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.