February 22, 2013

Market Pulse - 22 Feb, 2013

Fri, Feb 22, 2013 at 18:30 PM
Markets closed almost flat.
Markets closed almost flat after a volatile session as investors opted to stay away as sentiments remained cautious ahead of the Union Budget. Sensex closed down by 8.35 points or 0.04% at 19,317.01, after opening flat up by 16.54 points or 0.09% at 19,341.90 and touching day's high of 19,401.75 and low of 19,289.83, while Nifty ended down by 1.95 points or 0.03% at 5850.30, after opening down by 14.45 points or 0.25% at 5,837.80 and touching day's high of 5,873.80 and low of 5,835.80 for the day.

Sectoral wise, Real-Estate index ended up by 1.35%, IT gained up by 0.83%, Healthcare up by 0.78%, Oil & Gas gaining up by 0.58%, Power, Bank and Capital Goods up by 0.23-0.17%, while FMCG declined by 1.41%, Auto and Metal down by 0.55-0.53% each, PSU fell by 0.29% and Consumer Durbales down by 0.15%. From broader markets, both the indices closed tad up by 0.02-0.11% respectively.

Major stock gainers were, Bharti Airtel gained by 4.6%, Wipro and TCS gaining by 2.4% and 0.4% respectively, Bajaj Auto edged up by 0.7%, ICICI Bank gained by 1.2%, Reliance Industries edged up by 0.7%.

Major stock losers were, HUL and ITC declined by 2.6% and 1.5% respectively, Sterlite Industries and Hindalco Industries dropped nearly by 1% each, SBI and HDFC Bank fell by 0.6% while Maruti Suzuki ended down over 2%.

Bharti Airtel spurted nearly by 5% on reports of company planning to meet global investors for a potential benchmark-sized dollar bond sale.

DLF Limited gained up by nearly 3%, after the management announced its intention of reducing its debt by half to Rs 11,000-12,000 crore over the next 2-3 years.

Jet Airways slumped nearly by 6%, after on reports that Etihad Airways had put a host of new conditions including an option to buy up-to 49% stake in the company.

TVS Motors fell by nearly 2.6%, as proxy advisory firm Institutional Investors Advisory Services has opposed the proposed appointment of Sudarshan Venu to the board of directors.

HDFC, dropped down by nearly 2%, after Goldman Sachs, a global brokerage firm, downgraded its rating fron 'Neutral' to 'Sell' citing concerns of Indian ecomony to recover at a modest pace and the prospect of rising competition.

Overall market breadth was marginally negative, of 2,994 shares 1,072 shares declined compared to 1,043 shares advanced while 879 shares remained unchanged.

Fri, Feb 22, 2013 at 15:30 PM
Markets ended flat.
Markets ended flat after a volatile session as investors opted to stay away, ahead of crucial Union Budget announcement scheduled next week. Sensex closed down by 16 points at 19,309.16 (provisionally), while Nifty closed down by 3 points at 5,848.90 (provisionally).

Major stock movers were, Bharti Airtel, Sun Pharmaceuticals and Wipro Limited gained between 2-4%, while Coal India Limited, Hindustan Unilever and Maruti Suzuki declined between 2-3%.

Fri, Feb 22, 2013 at 09:30 AM
Markets opened flat.
Markets opened flat on a muted global cues. Sensex opened up by 16.54 points or 0.09% is current up by points at 19,346, while Nifty opened down by 14.45 points or 0.25% at 5,852.25 is current up by just 2.75 points at 5,855.

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