Market Pulse - 10 Jun, 2013

Markets after opening firm in the morning stripped of its early gains and traded subdued till noon session where it started to gain its momentum but could not sustain long enough and fell again registering its day low but managed to close almost flat. Sensex closed almost flat up by 11.84 points or 0.06% at 19,441.07 after opening firm up by 101.12 points or 0.52% at 19,530.35 and striking a high of 19,585.75 and a low of 19,366.82 while Nifty ended almost flat down by 3 points or 0.05% at 5,878 after opening firm up by 26.90 points or 0.46% at 5,907.90 and touched a high of 5,931.65 and a low of 5,857.40 in the day.

Sectoral wise, IT index ended firm up by 1.01% followed by FMCG and Oil & Gas indices which closed marginally up by 0.14% and 0.11%, whereas, Consumer Durables index dropped by 2.08%, followed by Realty, Healthcare and Bankex indices slipped between 2%-1% each, Metal, Capital Goods, Power and Auto indices fell between 1%-0.50% while PSU index declined by 0.42%. Even in broader markets both the indices Mid-cap and Small-cap declined by 0.88% an 0.79% respectively.

Major index stock gainers were, Wipro Limited surged up by 2.12%, Infosys, NTPC, HDFC, Bajaj Auto and Mahindra & Mahindra gained between 2%-1%, ITC, Reliance Industries Limited, Hero Motocorp, ONGC and Hindustan Unilever advanced between 15-0.20% each, Tata Consultancy Services and Cipla Limited gained marginally up by 0.19% and 0.15% while HDFC Bank Limited tad up by 0.07%.

Major index stock losers were, Jindal Steel & Power Limited dropped by 4.46%, BHEL fell by 3%, Maruti Suzuki and ICICI Bank Limited declined by 2.18% and 2.03%, Tata Motors Limited, Sterlite Industries Limited, Bharti Airtel Limited, Hindalco Industries Limited, Sun Pharmaceuticals and Tata Power Company down between 2%-1%, Gail (India), State Bank of India and Tata Steel Limited fell between 1%-0.50% while Larsen & Toubro and Dr Reddys Laboratories declined by 0.48% and 0.34%.

Overall market breadth was firm negative with 1,422 shares declined compared to 879 shares advanced while 144 shares remained unchanged.