharti Airtel, Tata Steel and State Bank of India are also trading notably higher.

Overall market breadth is positive, out of 1,901 stocks traded, 1,258 stocks gaining as compared to 546 declining.

Mon, Jan 07, 2013 at 09:30 AM
Markets trading marginally up.
Markets opened marginally up, amid cautious trades this morning. Sensex is up by 15.61 points or 0.08% at 19,799.69, off an early high of 19,856.43, while Nifty, which rose to around 6042, is now at 6021, up 4.85 points or 0.08%.

Oil, Automobile, PSU and Healthcare stocks are edging higher, while Realty, FMCG, Bank and Capital goods stocks are off to a subdued start. IT stocks too have opened on a subdued note.

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