February 28, 2013

Budget 2013: Rupee at 3-week high; GDP data awaited - The Economic Times

Budget 2013: Rupee at 3-week high; GDP data awaited - The Economic Times
Rupee rose to 53.59/60 in opening trade, its highest since February 8 and stronger compared with its close of 53.86/87 on Wednesday.

Traders say a risk-on mood globally pushing the dollar lower, while market is also hopeful for a fiscally disciplined budget.

Asian shares and other risk assets rise as sentiment improves after US Federal Reserve Chairman Ben Bernanke reaffirms his commitment to strong stimulus, while a smooth debt sale calms fears over Italy's political turmoil.

Traders expect good support for the dollar around 53.55 levels, while month-end dollar demand from oil firms may also aid. * The December quarter GDP data due around 0530 GMT will also be watched for direction.

Source : The Economic Times

Market Pulse - 28 Feb, 2013


Thu, Feb 28, 2013 at 18:30 PM
Markets closed negative post Union Budget.
Markets which opened positive and firmed further in the morning session, cracked down after the Union Budget 2013-14 which failed to cheer investor's sentiment. Market's sentiment further dampened after higher-than-excepted borrowings and expenditure for 2013-14 raised worries of high inflatin and economy growth. Sensex closed down by 290.87 points or 1.52% at 18,861.54 after opening up by 112.39 points or 0.59% at 19,264.80 and touching day's high of 19,322.28 and low of 18,793.97, while Nifty ended down by 103.85 points or 1.79% at 5,693.05 after opening up by 37.45 points or 0.65% at 5,834.35 and touching high of 5,849.90 and low of 5,671.90 in the day.

Sector wise, barring Consumer Durables and IT index which closed up by 0.85% and 0.47% each, all other indices closed negative, leading the list was Power crashing down by 4.29%, followed by indices like Bank and Capital Goods slumped down by 3.59% and 3.39%, Metal, PSU and Real-Estate declining between 2-3% respectively, Oil & Gas down by 1.64%, Auto down by 0.89%, Halthcare and FMCG fell by 0.68% and 0.37% each. In broader market, both the indices Mid-cap and Small-cap ended negative. Mid-cap crashed down by 2.46%, while Small-cap declining by 1.97% each.

Major stock gainers were, Tata Consultancy Sservices gaining by 2.14%, Bharti Airtel up by 0.62%, Tata Motors gained up by 0.49%, Sun Pharmaceuticals up by 0.40% and Bajaj Auto up by 0.35%.

Major stock losers were, State Bank of India crashed down by -5.8%, Tata Steel Limited, Hindalco Industries and Sterlite Industries fell by -4.04%, -3.03% and -2.59%, ICICI Bank, HDFC Bank and HDFC declining by -3.86%, -2.67% and -2.32%, Maruti Suzuki, Mahindra & Mahindra and Hero MotoCorp fell down by -3.74%, -2.27% and -0.32%, L&T down by -3.17%, Jindal Steel & Power down by -2.91%, Tata Power down by -2.87%, BHEL fell by -2.54%, Hindustan Unilever declining by -2.17%, NTPC fell by -2.05%, Reliance Industries Limited down by -1.99%, Cipla Limited down by -0.96%, ONGC fell by -0.59%, Wipro Limited down by -0.51%, Dr Reddys Laboratories down by -0.47%, Coal India Limited down by -0.43%, Gail (India) fell by -0.33% and Infosys tad down by -0.27%.

Overall market breadth turned negative, with 1,973 shares declining compared to 857 shares advancing, while 101 shares remained unchanged.

Thu, Feb 28, 2013 at 10:30 AM
Markets continue to trade firm.
Markets continue to trade firm, ahead of the Union Budget which is to be announced later today. Sensex is up by 109 points at 19,261 after touching high of 19,322.28, while Nifty is up by 31 points at 5,828 after touching high of 5,849.90.

Sectoral wise all indices are trading positive, leading the list Real-Estate and Capital Goods index gaining by 1.75% and 1.36%, following indices were PSU, Metal, Power, Oil & Gas, Auto, Bank, IT, FMCG, Consumer Durables and Healthcare up between 1-0.20% respectively. In broader market both the indices Mid-cap and Small-cap were up by 0.50% each.

Major stock movers were, Coal India Limited surged up by 3%, ONGC gained up by 1.20%, Larsen & Tourbo gaining up by 1.60%, Tata Motors up by 1.50%, Wipro Limited, Bharti Airtel and Sterlite Industries are too up by 1%, while Maruti Suzuki, Dr, Reddys Laboratories, Caipla Limited, ITC and Gail (india) were trading weak.

Jet Airways surging up 7%, on reports that the company has sold (and leased-back for own use) three pairs of Heathrow Airport parking slots at London for $70 million to Etihad Airways.

Coal India Limited surged up by 3%, after company's charman said, they are aiming to acuiring at least one foreign coal asset in the fiscal year 2013-14.

ONGC gained by 1.20%, after the company reported that it has started supplying gas under direct marketing from its isolated fields in the K-G Basin to Steel Exchange India Limited.

Larsen & Toubro advanced by 1.60%, after securing orders woth Rs 1,504 crore during the ongoing month.

Tata Motors gaining by 1.50%, on news that company is readying a range of vehicles for Indian Defence forces, which includes sophisticated combat, tactical, logistical and armoured vehicles including high-end missile launchers.

Overall market positive breadth strengthen with 1198 shares advanced compared to 756 shares declined.

Thu, Feb 28, 2013 at 09:30 AM
Markets opened firm.
Market have opened firm, ahed of Union Budget which is to be announced later toady. Sensex opened up by 112.39 points or 0.59% at 19,264.80, while Nifty opened up by 37.45 points or 0.65% at 5,834.35.

Sector wise, Capital Goods index surged up by 1.20%, followed by indices were PSU, Real-Estate and Oil & Gas each up by 1%, while FMCG was weak and slipped marginally.

Major stock movers were, ONGC surged up by 2.6%, Larsen & Toubro, Coal India Limited and Tata Motors gaining between 1-2% each, Wipro Limited, Bharti Airtel and Sterlite Industries are up by 1% each, while Maruti Suzuki slipped down by 1.3%, Dr Reddy's Laboratories fell by 0.6%, ITC, Cipla Limited and GAIL (India) too are trading weak.

Overall market breadth is positive, with 997 shares advancing compared to 546 shares declining.

February 27, 2013

Rupee extends gains; share gains hurt

Rupee extends gains; share gains hurt - The Economic Times

Rupee extends gains to 53.84/85 as gains in the domestic sharemarket on optimism ahead of the budget hurt. It closed at 54.09/10 on Tuesday.

Traders say market hopeful of more pro-investment measures which will boost inflows into the country.

Dollar demand from oil companies, however, is expected to limit the downside. Traders do not expect the pair to drop below 53.75 during the session.

Local shares are up 0.5 per cent while Asian shares also rise following solid data in the US and Federal Reserve's affirmation of its commitment to monetary stimulus.

Source : Economic Times

Market Pulse - 27 Feb, 2013


Wed, Feb 27, 2013 at 17:30 PM
Markets recovers on hope of economic growth.
Markets gained on back of economy growth hopes, after government raised the growth projection for fiscal year 2013-14. Sensex closed up by 137.27 points or 0.72% at 19,152.41 after opening up by 75.18 points or 0.40% at 19,090.32 and clocked a high of 19,213.02 and a low of 18,997.82, while Nifty ended up by 35.55 points or 0.62% at 5,796.90 after opening up by 23.55 points or 0.41% at 5,784.90 and touched a high of 5,818.20 and low of 5,749.70 in the day.

Sectoral wise, barring Healthcare and IT which ended down by 0.04% and 0.96%, all other indices closed positive. Leading the list was Capital Goods closing up by 2.41% and 2.12% each, Oil & Gas, Metal and FMCG gained up between 1.17%-1.10% respectively, Power and PSU ending up by 1.04-1.03% each, Consumer Durables, Bank and Auto closed up by 0.87%-0.62% respectively. In broader markets, both the indices Mid-cap and Small-cap closed up by 0.74% and 0.20% each.

Major stock gainers were, Bharti Airtel surged up by 3.29%, Larsen & Tourbo up by 3.16%, Mahindra & Mahindra gaining up by 3.03%, ONGC gained up by 2.91%, Bajaj Auto up by 2.23%, BHEL gained up by 2.15%, Tata Steel, NTPC, ICICI Bank, Jindal Steel & Power, ITC and Sterlite Industries gained up between 2-1% respectively, Reliance Industries Limited up by 0.88%, HDFC up by 0.82%, Cipla Limited gaining up by 0.76%, Wipro Limited gained up by 0.71%, State Bank of India up by 0.68%, Hindalco Industries up by 0.44%, Hindustan Unilever up by 0.28%, Maruti Suzuki gaining up 0.22%, Tata Power and Sun Pharmaceuticals tad up by 0.10%.

Major stock losers were, Gail (India) fell by -1.72%, Infosys down by -1.56%, Tata Motors dropped by -1.11%, Coal India Limited fell by -1.08%, Hero MotoCorp down by -1.01%, HDFC Bank down by -0.92%, Tata Consultancy Services fell by -0.75% and Dr Reddys Laboratories fell by -0.61%.

As per government forecast Indian economy may grow at 6.1-6.7% for the fiscal year 2013-14. Further, the economic survey sees fiscal deficit for FY14 at 4.8%, while the current account deficit is seen at 4.6% and the tax mop for FY13 is significantly lower than budget estimate.

Overall market breadth was tad positive with 1,441 shares advancing compared to 1,359 shares declining and 130 shares remained unchanged.

Wed, Feb 27, 2013 at 12:30 PM
Markets gains after economic survey.
Markets extended it's gains after projection for fiscal year 2013-14 was raised by the government. Sensex gained by 115 points at 19,128.22, while Nifty gained by 29 points at 5,790.

The government forecast-ed that India's economy may grow at 6.1-6.7% for the fiscal year 2013-14.

Overall market breadth is negative with 1,401 shares declining compared to 1,044 shares advancing.

Wed, Feb 27, 2013 at 10:30 AM
Markets pares early gains.
Markets pared early gains and is trading in a narrow range, amid selling pressure ahead of Economic Survey which is to be tabled later today in the Parliament. Sensex is tad up by 2.86 points or 0.02% at 19,018, while Nifty tad down by 4.35 points or 0.08% at 5,757.

