January 28, 2013

Market Pulse - Jan 28, 2013

Mon, Jan 28, 2013 at 17:00 PM
Markets ended flat
Markets closed flat after opening positive in the morning, amid buying in rate sensitive stocks. Sensex closed down by 0.18 point at 20,103.35, while Nifty closed down by 0.2 point at 6,074.80.

Sector wise, Auto, Bank and Metal indices traded positively up between 0.5-1% respectively, IT stocks edged higher on renewed buying, while Real-Estate was up by 1.84%. Whereas Healthcare, PSU and Power closed down between 0.07-0.52% respectively.

Major stock gainers for the day were, Tata Motors gaining by 2.5%, Hero MotoCorp, Mahindra & Mahindra and Maruti Suzuki up between 0.5-2% each, Sterlite Industries and Hindalco Industries jumped up by 1.7% each, ICICI Bank and HDFC Bank up by 1.52% and 0.83%, Wipro and TCS gained by 1.82% and 0.44%, while DLF spurted by 2.75%.

Major stock losers for the day were, ONGC, Reliance Industries, drowned by 1.75% and 1.56% respectively, HUL, NTPC, State Bank of India, Larsen & Toubro, Sun Pharmaceutical Industries, Bharti Airtel, Jindal Steel and BHEL ended down between 1-.40% respectively.

Reliance Industries, which is sitting on over Rs 75,000 crore in surplus cash, today launched an issue of bonds in Hong Kong and Singapore markets to raise a minimum $500 million (around Rs 2,700 crore), company sources said.

Among other stocks, Cairn India gained by 1.5%, as US crude oil futures traded near the highest level in four months on speculation that a global economic recovery will boost fuel demand. Kernex Microsystems (India) up by 6.5%, Titagarh Wagons up by 2%, Kalindee Rail Nirman (Engineers) up by 6.2%, Stone India up by 6.2%. Bharti Airtel has moved Bombay to High Court against one-time spectrum fee. Everonn Education, Educomp Solutions, MT Educare, NIIT and Aptech have rallied up to 18% on the back of huge volumes.

Overall market breadth was positive, of 2,972 stocks traded, 1,203 shares advanced compared to 986 shared declined.

Mon, Jan 28, 2013 at 10:00 AM
Markets extend gains.
Markets edged higher after opening positive, ahead of RBI's policy review amid rate cut expectations. Sensex gained by 28 points at 20,131, while Nifty gaining 7 points at 6,081.10.

Sector wise, Real-Estate, Auto, IT, Consumer Durables, Banks indexes were positive, while Oil & Gas, Capital Goods, PSUs, Metals were trading negative. Mid-cap and Small-caps were also up by 0.4-0.7%.
< br/> Major stock gainers at this hour are, Maruti Suzuki and Hero MotoCorp gaining by 1.4%, Cipla rising by 1%, Wipro and TCS up by 1% and 0.5% respectively, Tata Motors was up by 0.6%, SBI, HDFC and ICICI Bank was up between 0.4-0.8% respectively. Major stock losers at this hour are, ONGC and Reliance Industries dropping by 1% each, NTPC down by 0.7%, Sun Pharma down by 0.75%, HUL shedding over by 0.5% respectively.

Other notable movers include, Jet Airways (India) which is trading higher by 3.3%, extending its Friday’s 4% gain, on reports that the country’s second-largest airline by passengers carried, will sell a 24% stake to Etihad Airways.

Mon, Jan 28, 2013 at 09:30 AM
Markets opened positive.
Markets have opened positive and edged higher amid cautious trades this morning. Sensex, which rose to 20,172.45, is now up by 17.05 points or 0.08% at 20,120.58, while Nifty is up by 3.60 points at 6078.25.

Sector wise, Real-Estate, Consumer Durables, Bank, Metal and Pharma stocks have moved up a bit, while Oil & Gas, IT and Capital Goods stocks are trading mixed.

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