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.