April 30, 2013

Market Pulse - 3 May, 2013

Fri, May 3, 2013 at 17:30 PM
Markets closed lower, post RBI's policy.
Markets opened slightly negative in the morning and drifted down further and ended the day lower near the day's low, amid profit bookings in rate sensitive sectors after RBI announed its monetary policy. In it's policy review Reserve Bank of India reduced the repo rates by 25 basis points to 7.25% and left the CRR (Cash Reserve Ratio) unchanged at 4% and also hinted towards a little room for future policy easing. Sensex closed down up by 160.13 points or 0.81% at 19,575.64 after opening negative down by 27.82 points or 0.14% at 19,707.95 and touched a high of 19,744.85 and a low of 19,542.63, while Nifty closed down by 55.35 points or 0.92% at 5,944 after opening down by 5.85 points or 0.10% at 5,993.50 and touched a high of 6,000.30 and a low of 5,930.15 in the day.

Sectoral wise, Metal index surged up by 1.44%, Capital Goods gained up by 0.92%, IT advanced up by 0.44%, and Healthcare gained up by 0.22%. Bankex dropped by 2.40%, PSU, Auto, Realty and Consumer Durables fell between 2%-1% each, Oil & Gas down by 0.99%, Power fell by 0.59%, and FMCG slipped by 0.35%. While in broader markets both the Mid-cap and Small-cap index declined down by 0.26% and 0.39% respectively.

Major stock gainers were, Jindal Steel & Power Limited spurted up by4.22%, Hindalco Industries and Tata Steel Limited gained up by 2.30% and 2.22%, Sun Pharmaceuticals, Sterlite Industries and Larsen & Toubro gained between 2%-1%, Infosys and Wipro Limited up by 0.91% and 0.88%, Mahindra & Mahindra up by 0.43%, Bharti Airtel up by 0.32% Coal India Limited up by 0.28% and Hindustan Unilever almost flat up by 0.01%.

Major stock losers were, Tata Motors, State Bank of India and ICICI Bank dropped between 3.80%-3.50%, Gail (India) and Bajaj Auto dropped by 2.99% and 2.56% each, Cipla Limited, HDFC Bank, ONGC and HDFC declined between 2%-1% each, Maruti Suzuki, ITC, Tata Consulancy Services, Tata Power Company and NTPC fell between 1%-0.50%, Dr Reddys Laboratories down by 0.41%, Reliance Industries Limited declined by 0.19%, Hero Motocorp down by 0.18% and BHEL tad down by 0.10%.

Reliance Communication surged up by 4.85%, extending its month long rally, after the company signed Rs 1,200 crore agreement with Reliance Jio Infocomm to share its optic fibre netwon an April 2, 2013.

Adani Ports and Special Economic Zone spurted up by 6.19%, after the Union Home Ministry cleared the security clearance to bid for the port projects in the country.

Overall market breadth was negative with 1,339 shares declined compared to 1,027 shares advanced while 137 shares remained unchanged.

Market Pulse - 2 May, 2013

Thu, May 2, 2013 at 17:30 PM
Markets edged higher, on rate cut hopes.
Markets after opening slightly negative in the morning session gained quickly and edged higher past morning session to close firm positive, amid buying interest in rate sensitive sectors on hopes of rate cut by RBI (Reserve Bank of India) in its policy meet. Sensex closed firm up by 231.59 points or 1.19% at 19,735.77 after opening negative down by 44.85 points or 0.23% at 19,459.33 and touched a high of 19,792 and a low of 19,451.26, while Nifty closed up by 69.15 points or 1.17% at 5,999.35 after opening down by 18.80 points or 0.32% at 5,911.40 and touched a high of 6019.45 and a low of 5910.95 in the day.

Sectoral wise, all sector closed positive with IT index leading the list surged up by 2.55%, Capital Goods, Realty, Bankex and Power indices ended up between 2%-1% each, Oil & Gas and Consumer Durables indices gained up by 0.96% and 0.93% each, FMCG and PSU advanced up by 0.79% and 0.71%, Healthcare and Auto gained up by 0.57% and 0.35% and Metal inched up by 0.13%. Whereas in broader markets both the Mid-cap and Small-cap index gained up by 0.77% and 0.57%.

Major stock gainers were, Tata Consultancy Services and Mahindra & Mahindra spurged up by 3.84% and 3.48%, Larsen & Toubro and Infosys gained up between 3%-2%, HDFC, Reliance Industries Limited, NTPC, Sun Pharmaceuticals, State Bank of India, HDFC Bank Limited, ITC and Wipro Limited gained up between 2%-1%, ICICI Bank Limited and Cipla Limited advanced up by 0.74% and 0.73%, ONGC and Maruti Suzuki up by 0.69% and 0.68%, Tata Steel Limited gained up by 0.53% while Jindal Steel and Power advanced up by 0.43%.

