January 18, 2013

Market Pulse - Jan 18, 2013


Fri, Jan 18, 2013 at 16:30 PM
Markets ended positive.
Markets opened firm in the morning session, but pared early gains before closing positive. Markets ended at fresh two-year high with Sensex notching key 20,000 resistance. Sensex gained by 75.01 points to end at 20,039.04, while Nifty rose by 25.20 points to end at 6,064.40.

Sector wise, Oil & Gas, PSU, Real-Estate, Power, Capital Goods, Banks gained, while IT, Auto, Metals and Healthcare indexes were weak. Mid-caps and Small-caps were down by 0.2-0.5% each.

Major gainer stocks were, ONGC and GAIL up by 7.3% and 3%, Reliance Industries gaining by 1%, SBI and ICICI Bank rising by 1%, Maruti Suzuki gaining by 3.2%, Coal India up by 0.7%

Major loser stocks were, Wipro drowned by 8%, while TCS and Infosys down by 1% and 0.3%, Bharti Airtel down by 1.5%, Dr Reddy's and SunPharma down by 2.6% and 0.5% respectively, Jindal Steel & Sterlite Industries down by 2%, HDFC Bank down by nearly 1%, Hero MotoCorp down by 3%, while Mahindra & Mahindra down by 2%.

Wipro down by 8%, fell on concerns the performance of the company's core IT services segment in third quarter was not as strong as expected. Wipro reported a net profit of Rs 1,716 crores for the third quarter of FY13 ended on December 31, 2012, registering a y-o-y growth of 18% when compared to the corresponding period last year.

ITC rose by 0.6% after diversified group reported a 20.62% rise in its standalone net profit at Rs 2,051.85 crore for the third quarter ended December 31, 2012 on the back of strong performance in cigarettes, agriculture and paper businesses.

HDFC Bank down by 1%, fell as lender's bad loans rose in the last quarter. Private-sector bank reported 30% increase in net profit at Rs 1,859 for the December quarter on the back of 24% growth in loan book. The bank's total income rose by 22% Rs 10,506 crore while net interest income (NII) was Rs 3,799 crore rising by 22% over the corresponding quarter last year.

Hero MotoCorp down over by 3%, after it missed estimates for the fourth straight quarter as net profit fell 20.4% on rising costs and falling sales that battered margins.

Oil Marketing Companies (OMCs) rallied after Government partially deregulated diesel price. ONGC spurted by 8%, Bharat Petroleum Corporation, Hindustan Petroleum Corp and Indian Oil Corp surged between 5-10%.

Hindalco Industries gaining by 0.5%, on reports that the company has acquired Alumina Refinery and Bauxite Mines from Novelis Do Brasil Ltd, a wholly subsidiary of Novalis Inc.

Exide Industries was down by over 9%, after reporting more than 100 bps year-on-year (yoy) decline in operating margins for the third quarter ended December 2012 (Q3) due to higher raw material cost.

Overall market breadth was negative, of 3,071 stocks traded, 1,090 stocks declined compared to 852 advanced.

Fri, Jan 18, 2013 at 15:30 PM
Markets ended positive.
Markets ended positive after paring some early gains, amid a batch of mixed results. Sensex, which rose to 20,126.55, ended at 20,015.82 (provisional) with a gain of 51.79 points or 0.26%, while Nifty closed at 6057.95, up 18.75 points or 0.31%.

Sector wise, Oil & Gas sector's stock flared up following the government deregulating diesel prices. Power, PSU sectors ended notably higher, Capital Goods, FMCG and Real-Estate ended modestly upward, Bank sector ended mostly flat, while Metal, Auto, Healthcare, Consumer Durables and IT ended weak. Mid-cap and Small-cap ended on a subdued note.

Fri, Jan 18, 2013 at 11:30 AM
Markets trading firm.
Markets notched up gains in late morning, after opening positive, amid buying support in OMC's, after government partially deregulated diesel prices yesterday. Sensex is up by 111.18 points at 20,069.03, while Nifty gaining by 30.05 points at 6,070.20.

Fri, Jan 18, 2013 at 10:30 AM
Markets opens higher.
Markets continued to trade in the positive trend, but gave off some of it's early gains. Sensex is up by 109 points at 20,086, while Nifty is up 34 points at 6,073.

Sector wise, Oil & Gas index has spurted by 3.2%, PSU, Capital Goods, Metal and Bank also gaining by between 0.3-2% each, while Auto and IT index are weak and trading down by 0.1% and 0.3% respectively.

Hero MotoCorp is down by 4%, Wipro is down by 3.8%, HUL, Bharti Airtel and TCS are among other losers.

ONGC has spurted by 8%, after the government has partially deregulated diesel prices. The price hike decisions have been left to the oil marketing companies. Gail, Hindalco and Maruti Suzuki are up by 1-5% each, Coal India and Bajaj Auto are among other key gainers. HDFC Bank and ITC are trading higher up by 0.6-0.7%.

Fri, Jan 18, 2013 at 10:00 AM
Markets opens higher.
Markets opened positive on the back of strong cues from global peers. Sensex is up by 129.02 points or 0.65% at 20,093.05, while Nifty is up 34.65 points or 0.57% at 6,073.65.

Sector wise, Oil & Gas index surged by 3.6%, PSU, Capital Goods, Metal and Bank also gained by 0.3-2% each, while Auto and IT index are showing weakness and by down 0.1 and 0.3% respectively.

India's third-largest software services provider Wipro has registered a rise of 18% in its consolidated net profit of Rs 1,716 crore for the quarter ended December 31, 2012. The company had posted a net profit of Rs 1,456 crore in the year ago period. Wipro was the biggest dragger among Sensex stocks - down 3.6% at Rs 415.

Hero MotoCorp is down 5.3% at Rs 1,722. India's largest motorcycle maker missed estimates for the fourth straight quarter on Thursday as net profit fell 20.4% on rising costs and falling sales that battered margins. Mahindra & Mahindra, Bharti Airtel and HUL are among the key losers.

ONGC has spurted 10% to Rs 346 after the government has partially deregulated diesel prices. The price hike decisions have been left to the oil marketing companies. Gail, Hindalco Industries and Maruti Suzuki are up between 1-5% each. Among other key gainers are Coal India and Bajaj Auto.

Reliance, ahead of its results, is up 1% at Rs 897. HDFC Bank and ITC are trading higher by 0.6%. Both companies will post their quarterly numbers later today.

Overall market breadth is positive, of 1495 stocks traded, 927 shares have advanced while 503 shares have declined.

Fri, Jan 18, 2013 at 09:30 AM
Markets opens higher.
Markets opened on a bright note. Sensex spurted to 20,087.03 up by 123 points or 0.61%, while Nifty is up by 36 points or 0.6% at 6075.20.

Sector wise, Metal, Capital Goods and Bank are among the other notable gainers, with FMCG and Real-Estate sectors too edging higher. Whereas IT, Auto and Healthcare sectors have opened on a mixed note.

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