February 28, 2013

Market Pulse - 28 Feb, 2013

Thu, Feb 28, 2013 at 18:30 PM
Markets closed negative post Union Budget.
Markets which opened positive and firmed further in the morning session, cracked down after the Union Budget 2013-14 which failed to cheer investor's sentiment. Market's sentiment further dampened after higher-than-excepted borrowings and expenditure for 2013-14 raised worries of high inflatin and economy growth. Sensex closed down by 290.87 points or 1.52% at 18,861.54 after opening up by 112.39 points or 0.59% at 19,264.80 and touching day's high of 19,322.28 and low of 18,793.97, while Nifty ended down by 103.85 points or 1.79% at 5,693.05 after opening up by 37.45 points or 0.65% at 5,834.35 and touching high of 5,849.90 and low of 5,671.90 in the day.

Sector wise, barring Consumer Durables and IT index which closed up by 0.85% and 0.47% each, all other indices closed negative, leading the list was Power crashing down by 4.29%, followed by indices like Bank and Capital Goods slumped down by 3.59% and 3.39%, Metal, PSU and Real-Estate declining between 2-3% respectively, Oil & Gas down by 1.64%, Auto down by 0.89%, Halthcare and FMCG fell by 0.68% and 0.37% each. In broader market, both the indices Mid-cap and Small-cap ended negative. Mid-cap crashed down by 2.46%, while Small-cap declining by 1.97% each.

Major stock gainers were, Tata Consultancy Sservices gaining by 2.14%, Bharti Airtel up by 0.62%, Tata Motors gained up by 0.49%, Sun Pharmaceuticals up by 0.40% and Bajaj Auto up by 0.35%.

Major stock losers were, State Bank of India crashed down by -5.8%, Tata Steel Limited, Hindalco Industries and Sterlite Industries fell by -4.04%, -3.03% and -2.59%, ICICI Bank, HDFC Bank and HDFC declining by -3.86%, -2.67% and -2.32%, Maruti Suzuki, Mahindra & Mahindra and Hero MotoCorp fell down by -3.74%, -2.27% and -0.32%, L&T down by -3.17%, Jindal Steel & Power down by -2.91%, Tata Power down by -2.87%, BHEL fell by -2.54%, Hindustan Unilever declining by -2.17%, NTPC fell by -2.05%, Reliance Industries Limited down by -1.99%, Cipla Limited down by -0.96%, ONGC fell by -0.59%, Wipro Limited down by -0.51%, Dr Reddys Laboratories down by -0.47%, Coal India Limited down by -0.43%, Gail (India) fell by -0.33% and Infosys tad down by -0.27%.

Overall market breadth turned negative, with 1,973 shares declining compared to 857 shares advancing, while 101 shares remained unchanged.

Thu, Feb 28, 2013 at 10:30 AM
Markets continue to trade firm.
Markets continue to trade firm, ahead of the Union Budget which is to be announced later today. Sensex is up by 109 points at 19,261 after touching high of 19,322.28, while Nifty is up by 31 points at 5,828 after touching high of 5,849.90.

Sectoral wise all indices are trading positive, leading the list Real-Estate and Capital Goods index gaining by 1.75% and 1.36%, following indices were PSU, Metal, Power, Oil & Gas, Auto, Bank, IT, FMCG, Consumer Durables and Healthcare up between 1-0.20% respectively. In broader market both the indices Mid-cap and Small-cap were up by 0.50% each.

Major stock movers were, Coal India Limited surged up by 3%, ONGC gained up by 1.20%, Larsen & Tourbo gaining up by 1.60%, Tata Motors up by 1.50%, Wipro Limited, Bharti Airtel and Sterlite Industries are too up by 1%, while Maruti Suzuki, Dr, Reddys Laboratories, Caipla Limited, ITC and Gail (india) were trading weak.

Jet Airways surging up 7%, on reports that the company has sold (and leased-back for own use) three pairs of Heathrow Airport parking slots at London for $70 million to Etihad Airways.

Coal India Limited surged up by 3%, after company's charman said, they are aiming to acuiring at least one foreign coal asset in the fiscal year 2013-14.

ONGC gained by 1.20%, after the company reported that it has started supplying gas under direct marketing from its isolated fields in the K-G Basin to Steel Exchange India Limited.

Larsen & Toubro advanced by 1.60%, after securing orders woth Rs 1,504 crore during the ongoing month.

Tata Motors gaining by 1.50%, on news that company is readying a range of vehicles for Indian Defence forces, which includes sophisticated combat, tactical, logistical and armoured vehicles including high-end missile launchers.

Overall market positive breadth strengthen with 1198 shares advanced compared to 756 shares declined.

Thu, Feb 28, 2013 at 09:30 AM
Markets opened firm.
Market have opened firm, ahed of Union Budget which is to be announced later toady. Sensex opened up by 112.39 points or 0.59% at 19,264.80, while Nifty opened up by 37.45 points or 0.65% at 5,834.35.

Sector wise, Capital Goods index surged up by 1.20%, followed by indices were PSU, Real-Estate and Oil & Gas each up by 1%, while FMCG was weak and slipped marginally.

Major stock movers were, ONGC surged up by 2.6%, Larsen & Toubro, Coal India Limited and Tata Motors gaining between 1-2% each, Wipro Limited, Bharti Airtel and Sterlite Industries are up by 1% each, while Maruti Suzuki slipped down by 1.3%, Dr Reddy's Laboratories fell by 0.6%, ITC, Cipla Limited and GAIL (India) too are trading weak.

Overall market breadth is positive, with 997 shares advancing compared to 546 shares declining.

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