Major stock losers were, Hero Motocorp and hindustan Unilever dropped by 1.93% and 1.93% each, Hindalco Industries, Gail (India), Bajaj Auto and Tata Motors declined between 1.50%-1% each, Dr Reddys Laboratories, Bharti Airtel and Coal India Limited fell between 1%-0.50% each, BHEL and Tata Power Company down by 0.42% each while Sterlite Industries down by 0.16%.
Bharti Airtel fell by 0.64%, after company reported a drop of 49% year-on-year (yoy) in its consolidated net profit at Rs 509 crore for the March 2013 ended quarter, due to higher depreciation and amortization cost, net interest cost, while company had reported a profit of Rs 1,006 crore a year ago in the same period.
Syndicate Bank spurted up by 8.01%, after reporting a better-than expected net profit for the quarter ended on March 2013, a jump of 92% year-on-year (yoy), due to lower provisioning for bad loans and tax expenses.

Overall market breadth was positive with 1,271 shares advanced compared to 1117 shares declined while 123 shares remained unchanged.

Market Pulse - 30 Apr, 2013

Tue, Apr 30, 2013 at 17:30 PM
Markets closed higher.
Markets after opening firm positive declined in the noon trading session but managed to close positive led by Hinduastan Unilever's strong up movement, following a stake hike by the parent company, Unilever PLC. Sensex closed up by 116.68 points or 0.60% at 19,504.18 after opening positively up by 105.33 points or 0.54% at 19,492.83 and touching a high of 19,622.68 and a low of 19,317.38, while Nifty ended up by 26.10 points or 0.44% at 5,930.20 after opening up by 28.50 points or 0.48% at 5,932.60 and touched a high of 5,962.30 and a low of 5,867.80 in the day.

Sectoral wise, FMCG index surged up by 4.65%, Metal, Healthcare and IT indices gained up between 1%-0.50% each, Aotu advanced up by 0.48%, Power up by 0.25% and PSU tad up by 0.15%, Realty index fell by 1.07%, Capital Goods and Consumer Durables declined by 0.47% and 0.44%, Banex and Oil & Gas down by 0.33% and 0.32%. Whereas in broader markets Mid-cap index gained up by 0.42% while Small-cap index dropped by 0.31%.

Major stock gainers were, Hindustan Unilever spurted up by 17.28%, Sterlite Industries surged up by 4.03%, Mahindra & Mahindra gained up by 2.24%, Wipro Limited, Coal India Limited, Dr Reddys Laboratories, ITC, Tata Motors Limited, Sun Pharmaceuticals Limited and Jindal Steel & Power Limited gained up between 2%-1% each, ICICI Bank, NTPC and BHEL Gained up between 1%-0.50%, Tata Consultancy Services up by 0.40%Infosys and Bharti Airtel advanced up by 0.24% and 0.20%, Gail (India) and Tata Steel Limited inched up by 0.19% and 0.15%.

Major stock losers were, HDFC, HDFC Bank Limited, Hindalco Industries and Larsen & Toubro dropped between 2%-1% each, BAjaj Auto and Maruti Suzuki declined by 0.80% and 0.71%, ONGC and Reliance Industries Limited fell by 0.56% each, Tata Power Company down by 0.52%, Cipla Limited fell by 0.39%, State Bank of India down by 0.36% and Hero Motocorop fell by 0.22% each.

Overall market breadth was negative with 1,271 shares declined compared to 1,067 shares advanced while 144 shares remained unchanged.

April 29, 2013

Market Pulse - 29 Apr, 2013

Mon, Apr 29, 2013 at 17:30 PM
Markets closed positive.
Markets opened almost flat to positive in the morning and remaining subdued till noon session managed to closed higher, amid HUL and Hero Motocrop result. Sensex ended up by 100.78 points or 0.52% at 19,387.50 after opening almost flat up by 19.95 points or 0.10% at 19,306.67 and touching a high of 19,428.94 and a low of 19,284.40, while Nifty closed up by 32.65 points or 0.56% at 5,904.10 after opening up by 6.15 points or 0.10% at 5,877.60 and stroked a high of 5,918.65 and a low of 5,868.80 in the day.

Sectoral wise, barring Metal and Healthcare indices which closed negative down by 0.79% and 0.08%, all other indices closed positive with Consumer Durables and FMCG indices leading the list, surged up by 2.43% and 2.30%, followed by Realty, Power and IT up between 2%-1%, Oil & Gas and Auto up by 0.55% and 0.53%, Bankex advanced by 0.47%, PSU gained up by 0.25% and Capital Goods index tad up by 0.08%. Whereas in broader markets Mid-cap index gained up by 0.68% while Small-cap index up by 0.27%.

Major stock gainers were, Hindustan Unilever spurted up by 6.98%, Wipro Limited surged up by 3.57%, Hero Motocorp gained up by 3.24%, Sterlite Industries gained up by 2.29%, ITC, ONGC, Mahindra & Mahindra and BHEL gained between 2%-1%, NTPC, Infosys, HDFC Bank and ICICI Bank gained between 1%-0.50% each, Maruti Suzuki and Tata Power Company up by 0.43% and 0.42%, Bajaj Auto up by 0.20%, Tata Consultancy Services up by 0.18%, Dr Reddys Laboratories up by 0.13% and Gail (India) tad up by 0.03%.

