May 31, 2013

Market Pulse - 31 May, 2013

Fri, May 31, 2013 at 16:00 PM
Markets crashed after, GDP data .
Markets opened weak in the morning and traded weak till late noon and crashed down further as GDP data was announce, which was in line with expectations, weighed on Banking and Realty sectors shares as hopes for rate cut by RBI (Reserve Bank of India) faded which is scheduled next month. Sensex closed down by 455.10 points or 2.25% at 19,760.30 after opening weak down by 28.73 points or 0.14% at 20,186.67 and touched a high of 20,191.29 and a low of 19,730.55 while Nifty ended down by 138.10 points or 2.26% at 5,985.95 after opening down by 25.35 points or 0.41% at 6,098.70 and touched a high of 6,106.25 and a low of 5,977.55 in the day.

Sectoral wise, barring IT index which managed to close positive up by 0.94%, all other indices slipped into negative zone with Realty index leading the list dropping by 3.20% followed by indices were, Oil & Gas, FMCG, Bankex and PSU declined between 3%-2%, Power, Auto, Metal, Capital Goods and Consumer Duables fell between 2%-1% while Healthcare index was down by 0.85%. From the broader markets Mid-cap and Small-cap indices too closed negative with Mid-cap index closed down by 1.27% and Small-cap index fell by 1.50%.

Major stock gainers were, Infosys surged up by 2.79%, Sterlite Industries Limited gained up by 2.58% while Tata Consultancy Services closed almost flat up by 0.07%

Major stock losers were, Bharti Airtel Limited, Gail (India), Jindal Steel & Power Limited and ITC dropped between 5%-4%, Hindalco Industries Limited, Mahindra & Mahindra, HDFC, Reliance Industries Limited, Tata Steel Limited, Cipla Limited, HDFC Bank Limited and Wipro Limited declined between 4%-3%, BHEL, Sun Pharmaceuticals, ICICI Bank Limited and ONGC fell between 3%-2%, State Bank of India, Maruti Suzuki, Larsen & Toubro, NTPC, Hero Motocorp, Tata Power Company and Tata Motors Limited declined between 2%-1%, Coal India Limited, Bajaj Auto and Dr Reddys Laboratories fell between 1%-0.50% while Hindustan Unilever down by 0.34%.

GDP for fourth quarter grew at 4.80% per cent as against of 4.70% for previous quarter, which is marginally lower than an estimate of 4.9%. The GDP growth figure for Q3 has been revised to 4.70% against 4.50% earlier. GDP for FY13 grew at 5%, which is lowest in a decade, against 6.20% year-on-year (y-o-y). Helped by higher revenue mop up, fiscal deficit for 2012-13 worked out to be at 4.89% of GDP down revised from estimate of 5.20%.

Overall market breadth was firm negative with 1,589 shares declined compared to 791 shares advanced while 119 shares remained unchanged.

May 30, 2013

Market Pulse - 30 May, 2013

Thu, May 30, 2013 at 16:00 PM
Markets closed positive.
Markets opened negative in the morning session but regained its gaining momentum in late afternoon trades to close positive led by Auto and FMCG sector shares. Sensex ended positive up by 67.76 points or 0.34% at 20,215.40 after opening negative down by 80.70 points or 0.40% at 20,066.94 and touched a high of 20,254.03 and a low of 20,066.14 while Nifty closed up by 19.75 points or 0.32% at 6,124.05 after opening down by 32.15 points or 0.53% at 6,072.15 and touched a high of 6,133.75 and a low of 6,072.15 in the day.

Sectoral wise, Auto index surged up by 2.29%, FMCG gained up by 1.88%, Power advanced up by 0.71% and PSU inched up by 0.12%, while Realty index dropped by 2.39%, Metal declined by 1.11%, Oil & Gas fell by 0.74%, Capital Goods, Healthcare and Bankex down by 0.56% and 0.40%, Consumer Durables and IT fell marginally by 0.16% each. From the broader markets Mid-cap index closed almost flat up by 0.04%, while Small-cap index declined by 0.35%.

Major stock gainers were, Mahindra & Mahindra and Tata Motors Limited surged up by 4.61% ans 4.31%, ITC rose by 3.51%, HDFC, NTPC, HDFC Bank Limited and BHEL gained between 2%-1%, Bajaj Auto, Sun Pharmaceuticals and Bharti Airtel up between 1%-0.50%, Tata Power Company, Maruti Suzuki and Coal India Limited gained between 0.40%-0.20% while Tata Consultancy Services and Hindustan Unilever Limited inched marginally up by 0.10% and 0.08%
Major stock losers were, Cipla Limited dropped by 4.62%, Tata Steel Limited and Hindalco Industries Limited declined by 3.90% and 3.18%, ICICI Bank Limited fell by 2.71%, Hero Motocorp, Larsen & Toubro, Reliance Industries Limited, Jindal Steel & Power Limited and Sterlite Industries Limited fell between 2%-1%, State Bank of India, Wipro Limited, Dr Reddys Laboratories, Infosys and Gail (India) declined between 1%-0.30%, while ONGC marginally down by 0.09%.

Tata Motors Limited surged up by 4.31%, after company reported a strong performance by JLR (Jaguar Land Rover)  erasing its losses at the stand-alone level. The consolidated profit for the quarter ended on March 2013 stood at Rs 3,945 crore against to Rs 3,000 as estimated by the analysts.

Overall market breadth was negative with 1,327 shares declined compared to 1,062 shares advanced while 133 shares remained unchanged.

Market Pulse - 30 May, 2013

Thu, May 30, 2013 at 10:00 AM
Markets opened negative, amid weak Asian markets.
Markets opened negative taking cues from weak Asian markets, weigh down by profit booking in index heavy-weight. Sensex opened down by 80.70 points or 0.40% at 20,066.94 is current at 20,154.38 up by 6.74 points or 0.03%, while Nifty opened down by 32.15 points or 0.53% at 6,072.15 is almost flat down by 1.80 points or 0.03% at 6,102.50.

Sectoral wise, Auto index is up by 1.67%, Healthcare and FMCG indices up by 0.40% and 0.39%, Capital Goods and IT amost flat up by 0.05% and 0.02%, Realty dropped by 1.51%, Consumer Durables, Oil & Gas, Bankex and PSU declined between 1%-0.20% and Metal index fell by 0.06% while Power index is flat.

