July 31, 2013

Market Pulse - 31 Jul, 2013

Market Pulse 31 Jul 2013Markets wiping out its initial losses and closed on a flat note after a volatile trading session as investors braced for the US Federal Reserve policy meeting with caution. S&P BSE Sensex closed lower by 2.60 points or 0.01% at 19,345.70 after falling to 19,126.82 intra-day low. The index has lost over 955 points in the last six sessions. Similarly CNX Nifty fell by 13.05 points or 0.23% to 5,742 led by banking and interest-related stocks.

Among the key sectoral indices, Realty sector index suffered the most by losing 2.30%, followed by FMCG index by 2.26%. Banking index dropped by 1.84% and Power index fell by 1.67% while IT, Metal and Consumer Durable sectors gained. The broader markets ended lower with mid-caps and small-caps falling nearly 1 per cent on the BSE.

The gainers included counters such as Wipro rising 4%, Bharti Airtel gained 7%, Dr Reddy’s rose 4.7%, BHEL was up 3.6% respectively on the BSE.

The laggards were NTPC declining 5%, HDFC Bank shed 2.5%, ITC dropped 2.5% while Cipla was down 2% on the BSE.

Rupee fell to as low as 61.17 to the dollar in today’s trade on month-end dollar demand from importers. At closing, the partially convertible currency traded at Rs 60.86 compared with previous close of Rs 60.49 against the dollar.

NTPC dropped by 5%, extending its previous day’s fall of 3%, after reporting net profit at Rs 2,527 crore, as compared to Rs 2,499 crore a year ago, a marginal 1% year-on-year (yoy) growth for the quarter ended June 2013 (Q1), amid low demand for electricity.

YES Bank crashed over by 7%, after reports of, that the RBI (Reserve Bank of India) stated that it is seized of the ongoing boardroom battle at private lender and may make necessary changes in the required norms on appointment of directors on bank boards, if needed.

The overall market breadth was firm negative. Out of 2,370 stocks traded, 1,392 stocks declined while 837 stocks advanced on the BSE.

July 30, 2013

Market Pulse - 30 Jul, 2013

Market Updates

Markets closed lower, amid a weakening Rupee, after the RBI (Reserve Bank of India) asked the government to control the widening account deficit and also lowered growth forecast for the current fiscal. Meanwhile, the central bank (Reserve Bank of Inida) kept key policy rates unchanged at its policy review today. After a better start, S&P BSE Sensex tumbled by 244.94 poins, or 1.25% to end at a nearly three-week low of 19,348.34. The index has now lost over 950 points in five days. Similarly, the National Stock Exchange index CNX Nifty dipped below of crucial 5,800 level to end with a loss of 76.60 points, or 1.31%, at 5,755.05. Also, SX40 index, the flagship index of MCX-SX, closed 139.03 points down, or 1.19%, at 11,556.55.

Among Sectoral Indices, IT was the only index which closed in the positive with a 0.9% gain on the back of a weak rupee, while the ones ended in the red were, Oil & Gas, Realty, Power and PSU indices gave off 3% each along with Auto, FMCG and Metal indices losing 2% each.

Major index gainers Wipro, TCS and Infosys which advanced 0.6-2.7%. Jindal Steel, L&T, Sun Pharma and Coal India up 0.6-1.4% rounded off the gainers list

Major index losers were, Oil & Gas majors Reliance Industries, ONGC and Gail India down 3-6%, Hindalco, Tata Steel, Sterlite lost sheen, which slipped 1-4.6%, Tata Motors, Bajaj Auto, Maruti Suzuki and Hero MotoCorp gave off 0.3-4%, ITC and Hindustan Unilever too closed in the negative, down 2% each, Bharti Airtel, NTPC, BHEL and Tata Power were the other major losers 2-3.7%

Rupee again breached the Rs 60 per dollar mark in today's trades. This was the first time the rupee breached the Rs 60 per dollar mark after the RBI announced liquidity tightening measures on July 15. At closure, the rupee ended at Rs 60.47/48 compared with previous close of Rs 59.41 per dollar. Falls accelerated in the afternoon session after the RBI left interest rates unchanged and said it will roll back those liquidity tightening measures when stability returns to the currency market

Overall market breadth was very negative. 1,563 stocks declined while 705 stocks advanced on the BSE.

July 26, 2013

Market Pulse - 26 Jul, 2013

Market Pulse 20 July 2013Markets closed ended on a negative note amid looming fear of slowdown in China coupled with caution ahead of RBI's (Reserve Bank of India's) and US Federal Reserve’s policy meeting scheduled next week. The S&P BSE Sensex closed lower by 56.57 points at 19748.19 and S&P CNX Nifty declined by 21.30 points at 5,886.20  levels.

