Wed, Feb 27, 2013 at 17:30 PM
Markets recovers on hope of economic growth.
Markets gained on back of economy growth hopes, after government raised the growth projection for fiscal year 2013-14. Sensex closed up by 137.27 points or 0.72% at 19,152.41 after opening up by 75.18 points or 0.40% at 19,090.32 and clocked a high of 19,213.02 and a low of 18,997.82, while Nifty ended up by 35.55 points or 0.62% at 5,796.90 after opening up by 23.55 points or 0.41% at 5,784.90 and touched a high of 5,818.20 and low of 5,749.70 in the day.
Sectoral wise, barring Healthcare and IT which ended down by 0.04% and 0.96%, all other indices closed positive. Leading the list was Capital Goods closing up by 2.41% and 2.12% each, Oil & Gas, Metal and FMCG gained up between 1.17%-1.10% respectively, Power and PSU ending up by 1.04-1.03% each, Consumer Durables, Bank and Auto closed up by 0.87%-0.62% respectively. In broader markets, both the indices Mid-cap and Small-cap closed up by 0.74% and 0.20% each.
Major stock gainers were, Bharti Airtel surged up by 3.29%, Larsen & Tourbo up by 3.16%, Mahindra & Mahindra gaining up by 3.03%, ONGC gained up by 2.91%, Bajaj Auto up by 2.23%, BHEL gained up by 2.15%, Tata Steel, NTPC, ICICI Bank, Jindal Steel & Power, ITC and Sterlite Industries gained up between 2-1% respectively, Reliance Industries Limited up by 0.88%, HDFC up by 0.82%, Cipla Limited gaining up by 0.76%, Wipro Limited gained up by 0.71%, State Bank of India up by 0.68%, Hindalco Industries up by 0.44%, Hindustan Unilever up by 0.28%, Maruti Suzuki gaining up 0.22%, Tata Power and Sun Pharmaceuticals tad up by 0.10%.
Major stock losers were, Gail (India) fell by -1.72%, Infosys down by -1.56%, Tata Motors dropped by -1.11%, Coal India Limited fell by -1.08%, Hero MotoCorp down by -1.01%, HDFC Bank down by -0.92%, Tata Consultancy Services fell by -0.75% and Dr Reddys Laboratories fell by -0.61%.
As per government forecast Indian economy may grow at 6.1-6.7% for the fiscal year 2013-14. Further, the economic survey sees fiscal deficit for FY14 at 4.8%, while the current account deficit is seen at 4.6% and the tax mop for FY13 is significantly lower than budget estimate.
Overall market breadth was tad positive with 1,441 shares advancing compared to 1,359 shares declining and 130 shares remained unchanged.
Markets recovers on hope of economic growth.
Markets gained on back of economy growth hopes, after government raised the growth projection for fiscal year 2013-14. Sensex closed up by 137.27 points or 0.72% at 19,152.41 after opening up by 75.18 points or 0.40% at 19,090.32 and clocked a high of 19,213.02 and a low of 18,997.82, while Nifty ended up by 35.55 points or 0.62% at 5,796.90 after opening up by 23.55 points or 0.41% at 5,784.90 and touched a high of 5,818.20 and low of 5,749.70 in the day.
Sectoral wise, barring Healthcare and IT which ended down by 0.04% and 0.96%, all other indices closed positive. Leading the list was Capital Goods closing up by 2.41% and 2.12% each, Oil & Gas, Metal and FMCG gained up between 1.17%-1.10% respectively, Power and PSU ending up by 1.04-1.03% each, Consumer Durables, Bank and Auto closed up by 0.87%-0.62% respectively. In broader markets, both the indices Mid-cap and Small-cap closed up by 0.74% and 0.20% each.
Major stock gainers were, Bharti Airtel surged up by 3.29%, Larsen & Tourbo up by 3.16%, Mahindra & Mahindra gaining up by 3.03%, ONGC gained up by 2.91%, Bajaj Auto up by 2.23%, BHEL gained up by 2.15%, Tata Steel, NTPC, ICICI Bank, Jindal Steel & Power, ITC and Sterlite Industries gained up between 2-1% respectively, Reliance Industries Limited up by 0.88%, HDFC up by 0.82%, Cipla Limited gaining up by 0.76%, Wipro Limited gained up by 0.71%, State Bank of India up by 0.68%, Hindalco Industries up by 0.44%, Hindustan Unilever up by 0.28%, Maruti Suzuki gaining up 0.22%, Tata Power and Sun Pharmaceuticals tad up by 0.10%.
Major stock losers were, Gail (India) fell by -1.72%, Infosys down by -1.56%, Tata Motors dropped by -1.11%, Coal India Limited fell by -1.08%, Hero MotoCorp down by -1.01%, HDFC Bank down by -0.92%, Tata Consultancy Services fell by -0.75% and Dr Reddys Laboratories fell by -0.61%.
As per government forecast Indian economy may grow at 6.1-6.7% for the fiscal year 2013-14. Further, the economic survey sees fiscal deficit for FY14 at 4.8%, while the current account deficit is seen at 4.6% and the tax mop for FY13 is significantly lower than budget estimate.
Overall market breadth was tad positive with 1,441 shares advancing compared to 1,359 shares declining and 130 shares remained unchanged.
Wed, Feb 27, 2013 at 12:30 PM
Markets gains after economic survey.
Markets extended it's gains after projection for fiscal year 2013-14 was raised by the government. Sensex gained by 115 points at 19,128.22, while Nifty gained by 29 points at 5,790.
The government forecast-ed that India's economy may grow at 6.1-6.7% for the fiscal year 2013-14.
Overall market breadth is negative with 1,401 shares declining compared to 1,044 shares advancing.