Sector wise, Auto, Healthcare and IT indices declined by almost 1% each, while FMCG and Capital Goods indices have gained by nearly 1% each.

The main losers on the Sensex at this hour include GAIL, Tata Motors, Dr Reddy’s, Hero Moto, Hindalco, Infosys, ONGC and M&M, all falling down between 1-2%.

Suzlon Energy surged by almost 8%, after company said that it has won 103MW (Megawatt) order from Oil & Natural Gas Corporation Limited (ONGC).

Ranbaxy Laboratories slumped lower by 4%, extended its previous day’s fall of about 4%, after company reported a lower-than-expected profit for the quarter ended December 31, 2012 (Q4).

CORE Education and Technologies drowned by 47%, on back of heavy volumes, despite the company's clarification that the pledged shares have not been sold in the open market.

Overall market breadth turned weak with 1,156 shares declining compared to 817 shares advancing.

Wed, Feb 27, 2013 at 09:30 AM
Markets opened higher.
Markets have opened higher ahead of Economic Survey which is to be tabled later today in the Parliament. Sensex opened up by 75.18 points or 0.40% at 19,090.32 is current at 19,086 up by 70.86 points or 0.37%, while Nifty opened up by 23.55 points or 0.41% at 5,784.90 is current at 5,781 up by 19.65 points or 0.34%.

Sector wise, Real-Estate index surged by almost 1.5%, followed by indices were Oil & Gas, Capital Goods, FMCG, Metal, Consumer Durable, Power, PSU and Bank all gaining between 1% each, while Auto and IT indices declined by 1% each.

Major stock movers were, gainers for this hours are Bharti Airtel, HDFC, Sterlite Industries, Reliance Industries Limited, BHEL, Jindal Steel & Power Limited, Hindalco Industries and Larsen & Tourbo and losers for this hour are Infosys, Tata Motors Limited, Mahindra & Mahindra, Hero Motocorp and Maruti Suzuki.

Bharti Airtel surged up by almost 3%, after Morgan Stanley raised it's rating from "equalweight" to "overweight", citing positive factors for the sector such as rising tariffs and data volumes, falling capital spending and eased competitive intensity.

Fairfield Atlas locked in upper circuit of 5%, after company's board approved the de-listing of the company received from parent company.

Overall market breadth is positive with 819 shares advancing compared to 369 shares declining.

February 26, 2013

Highlights of the Railway Budget 2013-14

Highlights of the Railway Budget 2013-14 - The Economic Times

Presenting his maiden railway budget, Railway Minister Pawan Kumar Bansal on Tuesday announced a slew of passenger-friendly measures including better e-ticketing facilities and no rail fare hikes.

Here is a look at the key highlights of his Rail Budget speech:
Thrust 1. Safety; 2. Consolidation; 3. Passenger Amenities; 4. Fiscal Discipline.

Some Achievements/Initiatives
○ IR enters the one billion tonne Select Club joining Chinese, Russian and US Railways;
○ IR also joins Select Club running freight trains of more than 10000 tonne load;
○ 'Fuel Adjustment Component' concept to be implemented linking tariffs with movement of fuel prices;
○ Target of Rs 1000 crore each fixed for Rail Land Development Authority and IR Station Development Corporation to be raised through PPP in 2013-14;
○ New fund - Debt Service Fund - to be set up to meet committed liabilities of debt servicing for WB and JICA loans for DFC and other future liabilities.
Measures for improving Safety & Security
○ Making a Corporate Safety Plan for a ten year period (2014-2024).
○ Elimination of 10797 level crossings during the 12th Plan and no addition of new LCs to the IR system henceforth.
○ Introduction of Train Protection Warning System on Automatic Signalling Systems.
○ Rigorous trials of the indigenously developed Train Collision Avoidance System.
○ Using 60 kg rails, 260 meter long welded rail panels and improved flash butt welding technology.
○ Introduction of 160/200 kmph Self Propelled Accident Relief Trains.
○ Induction of crash worthy LHB coaches with anti-climb feature.
○ Rehabilitation of identified 17 distressed bridges over next one year.
○ Provision of comprehensive fire and smoke detection systems.
○ Provision of portable fire extinguishers in Guard-cum-Brake Vans, AC Coaches and Pantry Cars in all trains.
○ Use of fire retardant furnishing materials in coaches.
○ Measures initiated to deal with elephant related accidents.
○ Four companies of women RPF personnel set up and another 8 to be set up to strengthen the security of rail passengers, especially women passengers.
○ Recruitment to RPF with 10% vacancies reserved for women.
Rail Based Industries New factories/workshops to be set up: ○ a new Forged Wheel Factory at Rae Bareli in collaboration with Rashtriya Ispat Nigam Limited.
○ a Greenfield Mainline Electrical Multiple Units (MEMU) manufacturing facility at Bhilwara (Rajasthan) in collaboration with State Government and BHELBSE -2.63 %.
○ a Coach Manufacturing Unit in Sonepat District (Haryana) in collaboration with State Government.
○ a Midlife Rehabilitation Workshop at Kurnool ( Andhra Pradesh) in collaboration with the State Government.
○ Bikaner and Pratapgarh workshops to undertake POH of BG wagons.
○ a workshop for repair and rehabilitation of motorized bogies at Misrod ( Madhya Pradesh).
○ a new wagon maintenance workshop in Kalahandi (Odisha).
○ a modern signaling equipment facility at Chandigarh through PPP route.

Source : Ecomonic Times

Rupee continues to decline against dollar in late morning

Rupee continues to decline against dollar in late morning - The Economic Times
The Indian rupee continued to fall against the American currency in the late morning trade by slipping 16 paise to Rs 54.02 per dollar on month-end dollar demand from importers amid firm dollar overseas.

The rupee resumed lower at Rs 54.03 per dollar against the last closing level of Rs 53.86 per dollar at the Interbank Foreign Exchange (Forex) Market and moved in a range of Rs 54 per dollar and Rs 54.09 per dollar before quoting at Rs 54.02 per dollar at 1040hrs.

Month-end dollar demand from importers mainly oil refiners mainly affected the rupee value against the dollar, a forex dealer said.

Source : The Economic Times

Market Pulse - 26 Feb, 2013


Tue, Feb 26, 2013 at 16:30 PM
Markets closed negative, amid weak global cues.
Markets slipped down after opening weak in the morning tracking weak global cues on account of uncertainty in Italy post the general elections and also there was no positive surprise in the Railway Budget. Sensex which opened down by 41.03 points or 0.21% at 19,290.66 kept shedding and closed at 19,051.14 down by 316.55 points or 1.64%, while Nifty which opened down by 16.45 points or 0.28% at 5,838.30 also loosened and ended down by 93.40 points or 1.60% at 5,761.35.

Sectoral wise, barring IT index which closed up by 0.89%, all other indices closed negative. Leading the list was Oil & Gas index down by 3.07%, followed by Auto down by 2.76%, Capital Goods fell by 2.44%, Metal slumped by 2.30%, PSU declining by 2.29%, Healthcare down by 1.93%, Real-Estate down by 1.89%, Bank declined by 1.68%, Power down by 1.29%, Consumer Durables fell by 0.89% and FMCG fell by 0.54%. In broader markets, Mid-cap and Small-cap both the indices also closed negative. Mid-cap closed down by 1.76%, while Small-cap crashed down by 2.43%.

Major stock gainers were, Tata Consultancy Services gaining by 1.56%, Infosys up by 1.47%, Bharti Airtel gaining by 1.38%, NTPC gained by 0.73% and Hindustan Unilever tad up by 0.22%.

Major stock losers were, Hindalco Industries leading the list slumped by 4.49%, followed by Bajaj Auto down by 4.20%, HDFC and ONGC declining by 3.74%, Reliance Industries Limited fell by 3.51%, Mahindra & Mahindra and Tata Motors down by 3.35% and 3.29%, Coal India Limited fell by 3.28%, Tata Steel Limited down by 3.08%, ICICI Bank Limited, BHEL, Sun Pharmaceuticals Limited, Maruti Suzuki, Larsen & Tourbo, Cipla Limited and Dr Reddys laboratories declining between 3-.2% respectively, Sterlite Industries and HDFC Bank Limited down between 2-1%, State Bank of India fell by 0.98%, Gail (India) down by 0.89%, Tata Power down by 0.87%, Wipro Limited down by 0.85%, Jindal Steel & Power down by 0.83%, Hero Motocorp fell by 0.77% and ITC down by 0.51%.

As there was no major announcement made by Railway Minister in it's Rail Budget, stocks dependant on Indian Railway's for revenues have plunged. Kalindee Rail slipped by 11.60%, Titagarh Wagons slumped by 8.10%, Kernex Microsystems (India) slumped by 15.31%, Hind Rectifiers fell by 8.82% and Bartronics down by 0.60%.

Zicom Electronic Security Systems gained by 4.20%, after Railway Minister proposed electronic display in trains for giving real time updates of train stations and schedules.

Jet Airways (India) plunged by 11%, extending its losses for the straight fourth day, amid concerns over it's stake-sale deal with Etihad Airways.

Overall market breadth was negative with 2,012 shares declining compared to 774 shares advancing, while 115 shares remained unchanged.

Tue, Feb 26, 2013 at 15:30 PM
Markets continue to remain weak..
Markets ended lower amid heavy selling done in index heavy weight. Sensex closed down by 299.73 points or 1.55% at 19,031.96 (provisional) Nifty ended down by 87.25 points or 1.49 points at 5,767.50 (provisional).

Tue, Feb 26, 2013 at 14:00 PM
Markets continue to remain weak..
Markets continue to trade weak tracking weak global cues amid selling in index heavy weights. Sensex fell by 230.69 points or 1.19% at 19,101, while Nifty fell by 69.75 points or 1.19% at 5,785.

Sector wise, Oil & Gas index declined by 2.50% and Auto, Capital Goods, Metal and PSU followed the trend were down by 2%, IT and FMCG were only indices trading positive. In broader market, both the indices Mid-cap and Small-cap were trading negative.

Major stock movers were, Tata Motors, ONGC, Hindalco Industries, ICICI Bank, Reliance Industries Limited, Bajaj Auto and Tata Steel, all were down between 3-4%.

Overall market breadth is negative with 1,978 shares were declined compared to 678 shares advanced.