Sectoral Indices wise, realty, bankex, auto ,power, capital goods, metals indices dropped while consumer durables and FMCG sector gained on the BSE. Metal index lead decline among sectors, booking a loss of over 3 per cent  after China ordered companies in 19 industries to cut excess production capacity, raising fear that the demand is set to slow in the biggest consumer of the metal. The broader markets ended lower with mid-caps and small-caps falling nearly 1 per cent on the BSE.

Among the index gainers included ITC gaining 2.7%, Sun Pharma rose 2.2%, Hero MotoCorp and M&M added 2% each, Wipro gained 1.7% on the BSE.

Among the index laggards were Hindalco and Sterlite Industries dropped 4.6% and 7.6% respectively, Coal India fell 4.1%, HUL declined 3.3% while Jindal Steel shed 3.4% on the BSE.

The RBI's (Reserve Bank of India’s) monetary policy on Tuesday will be a key trigger for markets in terms of any cue on liquidity measures to support rupee. Meanwhile US Federal Reserve will unveil its policy decision on Wednesday with investors awaiting clarity on tapering of the stimulus.

Tata Coffee jumped up by 5%, after company reported a jump in consolidated net profit by 43% year-on-year (yoy) at Rs 40 Crore for the quarter ended June 30 2013, amid lower raw material and finance cost.

Coal India slipped by 4%, amid concerns over the company may miss its production and off-take target for third consecutive month.

Punjab National Bank dropped by 5%, after the bank said stated that its gross NPA (Non-Performing Assests), as a percentage of advances, rose to 4.84% for the quarter ended on June 2013 as compared to 3.34% against its a year ago quarter.

Wockhardt crashed by 10%, extending its past 6 session fall, after USFDA (US Food and Drug Administration) issued a warning letter to the company for its manufacturing facility in Maharashtra.

The market breadth was negative, of 2,426 stocks traded, 1,410 stocks declined while 856 stocks advanced on the BSE.

July 25, 2013

Market Pulse - 25 Jul, 2013

Market Pulse 25 Jul 2013Markets closed lower, falling for second consecutive day, following the expiry of July derivative contracts weighed down by profit taking in FMCG sector shares after recent gains, led by ITC and Hindustan Unilever after recent gains. S&P BSE Sensex, which had lost 211.45 points previous session, closed at 19,805 down 286 points while S&P CNX Nifty closed at 5,908 down 83 points. The Sensex and Nifty touched an intra-day low of 19,764 mark and 5,896 levels, respectively.

Sectoral wise, BSE FMCG index dropped by over 3% followed by counters like Power, Metal, Capital Goods, Healthcare, PSU, Bankex and IT, all declining between 1-2%. However, BSE Auto and TECk indices gained marginally.

Index gainers were, Auto major Hero MotoCorp rallied by over 4% after reporting 100 bps improvement in operating margins at 14.8% for the first quarter ended June 30, 2013 on sequential basis due to 10% quarter-on-quarter decline in other expenditure. The company had operating margins at 13.8% in March quarter.

From the FMCG space, ITC ended lower by 4.57% at Rs 359 after reporting 18% year-on-year (yoy) jump in net profit at Rs 1,891 crore on back of strong performance across business segments. Analyst on an average had expected profit of Rs 1,869 crore from the fast moving consumer goods (FMCG) major.
Hindustan Unilever (HUL) ended lower by over 3% at Rs 687, after its parent firm Unilever said that growth is slowing in emerging markets, as macro-economic headwinds influence consumer behavior.

Wipro slipped 4% to Rs 376 on NSE, ahead of its April-June (Q1) earnings tomorrow. Analysts expect the IT major to report a flat revenue growth in the recently concluded quarter.

Other notable losers were L&T, BHEL, Tata Power, JSPL, RIL, Sterlite, Cipla, Sun Pharma and Coal India.

The Rupee advanced up by paise to 59.10/dollar on fresh dollar selling by banks and exporters, tracking a weakness in the US currency overseas.

Zee Entertainment Enterprises rose up by 6%, the company reported a better-than-expected 43% year-on-year (yoy) jump in its consolidated net profit at Rs 225 crore for the quarter ended June 30, 2013 (Q1) due to higher advertising revenues and other income.

Jaiprakash Associates crashed 9%, extending its previous day fall of 6%, after Deutsche Bank downgraded the stock to sell from hold citing higher-than-expected debt.

Central Bank of India tanked 8%, after reporting a sharp decline in net profit by 94% year-on-year (yoy) at Rs 22 crore for the quarter ended June 30, 2013 (Q1) due to higher provisions for rising bad loans.