Major stock movers were, Bharti Airtel fell by 1.70%, Reliance Industries Limited declined by 0.30%, Infosys fell by 0.70%, ICICI Bank Limited, Cipla Limited and BHEL were other losers, while Tata Motors Limited gained up by 2.90%, ITC up by 0.60%, HDFC up by 0.50% and HDFC Bank Limited advanced up by 0.40%.

Overall market breadth is weak with 503 shares declined compared to 403 shares advanced.

May 29, 2013

Market Pulse - 29 May, 2013

Wed, May 29, 2013 at 16:00 PM
Markets closed marginally negative.
Markets after opening positive in the morning session slipped into negative zone and traded almost in the range but manage to gain towards closing session and ending the day marginally negative. Sensex ended down by 13.18 points or 0.07% at 20,147.64 after opening positive up by 41.69 points or 0.21% at 20,202.51 and touched a high of 20,216.49 and a low of 20,044.74 while Nifty closed down by 6.95 points or 0.11% at 6,104.30 after opening up by 9.20 points or 0.15% at 6,120.45 and touched a high of 6,125.05 and a low of 6,069.80 in the day.

Sectoral wise, Healthcare index closed up by 1.82%, Consumer Durables and FMCG gained by 0.82% and 0.58% and Auto and Oil & Gas indices advanced up by 0.34% and 0.12%, while indices declined were Realty index dropped by 2.50%, Metal index fell by 1.13%, Power and Bankex declined by 0.82% and 0.77%, IT and Capital Goods fell by 0.64% and PSU down by 0.31%. From broader markets Mid-cap index closed down by 0.39%, while Small-cap index declined by 0.16%.

Major stock gainers were, Sun Pharmaceuticals spurted by 7.09%, Tata Motors Limited and Hero Motocorp surged up by 2.69% and 2.39%, Coal India Limited and Cipla Limited gained up by 1.30% and 1.26%, ITC, Reliance Industries Limited and Hindustan Unilever Limited gained between 1%-0.50%, HDFC Bank Limited and ONGC up by 0.24% and 0.21%, Dr Reddys Laboratories advanced up by 0.18% while Bharti Airtel Limited almost flat up by 0.03%.

Major stock losers were, Sterlite Industries Limited and Tata Steel Limited dropped by 2.53% and 2.27%, Jindal Steel & Power Limited, Gail (India), ICICI Bank Limited, Mahindra & Mahindra, Maruti Suzuki, HDFC, State Bank of India, Tata Consultancy Services and Tata Power Company declined between 2%-1%, Bajaj Auto, Infosys and Larsen & Toubro fell between 1%-0.50%, NTPC and Wipro Limited down by 0.45% and 0.26% while BHEL marginally down by 0.05%.

Overall market breadth negative with 1,342 shares declined compared to 1,025 shares advanced while 137 shares remained unchanged.

Market Pulse - 29 May, 2013

Wed, May 29, 2013 at 10:00 AM
Markets opened flat, weighed by banking sector shares.
Markets after opening marginally positive slipped into negative zone. Sensex opened up by 41.69 points or 0.21% at 20,202.51 is current at 20,111.64 down by 49.18 points or 0.24%, while Nifty opened up by 9.20 points or 0.15% at 6,120.45 is down by 15.55 points or 0.25% at 6,095.70.

Sectoral wise, IT index is up by 0.80%, HEalthcare index up by 0.60%, while Bankex fell by 0.70%, Power, Capital Goods and Oil & Gas indices declined around 0.30% each.

Major stock movers were, Coal India Limited up by 1.1%, Sun Pharmaceuticals surged by 3%, Tata Consultancy Services and Wipro Limited gaining 0.50% and 1%, while Hindalco Industries Limited slipped by 1.50%, Dr Reddys Laboratories fell by 1.20%.

Overall market breadth is neutral with 804 shares advanced compared to 802 shares declined.

May 28, 2013

Market Pulse - 28 May, 2013

Tue, May 28, 2013 at 16:00 PM
Markets closed higher on firm global cues.
Markets opened flat with positive bias in the morning slipped down in later trades, but managed to closed higher due to firm global cues, led by index heavy weight Reliance Industries and ITC. Sensex closed up by 130.05 points or 0.65% at 20,160.82 after opening positive up by 25.51 points or 0.13% at 20,056.28 and touched a high of 20,209.82 and a low of 19,963.23 while Nifty closed up by 28.10 points or 0.46% at 6,111.25 after almost flat up by 3.20 points or 0.05% at 6,086.35 and touched a high of 6,127.65 and a low of 6,055.40 in the day.

Sectoral wise, baring Bankex and Healthcare which closed negative down by 0.05% and 0.68% all other indices closed positive with Oil & Gas index leading the list gained up by 1.65%, followed by indices were Auto, PSU, Consumer Durables and Power gained up between 1.50%-1%, FMCG, IT, Realty and Metal gained between 1%-0.40%, and Capital Goods advanced up by 0.28%. From broader markets Mid-cap index closed up by 0.60%, while Small-cap index advanced up by 0.48%.

Major stock gainers were, Hero Motocorp spurted up by 5.09%, BHEL & Coal India Limited gained up by 3.30% and 3.01%, Mahindra & Mahindra rose up by 2.22%, ONGC, ITC, Reliance Industries Limited, Bharti Airtel Limited, NTPC, Tata Steel Limited, Bajaj Auto, Dr Reddys Laboratories, ICICI Bank Limited and Tata Consultancy Services gained between 2%-1%, Tata Motors Limited and Maruti Suzuki gained up by 0.48% and 0.35%, Gail (India) up by 0.23%, and Wipro Limited and Jindal Steel & Power Limited marginally up by 0.19% and 0.16%.

Major stock losers were, Sun Pharmaceuticals, State Bank of India, Sterlite Industries Limited and Cipla Limited declined between 2%-1%, HDFC, Tata Power Company, Larsen & Toubro and Hindalco Industries Limited fell between 1%-0.50%, HDFC Bank Limited down by 0.22% while Hindustan Unilever tad down by 0.07%.

Overall market breadth was marginally positive with 1,204 shares advanced compared to 1,149 shares declined while 164 shares remained unchanged.

