18 February, 2013

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.

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