Tue, Feb 26, 2013 at 12:00 PM
Markets continue to remain weak..
Markets continued to trade weak weighed by Financial and Oil & Gas sector shares. Sensex is down by 132 points at 19,200, while Nifty down by 41 points at 5,813. Sector wise, all indices are trading negative except for IT. In broader markets, both Mid-cap and Small-cap indices continued to remain weak amid selling pressure. Both the Mid-cap and Small-cap index are down by 1.3% each.

Major stock movers are, Reliance Industries down by 1.60%, ONGC fell by 1.20%, HDFC and ICICI Bank fell by 2%, SBI down by 1%, Larsen & Tourbo and Tata Motors too are trading weak. Tata Consultancy Services and Infosys gaining by 1%, ITC and Hindustan Unilever up by 1-2% each, Bharti Airtel gained by 3.10% and Idea Cellular Limited up by 3.60%.

Idea Cellular Limited and Bharti Airtel gaining by 3.6-3.1% on news of government’s decision to lower the reserve price of spectrum for 1,800-MHz. Mean while, Bharti Airtel launched 4G voice services in Pune, where it had earlier offered data services.

Maruti Suzuki fell by 1.9%, after the Reserve Bank of India (RBI) stated that foreign institutional investor (FII) cannot buy shares of Maruti Suzuki as their limit of 24% has been breached.

Overall market breadth is weak, with 1,663 shares declining compared to 634 shares advancing.

Tue, Feb 26, 2013 at 10:30 AM
Markets trading cautiously.
Markets continue to trade languish as Railway Budget is to be announced at 11:00AM by Railway Minister, Mr. Pawan Kumar Bansal. Sensex is down by 98 points at 19,233, while Nifty is down by 36 points at 5,818.

Sectoral wise, barring IT and FMCG indices, all other sectors are trading negative. IT index gaining by 0.70% and FMCG is flat. Auto index dropped by 1.30%, Capital Goods, Healthcare and Bank are down between 1%. In broader markets Mid-cap and Small-cap indices fell by 0.80% and 0.70% each.

Tue, Feb 26, 2013 at 09:30 AM
Markets opened negative.
Markets opened weak, ahead of Railway Budget which is to be announced later today. Sensex opened down by 41.03 points or 0.21% at 19,290.66 is current trading at 19,203 down by 127 points, while Nifty opened down by 16.45 points or 0.28% at 5,838.30 is current down by 42 points at 5,812.

Sector wise, Auto index fell by 0.80%, Oil & Gas index down by 0.80%, Healthcare, Metal and Bank indices too were trading weak. Consumer Durables is just tad up by 0.20%, while IT index is almost flat.

Major stock movers were, BHEL, Infosys and Hindustan Unilever are positive between 0.30-0.80%, Maruti Suzuki, Mahindra & Mahindra and Tata Motors down by 1.50% each. ICICI Bank fell by 1.30%, HDFC, ONGC, Larsen & Tourbo, Wipro Limited and Hindalco are also trading weak.

Bharti Airtel surged by 4% as it has announced to launch 4G services by end of next month in Chandigarh.

Cairn India fell by 0.7%, as the company started drilling its first exploration well in four years on the prolific Rajasthan block.

Jet Airways slumped by 3%, after it's much anticipated Jet-Etihad deal hit a road block.

Gold declines on sluggish demand

Gold declines on sluggish demand - The Times of India

Snapping its two-days gaining trend, gold prices declined in the national capital on Monday due to sluggish demand at prevailing higher levels.
The yellow metal dipped by Rs 160 to Rs 29,900 per ten grams. Silver too plunged by Rs 1,450 to Rs 53,750 per kg.
Traders said sluggish demand at prevailing higher levels and market expectation of a correction in the prices mainly led the fall in gold and silver prices.
On the domestic front, gold of 99.9 and 99.5 per cent purity fell by Rs 160 each to Rs 29,900 and Rs 29,700 per ten grams, respectively. The metal had gained Rs 340 in the previous two sessions.

Source : Times of India

US dollar ends cheaper against the rupee - The Times of India

US dollar ends cheaper against the rupee - The Times of India

The US dollar ended cheaper against the rupee at 53.86/87 a unit, and Pound Sterling also finished lower at Rs 81.58/60 per pound at the close of the Interbank Foreign Exchange Market (Forex) today.

Following are the Interbank Forex and RBI rates: (In Rs Per Unit) Unit Interbank RBI Reference US Dollar 53.86/87 US Dollar Rs 54.0415 Pound Sterling 81.58/60 Euro Rs 71.4130 Euro 71.47/49 Japanese Yen (100) 57.44/46.

Source : Times of India

February 25, 2013

Market Pulse - 25 Feb, 2013


Mon, Feb 25, 2013 at 18:00 PM
Markets closed flat.
Markets almost closed flat as investors turned cautious ahead of Union Budget and derivative expiry. Sensex closed up by 14.68 points or 0.08% at 19,331.69 after opening up by 48.32 points or 0.25% and touching day’s high of 19,411.18 and low of 19,237.98. Nifty ended up by 4.45 points or 0.08% at 5,854.75 after opening up by 20.25 points or 0.35% at 5,870.55 and touched day’s high of 5,878.40 and low of 5,825 in the day.

Sector wise, IT and Auto indices were the only gainers ending up by 1.86% and 0.78%, while Healthcare index closed tad up by 0.02%. Real-Estate index slumped by 2.39%, Capital Goods slipped down by 1.68%, Metal, Oil & Gas and PSU were down by 1.08%, 1.05% and 1.04% respectively, Consumer Durables and FMCG fell by 0.32% and 0.31%, Bank down by 0.26%, while Power closed tad down by 0.06%. From broader markets, both Mid-cap and Small-cap closed negative. Mid-cap down by 1.20% and Small-cap down by 1.36%.

Major stock movers were, Infosys gaining by 2.84%, Tata Motors Limited up by 2.06%, Hero Motocorp up by 1.42%, BHEL gained up by 1.29%, Tata Consultancy Services, Sun Pharmaceuticals and State Bank of India gaining up by 1.16%, 1.15% and 1.11% each, Tata Power, Wipro Limited, Maruti Suzuki, Bajaj Auto Limited and Gail (India) gained between 1-0.50%, Mahindra & Mahindra up by 0.40% while HDFC and ICICI Bank tad up by 0.26-0.20%.

Major stock losers were, Cipla Limited, Larsen & Tourbo and ONGC dropped between 2.60-2.04%, Coal India Limited and Reliance Industries Limited down between 2-1% each, Tata Steel Limited and NTPC Limited fell by 0.96% each, Bharti Airtel, Hindustan Unilever, Sterlite Industries, Dr. Reddy’s Laboratories, HDFC Bank slipped between 1-0.50%, Hindalco Industries and Jindal Steel tad down by 0.37-0.24%.

Overall market turned negative with 1,802 shares declining compared to 1,011 shares advancing, while 131 shares unchanged.

Mon, Feb 25, 2013 at 13:00 PM
Markets trading range bound.
Markets trading in a narrow range amid selling pressure in broader market’s Mid-cap and Small-cap sector. Sensex is down by 15 points at 19,301, while Nifty is down by 7 points at 5,843.

Sectoral wise, Real-Estate index is dropped by 2.4 followed by indices were, Consumer-Durables, Oil & Gas, Capital Goods, Metal, Bank and PSU were also declined between 0.50-1% respectively, while IT index gained by 1.5%. From broader markets, both Mid-cap and Small-cap were trading negative, down by 1.20% and 1% respectively.

Major stock movers were, ONGC felling down by 2.20%, Cipla Limited, Sterlite Industires Limited, Coal India Limited, Larsen & Tourbo, Reliance Industries Limited and Jindal Steel & Power were down between 1-2% each. Infosys gaining by 2.40%, Tata Consultancy Servies, Wipro Limited, Tata Motors Limited, Maruti Suzuki, State Bank of India and Sun Pharmaceuticals were some of the other losers.

Overall market breadth is negative with 1,608 shares declining compared to 872 shares advancing.

Mon, Feb 25, 2013 at 09:30 AM
Markets trading weak
Markets trading weak after opening positive amid positive higher Asian markets. Sensex is down by 10 points or 0.05% at 19,307 after opening 48.32 points or 0.25% up at 19,365.32 while Nifty down by 6 points or 0.10% at 5,843 after opening up by 20.25 points or 0.35% at 5,870.55.

Select non-banking finance companies (NBFC) shares are in focus, after the Reserve Bank of India (RBI) has issued guidelines for the new bank licenses, which will pave the way for both corporate entities and NBFC to begin banking operations.

Mahindra & Mahindra Finance Services, Bajaj Finserv, SREI Infrastructure Finance, Religare Enterprises and L&T Finance Holdings are trading higher in the range of 5-7%.

Overall market breadth is positive with 875 shares advancing compared to 455 shares declining.

February 24, 2013

Weekly Pulse - 24 Feb, 2013


Weekly Update - Feb 24, 2013

Markets finished a tad lower.
Markets ended negative after a volatile trading sessions on a negative note, amid risk-aversions led by US Federal Reserves minutes of meeting coupled with caution. Sensex closed down by 151.14 points or 0.78% at 19,317.01 after recording a high of 19,742.42 and low of 19,289.70, while Nifty closed down by 37.10 points or 0.63%, after touching high of 5,971 and low of 5,835.80 for the week ended.