Market Pulse - 28 May, 2013

Tue, May 28, 2013 at 10:00 AM
Markets opened flat, on a weak global cues.
Markets have opened flat, amid weak global cues. Sensex opened up by 25.51 points or 0.13% at 20,056.28 while Nifty opened almost fat up by 3.20 points or 0.05% at 6,086.35..

Sectoral wise, PSU, Oil & Gas, Metal, Healthcare, Power and Capital Goods indicies gained between 0.80-0.20%, while Bankex and Consumer Durables opened negative and FMCG opened flat with negative bias. From broader markets Mid-cap index gained up by 0.20%, while Small-cap index advanced up by 0.30%.

Major stock movers were, Coal India Limited, ICICI Bank Limited, Bharti Airtel Limited and Larsen & Toubro gainings in the opening trades, while State Bank of India, Sterlite Industries Limited, Hindalco Industries Limited, BHEL, Mahindra & Mahindra, Wipro and HDFC losing down between 2%-1%.

Overall market breadth was positive with 604 shares advanced compared to 266 shares declined.

May 27, 2013

Market Pulse - 27 May, 2013

Mon, May 27, 2013 at 16:00 PM
Markets closed higher lower, led by index heavy-weigh.
Markets after opening positive in the morning managed to closed higher led by index heavy weight Reliance Industries. Sensex closed up by 326.44 points or 1.66% at 20,030.77 after opening positive up by 46.34 points or 0.24% at 19,750.67 and touched a high of 20,083.47 and a low of 6,083.15 while Nifty closed up by 99.60 points or 1.66% at 6,083.15 after almost flat up by 5.85 points or 0.10% at 5,989.40 and touched a high of 6,099.90 and a low of 5,975.55 in the day.

Sectoral wise, all indices closed positive with Consumer Durables index leading the list surgued up by 3%, followed by indices were Oil & Gas gained up by 2.76%, Metal, Healthcare, Bankex, Realty, Power and IT gained between 2%-1%, PSU, FMCG, Capital Goods and Auto indices advanced up between 1%-0.50% respectively. From broader markets Mid-cap index closed up by 1.14%, while Small-cap index advanced up by 0.79%.

Major stock gainers were, Reliance Industries Limited spurted up by 5.12%, Sun Pharmaceuticals surged up by 4.66%, Jindal Steel & Power Limited, Bharti Airtel Limited and Hindalco Industries Limited Larsen rose bbetween 4%-3%, Sterlite Industries Limited, HDFC, Tata Motors Limited and BHEL gained  between 3%-2%, HDFC Bank Limited, Tata Consultancy Services, Hero Motocorp, NTPC, ICICI Bank Limited, Tata Steel Limited, Dr Reddys Laboratories, Gail (India), ITC, Wipro Limited and Coal India Limited gained up by 2%-1%, Hindustan Unilever, Infosys, Bajaj Auto, ONGC and Larsen & Toubro up between 1%-0.50%, State Bank of India up by 0.49% while Tata Power Company inched up by 0.27%.

Major stock losers were, Cipla Limited declined by 1.70%, Mahindra & Mahindra fell by 1.60% and Maruti Suzuki down by 1.09%.

Reliance Industries Limited spurted up by 5.12%, after company reported that it hav strucked a significant gas and condensate discovery in the KG D6 block.

TTK Healthcare crashed by 11.53%, after reporting a 40% year-on-year (y-o-y) fall in net profit at Rs 2.25 crore for the fourth quarter ended on March 2013.

Overall market breadth was firm positive with 1,364 shares advanced compared to 981 shares declined while 140 shares remained unchanged.

May 24, 2013

Market Pulse - 24 May, 2013

Fri, May 24, 2013 at 16:00 PM
Markets ends lower, weighed by Asian markets.
Markets after opening positive traded almost in a range and ended the day marginally positive as Asian markets weighed on. Sensex closed up by 30 points or 0.15% at 19,704.33 after opening positive up by 90.99 points or 0.46% at 19,765.32 and touched a high of 19,833.14 and a low of 19,568.49 while Nifty closed up by 16.50 points or 0.28% at 5,983.55 after opening up by 43.65 points or 0.73% at 6,010.70 and touched a high of 6,015.30 and a low of 5,936.80 in the day.

Sectoral wise, Consumer Durables, Metal and Capital Goods indices gained up by 1.86% and 1.61%, Bankex, Power and Realty advanced up between 1%-0.50%, FMCG up by 0.27%, Oil & Gas and PSU marginally up by 0.09% and 0.02%, while Healthcare index dropped by 1.28%, IT declined by 0.74% and Auto index tad down by 0.04%. In broader markets both the indices Mid-cap and Small-cap ended positive, up by 0.37% and 0.30%.

Major stock gainers were, Tata Steel Limited spurted up by 4.56%, Tata Power Company surged up by 3.75%, Larsen & Toubro and ICICI Bank Limited gained up by 2.70% and 2.60%, Sterlite Industries Limited, Jindal Steel & Power Limited, Maruti Suzuki and NTPC gained between 2%-1%, Coal India Limited, Mahindra & Mahindra, Dr Reddys Laboratories and HDFC up between 1%-0.50%, HDFC Bank Limited and Reliance Industries advanced up by 0.42% and 0.35%, while Hindustan Unilever marginally up by 0.19%.

Major stock losers were, Sun Pharmaceuticals dropped by 3.67%, Hindalco Industries Limited, Cipla Limited, Tata Consultancy Services, BHEL and State Bank of India declined between 2%-1%, Tata Motors Limited, Hero Motocorp, Gail (India), ONGC, ITC, Bajaj Auto and Infosys fell between 1%-0.50%, Bharti Airtel Limited down by 0.45% and Wipro Limited ended marginally lower by 0.10%.

Overall market breadth was tad positive with 1,189 shares advanced compared to 1,098 shares declined while 147 shares remained unchanged.

May 23, 2013

Market Pulse - 23 May, 2013

Thu, May 23, 2013 at 16:00 PM
Markets ended lower, amid L&T.
Markets opened weak in the morning and continued to slide down and closed towards days low due to sellings in index weighs, State Bank of India, Larsen & Toubro and Reliance Industries Limited. Sensex ended down by 387.91 points or 1.93% at 19,674.33 after opening weak down by 90.87 points or 0.45% at 19,971.37 and touched a high of 20,027.56 and a low of 19,634.79 while Nifty closed down by 127.45 points or 2.09% at 5,967.05 after down by 44.10 points or 0.72% at 6,050.40 and touched a high of 6,081.45 and a low of 5,955.70 in the day.