Major stock losers were, Jindal Steel & Power Company dropped by 4.24%, Coa India Limited declined by 1.74%, Sun Pharmaceuticals down by 1.50%, HDFC, Tata Steel Limited, Larsen & Toubro, State Bank of India and Cipla Limited fell between 1%-0.50% each, Hindalco Industries down by 0.20%, Bharti Airtel Limited, Reliance Industries Limited and Tata Motors Limited tad down by 0.09% and 0.07% each.

Indian Oversea Bank dropped by 5.07%, after reporting a shard decline of 89% yoy (year-on-year) in its net profit for quarter ended on March 2013 at Rs 59 crore due to higher provisioning bad loans.

Hexaware Technologies fell by 0.48%, after it reported a jump of 20% in its consolidated net profit quarter-on-quarter at Rs 79.28 crore for the quarter ended on March 2013 on lower operating expenses and forex exchange gain.

Hero Motocorop gaining by 3.24% after company reported a better-than-expected net profit of Rs 574 crore for the quarter ended on March 2013, while its net income for the same period went up by 1.84% from 6,035 crore.

Hindustan Unilever spurted up by 6.98% after company reported a better-than-expected 18% jump in standalone net profit of Rs 787 crore year-on-year (yoy) for the quarter ended on March 2013, on back of strong volume growth, while its income from operations grew by 12% at Rs 6,466 crore on yoy basis.

Overall market breadth was positive with 1,289 shares advanced compared to 1070 shares declined while 131 shares remained unchanged.

April 26, 2013

Market Pulse - 26 Apr, 2013

Fri, Apr 26, 2013 at 17:30 PM
Markets ended negative, snaps 4 day gains.
Markets after opening flat to negative in the morning remain subdued throughout the session on profit booking in index heavy-weights and rate sensitive sectors. Also investors remained side-lined ahesd of the RBI's monetary policy meet scheduled next week. Sensex ended down by 120.13 points or 0.62% at 19,286.72 after opening negatively down by 30.85 points or 0.16% at 19,376 and touching a high of 19,384.95 and a low of 19,249.75, while Nifty closed down by 44.85 points or 0.76% at 5,871.45 after opening down by 16.55 points or 0.28% at 5,899.75 and stroked a high of 5,907.05 and a low of 5,860.50 in the day.

Sectoral wise, barring Auto and Capital Goods indices which managed closed positively up by 0.84% and 0.29% all other indices closed negative with Realty index leading the list, dropped by 2.20%, Oil & Gas, IT, Bankex, Metal and Power closed down between 2%-1% respectively, PSU, FMCG and Healthcare fell by 0.80% each, while Consumer Durables tad down by 0.09%. Whereas in broader markets, both the indices Mid-cap and Small-cap closed negatively down by 0.64% and 0.54% respectively.

Major stock gainers were, Maruti Suzuki spurted up by 5.26%, Bharti Airtel surged up by 4.55%, Bajaj Auto gained up by 3.09%, Gail (India), Larsen & Toubro, HDFC and Tata Motors Limited gained between 2%-1% each, Hindalco Industries up by 0.81%, Cipla Limited up by 0.70%, Coal India Limited advanced up by 0.65% and Tata Power Company up by 0.26%.

Major stock losers were, Jindal Steel & Power Company dropped by 4.29%, Reliance Industries Limited fell by 3.19%, ICICI Bank Limited, Hindustan Unilever, Tata Steel Limited, Tata Consultancy Services and Mahindra & Mahindra declined between 3%-2% respectively, Sun Pharmaceuticals, BHEL, State Bank of India, Wipro Limited and Hero Motocrop dropped between 2%-1%, Sterlite Industries, Infosys and ONGC fell between 1%-0.50%, ITC down by 0.37%, NTPC down by 0.23% while Dr Reddys Laboratories and HDFC Bank Limited tad down by 0.13% and 0.03% respectively.

Jindal Steel and Power Limited slipped by 4.29%, after reporting 35% fall in its consolidated net profit at Rs 753 crore year on year (yoy) for the quarter ended on March 2013, duw to higher interest burden and lower sales.

LIC Housing Finance Limited spurted up by 6.31%, after reporting growth in net profit of Rs 316 crore an increase of 24% year on year (yoy) for the quarter ended on March 2013.

ICICI Bank Limited dropped by 2.82% ahead of RBI's policy meet, reported an increase of 21% in net profit at Rs 2,304 crore for the quarter ended March 2013 as compared to Rs 1,902 crore previous year in the same period, and net interest income increased by 22% to Rs 3,803 crore from Rs 3,105 crore.

Overall market breadth was firm negative with 1,356 shares declined compared to 949 shares advanced while 136 shares remained unchanged.

April 25, 2013

Market Pulse - 25 Apr, 2013

Thu, Apr 25, 2013 at 17:30 PM
Markets closed higher, amid buying in rate sensitive sectors.
Markets after opening flat to positve in the morning and volatile trading session throughout the sessions ended higher amid buying in rate sensitive shares after the fall in food inflation figures raising the hopes of rate cut by the RBI (Reserve Bank of India) in upcoming policy meet. Sensex closed positively up by 227.49 points or 1.19% at 19,406.85 after opening marginally up by 12.75 points or 0.07% at 19,192.11 and touching a high of 19,434.85 and a low of 19,192.11, while Nifty closed up by 79.40 points or 1.36% at 5,916.30 after opening up by 19.20 points or 0.33% at 5,856.10 and stroked a high of 5,924.60 and a low of 5,853.30 in the day.