Weekly Update
Top Gainers
Company NameCurrentPrevious Close% Change
Wipro Limited415.55398.854.19
Sun Pahrmaceutical Industries Ltd811.30786.103.21
Reliance Industires Limited862.65844.852.11
Infosys2836.552785.201.84
Gail (India)341.05337.651.01
Bajaj Auto Limited1992.851974.000.95
Tata Consultancy Services1454.451441.100.93
NTPC151.35150.000.90
ONGC324.05321.800.70
Tata Power Company97.2596.700.57
Hero Motocorp1679.451675.800.22
Top Losers
Company NameCurrentPrevious Close% Change
Jindal Steel & Power Limited357.45386.30-7.47
Coal India Limited332.35349.65-4.95
Tata Motors Limited293304.05-3.63
Tata Steel Limited364.45375.95-3.06
ITC Limited292.05300.70-2.88
ICICI Bank Limited1091.651123.45-2.83
Hindalco Industries Limited107.20109.75-2.32
Maruti Suzuki Limited1439.751472.75-2.24
HDFC Bank Limited659.75674.85-2.24
Bharti Airtel Limited309.80316.25-2.04
Sterlite Industries Limited97.3599.25-1.91
State Bank of India2196.502233.25-1.65
HDFC799.90810.85-1.35
Larsen & Tourbo1434.501443.95-0.65
Mahindra & Mahindra892.95897.30-0.48
Cipla Limited380.25381.90-0.43
Dr. Reddy's Laboratories1814.051818.05-0.22
BHEL204.90205.15-0.12

February 22, 2013

Market Pulse - 22 Feb, 2013

Fri, Feb 22, 2013 at 18:30 PM
Markets closed almost flat.
Markets closed almost flat after a volatile session as investors opted to stay away as sentiments remained cautious ahead of the Union Budget. Sensex closed down by 8.35 points or 0.04% at 19,317.01, after opening flat up by 16.54 points or 0.09% at 19,341.90 and touching day's high of 19,401.75 and low of 19,289.83, while Nifty ended down by 1.95 points or 0.03% at 5850.30, after opening down by 14.45 points or 0.25% at 5,837.80 and touching day's high of 5,873.80 and low of 5,835.80 for the day.

Sectoral wise, Real-Estate index ended up by 1.35%, IT gained up by 0.83%, Healthcare up by 0.78%, Oil & Gas gaining up by 0.58%, Power, Bank and Capital Goods up by 0.23-0.17%, while FMCG declined by 1.41%, Auto and Metal down by 0.55-0.53% each, PSU fell by 0.29% and Consumer Durbales down by 0.15%. From broader markets, both the indices closed tad up by 0.02-0.11% respectively.

Major stock gainers were, Bharti Airtel gained by 4.6%, Wipro and TCS gaining by 2.4% and 0.4% respectively, Bajaj Auto edged up by 0.7%, ICICI Bank gained by 1.2%, Reliance Industries edged up by 0.7%.

Major stock losers were, HUL and ITC declined by 2.6% and 1.5% respectively, Sterlite Industries and Hindalco Industries dropped nearly by 1% each, SBI and HDFC Bank fell by 0.6% while Maruti Suzuki ended down over 2%.

Bharti Airtel spurted nearly by 5% on reports of company planning to meet global investors for a potential benchmark-sized dollar bond sale.

DLF Limited gained up by nearly 3%, after the management announced its intention of reducing its debt by half to Rs 11,000-12,000 crore over the next 2-3 years.

Jet Airways slumped nearly by 6%, after on reports that Etihad Airways had put a host of new conditions including an option to buy up-to 49% stake in the company.

TVS Motors fell by nearly 2.6%, as proxy advisory firm Institutional Investors Advisory Services has opposed the proposed appointment of Sudarshan Venu to the board of directors.

HDFC, dropped down by nearly 2%, after Goldman Sachs, a global brokerage firm, downgraded its rating fron 'Neutral' to 'Sell' citing concerns of Indian ecomony to recover at a modest pace and the prospect of rising competition.

Overall market breadth was marginally negative, of 2,994 shares 1,072 shares declined compared to 1,043 shares advanced while 879 shares remained unchanged.

Fri, Feb 22, 2013 at 15:30 PM
Markets ended flat.
Markets ended flat after a volatile session as investors opted to stay away, ahead of crucial Union Budget announcement scheduled next week. Sensex closed down by 16 points at 19,309.16 (provisionally), while Nifty closed down by 3 points at 5,848.90 (provisionally).

Major stock movers were, Bharti Airtel, Sun Pharmaceuticals and Wipro Limited gained between 2-4%, while Coal India Limited, Hindustan Unilever and Maruti Suzuki declined between 2-3%.


Fri, Feb 22, 2013 at 09:30 AM
Markets opened flat.
Markets opened flat on a muted global cues. Sensex opened up by 16.54 points or 0.09% is current up by points at 19,346, while Nifty opened down by 14.45 points or 0.25% at 5,852.25 is current up by just 2.75 points at 5,855.

February 21, 2013

Market Pulse - 21 Feb, 2013


Thu, Feb 21, 2013 at 19:00 PM
Markets draged down by index heavy weights.
Markets afte opening weak, closed lower on weak global cues, amid selling pressure in index heavy-weights on worries over US fedral Reserve slowing its bond buying programme. Sensex closed down by 317.39 or 1.62% at 19,325.36 after opening down by 93.70 points or 0.48% at 19,549.05, while Nifty closed down by 90.80 points 1.53% at 5,852.25 after opening down by 33.40 points or 0.56% at 5,909.65.

Sectoral wise, barring Consumer Durables which closed almost flat up by 0.04% all other indices ended negative. Metal and Bank index slumped by 3.23% and 2.52% followed by indices Real-Estate down by 2.33%, Capital Goods fell by 2.07%, Oil & Gas, PSU, Auto, Power and FMCG all falling down between 1.77-1.38% each, while IT and Healthcare declined by 0.63% and 0.48% each. From broader market, both the indices Mid-cap and Small-cap closed negative down by 1.64% and 1.74% each.

Major stock movers were, apart from Gail (India) closing up by 0.09% all other index contributers ended negative. Jindal Steel, Tata Steel, Sterlite Industries and Hindustan Industries slumped down between 4.19%-3.54%, ICICI Bank, Bharti Airtel, Maruti Suzuki, ONGC, Larsen & Tourbo, Reliance Industries Limited and Tata Motors slipped down between 4-2% recpectively, BHEL, Hindustan Unilever, State Bank of India, HDFC Bank, Mahindra & Mahindra, Wipro Limited and ITC fell down between 2-1%, Coal India Limited, Dr Reddy's Laboratories, HDFC, Infosys, NTPC, Heor Motocorp, Tata Consultancy Services, Bajaj Auto, Sun Pharmaceuticals, Cipla and Tata Power down between 1% respectively.

Videocon Industries surged up by 5% on news of ONGC to buy company's 10% stake in a giant gas field off Mozambique.

Alok Industries fell down by nearly 2%, as the company decide to part ways with London-based Savile Row Co.

SKS Microfinance slipped by over 4%, as insurance regulator IRDA imposed penalty for Rs 50 Lakh. As a corporate insurance agent, company collected extra funds, apart from the premium without proper disclosure to policy holders.

Shriram Transport slumped down by 8%, after US private equity firm TPG capital raising $305 million by selling about half of its stake in commercial vehicle financier Shriram Transport Finance Company.

February 20, 2013

Stock Market Pulse

Stock Market Pulse

Stock Market Pulse is assimilation of data from Indian stock market, comprise of Bombay Stock Exchange and National Stock Exchange viz. BSE and NSE. Stock Market related news, views, and recommendations by the gurus, corporate announcement, corporate actions all in one place.

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Rupee gains most in two weeks; debt auction inflows help

Rupee gains most in two weeks; debt auction inflows help - The Economic Times

The rupee gained its most in two weeks on Wednesday, largely aided by inflows related to a debt auction, with volumes remaining low as most state-run banks were thinly staffed due to a strike.

The rupee has seen a small bounce since it hit a one-month low in Monday's trading. Foreign investors have been jittery ahead of the federal budget on Feb. 28, waiting to see whether Finance Minister Palaniappan Chidambaram puts fiscal discipline over election largess.

Capital inflows have been supportive of the rupee, but the economy's weak fundamentals will continue to weigh.

Trade Minister Anand Sharma said India was likely to miss its $350 billion exports aim for the fiscal year.

Dealers said state-run banks had thin attendance due the strike, which hurt market volumes.

The partially convertible rupee closed at 54.075/085 per dollar versus its previous close of 54.185/195, a second session of gain. It rose 0.2 per cent in trade, it biggest daily rise since Feb 5.

In the offshore non-deliverable forwards, the one-month contract was at 54.38, while the three-month was at 55.00.

In the currency futures market, the most-traded near-month dollar/rupee contract on the National Stock Exchange, the MCX-SX and the United Stock Exchange all closed at around 54.18 with a total traded volume of $4.6 billion.

Source : Economic Times

Rupee up 8 paise vs dollar in early trade - The Times of India

Rupee up 8 paise vs dollar in early trade - The Times of India

Rupee today appreciated by eight paise to 54.10 against the US dollar on the Interbank Foreign Exchange (Forex) market in early trade on increased foreign fund flows amid firm local equities.
Forex dealers said euro's gains against the American currency in the overseas market also supported the rupee.

Market Pulse - 20 Feb, 2013

Wed, Feb 20, 2013 at 17:30 PM
Markets closed flat.
Markets after opening firm in the morning raking positive cues from global peers, ended almost flat, amid selling pressure in banking and metal sector. Sensex ended up by 7.03 points or 0.04% at 19642.75, after opening up by 82.22 points or 0.42% at 19,717.94 and touching high of 19,742.42 and low of 19,619.89, while Nifty closed almost flat up by 3 points or 0.06% at 5,943.05, after opening up by 26.60 points or 0.45% at 5,966.30 and touching high of 5,971 and low of 5,937.55 in the day.

Sector wise, Oil & Gas, Real-Estate and IT were the only indices closing positive, while all other indices ended negative. Oil & Gas gaining up by 1.70%, Real-Estate and IT up by 0.77 and 0.60% each. Consumer Durables index down by 1.37%, Metal fell by 0.61%, Capital Goods and FMCG down by 0.47% each, Bank and Power indices declining by 0.38-0.35% each, Auto down by 0.27% while PSU and Healthcare ending down by 0.18-0.17% each. From broader markets, Mid-cap index closed tad down by 0.17%, while Small-cap closed up by 0.36%.

RIL spurted up by 3.13%, Sun Pharmaceutical gained up by 1.37%, Hero MotoCorp up by 1.26%, Coal India gaining up by 1.12%, Gail (India) up by 0.99%, Dr Reddy’s Laboratories gained up by 0.90%, TCS gaining up by 0.65%, HDFC Bank up by 0.55%, Wipro gained up by 0.55%, Tata Power up by 0.41% while Infosys tad up by 0.03%.

