28 May, 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.

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