Sectoral wise, all indices closed negative with Realty and Capital Goods index leading the list, crashed by 5.95% and 5.19%, followed by indices were Power down by 3.96%, Bankex, PSU, Oil & Gas and Consumer Durables declined between 3%-2%, Metal, Auto and Healthcare indices declined between 2%-1%, FMCG and IT down by 0.90% and 0.64%. In broader markets too ended negative, Mid-cap index declined down by 1.99% and Small-cap index fell by 2.20%.

Major stock gainers were, HDFC and Sun Pharmaceuticals were only index gainers for the day gaining up by 0.53% and 0.46%.

Major stock losers were, State Bank of India slipped by 7.96%, Larsen & Toubro shed 6.49%, Jindal Steel & Power Limited declined by 4.05%, Reliance Industries Limited, NTPC, BHEL, Bharti Airtel Limited, Mahindra & Mahindra and ICICI Bank Limited declined between 4%-3%, Tata Power Company, Sterlite Industries Limited, Maruti Suzuki, Tata Steel Limited and Bajaj Auto fell between 3%-2%, Wipro Limited, Hindalco Industries, Infosys and ITC fell between 2%-1%, HDFC Bank Limited, Coal India Limited and ONGC down between 1%-0.40%, Dr Reddys Laboratories and Tata Motors Limited down by 0.27% each, Hero Motocorp and Tata Consultancy Services declined by 0.10% each, while Cipla Limited and Hindustan Unilever ended marginally lower by 0.06% and 0.01%.

State Bank of India slipped down by 7.96%, after company reported a fall of 18.5% in net profit for the quarter ended March 2013 at Rs 3,299 crore as compared to Rs 4,050 for the same period previous year, due to higher provosions and decline in net interest income. 

BHEL fell by 3.74%, after company announced fell in net profit by 6.04% at Rs 6,614.73 crore for the year ended March 2013 as compared to Rs 7,039.96 crore for the same period previous year.

Overall market breadth was firm negative with 1,737 shares declined compared to 592 shares advanced while 117 shares remained unchanged.

May 22, 2013

Market Pulse - 22 May, 2013

Wed, May 22, 2013 at 16:00 PM
Markets closed lower, amid L&T.
Markets after opening positive in the morning traded range bound before declining and closing neative amid weigh down due to profit booking in L&T. Sensex ended down by 49.37 points or 0.25% at 20,062.24 after opening positive up by 39.08 points or 0.19% at 20,150.69 and touched a high of 20,220.35 and a low of 20,000.86 while Nifty closed down by by 19.60 points or 0.32% at 6,094.50 after opening marginally up by 12.95 points or 0.21% at 6,127.05 and touched a high of 6,147.60 and a low of 6,074.45 in the day.

Sectoral wise, Capital Goods and Realty index dropped down by 3.67% and 3.47%, followed by indices were Oil & Gas, Power, Metal and PSU down between 1%-0.50%, Bankex and Auto indices declined by 0.44%-0.40%, and Consumer Durables down by 0.08%, while FMCG index closed positive up by 0.83%, Healthcare index up by 0.41% and IT index marginally up by 0.13%. Whereas from broader markets, Mid-cap index declined down by 0.83% and Small-cap index fell by 0.82%.

Major stock gainers were, Sun Pharmaceuticals and Bharti Airtel Limited surged up by 2.90% and 2.25%, Dr Reddys Laboratories, NTPC and ITC gained between 2%-1%, Wipro Limited, Coal India Limited, ONGC and Mahindra & Mahindra up between 1%-0.40%, Tata Consultancy Services and State Bank of India gained up by 0.15% and 0.14%, Infosys, Hindalco Industries Limited and Jindal Steel & Power Company inched up  by 0.05% each, and ICICI Bank Limited almost flat up by 0.01%.

Major stock losers were, Larsen & Toubro slipped by 5.57%, Tata Power Company and Hero Motocorp declined by 2.16% and 2.04%, Gail (India), Sterlite Industries Limited, Reliance Industries Limited and BHEL fell between 2%-1%, Tata Steel Limited, HDFC Bank Limited, Maruti Suzuki and Tata Motors Limited fell between 1%-0.50%, HDFC and Cipla Limited down by 0.44% each, Infosys and Bajaj Auto declined by 0.38% and 0.26%while Hindustan Unilever ended marginally lower by 0.09%.
Larsen & Toubro dropped down by 5.57%, after company reported a drop of 6.90% in standalone net profit at Rs 1,787.94 crore for the quarter ended on March 2013, amid rise in interest outgo.

Overall market breadth was firm negative with 1,449 shares declined compared to 867 shares advanced while 130 shares remained unchanged.

May 21, 2013

Market Pulse - 21 May, 2013

Tue, May 21, 2013 at 16:00 PM
Markets ends lower, amid volatile session.
Markets after opening almost flat in the morning traded in the range and closed weak amid volatile session, weighed down by auto sector due to profit booking. Sensex ended down by 112.37 points or 0.56% at 20,111.61 after opening almost flat positive by 3.19 points or 0.02% at 20,227.17 and touched a high of 20,308.04 and a low of 20,072.68 while Nifty closed down by by 42.80 points or 0.70% at 6,114.10 after opening slightly weak down by 4.55 points or 0.07% at 6,152.35 and touched a high of 6,180.25 and a low of 6,102.35 in the day.

Sectoral wise, Realty index closed down by 2.59%, followed by indices were Auto, Power and PSU down between 2%-1%, Bankex, Healthcare, Oil & Gas and Metal indices declined between 1%-0.50%, FMCG and Capital Goods index fell by 0.35% and 0.33%, while IT index closed positive up by 0.80% and Consumer Durables index almost flat up by 0.01%. Whereas from broader markets, Mid-cap index declined down by 0.62% and Small-cap index fell by 0.43%.