Tata Steel and Jindal Steel down by 1.75% and 1.47%, Cipla and Bharti Airtel declining by 1.32%-1.04% each, State Bank of India and ICICI Bank declining by 0.98% and 0.94%, Tata Motors, Bajaj Auto and Maruti Suzuki down by 0.96%, 0.38% and 0.28%, NTPC declining by 0.81%, Larsen & Tourbo down by 0.58%, ITC fell by 0.56%, Sterlite Industries and Hindalco Industries fell by 0.54% and 0.45%, BHEL down by 0.47%, ONGC fell by 0.39%, HDFC down by 0.29% while Mahindra & Mahindra and Hindustan Unilever were tad down by 0.08% and 0.06%.

Tata Consultancy Services announced that it is expanding operations in British, with a new facility at Liverpool to be fully operational with 300 employees.

Infosys earlier in the day surged on new that it's the first Indian company admitted for trading on NYSE Euronext's (NYX) Londoan and Paris markets, however the stock ended almost flat.

Tata Motors Ltd closed down by 1%, after company said that, immediate steps are needed to put medium and heavy commercial vehicle segment back on track and plans to re-calibrate its strategy by cutting on expansion and shifting focus on manufacturing new models.

According to Care Ratings study, high-cost production and low realization is likely to drag down the operating profit of sugar companies. The increase in cost of production is primarily aspect to the substantial rise in the sugarcane procurement cost which accounts for almost 80 to 85% of the total operating cost of the industry. Several sugar stocks dipped into red.

Newly listed V-Mart Retail declined by 2.3%, after debuting at a premium of 2.86% to the initial public offer price.

Overall market breadth was marginally positive, with 1,152 shares gaining compared to 963 shares declining while 862 shares remained unchanged.

Wed, Feb 20, 2013 at 09:30 AM
Markets opened firm.
Markets have opened higher on the back of strong global cues. Sensex opened up by 101 points at 19,736 is current up by 52 points at 19,688, while Nifty opened up by 27 points at 5,970 is current up by 14 points at 5,955.

In sectoral front, Oil & Gas index has surged up by almost 1%, followed by indices like Real-Estate, Auto, FMCG, PSU, Banks, Healthcare, Metal, IT and Capital Goods. All indices gaining marginally, however, Power and Consumer Durable indices are trading marginally negative. Whereas, Mid-cap and Small-cap indices are trading marginally positive, both gaining between 0.2-0.4%.

Major stock movers are, Reliance Industries up by over 1%, Sun Pharma, ITC, Hindalco Industries, ONGC, Hero Motocorp, Coal India Limited, HDFC Bank, Wipro and Mahindra & Mahindra are other notable gainers, whereas, Maruti Suzuki, Hindustan Unilever, NTPC and Bajaj Auto were some of the losers declining by 1%

Reliance Industries gaining up by over 1%, as the company and its partner BP Plc announced plans on jointly investing more than $5 billion for over the next three to five years to boost output at a key natural gas field off India's east coast.

Overall market breadth is positive with 852 shares advancing compared to 414 shares declining.

February 19, 2013

Stock Market Pulse

Stock Market Pulse

Stock Market Pulse is assimilation of data from Indian stock market, comprise of Bombay Stock Exchange and National Stock Exchange viz. BSE and NSE. Stock Market related news, views, and recommendations by the gurus, corporate announcement, corporate actions all in one place.


Please visit us at http://www.stockmarketpulse.net

Positional Stock Futures...Mint Money!

Positional Stock Futures...Mint Money!

Buy Tata Steel Feb Futures.
Close:387.40. Lot 1000
Buy below 388.50
Stop loss: 371
Target: 389/392/Higher

Source : followthetrendnow

Forex, money markets closed today for 'Shivaji Jayanti'

Forex, money markets closed today for 'Shivaji Jayanti' - The Economic Times

The Forex and money markets are closed today on account of 'Chhatrapati Shivaji Maharaj Jayanti'.

Source : Economic Times

Market Pulse - 19 Feb, 2013


Tue, Feb 19, 2013 at 17:00 PM
Markets closed positive.
Markets closed higher, after opening flat in the morning and trading range bound for about two sessions, amid buying in index-weights. Sensex closed up by 134.64 points or 0.69% at 19,635.72 after touching day's high of 19,671.17 and low of 19,547.21, while Nifty ended up by 41.50 points or 0.70% at 5,939.70 after touching high of 5,947.55 and low of 5,883.15 in the day.

Sector wise, all sector ended positive, with Real-Estate index leading the gain list. Real-Estate gaining up by 1.90%, IT and Healthcare ended up by 1.66% and 1.38% each, Power, PSU and Oil & Gas up by 1.16%, 1.06% and 1.03% each, Auto up by 0.96%, FMCG up by 0.74%, Bank up by 0.56%, Metal gaining up by 0.41%, Capital Goods and Consumer Durables ended up by 0.35% and 0.26%. From broader markets Mid-cap and Small-cap index firmed up in th last hour of the trade, with Mid-cap gaining up by 1.12% and Small-cap ended up by 0.94%.

Major stock gainers were, ONGC gained up by 4.03%, Bajaj Auto and Maruti Suzuki gaining up by 2.36% and 2.19%, BHEL up by 2.00%, Cipla gained up by 1.96%, Wipro up by 1.90%, Sterlite Industries and Hindalco Industires up by 1.63% and 1.04%, NTPC gained up by 1.62%, Infosys and TCS up by 1.53% and 1.25%, Hindustan Unilever gaining by 1.47%, Dr Reddy’s Laboratories up by 1.27%, Mahindra & Mahindra and Tata Motors gaining up by 0.86% and 0.62%, ICICI Bank and State Bank of India up by 0.86% and 0.62%, Tata Power up by 0.57%, Sun Pharma inching up by 0.55%, ITC gained up by 0.47%, Tata Steel gained up by 0.39%, while Reliance Industries Limited tad up by 0.18%.

Major stock losers were, Bharti Airtel dropped by 1.94%, Hero MotoCorp fell by 1.37%, Gail (India) down by 1.37%, Coal India declining by 1.35%, Jindal Steel fell by 0.79%, HDFC Bank Ltd down by 0.22%, while Larsen & Tourbo and HDFC ended tad down by 0.09% and 0.08% each.

ONGC spurted up by 4.03% on the company's revival plan to set up a liquid gas (LNG) import terminal near it's Mangalore refinery.

Essar Ports surged up by 8%, after the company announced that the lenders have released the pledged shares and the same being re-pledged with the trustees.

Overall market breadth was firm positive, of 2,960 shares traded 1,371 shares advanced compared to 742 shares declined, while 847 shares were unchanged.

Tue, Feb 19, 2013 at 15:30 PM
Markets closed positive.
Markets closed positive, amid buying in index heavy-weights. Sensex up by 152 points at 19,654, while Nifty gained up by 47 points at 5,945.

Tue, Feb 19, 2013 at 14:30 PM
Markets recovers.
Markets recovered in noon session amid buying interest in index heavi-weights. Sensex is up by 14 points at 19,515, while Nifty up by 4 points at 5,903.

Sector wise, Metal and Capital Goods were trading weak, while Real-Estate, Power, Healthcare, PSU and IT were up between 0.5-1% respectively. Whereas in broader market, Mid-cap and Small-cap indices were up by 0.5% each. Major stock movers include, ONGC, NTPC, Cipla and Hindustan Unilever gaining up between 1-2.7%, BHEL, Infosys, Wipro, Dr Reddys Lab and Sterlite up between 0.6-0.9%. Bharti Airtel, Gail (India), Coal India, Hero MotoCorp, and Jindal Steel down between 1-2%, while Reliance Industries, Larsen & Tourbo, HDFC and ITC down between 0.3-0.7% respectively.

Overall market breadth is positive with 1,423 shares gaining compared to 1,269 shares declining.

Tue, Feb 19, 2013 at 10:30 AM
Markets trading flat.
Markets continues to trade flat range round with negative bias, amid weakness in index heavy-weight. Sensex is declining by 10.08 points or 0.05% at 19,491, while Nifty down by 4.2 points or 0.07% at 5,894.

Major stock movers are, Bharti Airtel, GAIL, CIL, RIL and SBI trading weak, whereas Cipla, ONGC, HUL, BHEL and NTPC are few gainers.

Hotel Leela Ventures spurted up by 10%, after the Board of Directors approves to sell the company's IT Park Building in Chennai.

Kingfisher Airlines locked at upper circuit in opening deals as UB Holdings seeking to revamp support to the beleaguered Airlines.

Trent advancing by 2%, after the board approved a proposal to buy private equity fund TVS Shriram Growth Fund's entire stake in Landmark Ltd, for Rs 84 crore.

Overall market breadth is positive with 1,117 shares advanced compared to 874 shares declined.

Tue, Feb 19, 2013 at 09:30 AM
Markets opend flat.
Markets opened flat with a negative bias. Sensex is down 3 points at 19,499 after opening up by 22.62 points at 19,523.70, while Nifty is unchanged at 5,898.20 after opening up by marginally 2 points or 0.03% at 5,900,20.

Sectoral wise, Real-Estate index up by 0.7%, Capital Goods, Power, Auto and Consumer Durables indices also gained up by 0.4-0.7% each, while Oil & Gas index is marginally down.

Major stock movers are BHEL gaining up by 1%, Cipla and Jindal Steel up by 1%, HUL, Tata Motors, Mahindra & Mahindra and NTPC are also trading positive. Bharti Airtel is down by 1%, TCS is by down 0.5%.

Bharti Airtel down by 1%, as the DoT (Department of Telecommunications) is planning to hold a third round of auction of unsold spectrum under the 1800 MHz band in 18 circles immediately after the March auction.

BSE market breadth is marginally weak. Out of 1,376 stocks traded, 844 shares have advanced while 476 shares have declined.

February 18, 2013

Rupee gains on fund inflows; budget next trigger

Rupee gains on fund inflows; budget next trigger - The Economic Times

The rupee came off one-month lows to end higher on Monday, as late inflows related to foreign funds selling dollars outweighed demand from oil importers and weak Asian currencies which were weighed down by continued worries about the potential for competitive devaluations.

Flows are expected to determine near-term movements as investors wait for the 2013/14 budget to be unveiled on Feb. 28.

Courtesy : Economic Times

Sell BPCL Feb Futures

Positional Stock Futures...Mint Money!: Sell BPCL Feb Futures:
Sell BPCL Feb Futures
Close: 383.55, Lot :1000
Sell above 383
Stop loss: 403
Target: 380/375/Lower
Courtesy : followthetrendnow

Rupee down 14 paise against dollar


The rupee declined by 14 paise to Rs 54.36 per dollar in early trade on the Interbank Foreign Exchange market on Monday, weighed down by dollar's gains against other currency rivals.