Ambuja Cement crashed by 11%, after reporting poor quarterly results due to low demand and poor pricing.

Novartis India dropped by 6%, after company reported decline in nits net profit by 49% year-on-year (yoy) at Rs 139 crore for the quarter June 30, 2013 due to rupee depreciation and lower sales volume.

The market breadth in BSE ended dismal 1,418 shares declining and 850 shares advancing.

July 24, 2013

Market Pulse - 24 Jul, 2013

Market Update
Markets closed down by over 1%, snapping its five-day winning streak, amid a sell-off in banking sector shares after the Reserve Bank of India (RBI) late Tuesday imposed fresh restrictions on commercial banks' access to cash. The Sensex ended down 211 points at 20,091 and the Nifty slipped 87 points to close at 5,991.

The Bankex was the top loser among the sectoral indices on the BSE, down 4.6% followed by Capital Goods, Metal, COnsumer Durables, Power, Auto and FMCG indices. In the broader market, the BSE Mid-cap and Small-cap indices ended down 1.4-1.8% each.

Allahabad Bank, Corporation Bank, Dena Bank, Federal Bank, Indian Bank, Indian Overseas Bank, Oriental Bank of Commerce, Punjab and Sind Bank, Union Bank of India and Untied Bank of India are quoting at their 52-week lows. Most of these banks ended down 3-8.5%, among private banks ICICI Bank, HDFC Bank and HDFC ended down 3-3.7% each while Yes Bank, IndusInd Bank and Kotak Mahindra Bank ended down 5-12% each. Other losers include Hindustan Unilever, L&T and Mahindra & Mahaindra.

Banking shares were hammered which including State Bank of India (SBI), Punjab National Bank, Canara Bank and Bank of India ended down 3-8% after the Reserve Bank of India (RBI) imposed more measures to tighten liquidity to stabilize Indian rupee.

On Tuesday, the RBI has capped the total quantum of funds available under liquidity adjustment facility (LAF) to 0.5% (lowered from 1%) of individual bank’s net deposits and time liabilities (NDTL), which would be effective from July 24, 2013. The earlier imposed cap on overall allocation of funds at Rs 75,000 crore under LAF stands withdrawn. It has also increased the requirement of minimum daily cash reserve ratio (CRR) maintenance to 99% from 70%, which would be effective from first day of fortnight beginning July 27, 2013.

Market breadth was weak with 1,525 declines and 773 advances on the BSE.

July 23, 2013

Market Pulse - 23 Jul, 2013

Market Update
Markets gained for the fifth straight session on Tuesday, amid firm global cues, with FMCG majors ITC and Hindustan Unilever leading the gains. For the day, the Sensex gained 0.8% or 166 points to close at 20,325 and the Nifty gained nearly 0.8% or 46 points to end today's session at 6,078.

All the sectoral indices closed in the green with Consumer Durables index leading gains, up nearly 4%. The other gainers were FMCG, Realty, Bankex, PSU, Metal, Oil & Gas and Power indices gaining 0.5-1.5%. The broader markets had a flat session with the smallcap index closing with a negative bias at 5,682 and the midcap index edged higher by 0.1% to end at 5,999.

The top gainers for the day among the Sensex-30 were Hindustan Unilever, BHEL,Mahindra & Mahindra, SBI, Sterlite, ITC and Dr Reddys Lab gaining 2-3%. ICICI Bank, ONGC, Tata Power,Infosys and Hindalco up 0.8-1.55 were the other notable gainers.

Among the ones in the red were Wipro and Bharti Airtel losing 2% each followed by Coal India, Cipla, Jindal Steel, Bajaj Auto,Hero MotoCorp,Sun Pharma and HDFC down 0.2-0.6%.

The market breadth was neutral with 1,149 advances as compared to the 1,151 declines on the BSE.

July 20, 2013

Weekly Pulse - 20 Jul, 2013

Markets posted its straight four week consecutive gains in a row, largely led by FMCG shares and buoyant result from TCS and easing of FDI in select sectors also led an hand in the uprising of the market.

Wholesale Price Index (WPI), edged up marginally on account of rise in food prices of non-food primary articles from 4.7% to 4.86% for the month of June 2013.

On Foreign Direct Investment (FDI), government raised the ceiling in the telecom sector from 74% to 100%.

The benchmark index S&P BSE Sensex rose up by 191.38 points or 0.96% to close at 20,149.85, while CNX Nifty gained up marginally by 20.20 points or 0.34% at 6,029.20 for the week ended.