Major stock gainers were, Coal India Limited surged up by 2.11%, BHEL and Tata Consultancy Services gained up by 1.83% and 1.03%, Infosys, Sun Pharmaceuticals and HDFC gained between 1%-0.50%, Hindalco Industries Limited and Wipro Limited rose by 0.32% and 0.24%, while ICICI Bank Limited ended marginally up by 0.11%.

Major stock losers were, NTPC dropped by 4.21%, Tata Motors Limited declined by 3.06%, Maruti Suzuki, State Bank of India and Tata Steel Limited fell between 3%-2%, ONGC, Jindal Steel & Power Limited, Mahindra & Mahindra, Sterlite Industries Limited and Dr Reddys Laboratories declined between 2%-1%, Bharti Airtel Limited, Hero MotoCorp, ITC, HDFC Bank Limited, Tata Power Limited, Larsen & Toubro and Bajaj Auto Limited fell between 1%-0.50%, Reliance Industries Limited and Gail (India)  down by 0.43% and 0.21%, while Hindustan Unilever and Cipla Limited were marginally down by 0.09% and 0.07%.

Overall market breadth was firm negative with 1,429 shares declined compared to 940 shares advanced while 143 shares remained unchanged.

May 16, 2013

Market Pulse - 16 May, 2013

Thu, May 16, 2013 at 16:30 PM
Markets edge up marginally higher.
Markets after opening tad negative in the morning session managed to gain momentum thereafter, but closed marginally positive amid rangebound trading session. Sensex ended up by 34.37 points or 0.17% at 20,247.33 after opening tad negative down by 45.03 points or 0.22% at 20,167.93 and touched a high of 20,326.48 and a low of 20,162.12 while Nifty up by 23.15 points or 0.38% at 6,169.90 after opening weak down by 18.50 points or 0.30% at 6,128.25 and touched a high of 6,187.30 and a low of 6,128.25 in the day.

Sectoral wise, FMCG index closed negative down by 1.06%, followed by indices were IT, Auto and Consumer Durables down between 0.99% and 0.40%, while Realty index surged up by 1.81% followed by indices were Oil & Gas, Healthcare and Bankex gained between 1.70%-1%, Capital Goods, Metal, Power and PSU advanced up between 1%-0.20% respectively. Whereas in broader markets, Mid-cap index gained up by 0.42% and Small-cap advanced up by 0.23%.

Major stock gainers were, Hindalco Industries Limited, Cipla Limited, Reliance Industries Limited, Dr. Reddys Laboratories and Sterlite Industries Limited gained up between 3%-2%, State Bank of India, BHEL, ICICI Bank Limited and HDFC Bank Limited rose between 2%-1%, Tata Steel Limited, Larsen & Toubro, ONGC and Wipro Limited gaining between 1%-0.40%, while mahindra & Mahindra marginally edged up by 0.06%.

Major stock losers were, ITC, Tata Motors Limited, Jindal Steel & Power Limited, Infosys and Tata Consultancy Services declined by between 2%-1%, Tata Power Limited, Bajaj Auto Limited, Maruti Suzuki, Gail (India), Coal India Limited, Hindustan Unilever, NTPC and Hero MotoCorp fell between 1%-0.50%, Sun Pharmaceuticals down by 0.44%, while Bharti Airtel Limited and HDFC were marginally down by 0.14% and 0.20%.

Bajaj Auto closed down by 0.70%, after company reported a 0.90% dip in the net profit for quarter ended on March 2013 at Rs 765, as against Rs 772 for the same quarter previous year.

Tata Motors ended down by 1.70%, after company reported 7.02% fall in its global sales for last month at 81,241 units.

Overall market breadth was negative with 1,032 shares declined compared to 952 shares advanced while 96 shares remained unchanged.

May 15, 2013

Market Pulse - 15 May, 2013

Mon, May 15, 2013 at 16:30 PM
Markets ends higher, post inflation data.
Markets after opening firm positive rallied through out the trading sessions ending the day at higher level, after RBI governor stating the fall in inflation which fueled the hopes of rate cut in next policy meet scheduled on next month. Sensex closed up by 490.67 points or 2.49% at 20,212.96 after opening firm up by 75.89 points or 0.38% at 19,798.18 and touched a high of 20,241.96 and a low of 19,798.18 while Nifty up by 151.35 points or 2.52% at 6,146.75 after opening up by 23.45 points or 0.39% at 6,018.85 and touched a high of 6,157.10 and a low of 6,018.85 in the day.

Sectoral wise, all index closed positive with Realty gaining the list spurted up by 4.04%, Bankex and Capital Goods surged up by 3.95% and 3%, PSU, Auto, Oil & Gas and Healthcare between 3%-2% each, Metal, Consumer Durables, Power and FMCG gained up between 2%-1% while IT closed up by 0.36%. In broader markets, Mid-cap index gained up by 1.58% and Small-cap advanced up by 0.98%.

Major stock gainers were, HDFC and State Bank of India surged up by 4.70% and 4.07%, Larsen & Toubro, ICICI Bank Limited, HDFC Bank Limited, Mahindra & Mahindra and Cipla Limited gained between 4%-3%, Hindalco Industries Limited, Reliance Industries Limited, ONGC, Tata Motors Limited, Jindal Steel & Power Limited, NTPC, Bajaj Auto Limited, Maruti Suzuki and ITC gaining between 3%-2%, Dr. Reddys Laboratories, Hero MotoCorp, Coal India Limited, Bharti Airtel Limited, Sterlite Industries Limited, Tata Steel Limited and BHEl up between 2%-1%, Sun Pharmaceuticals, Tata Consultancy Services, Gail (India), Hindustan Unilever and Infosys up between 1%-0.40% while Tata Power Company marginally up by 0.16%.

Major stock losers were, Wipro Limited declined by 0.53%.

Overall market breadth was firm positive with 1,466 shares advanced compared to 973 shares declined while 160 shares remained unchanged.

May 14, 2013

Market Pulse - 14 May, 2013

Mon, May 14, 2013 at 16:30 PM
Markets ended positive amid volatility.
Markets after opening positive slipped down in the morning session but managed to close positive amid valatile trading sessions. Sensex closed up by 30.62 points or 0.16% at 19,722.29 after opening positive up by 24.13 points or 0.12% at 19,715.80 and touched a high of 19,831.79 and a low of 19,652.69 while Nifty advanced up by 16.65 points or 0.28% at 5,997.10 after opening up by 9.25 points or 0.15% at 5,989.70 and touched a high of 6,026.20 and a low of 5,970.05 in the day.

