14 February, 2013

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.

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