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.
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.
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.
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