21 January, 2013

Market Pulse - Jan 21, 2013


Mon, Jan 21, 2013 at 15:30 PM
Markets closed firm.
Markets ended ended with moderate, aided by some good results and a firm trend in European markets. Sensex, which rose to 20,163.38 early, ended at 20,088.62 (provisional) with a gain of 49.58 points or 0.25%, while Nifty closed at 6080.25, up by 15.85 points or 0.26%.

Capital Goods, FMCG and Power stocks were among the other notable gainers. Metal, IT, Automobile and Bank stocks ended on a mixed note, while Healthcare and Real-Estate stocks were weak. Midcap and Small-cap stocks were mostly subdued.

Overall market breadth was slightly weak.

Mon, Jan 21, 2013 at 13:00 PM
Markets trade flat.
Markets are trading flat in noon deals after investors booked profits at higher levels in select sectors. Reliance Industries continues to trade on a strong note on the back of better-than-expected third quarter earnings. Sensex is up by 31 points at 20,069, while Nifty is up by 2 points at 6,066.

Sector wise, Oil & Gas index up by 1.6%, FMCG, Capital Goods and Power indices are also up by 0.3-1% each, while Real-Estate, Auto, Bank, Healthcare, IT and PSU indices are trading negative.

Major stock gainers at this hour are, BHEL, Bharti Airtel, Maruti Suzuki, Jindal Steel, HUL, Dr Reddy's Labs, L&T, ITC and Gail India are trading higher by 1-2% respectively.

Major stock losers at this hour are, Sun Pharma, Cipla, ICICI Bank, Tata Motors, Mahindra & Mahindra, Tata Power, TCS, Infosys, HDFC Bank, HDFC, ONGC and Bajaj Auto.

Finolex Industries has rallied 7%, after it reported a net profit of Rs 30.61 crore for the third quarter ended December 2012 (Q3) against loss of Rs 1.76 crore in year ago quarter, due to higher other income and lower interest cost.

Mon, Jan 21, 2013 at 11:30 AM
Markets continue trade firm.
Markets continued to trade firm, after opening positive, amid gains in index heavyweights like Reliance Industries and L&T. Sensex is up by 74 points at 20,113, while Nifty gaining by 13 points at 6,077.

Sector wise, Oil & Gas, Capital Goods, Power, Metal and FMCG indices are up by 0.3 to 2% respectively, while IT, Auto, Real-Estate and Bank indices were in the negative, down by 0.1 to 0.5% respectively. Small-caps gaining by 0.4% and Mid-cap index up by 0.1%.

Major stock gainers at this hour are, Reliance Industries, BHEL, Jindal Steel and Bharti Airtel up 2% each, Maruti Suzuki, L&T, Dr Reddys Lab Gail India up by 1% each.

Major stock losers at this hour are, Sun Pharma, TCS, Cipla, Mahindra & Mahindra, Tata Motors and ONGC down by 1% each.

Tecpro Systems spurted by 7%, after the company said that it has booked orders worth of Rs 2,300 crore so far in current financial year, compared to Rs 1,638 crore during the same period last year.

TV18 Broadcast up by over 4%, after reporting consolidated net profit at Rs 21.3 crore in the quarter ended December 31, 2012 against a net loss of Rs 53.5 crore in the year ago quarter, due to higher revenues and fall in operating expenditure.

Overall market breadth's positive, of 2339 stocks traded 1268 stocks advanced, while 1071 stocks declined.

Mon, Jan 21, 2013 at 10:30 AM
Markets trading firm.
Markets after opening positive are trading firm, amid hopes of growth recovery after better-than-expected results reported by key index companies. Sensex gained by 76 points and at 20,116.04, while Nifty rising by 15 points at 6,079.40.
,br /> Sector wise, Oil & Gas, Auto, Power, Capital Goods, Metals, PSU indexes are positive, while Consumer Durables, FMCG, Bank indexes are trading negative. Mid-caps and Small-caps indices are up by 0.4% each.

Major stock gainers at this hour are, ONGC, BHEL and GAIL up by 0.6%, 2% and 1% respectively, Reliance Industries gaining by 4%, Wipro rising by 1%, Sterlite Industries and Jindal Steel gained by 0.8% and 0.6% , Maruti Suzuki gaining 1.3%, while Hero MotoCorp rising by 0.6%, L&T was up by 0.5%.

Major stock losers at this hour are, HUL and ITC down by 1.3% and 0.2%, HDFC Bank down by 0.6%, TCS dropped by 0.7%, Bajaj Auto down by 0.5%, while Mahindra & Mahindra was down by 0.2%.

Reliance Industries Ltd, spurted by 4% after reporting its third straight quarterly net profit increase, at Rs 5,502 crore. Its gross refining margin-- at $9.6 per barrel--jumped 41 per cent as compared to the third quarter of financial year 2012.

Kolte-Patil Developers soared by 8%, after reporting almost five-fold jump in consolidated net profit at Rs 38.86 crore for the quarter ended December 31, 2012 (Q3) on back of higher sales income.

UltraTech Cement, down by 1% as its third quarter net profit dipped marginally to Rs 601 crore from Rs 617 crore in the same quarter last year on higher raw material and logistics costs.

Oberoi Realty is up by 2.3%, after reporting a 32% year-on-year growth in consolidated net profit to Rs 134 crore for the quarter ended December 31, 2012 on back of higher sales.

Oil marketing companies extend gains after the government's decision to allow higher diesel prices, Hindustan Petroleum Corp Ltd is up by 2.14%, Indian Oil Corp rising by 2%, while Bharat Petroleum Corp Ltd gaining by 2.8%.

State Bank of India, gaining by 0.7%, after it's board approved a capital infusion of Rs 3,004 crore by the government through preferential allotment of shares.

Overall market breadth is positive, of 1,763 stocks traded, 1,061 stocks advanced compared to 615 declines.

Mon, Jan 21, 2013 at 09:30 AM
Markets open positive.
Markets opened on a positive note, amid fairly strong result from Reliance Industries. Sensex, which rose to 20,163.38, is now up by 45.71 points or 0.23% at 20,084.75, while Nifty is up by 10.20 points or 0.17% at 6074.60, round 20 points off a high of 6094.35 it had touched in early trades.

Sectoral wise, Oil & Gas, FMCG, Auto, Power, Capital Goods, Metals gained, while IT, Banks, Real-Estate indexes are down. Mid-caps and Small-caps are almost flat up by 0.1% each.

Major stock gainers were, ONGC and GAIL up 0.6% and 1.4%, Reliance Industries gained 4.3%, Wipro rose 1.2%, Sterlite Industries and Tata Steel gained by 1% and 0.3% , among autos, Maruti Suzuki gained by 1% , Coal India was up by 0.1%.

Major stock losers were, HDFC Bank down by 1%, TCS and Infosys down by 0.7%, Bajaj Auto down by 0.7%, while Mahindra & Mahindra was down by 0.88%.

Reliance Industries Ltd, reported its third straight quarterly net profit increase, at Rs 5,502 crore. Its gross refining margin-- at $9.6 per barrel--jumped 41 per cent as compared to the third quarter of financial year 2012.

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