Sectoral wise, IT index dropped by 1.65%, Realty and Consumer Durables fell by 0.64% and 0.48%, Auto and Healthcare indices surged up by 2.79% and 2.04% each, Oil & Gas, Metal, Bankex, Power and PSU indices gained up between 2%-1% each, Capital Goods gained up by 0.85% and FMCg up by 0.58%. While in broader markets, Mid-cap index gained up by 0.50% while Small-cap index tad up by 0.09%.

Major stock gainers were, Dr. Reddys Laboratories spurted up by 4.72%, followed by Gail (India), Tata Motor Limited and NTPC up by 4.25%, 4.21% and 4.06%, Maruti Suzuki, Hero Motocorp gained up between 4%-3%, Mahindra & Mahindra, Sterlite Industries, Sun Pharmaceuticals, Cipla Limited and HDFC gained between 3%-2% each, Reliance Industries Limited, State Bank of India, Hindalco industries, BHEL, Bajaj Auto, Coal India, Bharti Airtel Limited, ICICI Bank Limited, Tata Steel Limited and Larsen & Toubro aadvanced up between 2%-1% each while ITC up by 0.87%.

Major stock losers were, Wipro Limited dropped by 2.20%, Tata Consultancy Services down by 1.92%, Infosys fell by 1.55%, Hindustan Unilever down by 0.34%, while ONGC, Tata Power Company, JIndal Steel & Power Limited and HDFC Bank Limited were tad down between 0.10%-0.01% respectively.

Dr Reddys Laboratories surged up by 4.72% as stock outperforming the market by gaining 13% over past month after the company settled its claim against Nordion Inc (formerly MDS Inc.) based in Ottawa, for a cash payment of $22.5 million by Nordion to Dr Reddys Laboratories, in a case pending in a district court of New Jersey in the US.

Overall market breadth was positive with 1,221 shares advanced compared to 1,158 shares declined while 133 shares remained unchanged.

April 23, 2013

Market Pulse - 23 Apr, 2013

Tue, Apr 23, 2013 at 17:30 PM
Markets ended almost flat marginally up, amid weakness in banking and Capital goods sector.
Markets after opening almost flat in the morning and recovering from lows in the late-noon session managed to closed almost flat marginally up, amid weakness in banking and capital goods sectors ahead of the expiry of derivatives. Sensex ended marginally up by 9.53 points or 0.05% at 19,179.36 after opening up by 40.43 points or 0.21% at 19,210.25 and touching a high of 19,210.26 and a low of 19,042.08, while Nifty closed almost flat up by 2.50 points or 0.04% at 5,836.90 after opening up by 8.70 points or 0.15% at 5,843.10 and stroked a high of 5,844.30 and a low of 5,791.55 in the day.

Sectoral wise, Capital Goods index sliped down by 1.29%, Consumer Durables dropped by 1.14%, Realty declined by 0.67%, Bankex, PSU and Metal fell by 0.33%-0.26% while FMCG tad down by 0.03% whereas Healthcare and IT gained up by 0.66% and 0.64%, Oil & Gas advanced up by 0.51%, Auto and Power tad up by 0.12% and 0.06%. From broader markets, Mid-cap declined down by 0.38% while Small-cap index advanced up by 0.36%.

Major stock gainers were, Hero Motocorp up by 2.87%, Sun Pharmaceuticals and Bajaj Auto gained up by 2.51% and 2.40%, Reliance Industries Limited up by 1.74%, ICICI Bank and Wipro Limited advanced up by 1.20% and 1%, Dr Reddys Laboratories, Hindalco Industries Limited, Infosys and Tata Steel Limited up between 1%-0.50%, HDFC and Tata Consultancy Services up by 0.37% and 0.31%, NTPC and ITC tad up by 0.17% and 0.16%.

Major stock losers were, Jindal Steel & Power Limited dropped by 3.76%, Larsen & Toubro slipped by 2.04%, State Bank of India, HDFC Bank Limited, Tata Motors Limited, BHEL and Gail (India) declined between 2%-1% each, Tata Power Company, Sterlite Industries, Mahindra & Mahindra, Hindustan Unilever and ONGC down between 1%-0.50%, Bharti Airtel fell by 0.43%, Maruti Suzuki fell by 0.24% while Cipla Limited and Coal India Limited down by 0.21% each.
HDFC Bank Limited slipped by 1.41%, after it reported a 30% rise in net profit at Rs. 1,889 crore for the quarter ended on March 2013 amid higher loan growth, stable asset quality and fee income while in the same period a year ago it stood at Rs. 1,453 crore. The net interest income rose by 27% to Rs. 4,295 crore as against to Rs. 3,388 crore in March 2012, driven by 22.70% loan growth and Net Interest Margin of 4.50% for the quarter.
Rashtriya Chemical & Fertilizers, Chambal Fertilisers and Chemicals, National Fertilisers, Deepak Fertilisers and Petrochemicals Corporation and Coromandel International surged up by almost 2-9% on hopes of normal monsoon which may boost fertiliser demand.

