March 26, 2013

Market Pulse - 26 Mar, 2013


Tue, Mar 26, 2013 at 15:30 PM
Markets closed marginally positive.
Market after opening weak in the morning closed marginally positive. Sensex ended up by 10 points or 0.05% at 18,691.42 (provisionally) while Nifty closed up by 3.15 points or 0.06% at 5,637.00 (provisionally).

Tue, Mar 26, 2013 at 11:30 AM
Markets turns marginally positive.
Markets gaining marginally led by buying interest in FMCG and financial shares, although its trading in a narrow range. Sensex gaining up by 40 points at 18,721 while Nifty up by 11 points at 5,645.

Sector wise, FMCG index surged by over 1%, Consumer Durable, Banks, Healthcare, IT and PSU also gaining up marginally, while Realty, Oil & gas and Capital Goods indices declining between 1%-2% each.

Major gainers were, Coal India Limited, Bharti Airtel Limited, Hindustan Unilever Limited, ITC Limited and HDFC gaining between 1%-2%. Major losers were, Gail (India) dropped down over 3%, Reliance Industries Limited, Tata Steel Limited, Larsen & Toubro and Tata Power fell between 1%-3% each.

Syndicate Bank down almost by 4%, Indian Overseas Bank and Oriental Bank of Commerce fell down by 3% each after global rating agency Moody’s downgraded its Standalone Bank Financial Strength Rating (BFSR) on concerns of falling asset quality, pressure on profitability and capital generation.

Gail (India) dropped down over 3%, reports that Tamil Nadu government has blocked work on Kochi-Bengaluru gas pipeline.

Balmer Lawrie & Company gaining by 3%, ahead of its board meeting today to consider a maiden bonus issue proposal.

Larsen & Toubro declined by 1.30%, after the announcement that L&T General Insurance will be merged with Future Generali Insurance.

Overall market breadth in remains almost flat.

Tue, Mar 26, 2013 at 09:30 AM
Markets opened weak, amid weak global cues.
Markets opened lower tr acking weak global cues. Sensex after opening by points or % at is currnt at 18,665 down by 15 points while Nifty after opening by points or % at is current down by 6 points at 5,627.

The stock exchanges will remain closed on Wednesday and Friday following Holi and Good Friday holidays.

Sectoral wise, Realty and Oil & Gas indices declining nearly by 1% each, followed by indices Consumer Durables, Auto, Banks, PSU and Healthcare declining marginally. In broader markets, Mid-cap index declining by 0.27% and Small-cap fell marginally by 0.04%.

Major gainers were, Coal India Limited and HDFC gaining up by 1% each, while losers were, GAIL (India), Mahindra & Mahindra, Reliance Industries Limited, Tata Steel Limited, Cipla Limited, Bajaj Auto, Bharti Airtel and Dr Reddy’s Laboratories declining between 0.5-1% each.

Tata Consultancy Services is trading almost flat, amid news that Norway Post has awarded contracts worth $43 million to operate and manage its applications.

Colgate Palmolive slumped by 2%, after its board approved the selling of a division to Colgate Global Business Services for Rs 59.89 crore.

Overall market breadth is negative.

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