11 May, 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.

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