 Overall market breadth was marginally negative with 1,227 shares declined compared to 1,134 shares advanced while 131 shares remained unchanged.

April 22, 2013

Market Pulse - 22 Apr, 2013

Mon, Apr 22, 2013 at 17:30 PM
Markets ended higher,  amid buying in banking and metal sector.
Markets after opening almost flat in the morning and gaining in later sessions and managed to close higher, amid buying interest in banking, metal and consumer durable secrtors. Sensex closed up by 153.37 or 0.81% at 19,169.93 after opening marginally down by 26.68 points or 0.14% at 18,989.78 and touched a high of 19,204.90 and a low of 18,989.78 while Nifty ended up by 51.30 points or 0.89% at 5,834.40 after opening marginally up by 6.75 points or 0.12% at 5,789.85 and touched a high of 5,844.85 and a low of 5,789.80 in the day.

Sectoral wise, barring IT index which ended negative dropping by 2.37%  all other indices closed positive. Topping the gainers list was Consumer Durables closing surging up by 4.26%, Realty and Capital Goods gaining up by 3.41% and 3.33%, Bankex, Metal and Power indices gained up between 3%-2%, PSU up by 1.28%, FMCG and Auto advanced up by 0.57% and 0.32%, while Healthcare and Oil & Gas tad up by 0.20% and 0.19%. From broader markets, Mid-cap and Small-cap indices gained up by 1.44% and 0.90% respectively.

Major stock gainers were, Coal India Limited and Larsen & Toubro surged up by 4.33% and 4.21%, HDFC Bank and BHEL gained up by 3.85% and 3.04%, Tata Steel Limited, ICICI Bank, HDFC and NTPC Limited advanced up between 3%-2%, Hindalco Industries Limited, Hero Motocorp, Jindal Steel & Power Limited, State Bank of India, Sun Pharmaceuticals and Reliance Industries Limited up between 2%-1% each, Maruti Suzuki, Gail (India), Tata Power Company and ITC up between 1%-0.50% while Bharti Airtel Limited advanced up by 0.43%.

Major stock losers were, Wipro Limited slumped by 7.95%, Infosys slipped by 2.22%, ONGC dropped by 1.84%, Tata Consultancy Services down by 1.75%, Bajaj Auto declined by 1.67%, Mahindra & Mahindra down by 1.20%, Dr Reddys Laboratories fell by 1.07%, Cipla Limited down by 0.90%, Sterlite Industries Limited down by 0.28 while Hindustan Unilever tad down by 0.09%.

Wipro Limited drowned by 7.95% after the company forecasting weak sales in its IT division for current quarter ending June 2013, revenue between $1.58-$1.61 billion compared to its $1.59 billion for the March quarter ended. Whereas, company reported 0.72% quarter-on-quarter growth in its consolidated net profit. 

Overall market breadth was positive with 1,390 shares advanced compared to 1,004 shares declined while 138 shares remained unchanged.

Market Pulse - 22 Apr, 2013

Mon, Apr 22, 2013 at 17:30 PM
Markets ended higher,  amid buying in banking and metal sector.
Markets after opening almost flat in the morning and gaining in later sessions and managed to close higher, amid buying interest in banking, metal and consumer durable secrtors. Sensex closed up by 153.37 or 0.81% at 19,169.93 after opening marginally down by 26.68 points or 0.14% at 18,989.78 and touched a high of 19,204.90 and a low of 18,989.78 while Nifty ended up by 51.30 points or 0.89% at 5,834.40 after opening marginally up by 6.75 points or 0.12% at 5,789.85 and touched a high of 5,844.85 and a low of 5,789.80 in the day.

Sectoral wise, barring IT index which ended negative dropping by 2.37%  all other indices closed positive. Topping the gainers list was Consumer Durables closing surging up by 4.26%, Realty and Capital Goods gaining up by 3.41% and 3.33%, Bankex, Metal and Power indices gained up between 3%-2%, PSU up by 1.28%, FMCG and Auto advanced up by 0.57% and 0.32%, while Healthcare and Oil & Gas tad up by 0.20% and 0.19%. From broader markets, Mid-cap and Small-cap indices gained up by 1.44% and 0.90% respectively.

Major stock gainers were, Coal India Limited and Larsen & Toubro surged up by 4.33% and 4.21%, HDFC Bank and BHEL gained up by 3.85% and 3.04%, Tata Steel Limited, ICICI Bank, HDFC and NTPC Limited advanced up between 3%-2%, Hindalco Industries Limited, Hero Motocorp, Jindal Steel & Power Limited, State Bank of India, Sun Pharmaceuticals and Reliance Industries Limited up between 2%-1% each, Maruti Suzuki, Gail (India), Tata Power Company and ITC up between 1%-0.50% while Bharti Airtel Limited advanced up by 0.43%.

Major stock losers were, Wipro Limited slumped by 7.95%, Infosys slipped by 2.22%, ONGC dropped by 1.84%, Tata Consultancy Services down by 1.75%, Bajaj Auto declined by 1.67%, Mahindra & Mahindra down by 1.20%, Dr Reddys Laboratories fell by 1.07%, Cipla Limited down by 0.90%, Sterlite Industries Limited down by 0.28 while Hindustan Unilever tad down by 0.09%.

