13 February, 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.

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