Sectoral wise, Consumer Durables declined by 1.16%, Realty fell by 0.38%, Auto down by 0.20%, FMCG down by 0.09%, Healthcare gained up by 0.67%, PSU and Power up by 0.48% and 0.40%, Oil & Gas and IT up by 0.33% and 0.23%, Capital Goods and Bankex up by 0.16% and 0.10% while Metal closed flat without any change. In broader markets, Mid-cap index gained up by 0.27% and Small-cap was almost flat up by 0.04%.

Major stock gainers were, Sun Pharmaceuticals surged up by 2.03%, ONGC, Bharti Airtel and Gail (India) gained up between 2%-1%, Tata Motors Limited, Tata Power Company, Hindalco Industries, Cipla Limited, HDFC and State Bank of India advanced up between 1%-0.50%, Infosys, Tata Consultancy Services, Larsen & Toubro and Hindustan Unilever up between 0.50%-0.20% while ITC almost flat up by 0.01%.

Major stock losers were, Dr Reddys Laboratories dropped by 2.66%, Bajaj Auto Limited declined by 1.87%, Coal India Limited, Mahindra & Mahindra, BHEL, Reliance Industries Limited, HDFC Bank Limited and Hero Motocorp fell between 1%-0.50%, Tata Steel Limited, ICICI Bank Limited, Sterlite Industries Limited, Wipro Limited and Jindal Steel & Power Limited down between 0.50%-0.10% while NTPC and Maruti Suzuki were marginally down by 0.06% and 0.04%.

Muthoot Finance dropped by 5% after company reported a drop of 6.4% in net profit year-on-year (y-o-y) at Rs 220 crore for the quarted ending March 2013 due to higher provisioning.

Aptech spurted up by 8.6% after company approving buy back of shares at maximum of Rs 82 from open market.

Elder Pharmaceuticals closed up locked in upper circuit of 10%, on back of havy volumes as huge activities was seen on the counter.

Overall market breadth was neutral with 1,133 shares advanced compared to 1,196 shares declined while 137 shares remained unchanged.

May 13, 2013

Market Pulse - 13 May, 2013

Mon, May 13, 2013 at 15:30 PM
Markets closed lower amid profit booking.
Markets after opening weak in the morning trumbled down further and closed firm negative, amid profit booking in index heavy weights. Sensex ended the down by 430.65 points or 2.14% at 19,691.67 after opening down by 48.91 points or 0.24% at 20,073.41 and touched a high of 20,109.08 and a low of 19,667.39 while Nifty closed down by 126.80 points or 2.08% at 5,980.45 after opening down by 9.05 points or 0.15% at 6,098.20 and touched a high of 6,104.95 and a low of 5,972.90 in the day.

Sectoral wise, all indices closed negative, with FMCG, Capital Goods and Metal indices dropped by 3% each, Auto, PSU, Oil & Gas, IT, Consumer Durables, Healthcare, Bankex, Power and Realty fell between 1-2%. From broader markets, Mid-cap index plunged by 1.45% and Small-cap index slipped by 1.17%.

Major stock losers were, ITC plunged by 5.31%, Tata Steel and Bharti Airtel slumped by 4.22% and 4.14%, Tata Motors Limited dropped by 3.27%, Larsen & Toubro, Gail (India) BHEl, Sterlite Industries, Bajaj Auto Limited, Tata Consultancy Services, ONGC and Coal India declined between 3%-2%, Jindal Steel & Power Limited, Cipla Limited, Wipro Limited, Hero Motocorp, Maruti Suzuki, Hindalco Industries, ICICI Bank Limited, HDFC, HDFC Bank Limited, Reliance Industries Limited,  Tata Power Company, Mahindra & Mahindra and State Bank of India fell between 2%-1%, Infosys, Sun Pharmaceuticals, Hindustan Unilever and Dr Reddys Laboratories were down between 1%-0.30% while NTPC was marginally down by 0.16%.

Cochin Minerals and Rutile crashed by 18%, on reports of net loss of Rs 1.19 crore for the quarter ended on March 2013.

JK Cement plunged by 7%, after it reported a fll of 30% year-on-year in standalone net profit at Rs 56.20 Crore for the quarter ended on March 2013.

Elder Pharmaceuticals closed down locked in lower circuit of 10%, extending its four day fall, after the institutinal investors sold its stake in open market.

Overall market breadth was firm negative with 1,540 shares declined compared to 810 shares advanced while 106 shares remained unchanged.

May 11, 2013

Market Pulse - 11 May, 2013

Sat, May 11, 2013 at 14:00 PM
Markets closed positive inspecial trading session.
Markets closed almost flat with positive bias in a special trading session of two-hour, amid lack of Institutional Investors participation. Sensex ended the day up by 39.70 points or 0.20% at 20,122.32 after opening flat positive up by 9.31 points or 0.05% at 20,091.93 and touched a high of 20,146.83 and a low of 20,055.18, while Nifty closed up by 12.50 points or 0.21% at 6,107.25 after opening negative down by 6.55 points or 0.11% at 6,088.20 and touched a high of 6,114.55 and a low of 6,084.15 in the day.

Sectoral wise, Healthcare index surged up by 1.55%, PSU and Metal indices gained up by 0.59% and 0.56%, Consumer Durables and FMCG up by 0.44% and 0.43%, Oil & Gas and Bankex gaining up by 0.34% and 0.23%, Auto and Capital Goods inched up by 0.05% and 0.03%, while IT fell by 0.26%, Power and Realty were tad down by 0.04% and 0.02%. In broader markets, both the Mid-cap and Small-cap index gained up by 0.31% and 0.32%.

Major stock gainers were, Dr Reddys Laboratories surged up by 3.39%, Sun Pharmaceuticals, Sterlite Industries, Coal India Limited and Cipla Limited advanced up between 2%-1%, ONGC, State Bank of India, ITC, Maruti Suzuki, Hero Motocorp, Bharti Airtel Limited, Hindalco Industries, Tata Power Company, Bajaj Auto and Tata Steel Limited up between 1%-0.20%, Hindustan Unilever, ICICI Bank Limited and Reliance Industries Limited up by 0.19% and 0.15%, while Larsen & Toubro inched up by 0.10%.