Wipro Limited drowned by 7.95% after the company forecasting weak sales in its IT division for current quarter ending June 2013, revenue between $1.58-$1.61 billion compared to its $1.59 billion for the March quarter ended. Whereas, company reported 0.72% quarter-on-quarter growth in its consolidated net profit. 

Overall market breadth was positive with 1,390 shares advanced compared to 1,004 shares declined while 138 shares remained unchanged.

April 3, 2013

Market Pulse - 05 Apr, 2013

Fri, Apr 05, 2013 at 09:30 AM
Markets opened flat, amid weak global cues.
Markets have opened flat with negative bias amid weak global cues. Sensex opened down by 16.03 points or 0.09% at 18,493.67 is current at 18,691.42 down by 24.34 points or 0.13% while Nifty opened down by 6.65 points or 0.12% at 5,568.10 is current at 5,569.85 down by 4.90 points or 0.09%.

Sector wise, Healthcare, Auto, Realty, PSU and Oil & Gas indices gaining up between 0.20-0.70%, Bankex, FMCG and IT indices trading negative down between 0.20%-0.70%. In broader markets, both the indices Mid-cap and Small-cap indices advanced by 0.40% each.

Major stock movers were, Maruti Suzuki advancing by 2%, Gail (India), Tata Motors, BHEL, Bajaj Auto, Reliance Industries Limited, and ONGC gaining up by 1% each, while ICICI Bank Limited, HDFC, ITC and Tata Consultancy Services dropped between 1%-2% each whereas NTPC, Wipro Limited, HDFC Bank Limited and Infosys declining between 0.20%-0.60%.

Overall market breadth is positive with 650 shares advancing compared to 332 shares declining.



Market Pulse - 04 Apr, 2013

Wed, Apr 04, 2013 at 16:30 PM
Markets slumped, amid political uncertainity.
Markets after opening gap down in the morning could not recover and slumed further in noon session and ended firm negative, due to heavy sellings across the sectors, amid political uncertainity. Sensex closed down by 291.94 or 1.55% at 18,509.70 after opening gap down by 70.26 points or 0.37% at 18,731.38 and touched a high of 18,733.62 and a low of 18,473.82 while Nifty ended down by 98.15 points or 1.73% at 5,574.75 after opening down by 32.25 points or 0.57% at 5,640.65 and stroked a high of 5,644.45 and a low of 5,565.65 in the day.

Sectoral wise, all sector closed negative with Realty index leading the list slumped by 3.39%, following the trend were IT and Consumer Durables dropped by 2.45% and 2.05%, Bankex, Metal, Power, Capital Goods, FMCG and Oil & Gas indices declined between 2%-1% each, PSU dropped down by 0.61%, Healthcare fell by 0.52% and Auto index down by 0.42%. In broader markets, both the indices Mid-cap and Small-cap too slumped by 1.84% and 2.08% respectively.

Major stock gainers were, Dr. Reddys Laboratories surged up by 3.03%, Coal India Limited gainied up by 2.56%, Hindustan Unilever up by 1.68%, Maruti Suzuki advanced up by 1.06% while Mahindra & Mahindra and Tata Motors Limited marginally up by 0.26% and 0.08% respectively.

Major stock losers were, Jindal Steel & Power Limited slumped by 4.32%, Tata Steel Limited and Sterlite Industries dropped by 3.97% and 3.09%, Infosys, Hero Motocorp, ITC, Bharti Airtel, Hindalco Industries, Tata Consultancy Services, BHEL, HDFC and ICICI Bank Limited declined between 3%-2% each, State Bank of India, Cipla Limited, HDFC Bank, Larsen & Toubro, Tata Power Company, Reliance Industries Limited, Bajaj Auto and Wipro Limited fell between 2%-1% respectively, ONGC fell by 0.93%, Gail (India) down by 0.76%, NTPC down by 0.62% and Sun Pharmaceuticals fell by 0.55%.

Indraprastha Gas dipped by 2.70%, on reports of Supreme Court deferring its case hearing against Petroleum and Natural Gas Regulatory Board till April 16 2013.

Dr Reddys Laboratories surged up by 3.03% after company launched Zoledronic acid injection in the US market following approval by the USFDA (United States Food & Drug Administration).

Overall market breadth was firm negative with 1,850 shares declined compared to 907 shares advanced while 111 shares remained unchanged.

Market Pulse - 04 Apr, 2013

Wed, Apr 04, 2013 at 09:30 AM
Markets opened gap down, amid weak global cues.
Markets have opened gap down due to heavy sellings in financial and capital goods sector following weak global cues. Sensex opened gap down by 70.26 points or 0.37% at 18,731.38 is current at 18,619.88 down by 181.76 points or 0.97% while Nifty opened down by 32.25 points or 0.57% at 5,640.65 is current at 5,618.35 down by 54.55 points or 0.96%.

Sector wise, Realty index fell down by 1.70%, Bankex, Consumer Durables, Capital Goods, Metal, Oil & Gas and IT indices fell down between 1%-1.40%. In broader markets, Mid-cap and Small-cap indices fell down by 1% each.

