February 25, 2013

Market Pulse - 25 Feb, 2013

Mon, Feb 25, 2013 at 18:00 PM
Markets closed flat.
Markets almost closed flat as investors turned cautious ahead of Union Budget and derivative expiry. Sensex closed up by 14.68 points or 0.08% at 19,331.69 after opening up by 48.32 points or 0.25% and touching day’s high of 19,411.18 and low of 19,237.98. Nifty ended up by 4.45 points or 0.08% at 5,854.75 after opening up by 20.25 points or 0.35% at 5,870.55 and touched day’s high of 5,878.40 and low of 5,825 in the day.

Sector wise, IT and Auto indices were the only gainers ending up by 1.86% and 0.78%, while Healthcare index closed tad up by 0.02%. Real-Estate index slumped by 2.39%, Capital Goods slipped down by 1.68%, Metal, Oil & Gas and PSU were down by 1.08%, 1.05% and 1.04% respectively, Consumer Durables and FMCG fell by 0.32% and 0.31%, Bank down by 0.26%, while Power closed tad down by 0.06%. From broader markets, both Mid-cap and Small-cap closed negative. Mid-cap down by 1.20% and Small-cap down by 1.36%.

Major stock movers were, Infosys gaining by 2.84%, Tata Motors Limited up by 2.06%, Hero Motocorp up by 1.42%, BHEL gained up by 1.29%, Tata Consultancy Services, Sun Pharmaceuticals and State Bank of India gaining up by 1.16%, 1.15% and 1.11% each, Tata Power, Wipro Limited, Maruti Suzuki, Bajaj Auto Limited and Gail (India) gained between 1-0.50%, Mahindra & Mahindra up by 0.40% while HDFC and ICICI Bank tad up by 0.26-0.20%.

Major stock losers were, Cipla Limited, Larsen & Tourbo and ONGC dropped between 2.60-2.04%, Coal India Limited and Reliance Industries Limited down between 2-1% each, Tata Steel Limited and NTPC Limited fell by 0.96% each, Bharti Airtel, Hindustan Unilever, Sterlite Industries, Dr. Reddy’s Laboratories, HDFC Bank slipped between 1-0.50%, Hindalco Industries and Jindal Steel tad down by 0.37-0.24%.

Overall market turned negative with 1,802 shares declining compared to 1,011 shares advancing, while 131 shares unchanged.

Mon, Feb 25, 2013 at 13:00 PM
Markets trading range bound.
Markets trading in a narrow range amid selling pressure in broader market’s Mid-cap and Small-cap sector. Sensex is down by 15 points at 19,301, while Nifty is down by 7 points at 5,843.

Sectoral wise, Real-Estate index is dropped by 2.4 followed by indices were, Consumer-Durables, Oil & Gas, Capital Goods, Metal, Bank and PSU were also declined between 0.50-1% respectively, while IT index gained by 1.5%. From broader markets, both Mid-cap and Small-cap were trading negative, down by 1.20% and 1% respectively.

Major stock movers were, ONGC felling down by 2.20%, Cipla Limited, Sterlite Industires Limited, Coal India Limited, Larsen & Tourbo, Reliance Industries Limited and Jindal Steel & Power were down between 1-2% each. Infosys gaining by 2.40%, Tata Consultancy Servies, Wipro Limited, Tata Motors Limited, Maruti Suzuki, State Bank of India and Sun Pharmaceuticals were some of the other losers.

Overall market breadth is negative with 1,608 shares declining compared to 872 shares advancing.

Mon, Feb 25, 2013 at 09:30 AM
Markets trading weak
Markets trading weak after opening positive amid positive higher Asian markets. Sensex is down by 10 points or 0.05% at 19,307 after opening 48.32 points or 0.25% up at 19,365.32 while Nifty down by 6 points or 0.10% at 5,843 after opening up by 20.25 points or 0.35% at 5,870.55.

Select non-banking finance companies (NBFC) shares are in focus, after the Reserve Bank of India (RBI) has issued guidelines for the new bank licenses, which will pave the way for both corporate entities and NBFC to begin banking operations.

Mahindra & Mahindra Finance Services, Bajaj Finserv, SREI Infrastructure Finance, Religare Enterprises and L&T Finance Holdings are trading higher in the range of 5-7%.

Overall market breadth is positive with 875 shares advancing compared to 455 shares declining.

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