Markets gains after economic survey.
Markets extended it's gains after projection for fiscal year 2013-14 was raised by the government. Sensex gained by 115 points at 19,128.22, while Nifty gained by 29 points at 5,790.
The government forecast-ed that India's economy may grow at 6.1-6.7% for the fiscal year 2013-14.
Overall market breadth is negative with 1,401 shares declining compared to 1,044 shares advancing.
Wed, Feb 27, 2013 at 10:30 AM
Markets pares early gains.
Markets pared early gains and is trading in a narrow range, amid selling pressure ahead of Economic Survey which is to be tabled later today in the Parliament. Sensex is tad up by 2.86 points or 0.02% at 19,018, while Nifty tad down by 4.35 points or 0.08% at 5,757.
Sector wise, Auto, Healthcare and IT indices declined by almost 1% each, while FMCG and Capital Goods indices have gained by nearly 1% each.
The main losers on the Sensex at this hour include GAIL, Tata Motors, Dr Reddy’s, Hero Moto, Hindalco, Infosys, ONGC and M&M, all falling down between 1-2%.
Suzlon Energy surged by almost 8%, after company said that it has won 103MW (Megawatt) order from Oil & Natural Gas Corporation Limited (ONGC).
Ranbaxy Laboratories slumped lower by 4%, extended its previous day’s fall of about 4%, after company reported a lower-than-expected profit for the quarter ended December 31, 2012 (Q4).
CORE Education and Technologies drowned by 47%, on back of heavy volumes, despite the company's clarification that the pledged shares have not been sold in the open market.
Overall market breadth turned weak with 1,156 shares declining compared to 817 shares advancing.
Markets pares early gains.
Markets pared early gains and is trading in a narrow range, amid selling pressure ahead of Economic Survey which is to be tabled later today in the Parliament. Sensex is tad up by 2.86 points or 0.02% at 19,018, while Nifty tad down by 4.35 points or 0.08% at 5,757.
Sector wise, Auto, Healthcare and IT indices declined by almost 1% each, while FMCG and Capital Goods indices have gained by nearly 1% each.
The main losers on the Sensex at this hour include GAIL, Tata Motors, Dr Reddy’s, Hero Moto, Hindalco, Infosys, ONGC and M&M, all falling down between 1-2%.
Suzlon Energy surged by almost 8%, after company said that it has won 103MW (Megawatt) order from Oil & Natural Gas Corporation Limited (ONGC).
Ranbaxy Laboratories slumped lower by 4%, extended its previous day’s fall of about 4%, after company reported a lower-than-expected profit for the quarter ended December 31, 2012 (Q4).
CORE Education and Technologies drowned by 47%, on back of heavy volumes, despite the company's clarification that the pledged shares have not been sold in the open market.
Overall market breadth turned weak with 1,156 shares declining compared to 817 shares advancing.
Wed, Feb 27, 2013 at 09:30 AM
Markets opened higher.
Markets have opened higher ahead of Economic Survey which is to be tabled later today in the Parliament. Sensex opened up by 75.18 points or 0.40% at 19,090.32 is current at 19,086 up by 70.86 points or 0.37%, while Nifty opened up by 23.55 points or 0.41% at 5,784.90 is current at 5,781 up by 19.65 points or 0.34%.
Sector wise, Real-Estate index surged by almost 1.5%, followed by indices were Oil & Gas, Capital Goods, FMCG, Metal, Consumer Durable, Power, PSU and Bank all gaining between 1% each, while Auto and IT indices declined by 1% each.
Major stock movers were, gainers for this hours are Bharti Airtel, HDFC, Sterlite Industries, Reliance Industries Limited, BHEL, Jindal Steel & Power Limited, Hindalco Industries and Larsen & Tourbo and losers for this hour are Infosys, Tata Motors Limited, Mahindra & Mahindra, Hero Motocorp and Maruti Suzuki.
Bharti Airtel surged up by almost 3%, after Morgan Stanley raised it's rating from "equalweight" to "overweight", citing positive factors for the sector such as rising tariffs and data volumes, falling capital spending and eased competitive intensity.
Fairfield Atlas locked in upper circuit of 5%, after company's board approved the de-listing of the company received from parent company.
Overall market breadth is positive with 819 shares advancing compared to 369 shares declining.
Markets opened higher.
Markets have opened higher ahead of Economic Survey which is to be tabled later today in the Parliament. Sensex opened up by 75.18 points or 0.40% at 19,090.32 is current at 19,086 up by 70.86 points or 0.37%, while Nifty opened up by 23.55 points or 0.41% at 5,784.90 is current at 5,781 up by 19.65 points or 0.34%.
Sector wise, Real-Estate index surged by almost 1.5%, followed by indices were Oil & Gas, Capital Goods, FMCG, Metal, Consumer Durable, Power, PSU and Bank all gaining between 1% each, while Auto and IT indices declined by 1% each.
Major stock movers were, gainers for this hours are Bharti Airtel, HDFC, Sterlite Industries, Reliance Industries Limited, BHEL, Jindal Steel & Power Limited, Hindalco Industries and Larsen & Tourbo and losers for this hour are Infosys, Tata Motors Limited, Mahindra & Mahindra, Hero Motocorp and Maruti Suzuki.
Bharti Airtel surged up by almost 3%, after Morgan Stanley raised it's rating from "equalweight" to "overweight", citing positive factors for the sector such as rising tariffs and data volumes, falling capital spending and eased competitive intensity.
Fairfield Atlas locked in upper circuit of 5%, after company's board approved the de-listing of the company received from parent company.
Overall market breadth is positive with 819 shares advancing compared to 369 shares declining.
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