Major stock movers were, ICICI Bank Limited, HDFC Bank Limited, State Bank of India and HDFC dropped between 1%-2% each, BHEL and Larsen & Toubro down by 1.80% and 1.30%.

Maharashtra Seamless up by 3.5%, after company announced that its board will consider share buyback proposal in the boards meeting to be held on 8th April 2013.

Overall market breadth is firm weak with 825 shares declining compared to 390 shares advancing.

 

Market Pulse - 03 Apr, 2013

Wed, Apr 03, 2013 at 16:30 PM
Markets closed negative, amid selling pressure.
Markets after opening almost flat in the morning session remained subdued most of the time till late noon where selling pressure was seen in index heavy weights dragging the markets lower to the days low. Sensex closed down by 239.31 points or 1.26% at 18,801.64 after opening flat down by 6.95 points or 0.04% at 19,034 and touching a high of 19,035.20 and a low of 18,721.72, while Nifty ended down by 75.20 points or 1.31% at 5,672.90 after opening down by 7.90 points or 0.14% at 5,740.20 and touching a high of 5,744.95 and a low of 5,650.10 in the day.
Sectoral wise, barring Healthcare and Power indices which ended marginally up by 0.17% and 0.06%, all other indices closed lower with Realty index leading the list and closed down by 2.68%, followed by Capital Goods, Auto and Metal declining between 2.30%-2% each, Oil & Gas, Bankex, Consumer Durables and PSU indices fell down between 2%-1%, IT declining by 0.91% while FMCG tad down by 0.07%. In broader markets, Mid-cap index declined by 0.81% and Small-cap index fell by 0.41%.
Major stock gainers were, Sun Pharmaceuticals advanced up by 1.54%, NTPC gaining by 0.94%, Tata Power Company up by 0.73% and ITC marginally up by 0.24%.
Major stock losers were, Bhart Airtel slumped by 3.95%, Bajaj Auto and Tata Motors Limited declined by 3.68% and 3.45%, Larsen & Toubro fell by 3.01%, Sterlite Industries, Hindalco Industries, Gail (India), Hero Motocorp, Reliance Industries Limited, Coal India Limited and ONGC declined between 3%-2%, Jindal Steel & Power Limited, Mahindra & Mahindra, Hindustan Unilever, ICICI Bank, State Bank of India, Tata Consultancy Services and BHEL down between 2%-1% each, Tata Steel Limited, Maruti Suzuki, HDFC, Cipla Limited and HDFC Bank down between 1%-0.50% respectively, Dr Reddys Laboratories and Infosys fell by 0.27% and 0.21% while Wipro Limited tad down by 0.18%.

Overall market breadth turned negative with 1,449 shares declined compared to 1,313 shares advanced while 131 shares remained unchanged.

Market Pulse - 03 Apr, 2013

Wed, Apr 03, 2013 at 09:30 AM
Markets opened flat, ahead of US data .
Markets opened almost flat with negative bias with selling pressure seen in fast cunsumer goods and consumer durables ahead of US data later today. Sensex opened flat down by 6.95 points or 0.04% at 19,034 is current at 18,983.16 down by 57.79 points or 0.30% while Nifty opened down by 7.90 points or 0.14% at 5,740.20 is current down by 16.80 points or 0.29% at 5,731.30.
Sector wise, Power, Realty, Healthcare were the indices which gained, while FMCG, Consumer Durables and Oil & Gas were indices which declined. In broader markets, Mid-cap and Small-cap  both gaining by 0.20% and 0.40% each.
Major stock movers were, Tata Power Company, BHEL and Cipla Limited gaining between 1%-4%, Bharti airtel slumped by 2%, Hindustan Unilever declined by 1.40% and ONGC fell by 1%.
Overall market breadth is positive with 813 shares gaining compared to 441 shares declining.

April 2, 2013

Market Pulse - 02 Apr, 2013

Tue, Apr 02, 2013 at 18:30 PM
Markets closed firm positive.
Markets after opening amlost flat in the morning session and traded range bound till early noon session ended firm positive led by index heavy weights amid positive European opening. Sensex closed up by 176.20 points or 0.93% at 19,040.95 after opening flat down by 0.93 points at 18,863.82 and touching a high of 19,060.51 and a low of 18,826.53 while NIfty ended up by 43.70 points or 0.77% at 5,748.10 after opening down by 2.70 points or 0.05% at 5,701.70 and touched a high of 5,754.60 and a low of 5,687.15 for the day.

Sectoral wise, all indices ended positive with Metal leading the list surging up by 2.07%, followed by Oil & Gas, Capital Goods, Healthcare, PSU, Power and Consumer Durables gaining between 2%-1% each, IT, Bankex and Realty gained up between 0.50%-1% respectively, Auto advanced up by 0.32% while FMCG marginally up by 0.07%. In broader markets, both the indices MId-cap and Small-cap closed positive up by 1.43% and 2.28%.