Forex dealers said besides dollar gains against other Asian currencies, a higher opening in the stock market amid foreign fund outflows put pressure on the rupee.

The rupee had lost 30 paise to 54.22 against the US dollar in Friday trade due to renewed dollar demand and firm global cues. 
 
Courtesy:  The Times of India

Market Pulse - 18 Feb, 2013


Mon, Feb 18, 2013 at 17:30 PM
Markets ended marginally up.
Markets pared it's consolidated gains of the early noon session and closed marginally up, amid range bound trades, led by buying interest in Banking/Financial and Capital Goods sectors. Sensex closed marginally up by 32.93 or 0.17% at 19,501.08, after touching day's high of 19,554.48 and low of 19,462.92, while Nifty closed up by 10.80 points or 0.18% after registering high of 5,911 and low of 5,878.45.

Sector wise, IT index fell down by 0.49%, followed by Consumer Durables down by 0.22% and Oil & Gas tad down by 0.03%, Real-Estate index spurted up by 2.08%, Capital Goods and Power indices up by 1.18-1.03% each, Metal gained up by 0.49%, PSU up by 0.33%, FMCG gained up by 0.24%, Bank and Auto up by 0.13-0.12% each, while Healthcare tad up by 0.02%. Whereas in broader market, Mid-cap index edged up by 0.42%, while Small-cap index gained up by 0.71%.

Among major stock gainers were, Tata Steel gaining up by 2.49%, Hindustan Unilever gained up by 1.89%, Sterlite Industries and Hindalco Industries up 1.76% and 1.18%, Larsen & Tourbo gained up by 1.57%, HDFC gaining up by 1.47%, BHEL up by 1.22%, Hero MotoCorp, Maruti Suzuki and Tata Motors gained up by 1.20%, 0.48% and 0.31%, State Bank of India gaining up by 1.19%, Wipro up by 0.81%, NTPC up by 0.70%, Gail (India) gaining up by 0.44%, Reliance Industries Limited and Sun Pharmaceuticals edged up by 0.29%-0.21%, while HDFC Bank tad up by 0.07%.

Among major stock losers were, Jindal Steel felling by 1.81%, Coal India down by 1.77%, ONGC fell by 1.35%, Dr Reddys Laboratories down by 1.24%, Bajaj Auto declining by 1.17%, Tata Consultancy Services down by 1.12%, Bharti Airtel down by 0.76%, Mahindra & Mahindra down by 0.65%, Cipla down by 0.63%, Tata Power down by 0.47%, Infosys fell by 0.31%, ICICI Bank declining by 0.16%, while ITC tad down by 0.07%.

Unichem Laboratories gaining by 4.2%, after the company said that the board has approved the sale of new formulation manufacturing unit to Mylan Laboratories Limited for a total consideration of Rs 160.50 crore, due to the slump sales.

HDIL was up by 3.81%, after the company's management clarified on the recent promoter's stake sale last month, stating that the share sale was done to make partial payment for a 15-acre mill land located in Byculla of Central Mumbai.

Suzlon Energy was up by 3% on back of huge volumes on reports that the company plans to turnaround by selling non-core assets. The company plans to raise Rs 2,200 crore from the sale od its stake on its components manufacturing subsidiaries in the next 1-2 years.

Geodesic hitting a 52-Week low was locked in 5% lower circuit, after the company announced a huge loss in the second quarter ended on December 2012. It has reported a loss of Rs 18.96 crore on a total income of Rs 100 crore on a standalone basis.

Overall market breadth was positive, of 2,979 shares traded 1245 shares advanced compared to 860 shares declined, while 874 shares remained unchanged.

Mon, Feb 18, 2013 at 15:30 PM
Markets closed firm.
Markets pared off its early gains in closing session. Sensex closed down by 30 points at 19,497(provisionally), while Nifty ended up by 11 points at 5,898(provisionally).

Mon, Feb 18, 2013 at 14:00 PM
Markets trading firm.
Markets sustained to its gains in noon trades, amid buying interest in Real-Estate sectors. Sensex is up by 69.06 points or 0.35% at 19,537.21, while Nifty is up by 19.90 points or 0.34% at 5,907.30.

Sectoral wise, barring IT and Consumer Durables indices which are trading down by 0.44-0.16%, all other indices are trading firm between 2.25-0.05% respectively. Whereas in broader market, both the indices Mid-cap and Small-cap were trading up by 0.59% each.

Mon, Feb 18, 2013 at 12:00 PM
Markets trading flat.
Markets trading flat in a narrow range, amid buying interest in BPCL, Jaiprakash Associates, DLF and HDFC. Sensex up by 53.68 points or 0.28% at 19,521.83, after touching day's high of 19,533.36 and a low of 19,462.92. Nifty up by 13.90 points or 0.23% at 5.901.30, after touching day's high of 5,903.40 and a low of 5,878.45.

DLF has reduced it's net debt by Rs 1,870 crore during the quarter ended on December 2012, of ongoing fiscal to Rs 21,350, amid selling its major non-core assets of prime Mumbai land and hospitality chain Aman resorts. Further company gave a guidance that it will reduce its net debt to Rs 19,000 crore.

Mon, Feb 18, 2013 at 09:30 AM
Markets opened flat.
Markets opened absolutely flat taking cues from the global peers. Sensex is up by 37.85 points or 0.19% at 19,506 after opening up by 28.10 or 0.14% at 19,496.25, while Nifty is up by 5.60 points or 0.10% at 5,893 after opening up by 1.25 points or 0.02% at 5,888.65.

Sectoral wise Real-Estate index gained up by 1%, followed by indices were PSU, Oil & Gas, Bank, and Capital Goods were also trading positive, while IT index was trading weak down by 0.60%. Whereas in broader, Mid-cap and Small-cap indices were trading up.

Major movers were, Tata Consultancy Services and Wipro Limited down by 1% each, followed by Infosys, Tata Power down by 1%, Bharti Airtel slipped down by 0.4%, Tata Motors tad down by 0.50%, Coal India Limited, Mahindra & Mahindra and Jindal Steel were also trading weak. SBI gained up by 1%, ONGC, Larsen & Tourbo and HDFC are too trading positive.

Bharti Airtel tad down by 0.40% in spite of the operators offering 4G services with 2,300-MHz spectrum are likely to get the option of switching to the more efficient 700-MHz band.

Tata Motors is marginally down by 0.50%. Company is set to introduce a new model of the Nano car in the first half of this year and a CNG option to be launched very soon.

Overall market breadth is positive, of 1,554 shares traded, 947 shares advanced compared to 549 shares declined.

February 16, 2013

Stock Market Pulse

Stock Market Pulse
Stock Market Pulse is assimilation of data from Indian stock market, comprise of Bombay Stock Exchange and National Stock Exchange viz. BSE and NSE. Stock Market related news, views, and recommendations by the gurus, corporate announcement, corporate actions all in one place.

Weekly Pulse - 16 Feb, 2013


Weekly Update - Feb 16, 2013

Markets finished a tad lower.
Markets finished a tad lower for the week ended, amid booking profits in Mid-cap, Small-cap, Real-Estate and Capital Goods sectors. Sensex ended marginally down by 16.62 points or 0.09% at 19,468.15 after recording a high of 19,723.01 and low of 19,381.82, while Nifty closed down by 16.10 points or 0.27% at 5,887.40 after recording a high of 5,969.50 and low of 5,853.90 for the week ended.

According to data released by the Ministry of Commerce and Industry on Thursday, the wholesale price index based inflation dropped to 6.62% in January 2013, the lowest since December 2009, it was the fourth consecutive month when the WPI inflation dropped.

Tata Motors Limited's reported that its consolidated net profit plunged by 52% to Rs 1,627 crore for the quarter ended December 2012. This is he lowest net profit posted by the company in three years. It's standalone performance recorded its first net loss in four years at Rs 458 crore for the quarter under review, compared to a net profit of Rs 173 crore a year ago. Company said that, slowing demand and rising competition is the main reason for dismal performace. However, the stock gained by 6.48% for the week ended.

Unitech fell by 13.5%, after the Central Bureau of Investigation (CBI) suspected that its own prosecutor of aiding Unitech, managing director Sanjay Chandra, one of the accused in the 2G case. The company has reported better than expected results for third quarter ended December 2012, and stated that its net profit has jumped by 52.43% to Rs 84.17 crore due to higher sales realisation and lower finance cost.

State Bank of India has posted disappointed result as compared to market's expectations. The company has posted a mere 4% increase in net profit at Rs 3,396 crore for the quarter ended December 2012, due to fall in net interest income. It has declined by 2.32% on weekly basis.

Hindalco Industries has reported a drop in net profit about 4% for the quarter ended December 2012. Its standalone profit stood at Rs 434 crore as compared to Rs 451 crore in the corresponding quarter last year.


Weekly Update
Top Gainers
Company NameCurrentPrevious Close% Change
Tata Motors304.05285.556.48
Sun Pahrmaceutical Industries Ltd786.10744.055.65
HDFC Bank Limited674.85649.653.88
Coal India Limited349.65339.153.10
ONGC321.80313.452.66
Hindustan Unilever461.40452.302.01
Mahindra & Mahindra897.30882.801.64
NTPC150.00148.001.35
Tata Consultancy Service1441.101423.251.25
Gail (India)337.65335.900.52
HDFC810.85808.000.35
Cipla Limited381.90380.900.26
Top Losers
Company NameCurrentPrevious Close% Change
Maruti Suzuki Limited1472.751588.307.28
Jindal Steel & Power Limited386.30412.656.39
Larsen & Tourbo1443.951509.354.33
Bajaj Auto Limited1974.002043.803.42
Wipro Limited398.85411.453.06
Hero Motocorp Ltd1675.801724.052.80
Tata Steel Limited375.95386.702.78
State Bank of India2233.252286.402.32
Reliance Industries Limited844.85864.202.24
Dr. Reddy's Laboratories1818.051856.502.07
Sterlite Industries Limited99.25101.251.98
BHEL205.15208.501.61
Bharti Airtel Limited316.25321.101.51
ICICI Bank Limited1123.451130.100.59
Tata Power Company96.7097.100.41
ITC Limited300.70301.650.31
Infosys2785.202788.300.11

February 15, 2013

Market Pulse - 15 Feb, 2013


Fri, Feb 15, 2013 at 17:30 PM
Markets closed lower on profit booking.
Markets ended the day lower, amid profit booking in index heavy-weights, after opening weak in the morning and traded in a narrow range through the session. Sensex closed down by 29.03 points or 0.15% at 19,468.15 after touching day's high of 19,512.89 and low of 19,381.82, while Nifty ended down by 9.55 points or 0.16% at 5,887.40 after touching day's high of 5,899.95 and low of 5,853.90.

