07 March, 2013

Market Pulse - 07 Mar, 2013


Thu, Mar 07, 2013 at 16:30 PM
Markets closed higher.
Markets ended up higher surging in late trades, amid buying in Financial and IT sectors. Sensex closed up by 160.93 points or 0.84% at 19,413.54 after opening down by 30.56 points or 0.16% at 19,222.05 and touched a high of 19,465.52 and a low of 19,212.92, while Nifty ended up by 44.70 points or 0.77% at 5,863.30 after opening down by 17.30 points or 0.30% at 5,801.30 and it clocked a high of 5,878 and a low of 5,801.30 in the day.

Major stock gainers were, Hero MotoCorp spurted up by 4.05%, Tata Consultancy Services gaining up by 2.10%, Larsen & Toubro and Maruti Suzuki gained up by 2.08% and 2.07%, Wipro Limited advanced up by 1.82%, HDFC Bank, Sterlite Industries and Sun Pharmaceuticals gaining up by 1.70% and 1.62% each, ITC up by 1.46%, Infosys and BHEl gained up by 1.29%-1.28%, Cipla Limited gained up by 1.10%, ICICI Bank up by 1.08%, Bajaj Auto up by 1.04%, HDFC gained up by 0.97%, Mahindra & Mahindra gained up by 0.76%, ONGC up by 0.50%, Dr Reddys Laboratories inched up by 0.14%, while State Bank of India and Reliance Industries were tad up by 0.10%.

Major stock losers were, Jindal Steel & Power Limited fell by 2.28%, Hindustan Unilever down by 1.69%, Coal India Limited declined by 1.25%, Tata Motors declining by 1.07%, Tata Steel fell by 0.74%, Hindalco Industries down by 0.64%, Gail (India) down by 0.54%, Bharti Airtel fell by 0.39%, Tata Power down by 0.25%, while NTPC was marginally down by 0.20%.

Lovable Lingerie surged by over 8%, after the company stated that one of its promoter bought additional stake in the company through open market purchase.

Rollatainers ended up by 8%, after the company signed a Joint Venture Agreement with Toyo Machine Manufacturing Company Limited to develop, design, assemble, manufacture, produce industrial machines and spare parts for production packaging and printing machines for all kinds of consumer and industrial products in India and to market, sell and service the products throughout the territory.

DLF gained over by 4%, after company's board approved the issuance of fresh equity shares to reduce the promoter stake in the company, as per SEBI norms of 25% minimum public shareholding.

Elder Pharmaceuticals surged up by almost 5%, after the company said that it will form a joint venture (JV) company with the Japanese cosmetics major, Kose Corporation to manufacture and market cosmetic products for Indian market.

HDFC Bank and ICICI Bank gained by 1.70% and 1.08%, on hopes of credit growth revival after global rating agency Moody's stated that the worst might be over for India in 2014 duw to economic growth bouncing back to 7% and it also pushed the 2013 GDP forecast to 6.20% from 5.10%.

Multi Commodity Exchange of India (MCX) declined by 4%, after the reports that the NYSE Euronext (NYX) will sell its entire stake via block deal today.

Overall market breadth was positive with 1,523 shares advanced compared to 1,307 shares declined, while 131 shares remained unchanged.

Thu, Mar 07, 2013 at 14:30 PM
Markets edge higher.
Markets edged a bit higher, amid buying in IT sector, but investors remained were cautious ahead of the meetings of central banks of Britain and the euro zone for any signs of monetary stimulus to boost growth. Sensex gaining by 54.46 points or 0.28% at 19,307.07, while Nifty up by 12.70 points or 0.22% at 5,831.30.

Sector wise, IT, Real-Estate, Healthcare, FMCG and Capital Goods indices gained, while Metal, Oil & Gas, Bank and Auto indices declined. In broader market, both the indices were tad up by 0.10-0.20% respectively.

Major stock movers were, Hero Motocorp up by 3%, Infosys, Wipro Limited, Tata Consultancy Services gaining between 1-2% respectively, Larsen & Toubro, BHEL and Sun Pharmaceuticals gaining between 1-1.50%, whereas Hindalco Industries, Tata Steel and Jindal Steel & Power Limited were negative and down between 2-3% respectively, Tata Motors, ONGC, Hindustan Unilever, Gail (India), HDFC and Reliance Industries down between 0.70-1.50%.

Overall market breadth is tad negative with 1,378 shares declining compared to 1,223 shares advancing.

Thu, Mar 07, 2013 at 11:30 AM
Markets trading range bound.
Markets continue to trade range bound, amid caution ahead of the meetings of Central Banks of Japan, Britain and Euro Zone for any signs of monetary stimulus to boost growth. Sensex is down by 26.61 points or 0.14% at 19,226, while Nifty down by 11.60 points or 0.20% at 5,807.

Sectoral wise, Capital Goods, IT and Real-Estate gaining between 1-1.50% respectively, while Metal and Oil & Gas; declining by 1% each. In broader market, both the indices were trading flat with positive bias.

Major stock movers were, Larsen & Toubro, Sun Pharmaceuticals, Wipro Limited, BHEL, Hero Motocorp, Cipla Limited, Infosys and Tata Consultancu Services surging between 1-3% respectively, while Tata Steel, Tata Motors, Hindalco Industries, Hindustan Unilever and Jindal Steel & Power Limited were weak and trading between 1-3% respectively.

DLF surged up by 2.10%, after company's board approved the issuance of fresh equity to reduce the promoter holding in the company, as per SEBI norms of 25% minimum public shareholding.

Overall market breadth is tad positive with 1,114 shares advanced, while 1,190 shares declined.

Thu, Mar 07, 2013 at 11:00 AM
Markets trading in a tight range.
Markets trading in a tight range. Sensex is up by 2.61 points 0.01% at 19,255.22, while Nifty is down by 4.90 points or 0.08% at 5,813.70.

Sector wise, IT index is up by 1.36%, Capital Goods up by 0.98%, Real-Estate up by 0.87%, Healthcare, Power and Consumer Durables up between 0.70-0.30% respectively, while Metal index fell by 1.05%, Oil & Gas, Auto, Bank, FMCG and PSU down between 0.50-0.02% respectively.
Overall market breadth is tad positive with 1,195 shares advancing compared to 1,035 shares declining.
Thu, Mar 07, 2013 at 09:30 AM
Markets opens lower.
Markets opened lower with a negative bias as investors booked profits after two day rally, amid caution ahead of the meetings of Central Banks of Japan, Britain and Euro Zone for any signs of monetary stimulus to boost growth. Sensex opened down by 30.56 points or 0.16% at 19,222.05, while Nifty opened down by 17.30 points or 0.30% at 5,801.30.

Sector wise, Auto, Bank, Real-Estate, FMCG and Metal were trading weak, while Healthcare and IT were trading positive. In broader market, both Mid-cap and Small-cap fall down by 0.02% and 0.10% each.

Overall market breadth was firm with 323 shares advanced compared to 225 shares declined.

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