Sectoral wise, gaining index were, FMCG index spurted by 7.10%, Oil & Gas surged up by 4.11%, IT rose up by 3.98%, Auto gained by 1.09% and Consumer Durables advanced up by 0.87% while losing index were, Bankex crashed down by 6.23%, Realty and Metal indices slipped down by 4.08% and 3.47%, Capital Goods and Power fell by 2.19% and 1.27% while Healthcare and and PSU marginally down by 0.42% and 0.36% for the week ended. In broader market, Mid-cap and Small-cap index declined by 0.91% and 0.53% respectively.

Major index stock gainers for the week were, Hindustan Unilever jumped up by 14.17%, TCS and Bharti Airtel spurted up by 8.46% and 8.23%, ONGC surged up by 6.75%, ITC and Bajaj Auto rose up by 5.49% and 5.32%, Wipro gained up by 4.06%, RIL, Hero MotoCOrp, Gail (India) and tata Power gained between 4%-3%, Cipla gained up by 2.40%, Hindalco Inds and Infosys up by 1.87% and 1.54% while Tata Motors gained up by 0.94%.

Major index stock losers for the week were, ICICI Bank and Tata Steel crashed by 9.69% and 8.28%, BHEL and Sterlite Inds declined by 7.51% and 6.17%, HDFC and Jindal Steel fell by 5.45% and 5.22%, SBI and Mahindra & Mahindra down by 4.19% and 3%, Sun Pharmaceuticals down by 2.53%, HDFC bank, L&T, NTPC and Coal India fell between 2%-1% while Maruti Suzuki marginally down by 0.17% and Dr Reddys Lab almost negative flat by 0.03%.

July 19, 2013

Market Pulse - 19 Jul, 2013

Stock Market Pulse
Market after opening positive in the morning ended on a flat note after throughout volatile session, on back of caution ahead of weekend elections in Japan which may decide the fate of Prime Minister Shinzo Abe's government. Sensex ended almost fat up by 21.44 points or 0.11% after opening up by 85.04 points or 0.42% at 20,2013.45, touched a high of 20,256.60 and a low of 20,111.13, while Nifty closed flat negative by 8.85 points or 0.15% at 6,029.20 after opening positive up by 19.15 points or 0.31% at 6,057.20 touched a high of 6,066.85 and a low of 6,038.05 for the day.

Sectoral wise, IT index surged up by 2.81%, Auto index rose up by 1.66%, Oil & Gas gained up by 0.67%, Capital Goods, Power, Bankex, Consumar Durables and Healthcare indices slipped between 2%-1%, Metal index declined by 0.78% while FMCG and PSU indices ended marginally lower by 0.20% and 0.19% respectively. From broader markets, both the Mid-cap and Small-cap indices slipped by 0.58% and 0.56%.

Major index stock gainers were, TCS spurted up by 4.92%, Bajaj Auto surged up by 3.68%, Hero MotoCorp, Tata Motors, Gail (India) and Bharti Airtel gained up between 3%-2%, Coal India, Infosys and Wipro advanced up between 2%-1%, ONGC, RIL, Dr Reddys Lab, Cipla, Mahindra & Mahindra and Maruti Suzuki gained up between 1%-0.20% while ITC edged up by 0.14%.

Major index stock losers were, BHEL crashed down by 8.02%, Sun Pharmaceuticals dropped by 3.35%, Sterlite Inds, Jindal Steel, ICICI Bank and HDFC slippe between 3%-2%, NTPC, Tata Steel and L&T declined between 2%-1%, Hindalco Inds, Tata Power, SBI and HDFC Bank fell between 1%-0.40% while Hindustan Unilever down by 0.28%.

HDFC (Housing Development Finance Corp), reported a 17% jump in net profit for the quarter ended on June 2013. Standalone net profit for the fiscal first quarter was Rs 1,173 crore, compared with Rs 1,002 crore a year earlier, while total income rose 12.6% to Rs 5,557 crore over the same period.

Overall market breadth was negative with 1,310 shares declining as compared to 1,033 shares advancing while 144 shares remained unchanged.

July 18, 2013

Market Pulse - 18 Jul, 2013

Market Update
Markets opened positive in the morning, extended its daily gain by closing near days high, amid rangebound trading sessions. Sensex closed up by 179.68 points or 0.90% at 20,128.41 after opening positive by 50.78 points or 0.25% at 19,999.51, touched high of 20,176.90 and a low of 19,956.20 while Nifty closed up by 64.75 points or 1.08% at 6,038.05 after opening positive by 11.40 points or 0.19% at 5,984.70, touched a high of 6,051.10 and a low of 5,974.55 for the day.