Major stock losers were, NTPC dropped by 0.64%, Tata Consultancy Services down by 0.46%, BHEL and Infosys down by 0.36% each, HDFC, Tata Motors Limited, Jindal Steel & Power Limited and Wipro Limited fell between 0.30%-0.20%, while Mahindra & Mahindra, HDFC Bank Limited and Gail (India) tad down between 0.10%-0.03%.

MMTC surged 8%, on back of heavy volumes, after company expects its gold jewellery and silver sales to double during a five-day exhibition organised to mark the Akshaya Tritiya festival.

Essar Oil closed up by 3.4%, after company reported a net profit of Rs 200 crore for the quarter ended on March 2013, due to steep hike in gross refining margins, while earlier in the same quarter last year company had a loss of Rs 608 crore. The company's gross revenue also increased by 34% from Rs 19,160 crore to Rs 25,757 crore.

Elder Pharmaceuticals closed down locked in lower circuit of 20%, after the private sector bank Ratnakar Bank off-loaded oer 1 lakh shares via open market transaction on Friday.

Overall market breadth firm positive with 1,023 shares advanced compared to 647 shares declined while 98 shares remained unchanged.

May 10, 2013

Market Pulse - 10 May, 2013

Fri, May 10, 2013 at 17:30 PM
Markets closed higher, post positive IIP data.
Markets opened slightly weak in the morning and gaining momentum after noon session, amid positive IIP (Index of Industrial Production) data led by auto sector. Sensex closed up by 143.58 points or 0.72% at 20,082.62 after opening negative down by 27.96 points or 0.14% at 19,911.08 and touched a high of 20,119.14 and a low of 19,908.80, while Nifty closed up by 44.60 points or 0.74% at 6,094.75 after opening down by 3.90 points or 0.06% at 6,046.25 and touched a high of 6,105.30 and a low of 6,045.60 in the day.

Sectoral wise, barring Power and Metal indices which closed down by 0.30% and 0.22%, all other indices closed positive with Auto and Consumer Durables gaining the list ending up by 2.20% and 2.03%, followed by indices like FMCG and Bankex gained up by 1.42% and 1.23%, PSU, Realty and Healthcare advanced up by 0.41%, 0.36% and 0.35%, Oil & Gas and ITCapital up by 0.25% and 0.22% while Capital Goods inched up by 0.05%. From broader, markets both the Mid-cap and Small-cap index advanced up by 0.19% and 0.22%.

Major stock gainers were, Maruti Suzuki surged up by 3.99%, Tata Motors Limited, Hindalco Industries Limited, ITC and Mahindra & Mahindra gained up between 3%-2%, HDFC Bank Limited, Dr Reddys Laboratories, Bajaj Auto, ONGC and ICICI Bank Limited up between 2%-1%, Gail (India) and Tata Steel Limited up by 0.72% and 0.66%, Infosys and BHEL up by 0.43% and 0.41%, Tata Power Company, Wipro Limited and Hindustan Unilever inched up by 0.05-0.01% each.

Major stock losers were, Coal India Limited dropped by 2.96%, Jindal Steel & Power Limited declined by 2%, Sun Pharmaceuticals fell by 1.40%, NTPC, Reliance Industries Limited and Cipla Limited fell between 1%-0.50%, Larsen & Toubro, Tata Consultancy Services and Bharti Airtel Limited declined between 0.40%-0.20%, HDFC, Sterlite Industries and State Bank of India tad down between 0.20%-0.03%.

IIP growth rose at a pace of 2.5% in March 2013, after it's moderate growth of 0.06% in February 2013 and 2.4% in January 2013.

NTPC fell by 0.83%, after company reported a 28.31% increase in net profit of Rs 1,25,907.80 million for the year ended on 31 March 2013, compared to Rs 98,127.90 million in the previous year. Total income of the company increased 5.4% from Rs 6,88,424.80 million for the year to Rs 7,25,407.90 million.

HCL Infosystems dropped by 3.80%, after reporting a standalone net loss of Rs 14.96 crore for the quarter ended on March 31, 2013 against a net profit of Rs 20.02 crore in the previous year.

Overall market breadth was a bit negative with 885 shares declined compared to 821 shares advanced while 69 shares remained unchanged.

Market Pulse - 10 May, 2013

Fri, May 10, 2013 at 17:30 PM
Markets closed higher, post positive IIP data.
Markets opened slightly weak in the morning and gaining momentum after noon session, amid positive IIP (Index of Industrial Production) data led by auto sector. Sensex closed up by 143.58 points or 0.72% at 20,082.62 after opening negative down by 27.96 points or 0.14% at 19,911.08 and touched a high of 20,119.14 and a low of 19,908.80, while Nifty closed up by 44.60 points or 0.74% at 6,094.75 after opening down by 3.90 points or 0.06% at 6,046.25 and touched a high of 6,105.30 and a low of 6,045.60 in the day.

Sectoral wise, barring Power and Metal indices which closed down by 0.30% and 0.22%, all other indices closed positive with Auto and Consumer Durables gaining the list ending up by 2.20% and 2.03%, followed by indices like FMCG and Bankex gained up by 1.42% and 1.23%, PSU, Realty and Healthcare advanced up by 0.41%, 0.36% and 0.35%, Oil & Gas and ITCapital up by 0.25% and 0.22% while Capital Goods inched up by 0.05%. From broader, markets both the Mid-cap and Small-cap index advanced up by 0.19% and 0.22%.

Major stock gainers were, Maruti Suzuki surged up by 3.99%, Tata Motors Limited, Hindalco Industries Limited, ITC and Mahindra & Mahindra gained up between 3%-2%, HDFC Bank Limited, Dr Reddys Laboratories, Bajaj Auto, ONGC and ICICI Bank Limited up between 2%-1%, Gail (India) and Tata Steel Limited up by 0.72% and 0.66%, Infosys and BHEL up by 0.43% and 0.41%, Tata Power Company, Wipro Limited and Hindustan Unilever inched up by 0.05-0.01% each.

