Market Pulse - 7 Jun, 2013

Fri, Jun 7, 2013 at 16:00 PM

Markets closed weak.

Markets pared off its gain in the late noon session, after opening flat to negative and gaining momentum in the late morning session, to close weak. Sensex closed down by 90.26 points or 0.46% at 19,429.23 after opening almost flat up by 2.82 points or 0.01% at 19,522.31 and touched a high of 19,711.55 and a low of 19,397.51 while Nifty closed down by 40.40 points or 0.68% at 5,881 after opening weak down by 21.35 points or 0.36% at 5,900.5 and touched a high of 5,972.70 and a low of 5,871.30 in the day.

Sectoral wise, barring IT index which ended positive surged up by 1.66%, oll other indices ended the day weak. Auto, Bankex, PSU, Realty, Power, Metal and Capital Goods indices dropped between 2%-1% each, Oil & Gas and Consumer Durables fell by 0.98% and 0.98%, FMCG marginally down by 0.11% while Healthcare index closed almost flat negative down by 0.02%. From broader markets both the indices Mid-cap and Small-cap declined. Mid-cap index closed down by 0.53% while Small-cap index tad negative down by 0.09%.

Major stock gainers were, Tata Consultancy Services rose up by 3.48%, Dr Reddys Laboratories surged up by 2.82%, Wipro Limited gained up by 1.67%, Infosys and Tata Power Company advanced by 0.80% and 0.57%, Hero Motocorp inched up by 0.19% while Hindustan Unilever and  ITC almost flat up by 0.04% and 0.01%.

Major stock losers were, Bharti Airtel Limited, Mahindra & Mahindra, NTPC and Maruti Suzuki dropped between 3%-2%, Jindal Steel & Power Limited, Sterlite Industries Limited, Tata Motors Limited, State Bank of India, ONGC, BHEL, Gail (India), Tata Steel Limited, Larsen & Toubro, Coal India Limited and ICICI Bank Limited declined between 2%-1%, Reliance Industries Limited, HDFC Bank Limited, Hindalco Industries Limited, Cipla Limited, Sun Pharmaceuticals and HDFC fell between 1%-0.50% while Bajaj Auto fell marginally by 0.14%.

Overall market breadth was negative with 1,328 shares declined compared to 1,029 shares advanced while 169 shares remained unchanged.