Sectoral wise, all sector ended the day in positive zone. Realty and Bankex indices rose up by 2.53% and 2.04%, Consumer Durables, PSU, Capital Goods and Oil & Gas indices gained up between 2%-1%, Power, FMCG, Healthcare, Metal and IT advanced between 1%-0.40% while Auto index gained up by 0.28% . From broader markets, Mid-cap index gained in line with its benchmark index up by 0.74% while Small-cap index edged up marginally by 0.24%.

Major index stock gainers were, ONGC spurted up by 4.42%, HDFC Bank and BHEL surged up by 3.22% and 3.14%, Hindalco Inds, Hero MotoCorp, Tata Power and Bharti Airtel rose between 3%-2%, Infosys, L&T, Maruti Suzuki, Cipla, Dr Reddys Lab and Jindal Steel gained up between 2%-1%, SBI, HDFC, Gail (India), Tata Steel, Hindustan Unilever, ICICI Bank, Tata Motors, Sunpharmaceuticals and RIL gained up between 1%-0.20% while ITC tad up by 0.04%.

Major index stock losers were, Mahindra & Mahindra and Sterlite Inds dropped by 1.88% and 1.73%, NTPC, TCS, Bajaj Auto and Wipro declined between 1%-0.30% while Coal India marginally down by 0.05%.

Overall market breadth was positive with 1,204 shares advanced as compared to 1,113 shares declined while 169 shares remained unchanged.

July 17, 2013

Market Pulse - 17 Jul, 2013

Market Update
Markets opened positive in the morning and managed to end higher amid volatile trading session, on back of FMCG sector shares. Sensex closed up by 97.50 points or 0.49% at 19,948.73 after opening up by 77.72 points or 0.39% at 19,928.95, touched high of 19,983.22 and a low of 19,778.54 while Nifty closed up by 18.0 points or 0.30% at 5,973.30 after opening up by 17 points or 0.29% at 5,972.25 and touched a high of 5,989.80 and a low of 5,926.75 for the day.

Sectoral wise, gainers indices were, FMCG jumped up by 3.24%, Consumer Durables rose up by 1.08%, IT and Oil & Gas advanced up by 0.91% and 0.61%, and Power edged up by 0.32%, whereas laggard indices were Bankex dropped by 2.22%, Metal fell by 1.94%, Auto, Realty, PSU and Capital Goods down between 1%-0.40% while Healthcare marginally down by 0.20%. In the Broader markets, both the indices Mid-cap and Small-cap ended the day negative compared to its benchmark index, Mid-cap declined by 0.59% while Small-cap marginally weak by 0.19%.

Major index stock gainers were, Hindustan Unilever jumped up by 9.86%, NTPC spurted up by 3.18%, Wipro and ITC rose up by 2.96% and 2.18%, Tata Power, RIL, TCS, Dr Reddys Lab and Cipla gained up between 2%-1%, Infosys, Bajaj Auto, ONGC, Maruti Suzuki and BHEL advanced between 1%-0.20% while HDFC edged up by 0.07% and Hero MotoCOrp almost flat positive by 0.01%.

Major index stock losers were, Tata Steel dropped by 3.26%, HDFC Bank, ICICI Bank, Mahindra & Mahindra and Jindal Steel fell between 3%-2%, Tata Motors, Hindalco Inds, Bharti Airtel, Sterlite Inds and SBI declined between 2%-1%, Coal India, Gail (India) and Sun Pharmaceuticals fell between 1%-0.50% while L&T down by 0.35%.

Overall market breadth was negative with 1,292 shares declined as compared to 1,029 shares advanced while 145 shares remained unchanged.

July 16, 2013

Market Pulse - 16 Jul, 2013

Market Update
Markets after opening negative, traded almost weak but managed to gain a bit before closing, after RBIs (Reserve Bank of India) move to reduce rupee liquidity and an increase in short-term rates faded the hopes of rate cut. Sensex closed down by 183.25 points or 0.91% at 19,851.23 after opening firm negative down by 246.39 points or 1.23% at 19,788.09 touched a high of 19,890.63 and low of 19,649.58 while Nifty ended down by 75.55 points or 1.25% at 5,955.25 after weak opening down by 100 points or 1.66% at 5,930.80 touched a high of 5,966.05 and a low of 5,910.95 for the day.

Sectoral wise, FMCG index surged up by 1.81% and Oil & Gas gained up by 0.74%, Realty index dropped by 5.84, Bankex slipped by 4.83%, Capital Goods declinedd by 2.23%, Metal, Consumer Durables and PSU fell between 2%-1%, Auto, Healthcare and IT fell betwen 1%-0.20% while Power almost flat down by 0.03%. E ven the Broader markets, slipped in line with its benchmark index, Mid-cap dropped by 1.45% while Small-cap closed down by 0.79%.

