Market Pulse - 11 Jun, 2013

Markets after opening weak in the morning continued to slip further down, amid weak global cues and weak rupee also weighed the sentiments of the investors, ahead of the key economic data. Sensex ended weak down by 298.07 points or 1.53% at 19,143 after opening weak down by 58.85 points or 0.30% at 19,382.22 and touched a high of 19,418.74 and a low of 19,121.18 while Nifty closed down by 89.20 points or 1.52% at 5,788.80 after opening weak down by 29.25 points or 0.50% at 5,848.75 and touched a high of 5,868.05 and a low of 5,780.35 in the day.

Sectoral wise, all indices ended the day in red with Consumer Durables leading the list crashed down by 7.48% followed by Metal index slipped by 4.06%, Realty index dropped by 3.65%, Bankex, Power and PSU declined between 3%-2% each, Oil & Gas, Auto and IT fell between 2%-1%, Capital Goods and Healthcare down by 0.66% and 0.65% and FMCG declined by 0.42%. Even in broader markets declined in line with benckmark index, Mid-cap dropped by 1.58% and Small-cap declined by 1.79%.

Major index stock gainers were, Cipla Limited rose up by 1.90%, Bajaj Auto and Wipro gained up by 0.83% and 0.69%, Gail advanced up by 0.39% and Hindustan Unilever almost flat tad up by 0.05%.

Major index stock losers were, Jindal Steel & Power crashed down by 15.18%, Hindalco Industries and Tata Power dropped by 5.97% and 5.87%, ONGC, ICICI Bank, Mahindra & Mahindra and Tata Steel slipped between 4%-3% each, Coal India, Sterlite Industries and HDFC declined between 3%-2%, Maruti Suzuki, Bharti Airtel, TCS HDFC Bank, Sun Pharmaceuticals, BHEL and Tata Motors fell by 2%-1%, SBI, ITC, Infosys and RIL were down between 1%-0.40%, Hero Motocorp marginally down by 0.18%, L&T down by 0.08% while Dr Reddys Laboratories almost flat down by 0.01%.

Overall market breadth was firm negative with 1,691 shares declined as compared to 670 shares advanced while 125 shares remained unchanged.