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.
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.
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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