Major index stock gainers were, ITC and Bharti Airtel gained up by 2.30% and 2.08%, Hindustan Unilever, ONGC, Sun Pharmacuticals and Tata Motors advanced up between 2%-1%, Tata power, NTPC, RIL, Coal India and TCS gained up between1%-0.40% while Gail (India) and Bajaj Auto edged up by 0.17% and 0.15%.

Major index stock losers were, ICICI Bank slipped by 5.61%, SBI dropped by 4.57%, HDFC, L&T, Jindal Steel, Sterlite Inds and Dr Reddys Lab fell between 4%-3%, Maruti Suzuki, HDFC Bank and Tata Steel down between 3%-2%, Hero MotoCorp, BHEL, Wipro, Hindalco Inds, Mahindra & Mahindra and Cipla fell between 2%-1% while Infosys marginally down by 0.42%.

Overall market breadth was firm negative with 1,443 shares declined as compared to 847 shares advanced while 142 shares remained unchanged.

July 15, 2013

Market Pulse - 15 Jul, 2013

Market Update
Markets after opening weak in the morning gained momentum in the early noon trading session and sustaining its gain closed near at days high on a positive note, after hopes of growth recovery. Sensex ended the day up by 76.01 points or 0.38% at 20,034.48 after opening weak down by 32.37 points or 0.16% at 19,926.61 touched a high of 20,0072.44 and a low of 19,883.19 while Nifty closed up by 21.80 points or 0.36% at 6,030.80 after opening down by 17.80 points or 0.30% at 5,991.20, touched a high of 6,038.20 and a low of 5,980.95 for the day.

Sectoral wise, Realty and FMCG index rose up by 1.94% and 1.19%, Capital Goods, Bankex, Oil & Gas and Auto indices gained up between 1%-0.50%, Metal and Healthcare indices advanced up by 0.46% each, Consumer Durables gained up by 0.40% and PSU almost flat positive by 0.02% while Power fell by 0.78% and IT almost flat negative by 0.03%. From the Broader markets, Mid-cap and Small-cap indices closed higher compared to benchmark index  up by 0.90% and 0.80% respectively.

Major index stock gainers were, Hindalco Inds, Sterlite Inds and Bharti Airtel rose between 4%-3%, Mahindra & Mahindra, TCS, Bajaj Auto and Hindustan Unilever gained between 3%-2%, Wipro, SBI, L&T and Hero MotoCorp gained between 2%-1%, Cipla, RIL, Jindal Steel and ITC advanced between 1%-0.50%, Gail (India) and HDFC edged up by 0.37% and 0.11% while ICICI Bank marginally up by 0.08%.

Major index stock losers were, Coal India, Infosys, NTPC and Tata Steel dropped between 3%-2%, Tata Power and Tata Motors declined by 1.17% and 1.16%, BHEL, Dr Reddys Lab, Maruti Suzuki and ONGC fell between 1%-0.10% while HSFC and Sun Pharmaceuticals almost flat newgative down by 0.05% and 0.04%.

Polaris Financial Technology rose by 4.05%, on news of company's IT services business stake sell to Tech Mahindra is in the final stage.

Overall market breadth was firm positive with 1,346 shares advanced compared to 966 shares declined while 133 shares remained unchanged.

July 13, 2013

Weekly Pulse - 13 Jul, 2013

Markets posted its third week consecutive gains, amid statement from US Federal Reserve Chairman Bernanke that a highly accommodative policy is required for the projected future as inflation remains low and the employment rate may exaggerate the labour market.

The benchmark index S&P BSE Sensex rose up by 462.65 points or 2.37% to close at 19,958.47, while CNX Nifty gained up by 141.10 points or 2.40% at 6,009 for the week ended.

FII (Foreign Institutional Investor) bought index future worth of 15.36 billion rupees ($256.92 million USD) on Thursday, marking their biggest single-day purchase for these contracts since July 1 2013, as per data released by regulatory and exchanges.

Sectoral wise, Auto slipped by 2.28%, Oil & Gas fell by 1.30% and PSU down by 1.02% were the losers indices on the board whereas indices on the gainers side were IT jumping up by 9.63%, Capital Goods surging up by 4.45%, Healthcare rising up by 3.33%, Power, Bankex, Consumer Durables gaining between 3%-2%, FMCG and Metal advancing up by 1.49% and 1.30% while Realty edging up marginally by 0.33% for the week ended. In broader market, Mid-cap and Small-cap index advanced by 0.94% and 0.79% respectively.