Major stock gainers were, Sun Pharmaceuticals and Wipro Limited surged up by 4.61% and 4.28%, Sterlite Industries gaining up by 3.79%, ONGC, Jindal Steel & Power Limited, State Bank of  India and Reliance Industries Limited gaining up between 3%-2% each,  Maruti Suzuki, Cipla Limited, Larsen & Toubro, Tata Steel Limited, BHEL, Hindalco Industries and Coal India Limited advanced up between 2%-1% respectively, HDFC Bank Limited, Infosys, Mahindra & Mahindra, Tata Consultancy Services and Dr Reddys Laboratories up between 1%-0.50%, Tata Motors Limited gained up by 0.49%, NTPC edged higher by 0.31% while Gail (India) and ITC marginally up by 0.22% and 0.21%.

Major stock losers were, Bajaj Auto declined by 1.53%, HDFC down by 0.74%, Tata Power Company fell by 0.47%, ICICI Bank Limited and Bharti Airtel down by 0.41% each while Hindustan Unilever and Hero Motocorp were tad down by 0.25% and 0.17%.

Overall market breadth was firm positive with 1,953 shares gained compared to 827 shares declined while 116 shares remained unchanged.

Market Pulse - 02 Apr, 2013

Tue, Apr 02, 2013 at 09:30AM
Markets opened flat.
Markets opened on a flat negative note, but managed to gain on back of buying in Oil & Gas sector. Sensex opened flat down by 0.93 points at 18,863.82 is current marginally up by 9.50 or 0.05% at 18,874.25 while NIfty opened flat down by 2.70 points or 0.05% at 5,701.70 is current at 5,704.85 flat up by 0.45 points.

Sector wise, Auto, Realty, FMCG, Bankex and IT indices down by 0.10%-0.50%, Healthcare, Capital Goods, Metal, Power, PSU and Oil & Gas indices advancing up between 0.30%-0.70% while Consumer Durables index is almost flat with negative bias. In broader markets, both the indices MId-cap and Small-cap  gained up by 0.30% each.

Major stock movers were, Larsen & Toubro, Cipla Limited and Tata Steel Limited advanced up by 1% each, Sterlite Industries, Sun Pharmaceuticals, Jindal Steel & Power Limited, BHEL, Gail (india), Hindalco Industries, Reliance Industries Limited, NTPC and Mahindra & Mahindra gaining up between 0.50%-0.80%. Whereas, Tata Motors Limited, BAjaj Auto, Maruti Suzuki and Hero Motocorp were trading weak between 0.20%-1%, HDFC, HDFC Bank Limited and ICICI Bank Limited down between 0.20%-0.60% each, Bharti Airtel, Tata Consultancy Services, ITC and Tata Power Company fel between 0.20%-0.30% respectively.

Overall market breadth is positive with 819 shares advancing compared to 387 shares declining.

April 1, 2013

Market Pulse - 01 Apr, 2013

Mon, Apr 01, 2013 at 17:30 PM
Markets closed marginally positive.

Markets closed marginally positive after opening firm positive in the morning and trading almost flat to negative in noon session as weak Asian bourses impacted Indian market. Sensex closed 28.98 points or 0.15% at 18,864.75 after opening up by 55.04 points or 0.29% at 18,890.81 and touching a high of 18,959.48 and a low of 18,796.60, while Nifty ended up by 21.85 points or 0.38% at 5,704.40 after opening up by 14.80 points or 0.26% at 5,697.35 and striking a high of 5,720.95 and a low of 5,675.90 in th eday.

Sector wise, except for Metal, Auto and FMCG were only indices which closed negative down by 1.22%, 0.75% and 0.04% all other indices ended positive with Realty index leading the list surging up by 5.37% followed by indices like Capital Goods and Power gaining by 1.68% and 1.09%, Healthcare advanced up by 0.97%, Bankex up by 0.63%, Oil & Gas, Consumer Durables and PSU edged up by 0.42% while IT ended up by 0.36%. In broader markets, Mid-cap index gained up by 1.28% and Small-cap index surged up by 2.30%.

Major stock gainers were, Dr Reddys Laboratories surged up by 3.34%, BHEL gaining up by 2.83%, Larsen & Toubro advanced up by 2.18%, Infosys gained up by 1.85%, Cipla Limited, Hindustan Unilever and NTPC up between 1.20%-1%, State Bank of India, Tata Steel Limited and ICICI Bank Limited up between 1%-0.60%, Reliance Industries Limited, Gail (India) and Bharti Airtel up between 0.60%-0.50% while Maruti Suzuki and Hindalco Industries marginally up by 0.27% and 0.22% reapectively.

Major stock losers were, Sterlite Industries dropped down by 4.37%, Jindal Steel & Power Limited, Tata Motors Limited, Coal India Limited, Wipro Limited, ONGC and Tata Consultancy Services dropped down between 2%-1%, ITC declined by 0.91%, Mahindra & Mahindra down by 0.79%, Tata Power Company and Bajaj Auto fell by 0.62%, Sun Pharmaceuticals, Hero Motocorp and HDFC declined by 0.53%, 0.41% and 0.33% each while HDFC Bank Limited tad down by 0.03%.

Overall market breadth was firm positive with 1,874 shares advanced compared to 869 shares declined while 92 shares remained unchanged.

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