08 May, 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.

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