Major index stock gainers for the week were, Infosys jumped up by 14.19%, Sun Pharmaceuticals and Wipro spurted up by 7.11% and 7.04%, BHEL, TCS, Sterlite Inds and Dr Reddys Lab surged up between 6%-5%, Tata Power and HDFC Bank rose up by 4.50% and 4.35%, Hero MotoCorp and Bharti Airtel gained up by 3.74% and 3.18%, ITC up by 2.25%, NTPC, Hindalco Inds, Cipla, RIL and ICICI Bank advanced up between 2%-1% while Coal India gained up by 0.98%.

Major index stock losers for the week were, Maruti Suzuki, Mahindra & Mahindra and ONGC dropped between 7%-6%, L&T declined by 5.78%, Gail (India), Tata Motors and Hindustan Unilever fell between 2%-1%, Jindal Steel and Tata Steel fell by 0.76% each, Bajaj Auto marginally down by 0.28 while SBI almost flat down 0.07%.

 

July 12, 2013

Market Pulse - 12 Jul, 2013

Market Update
Markets after opening gap up in the morning slipped down marginally and traded almost in a range till late noon when the markets started to consolidate gains and closed at days high, amid reports of narrowing trade deficit in June 2013 to $12.24 billion from a 7-month high and also Infosys Q1 result impoved the sentiments. Sensex ended the day firm up by 282.41 points or 1.44% at 19,958.47 after opening gap up by 222.63 points or 1.13% at 19,898.69, touched a high of 19,985.55 and a low of 19,785.59 while Nifty also ended firm up by 73.90 points or 1.25% at 6,009 after opening gap up by 65.40 points or 1.10% at 6,000.50, touched a high of 6,019 and a low of 5,951.15 for the day.

Sectoral wise, IT index surged higher by 6.53%, Capital Goods rose up by 2.05%, Healthcare gained up by 1.23%, Oil & Gas, Bankex and Power gained between 1%-0.60%, and Metal advanced up by 0.23%, Consumer Durables dropped by 1.09%, Realty and PSU fell by 0.46% and 0.37% while FMCG and Auto slipped marginally by 0.18% and 0.12%. In the Broader markets, Mid-cap index almost flat up by 0.02% whereas Small-cap ended marginally weak down by 0.18% compared to benchmark index respectively.

Major index stock gainers were, Infosys jumped up by 10.92%, Wipro spurted up by 3.29%, TCS, L&T, Dr Reddys Lab, Tata Motors and RIL surged between 3%-2%, HDFC Bank, Bharti Airtel, NTPC, Cipla, Tata Power and Sun Pharmaceuticals gained between 2%-1%, BHEL, Sterlite Inds, Tata Steel, Hero MotoCorp, Coal India, ICICI Bank, Gail (India) and Jindal Steel gained up between 1%-0.20% while Hindustan Unilever advanced marginally by 0.08%.

Major index stock losers were, Maruti Suzuki dropped by 3.58%, ONGC slipped down by 2.72%, Mahindra & Mahindra and Hindalco Inds fell by 1.38% and 1.12%, ITC, SBI and Bajaj Auto down between 1%-0.40% while HDFC down by 0.38%.

Infosys jumped up by 10.92%, after reporting a better-than-expected consolidated net profit at Rs 2,374 crore for the first quarter ended June 2013 (Q1). Analyst on an average had expected profit of Rs 2,296 crore from the IT major.

Sintex Industries dropped down by 4.06%, after reporting  a 10% drop year-on-year (y-o-y) in the consolidated operating profit at Rs 161 crore for the quarter ended on June 2013, due to higher depreciation and interest cost, which had an operating profit of Rs 178 crore in a year ago quarter.

Overall market breadth was a bit negative with 1,226 shares declined compared to 1,073 shares advanced while 148 shares remained unchanged.

July 11, 2013

Market Pulse - 11 Jul, 2013

Market opened gap up this morning and closed nearly at days high nearly 2%, amid positive global cues, after the comments by the US Federal allayed fears of soon-than-expected easing of monetary stimulus measures and also gains in the Indian Rupee led the markets sentiment positive. Sensex closed firm positive up by 381.94 points or 1.98% at 19,676.06 after opening gap up by 174.34 points or 0.90% at 19,468.46 which too was days low and touched high of 19,723.51 while Nifty also closed firm up by 118.40 points or 2.04% at 5,935.10 after opening gap up by 77.80 points or 1.34% at 5,894.50 and touched a high of 5,948.85 and a low of 5,887.95 for the day.