Sectoral wise, Oil & Gas ended down by 0.83%, IT closed down by 0.58%, Healthcare closed down by 0.30%, Consumer Durables ended down by 0.14%, Capital Goods and Metal both index closed down by 0.13%, while PSU and Real-Estate tad down by 0.06-0.04% each, Auto index ended up by 0.43%, Bank closed up by 0.21% , FMCG ended up by 0.11%, while Power index ended unchanged. Whereas from Broader market Mid-cap closed up by 0.28% and Small-cap ended down by 0.64%.

Major stock gainers were, Tata Motors closing up by 2.48%, Tata Power gaining up by 1.79%, Bharti Airtel up by 1.23%, Sterlite Industires gained up by 1.22%, Gain (India) and Sun Pharmaceuticals gaining up by 0.99%-0.94% each, State Bank of India up by 0.85, Wipro Limited gained up by 0.73%, BHEL and NTPC gaining by 0.44%, Hero Motocorp up by 0.40%, Larsen & Tourbo marginally gained up by 0.12%, while tad up by ONGC 0.05%.

Major stock losers were, Dr. Reddy's Laboratories dropped by 3.55%, Bajaj Auto fell by 1.41%, Tata Steel down by 1.21%, Reliance Industries Limited down by 1.20%, Infosys declining by 0.99%, Jindal Steel down by 0.96%, Maruti Suzuki and Mahindra & Mahindra down by 0.81% -0.80% each, Hindalco Industries down by 0.68%, Hinduatan Unilever down by 0.61%, Tata Consultancy Limited fell by 0.41%, HDFC down by 0.39%, Coal India Limited down by 0.38%, ITC fell marginally by 0.17%, while ICICI Bank and HDFC Bank tad down by 0.04-0.01% each.

United Breweries closed higher by 4%, on clarification made by company that brand "Kingfisher" has not been hypothecated or pledged by company to any lender to secure its loans and no shares of the company are pledged to the lenders of Kingfisher Airlines.

Ess Dee Aluminium spurted up by 17%, after it reported that it is exploring new strategic options including joint ventures, partnership as well as technology upgradation.

Suzlon Energy drowned by 9%, after it reported its third quarter ending December 2012 (Q3) loss of Rs 1,155 crore due to liquidity constraints.

LIC Housing Finance ended down by 2%, after reporting disappointing results for the third quarter ended December 31, 2012 (Q3).

Overall market breadth was negative, of 2,964 shares traded 1,221 shares declined compared to 892 shares advanced, while 851 shares unchanged.

Fri, Feb 15, 2013 at 15:30 PM
Markets ended lower.
Markets ended lower, amid volatility led by weakness an Oil & Gas and IT sector. Sensex closed down by 62 points at 19,435 (provisionally), while Nifty ended down by 20 points at 5,877 (provisionally).

Fri, Feb 15, 2013 at 12:30 PM
Markets trading subdued in a narrow range.
Markets continued to trade subdued in a narrow range, amid selling pressure across all the sectors. Sensex is declined by 70 points at 19,427, while Nifty is down by 28 points at 5,869.

Dr Reddy's Labs declined by 2%, after it was downgraded by Bank of America Merrill Lynch to neutral with a target price of Rs 1,975 after dismal performance in the third quarter. Bajaj Auto, Tata Steel, Jindal Steel, Reliance Industries, Cipla, Coal India, Maruti Suzuki, Infosys, Bharti Airtel and Wipro are also some of the scrips trading weaker between 1-1.6% each.

Whereas, Sun Pharmaceutical, Tata Power, NTPC, HDFC Bank, GAIL (India), BHEL, ONGC and Sterlite Industries are some of the notable gainers.

Sectoral wise, all indices are trading negative. Realt-Estate index being the top loser down by 1%, followed by Oil & Gas, IT, Consumer Durables, Metal, Auto and Healthcare indices too are trading weak down between 0.4-1% respectively. Broader markets is too weak and trading negative with Mid-cap down by 0.4% and Small-cap fell by 1%.

Overall market breadth is negative, of 2,610 shares traded 1,687 shares declined compared to 802 shares advanced, while 110 shares unchanged.

Fri, Feb 15, 2013 at 10:30 AM
Markets trading lower.
Markets trading lower, amid heavy weights are under pressure. Sensex is down by 69 points at 19,428, while Nifty is down by 26 points at 5,871.

Sector wise, all sectors were trading weak.

United Breweries spurted up by over 4%, after falling 15% in past six trading sessions on clarification that brand "Kingfisher" has not been hypothecated or pledged by company to any lender to secure its loans and no shares of the company are pledged to the lenders of Kingfisher Airlines.

Fri, Feb 15, 2013 at 09:30 AM
Markets opened lower
Markets opened lower, tracking weak global cues. Sensex opened down by 47.35 points or 0.24% at 19,449.89 is now current at 14,457.84 down by 39.34 points or 0.20%, while Nifty opened weak by 27 points or 0.46% at 5,869.95 is now current at 5,883.60 down by 13.35 points or 0.23%.

February 14, 2013

Stock Market Pulse

Stock Market Pulse

Market Pulse -14 Feb, 2013


Thu, Feb 14, 2013 at 17:30 PM
Markets closed lower
Markets closed lower, after opening flat in the morning, amid profit booking in Financial, Auto and index heavy-weight Reliance Industries. Sensex closed down by 110.90 points or 0.57% at 19,497.18 after touching day's high of 19,639.83 and low of 19,444.33, while Nifty ended down by 36 points or 0.61% at 5,896.95 after touching day's high of 5,940.20 and low of 5,884.55 for the day.

Sector wise, barring FMCG and IT index all other indices ended lower. FMCG closed up by 0.44% and IT ended up by 0.27%. Capital Goods declined by 2.27%, Oil & Gas fell by 1.59%, Auto down by 1.49%, Power, Real-Estate, Consumer Durables and Healthcare indices closed down between 1.25-1.11%, PSU ended down by 0.71%, Bank down by 0.65%, while Metal almost ended flat tad up by 0.04%. In broader market, both Mid-cap and Small-capindex ended down by 1.43% and 1.86% each.

Major stock gainers were, Hindustan Unilever Limited gained by 2.24%, Gail (India) up by 1.97%, HDFC Bank Limited gaining by 1.65%, Tata Steel Limited gained up by 1.17%, Tata Consultancy Services gained up by 1.15%, Coal India Limited gaining up by 0.92%, Infosys up by 0.85%, Tata Power up by 0.80%, NTPC gaining by 0.78%, Sun Pharmaceuticals up by 0.46%, Mahindra & Mahindra up by 0.28%, ITC gaining up by 0.12%, while Hindalco Industries and Jindal Steel tad up by 0.09%.

Major stock loser were, Bharti Airtel drowned by 4.02%, Wipro Limited down by 3.33%, Maruti Suzuki fell by 3.30%, Larsen & Tourbo down by 2.72%, Reliance Industires declining by 2.63%, Tata Motors down by 2.59%, State Bank of India and ICICI Bank fell by 1.80% and 1.64%, Cipla Limited and Dr Reddy's Laboratories declining by 1.57%-1.44% respectively, Hero Motocorp down by 1.44%, Sterlite Industries fell by 1.11%, BHEL, Bajaj Auto and ONGC declining by 0.80%-0.60% respectively, while HDFC tad down by 0.06%.

Bharti Airtel top index loser, drowned 4.02%, after reports that government has demanded additional revenue share for spectrum usage.

Wipro slipped down by 3.30%, after National Stock Exchange of India decided to exclude these company from its benchmark index Nifty from 1st April 2013.

State Bank of India dropped by almost 2%, after posting a marginal 4% rise in net profit Y-O-Y for third quarter ended December 2012 at Rs 3,396 crore, compared a year earlier.

Reliance Industries Limited declining by 2.63%, after company said that it is not obliged to provide full access to documents relating to years that are not under audit to CAG.

Overall market breadth was negative with 1,501 shares declining compared to 656 shares advancing, while 804 shares were unchanged.

Thu, Feb 14, 2013 at 13:00 PM
Markets trading lower
Markets trading lower, after opening flat in the morning, amid State Bank of India posted weaker-than-expected third quarter result. Sensex declined by 28.36 points or 0.15% at 19,579.72, after touching day's high of 19,639.83, while Nifty fell by 18.15 points or 0.31% at 5,914.80, after touching day's high of 5,940.20.

India's WPI inflation eased to 6.62 percent as to estimated 7 percent in January.

Sector wise, IT gained by 0.52%, Metal up by 0.29%, FMCG gained by 0.18%, while Auto dropped by 1.52%, Capital Goods fell by 1.30%, Consumer Durables and Power down by 1.04%-1.02% each, Healthcare, Real-Estate, Oil & Gas and Banks fell between 0.80-0.14% respectively. In broader markets, both indices traded negative with Mid-caps down by 1.12% and Small-caps falling by 1.41%.

Major stock movers were, HUL gained by 2.4%, GAIL rised by 1.3%, TCS and Infosys gaining by 1.3% and 1% respectively, Tata Steel up by 0.6%, HDFC Bank gained by 1%. While Bharti Airtel down by 3.7%, Wipro felling by 3%, Maruti Suzuki dropped by 2.6%, State Bank of India fell by 1%, Bajaj Auto down by 1%, HUL down by 0.7% and BHEL fell by 0.4% respectively.

State Bank of India fell by 1%, after it reported a 4% increase in net profit at Rs 3,396 crore for the quarter ended December 2012. It was Rs 3,263 crore in December 2011. The gross NPA for the quarter under review was 5.30% as against 5.15% in September 2012.

Sahara Housingfinance Corporation fell by about 15%, after the market regulator Sebi froze bank accounts of Sahara Group companies yesterday.