Major stock losers were, Coal India Limited dropped by 2.96%, Jindal Steel & Power Limited declined by 2%, Sun Pharmaceuticals fell by 1.40%, NTPC, Reliance Industries Limited and Cipla Limited fell between 1%-0.50%, Larsen & Toubro, Tata Consultancy Services and Bharti Airtel Limited declined between 0.40%-0.20%, HDFC, Sterlite Industries and State Bank of India tad down between 0.20%-0.03%.

IIP growth rose at a pace of 2.5% in March 2013, after it's moderate growth of 0.06% in February 2013 and 2.4% in January 2013.

NTPC fell by 0.83%, after company reported a 28.31% increase in net profit of Rs 1,25,907.80 million for the year ended on 31 March 2013, compared to Rs 98,127.90 million in the previous year. Total income of the company increased 5.4% from Rs 6,88,424.80 million for the year to Rs 7,25,407.90 million.

Overall market breadth was a bit negative with 885 shares declined compared to 821 shares advanced while 69 shares remained unchanged.

Market Pulse - 10 May, 2013

Fri, May 10, 2013 at 15:30 PM
Markets ended higher, post IIP data.

Markets gained momentum in the afternoon session after positive IIP data, however, investors remained side line ahead of April inflation data which is scheduled next week. The Sensex ended (provisional) at 20,074 - up 135 points. Nifty was down 45 points at 6,095.

India's industrial production growth rose at a pace of 2.5 per cent in March, after its moderate growth of 0.6 per cent in February 2013. The Index of Industrial production had registered a growth rate of 2.4 per cent in January 2013.

May 8, 2013

Market Pulse - 8 May, 2013

Wed, May 8, 2013 at 17:30 PM
Markets closed firm positive.
Markets after opening up positive in the morning and closed firm, amid strong global cues led by ITC and HDFC shares. Sensex closed up by 101.23 points or 0.51% at 19,990.18 after opening positive up by 61.27 points or 0.31% at 19,950.22 and touched a high of 20,037.27 and a low of 19,851.22, while Nifty closed up by 25.75 points or 0.43% at 6,069.30 after opening up by 20.60 points or 0.34% at 6,069.30 and touched a high of 6,083.55 and a low of 6,024.95 in the day.

Sectoral wise, FMCG index gained up by 1.43%, Bankex, Oil & Gas and Healthcare inched up by 0.11% and 0.08%, Capital Goods index declined by 0.65%, Auto, Metal, Power and PSU indices fell between 0.50%-0.20%, Consumer Durables, Realty and IT indices were tad down by 0.07%, 0.03% and 0.01% each.From broader markets both the Mid-cap and Small-cap index advanced up by 0.47% each.

Major stock gainers were, HDFC spurted up by 3.85%, ITC surged up by 2.27%, HDFC Bank Limited and Hindalco Unilever gained up by 1.38% and 1.23%, Hindalco Industries Limited, Coal India Limited, Tata Motors Limited and Tata Consultancy Services gained up between 1%-0.50%, Dr Reddys Laboratories, Sterlite Industries and Reliance Industries Limited up by 0.28%-0.24%, Wipro Limited up by 0.13% and Infosys and ONGC inched up by 0.08% and 0.03%.

Major stock losers were, Bharti Airtel, Hero Motocoro, Tata Steel Limited, Mahindra & Mahindra and Jindal Steel & Power Limited declined between 2%-1%, Larsen & Toubro, NTPC, BHEL, Maruti Suzuki, Bajaj Auto, Sun Pharmaceuticals and Cipla Limited fell between 1%-0.50%, ICICI Bank Limited and Gail (India) dropped by 0.49% and 0.39%, State Bank of India declined by 0.12% while Tata Power Company tad down by 0.05%.

Corporation Bank surged up by 7% after reporting a better-than-expected net profit of Rs 356 crore for the quarter ended March 31, 2013 on back of strong growth reported by retail banking segment.

Ajanta Pharma spurted up by 12%, after the promoter were on a virtual shopping spree of company’s shares through creeping acquisition route.

Ranbaxy Laboratories declined 3%, after reporting a sharp decline of 90% year-on-year in its consolidated net profit at Rs 126 crore for the first quarter ended March 31, 2013 (Q1) due to the base effect.

Venus Remedies locked in 20% upper circuit, after the company said its antibiotic drug 'Elores' received tremendous response from medical fraternity.

Brigade Enterprises spurted up by 7%, after reporting four-fold jump in net profit at Rs 28.39 crore for the quarter ended March 31, 2013, on back of impressive growth in operational income.

RPG Life Sciences soared 19%, after reporting a turnaround results for the fourth quarter.

Dewan Housing Finance gained 4%, on reporting a more-than-double net profit at Rs 197 crore for the quarter ended March 31, 2013 (Q4) against profit of Rs 94 crore in a year ago quarter.

Overall market breadth was neutral with 975 shares advanced compared to 974 shares declined while 84 shares remained unchanged.

May 6, 2013

Banks recover Rs 1,000 crore by selling assets of Kingfisher Airlines: SBI

State Bank of India (SBI) today said the consortium of lenders has recovered Rs 800-1,000 crore and is making all efforts to recover the remaining dues from beleaguered Kingfisher Airlines.

"KFA recoveries are going on. We have substantial amount of recoveries. Total recoveries for banks more than Rs 800-1000 crore," SBI (State Bank of India) Chairman Pratip Chaudhuri said here.

The consortium of 17 banks, led by SBI, has an outstanding of over Rs 7,000 crore from the carrier. It has shares of listed entities like United Spirits as collateral's which should realize Rs 500 crore. That apart, lenders have the brand Kingfisher as a security.

Additionally, the consortium has a residual right over the securities held by SREI Infrastructure Finance, which comes to Rs 500 crore, which was bought by SREI from ICICI Bank in April last year.

SBI (State Bank of India) has the maximum exposure, over Rs 1,600 crore in the Vijay Mallya-led airline, followed by PNB (Punjab National Bank) (with Rs 800 crore, IDBI at Rs 800 crore, Bank of India at Rs 650 crore and Bank of Baroda has Rs 550 crore.

Chaudhuri said the consortium is making all efforts to recover the remaining debt given to the King Fisher Airlines.

"We are making all efforts. We have treated this loan 100 per cent provided for. It does not mean that we are not going after assets," he said.

"We are going after all assets. The companies shareholding, the companies real estate, the personal assets, all are targeted," he added.

Source : The Economic Times

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