January 17, 2013

Market Pulse - Jan 17, 2013


Thu, Jan 17, 2013 at 16:30 PM
Markets ends higher.
Markets closed higher, after opening flat traded almost flat in morning session, as buying interest was seen in OMC's, amid hopes of growth recovery after government partially deregulated diesel prices today. Sensex spurted by 146.40 points to end at 19,964.03, while Nifty gaining by 37.35 points to end at 6,039.20.

Sector wise, Oil & Gas, Real-Estate, IT, PSUs gained, while Capital Goods, FMCG, Banks, Consumer Durables and Healthcare indexes were down by. Mid-cap ended almost flat gaining by 0.2%, while Small-cap ended down by 0.02%.

HCL Technologies, rallied 5%, after reporting a better-than-expected 9% quarter-on-quarter (qoq) growth in consolidated net profit to Rs 965 crore for the second quarter ended December 31, 2012 (Q2). Revenue rose by 3% sequentially to Rs 6,274 crore during the recently concluded quarter.

Wipro gaining 3% ahead of its earnings for the third quarter ended December 2012 (Q3) which is to be announced tomorrow.

Oil Marketing Companies (OMCs) rallied after Government partially deregulated diesel prices today. Bharat Petroleum Corporation, Hindustan Petroleum Corp and Indian Oil Corp gained between 2-4%. Reliance Industries rose by 3% on hopes of improved refining margins by the world's biggest refiner in the third quarter after surge in GRMs by the Essar Oil.

Overall market breadth turned positive lately, of 3,020 stocks traded, 968 stocks gained compared to 960 declined.

Thu, Jan 17, 2013 at 15:30 PM
Markets ends higher.
Markets ended higher on hopes of growth recovery after government deregulated diesel prices today. Sensex rose by 130.32 points to end at 19,947.95 (provisionally), while Nifty gained by 37.35 points to end at 6,039.20 (provisionally).

Thu, Jan 17, 2013 at 14:00 PM
Markets gains.
Markets extended its gain after opening flat and trading almost flat in morning session has managed to trade higher, amid buying interest in IT, Oil & Gas and Auto sector. Sensex is up by 157 points at 19,976.19, while Nifty is up by 44 points at 6,046.

Sector wise, Oil & Gas, Real-Estate, Technology, IT, Banks gained while Metals, Capital Goods, Consumer Durables and Healthcare indexes dropped. Mid-caps and Small-caps are marginally up by 0.1%

Major gainers stocks at this hour are, ONGC and Bharti Airtel is up by 5% and 3% respectively, TCS, Infosys and Wipro are up by 1-2%, Reliance Industries is up by 2%, ITC is up by 0.8%, Tata Motors and Maruti Suzuki is up by 2% and 1%, and SBI, HDFC Bank is up 1%.

Major loser stocks at this hour are, Cipla and SunPharma down by 2% and 0.4%, Bajaj Auto & Hero MotoCorp down by 1%, ICICI Bank down by 0.17%, Hindalco Industries, Sterlite Industries and Jindal Steel down by 0.4-0.5%.

HCL Technologies, rallied up by 5%, after reporting a better-than-expected 9% quarter-on-quarter (qoq) growth in consolidated net profit to Rs 965 crore for the second quarter ended December 31, 2012 (Q2). Revenue rose by 3% sequentially to Rs 6,274 crore during the recently concluded quarter. Wipro is up by 3%, ahead of its earnings for the third quarter ended December 2012 (Q3) which is to be announced tomorrow.

Oil Marketing Companies (OMCs) rallied after Government partially deregulated diesel prices today. India's three-biggest OMCs namely Bharat Petroleum Corporation, Hindustan Petroleum Corp and Indian Oil Corp gaining between 2-4% respectively. Reliance Industries is up nearly by 2%, on hopes of improved refining margins by the world's biggest refiner in the third quarter after surge in GRMs by the Essar Oil.

Overall market breadth is negative, of 2,847 stocks traded, 1,446 stocks declined compared to 1,252 advanced on BSE.

Thu, Jan 17, 2013 at 13:00 PM
Markets trading firm.
Markets after opening flat and trading almost flat in morning session has managed to trade higher, amid buying interest in IT, Oil & Gas and Auto sector. Sensex is up by 74 points at 19,894, while Nifty up by 19 points at 6,021 levels.

Sector wise, IT index maintained its gain is up by 1.5%, Oil & Gas, Real-Estate, Auto and PSU indices are in positive zone, while Metal and Capital Goods indices are down by 1%.

HCL Technologies is up by 4.2%, Wipro is up by 3%, Tata Motor is up by 2.3%, ONGC, TCS, Maruti and Infosys are some of the other gainers.

Wipro is up by 3% ahead of its earnings for the third quarter ended December 2012 (Q3) which is to be announced tomorrow.

Among others shares, TTK Prestige is trading lower by 4%, after reporting almost 200 bps decline in operating margins for the third quarter ended December 2012 (Q3) due to product mix and seasonal promotions.

The market breadth in BSE remains weak with 1,407 shares declining and 1,187 shares advancing.

Thu, Jan 17, 2013 at 11:30 AM
Markets trading firm.
Markets after opening flat and trading flat for the morning session, has advanced a bit up. Sensex, which advanced to 19,895.94, is now up 64.35 points or 0.32% at 19,881.98, while Nifty is up 18.10 points or 0.3% at 6019.95.

Sector wise, IT index is up by 1.5%, Oil & Gas, Real-Estate, Auto and PSU indices are also positive. On the other hand, Metal slipped down by 0.7%, Capital Goods, Healthcare and Power indices are marginally down.

HCL Technologies is up more than 4% thanks to sustained buying at the counter on the back of buoyant quarterly results.

Wipro is up by 3%, ahead of its earnings for the third quarter ended December 2012 (Q3) which is to be announced tomorrow.

Tata Motors is up by 2.3%, ONGC, TCS, Maruti and Infosys are some of the other gainers.

On the other hand, Hindalco Industries is down by 1.8%, Sterlite, Cipla and Bajaj Auto are down between 1-1.5% respectively.

Overall market breadth is marginally negative, of 2467 stocks traded, 1217 shares have declined while 1106 shares have advanced.

Thu, Jan 17, 2013 at 10:30 AM
Markets trading flat.
MArkets after opened flat, continued to trade flat. Sensex is up by 26 points at 19,844, while Nifty is up by 7 points at 6,009.

Sector wise, IT index retained gains, is up 1%. Real-Estate, Auto, Oil & Gas positive are up between 0.4-0.8% respectively. Metals, Capital Goods, Health Care and Power indices are negative and down between 0.2-0.7% respectively. Mid-cap and Small-cap indices are merely up by 0.1% each.

Major stocks at this hour are, Wipro up by 4%, Suzlon Energy up by 4%.

Wipro up by almost 4% ahead of its earnings for the third quarter ended December 31, 2012 which to be announced tomorrow.

Suzlon Energy surged over 4% on back of heavy volumes on hopes of signing a corporate debt restructuring package with consortium of lenders.

Sandesh Limited tanked almost 15%, after its board fixed a maximum buyback price at Rs 302 per share through tender offer.

Thu, Jan 17, 2013 at 09:30 AM
Markets opened flat.
Markets after opening modestly higher, retreated this morning amid a mild bout of selling in some heavyweight stocks. Sensex, which declined to 19,783.41 after surging to 19,852.61, is now down by 12.60 points or 0.06% at 19,804.97, while Nifty is down 7.95 points or 0.13% at 5993.90.

IT, Auto and Real-Estate stocks are finding some support, while Metal, Bank and Power stocks are a bit weak.

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