Overall market breadth is negative, of 2,672 shares traded, 1,851 shares declined compared to 697 shares advanced.


Thu, Feb 14, 2013 at 09:45 AM
Markets open flat
Markets opened on a flat note, as Investors would watch out for January WPI data scheduled for later today, which is likely to decide the stance of RBI's monetary policy on March 19. Also, third quarter the earnings of companies like SBI and DLF to be announced later today. Sensex has opened up 18 points or 0.10%, at 19626.81 is now at 19,611.92 up by 3.84 points or 0.02%, while Nifty opened up by 0.25 points at 5,933.20 is now up by 0.3 points at 5933.25

Sectoral wise, Auto index down by 1.02%, followed were Healthcare and Consumer Durables fell by 0.55-0.51%, Capital Goods, Power and Bank down between 0.32-0.01% respectively. Whereas IT index gained by 0.58%, Oil & Gas and PSU indices gained by 0.34-0.33% each, FMCF and Real-Estate tad up by 0.10-0.05%, while Metal index remain unchanged.

February 13, 2013

Market Pulse - 13 Feb, 2013


Wed, Feb 13, 2013 at 17:30 PM
Markets closed positive after paring morning gains.
Markets closed marginally positive on a firm note with buying in IT and Auto indices. Sensex closed up by 47.04 points or 0.24% at 19,608.08, after touching days high of 19,723.01 and low of 19,574.15, while Nifty ended up by 10.45 points or 0.18% at 5,932.95 after touching days high of 5,969.50 and low of 5,922.95.

Sector wise, IT index ended up by 1.29%, followed by Auto and Oil & Gas indices up by 0.29% and 0.12% each. Whereas Power index closed down by 1.56%, Metal and Real-Estate ended down by 1.25%-1.15% respectively. Consumer Goods, FMCG, PSU, Consumer Durables, Bank and Healthcare too closed weak between 0.89%-0.19% respectively. In broader market, Mid-cap and Small-cap closed down by 0.28% and 0.46% each.

Major stock gainers were, Tata Motor gained up by 2.11%, HDFC and ICIC Bank up by 1.79% and 1.19%, Mahindra & Mahindra gaining up by 1.59%, Tata Consultancy Service and Infosys gained up by 1.59% and 1.26%, Bharti Airtel up by 1.18%, ONGC gained up by 1.08%, Coal India, Sun Pharmaceuticals, NTPC and Reliance Industries up between 0.80%-0.26%, while ITC tad up by 0.03%.

Major stock losers were, Sterlite Industries dropped by 2.79%, Bajaj Auto and Hero Motocorp down by 2.75% and 0.55%, Tata Power down by 2.68%, Tata Steel and Jindal Steel fell by 2.18%-0.71% each, Gail (India) down by 1.96%, State Bank of India down by 1.83%, Hindalco Industries fell by 1.82%, BHEL down by 1.53%, Maruti Suzuki dropped by 1.48%, Hindustan Unilever and Cipla fell by 1.26% and 1.22% respectively, while Larsen & Tourbo, Wipro Limited, Dr Reddy's Laboratories and HDFC Bank fell between 0.82%-0.14% respectively.

Tata Motors jumped up by 2.1%, after it reported sales jumped 32% to 34,877 vehicles in Jaguar Land Rover (JLR) car unit for the month of January 2013.

Infosys gained up by 1.3%, on reports that it had signed a joint research collaboration agreement with National ICT Australia (NICTA) to modernise aging technology systems for cloud computing. Together they will be working in the ares like, optimising infrastructure and disaster management, logistics and smart grids as well as other emerging technologies.

Reliance Industries Limited gained up by 0.3%, after it reported that it has planned a scheduled maintenance at Jamnagar complex in Gujarat, one crude distillation unit of its SEZ refinery for a period of approximately 4 weeks starting from 18 February 2013.

Overall market breadth was negative with 1,229 shares declining compared to 892 shares gaining, while 852 shares were unchanged.
Wed, Feb 13, 2013 at 10:30 AM
Markets trading in a narrow range.
Markets, trading choppy in a narrow range after opening firm up in the morning. Sensex up by 37 points or 0.19% at 19,598, while NIfty up by 6 points or 0.1% at 5,928.50.

Sector wise, Real-Estate index dropped down by 5.7%, Power, IT amd Metal indices are also weak. In broader market Mid-cap and Small-cap indices down by 0.6% and 0.3% each.

ONGC gained up by 3%, after it reported a net profit of Rs 5,563 crore for the third quarter ended December 31, 2012 (Q3) due to lower than expected subsidy sharing. Dr Reddys Laboratories, Sun Pharmaceuticals and Bajaj Auto gaining up 1% each. ICICI Bank, HDFC and HDFC Bank were some of other key movers. On the other hand, Jindal Steel slipped down by 2%, Sterlite Industries, Tata Power and Infosys also down by 1.5% each.

Overall market breadth turned negative, of 2,097 shares traded 1,175 shares declining compared to 834 shares declining.
Wed, Feb 13, 2013 at 09:30 AM
Markets opened firm.
Markets opened positive taking cues from global market, amid buying interest in Oil & Gas and Auto indices. Sensex firm up by 101 points or 0.52% at 19,662 after opened up by 40.65 points or 0.21%, while Nifty gained up by 29.50 points or 0.50% at 5,952 after opened up by 20.65 points or 0.35%.

Sectoral wise, Real-Estate, Auto, Oil & Gas, IT, Consumer Durable indices gaining up by 1% respectively, while FMCG and Metal indices are marginally down.

Overall market breadth is positive with 875 shares advanced compared to 415 shares declined.

February 12, 2013

Market Pulse - 12 Feb, 2013


Tue, Feb 12, 2013 at 17:30 PM
Markets closed firm.
Markets closed firm, after opening flat in the morning, ending it's 8 days losing streak, shrugging off weak December IIP numbers. Sensex closed firm up by 100.47 points or 0.52% at 19,561.04, after touching day's high of 19,583.53 and low of 19,438.53, while Nifty ended up by 24.65 points or 0.42% at 5,922.50, after touching day's high of 5,927.65 and low of 5,886.45.

Sector wise, Oil & Gas closed up by 1.52%, Healthcare up by 1.19%, PSU ended up by 1.15%, Auto, Bank, Consumer Durables and FMCG ended up between 0.94-0.27%, while Capital Goods tad up by 0.08%, while Real-Estate index closed down by 3.96%, followed by IT, Metal and Power ended down between 0.63-0.28% respectively. In broader market Mid-cap index closed down by 0.3% and Small-cap index ended down by 0.5%.

ONGC gained by 3.81%, Sun Pharmaceutical up by 2.84%, Tata Motors and Mahindra & Mahindra gained up by 2.65% and 0.26%, Coal India gaining by 1.85%, Bharti Airtel gained by 1.79%, Bajaj Auto up by 1.51%, HDFC Bank, ICICI Bank and State Bank of India gained by 1.39%, 0.58% and 0.11% respectively, Reliance Industries higher up by 0.94%, BHEL gained up 0.77%, Dr Reddy's Laboratories up by 0.72%, Wipro up by 0.62%, Hindalco Industries gaining up by 0.31%, while Larsen & Tourbo inched up by 0.30% and ITC up by 0.28%.

Jindal Steel fell by 3.35%, Sterlite Industries and Tata Steel down by 1.31% and 0.21%, Infosys and TCS fell by 1.29% and 0.44%, Tata Power down by 0.77%, Cipla down by 0.48%, Hero Motocorp fell by 0.40%, Hindustan Unilever Limited and Gail (India) down by 0.20% and 0.12%, while Maruti Suzuki, NTPC and HDFC tad down by 0.09%, 0.07% and 0.04% respectively.

ONGC gaining up 3.81%, after it reported a better-than-expected net profit at Rs 5,563 crore for the third quarter ended December 31, 2012, due to lower than expected subsidy sharing.

Reliance Industries Limited gained up by 1%, after the company said its shutting down one of its crude distillation unit at its 5,80,000 barrels-per-day (bpd) export-oriented refinery at Jamnagar Complex for four weeks beginning February 18, 2013. As per company statement, thi shutdown opportunity would also be utilized to carry out necessary modifications to improve the reliability and performance of the unit.

Strides Arcolab gained up by 7.5%, expanding its previous two day’s gain, after the company clarified the delayed or cancelled in the company's injectables unit sale is purely speculative in nature.

Dishman Pharmaceuticals and Chemicals ended down by 4%, after company reported 62% year-on-year drop in its standalone net profit at Rs 5.75 crore for the third quarter ended December 2012 due to higher finance cost.

Elantas Beck India has drowned nearly by 13%, after the promoter fixed floor price for the sale shares at Rs 650 per share, a much below than Monday's closing price of Rs 741.85.

DB Realty and Unitech recovered marginally from their day lows but ended down by nearly 18% lower on reports that the CBI suspects its own prosecutor of aiding Unitech, managing director Sanjay Chandra, one of the accused in the 2G case.

Overall market breadth was negative with 1,270 shares declined compared to 848 shares gained.

Tue, Feb 12, 2013 at 09:30 AM
Markets opened flat
Markets open flat with negative bias, shrugging off cues from global markets. Sensex opened up by 29.30 points or 0.15% at 19,489.87 is current at 19,494.08 up by 33.51 points or 0.17%, while Nifty opened down by 3.5 points or 0.06% at 5,894.35, is current at 5,904.55 up by 6.70 points or 0.11%.

Sector wise, PSU gained by 1%, Capital Goods, Bank, Oil & Gas and Auto indices are about 0.5% up each, while Real-Estate fell by 3%, weighing on Index. Power and IT indices were also trading negative.

ONGC soared up by 2%, after company reported its Q3 numbers beating the forecast, even though the net was down 17.5%. Tata Motors gained up by 1%, following were Coal India, Hero MotoCorp and Dr Reddy's Laboratories, while Jindal Steel slipped by 1.3%, Infosys down by 1%, followed by TCS, Cipla and Wipro Limited.

NALCO up by 0.5%, on announcment that disinvestment of NALCO which could fetch Rs 1,400 crore is likely to hit the market after the Budget to ensure it is not impacted by volatility in the stock-markets.

Indian Hotels gained by 2%, after reporting the third quarter standalone net profit gained by 28% year-on-year to Rs 65 crore, though net sales grew at a slower 4 percent to Rs 545 crore.

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