Sectoral wise, except for Consumer Durables index which closed lower by 0.64% all other indices ended positive with Metal index leading up by 3% followed by Bankex and Realty indices gained up by 2.48% and 2.44%, Capital Goods, Oil & Gas, PSU, Power, FMCG and IT indices advanced between 2%-1%, Healthcare index gaines up by 0.70% and Auto index gained up by 0.55%. From the Broader markets, Mid-cap and Small-cap ended marginally up compared to benchmark index with Mid-cap gaining up by 0.67% while Small-cap ended up by 0.66% respectively.

Major index stock gainers were, Sterlite Inds and Hindalco Inds jumped up by 4.78% and 4.74%, HDFC Bank, Bharti Airtel, Hero MotoCorp, Coal India and TCS rose between 4%-3%, HDFC, ONGC, L&T, Tata Power and ITC gained between 3%-2%, Tata Steel, ICICI Bank, Gail (India), SBI, RIL, NTPC, Dr. Reddys Lab, Jindal Steel, Sun Pharmaceuticals, BHEL, Bajaj Auto and Infosys gained between 2%-1%, Hindustan Unilever and Mahindra & Mahindra up by 0.99% and 0.70% while Tata Motors gained by 0.42%.

Major index stock losers were, Maruti Suzuki fell by 2.43%, Wipro declined by 0.45% while Cipla marginally down by 0.11%.

Overall market breadth was firm positive with 1,366 shares advanced  compared to 964 shares declined while 149 shares remained unchanged.

July 10, 2013

Market Pulse - 10 Jul, 2013

Market Updates
Markets after opening positive in the morning traded almost flat till in the noon session when slipped down and closed weak, amid weak European markets with Oil & Gas and FMCG shares dragging the benchmark index on profit booking. Sensex closed weak down by 145.36 points or 0.75% at 19,294.12 after opening up by 43.18 points or 0.22% at 19,482.66, touched high of 19,505.93 and a low of 19,237.91 while Nifty closed down by 42.30 points or 0.72% at 5,816.70 after opening up by 10.90 points or 0.18% at 5,869.90 and touched a high of 5,879.35 and a low of 5,802.85 for the day.

Sectoral wise, Consumer Durables index rose up by 1.95%, IT advanced up by 0.66% and Healthcare index edged up by 0.11%, Oil & Gas, Auto, Realty and PSU indices dropped down between 2%-1%, Power and Capital Goods declined by 0.98% each, Metal fell by 0.91%, FMCG and Bankex indices fell by 0.65% and 0.62%. In the Broader markets, both the indices Mid-cap and Small-cap ended in negative zone with Mid-cap declined by 0.40% while Small-cap ended almost flat down by 0.04%.

Major index stock gainers were, Wipro rose up by 1.33%, Tata Power, Jindal Steel and TCS advanced up between 1%-0.60%, ICICI Bank and Infosys gained up by 0.34% and 0.21% while Sun Pharmaceuticals and Maruti Suzuki edged up by 0.10% and 0.07%.

Major index stock losers were, Mahindra & Mahindra, Hindalco Inds and Bajaj Auto declined by 3%-2%, Tata Steel, RIL, ONGC, Tata Motors, Hindustan Unilever, HDFC Bank, BHEL and Dr reddys Lab slipped between 2%-1%, SBI, L&T, Gail (India), NTPC, Sterlite Inds, Bharti Airtel, ITC and Coal India fell between 1%-0.40%, Hero MotoCorp and HDFC down by 0.39% and 0.37% while Cipla was tad down by 0.06%.

Overall market breadth was marginally negative with 1,167 shares declined as compared to 1,147 shares advanced while 145 shares remained unchanged.

July 9, 2013

Market Pulse - 9 Jul, 2013

Market Update
Markets after opening positive in the morning and extending its daily gain ended higher amid volatile trading session, tracking positive cues global peers . Sensex closed up by 114.71 points or 0.59% at 19,439.48 after opening up by 74.60 points or 0.39% at 19,399.37, touched high of 19,486 and a low of 19,380.25 while Nifty closed up by 47.45 points or 0.82% at 5,859 after opening up by 23.05 points or 0.40% at 5,834.60 and touched a high of 5,864.95 and a low of 5,834.60 for the day.

Sectoral wise, except for FMCG index which closed almost flat negative down by 0.05%, all other indices closed the day in positive zone with Consumer Durables, Realty, Power, Capital & Goods, Healthcare, and Bankex indices  rose between 2%-1% each, PSU and IT gained up by 0.58% and 0.49%, Metal  and Auto advanced up by 0.45% and 0.27% while Oil & Gas index closed  almost flat up by 0.05%. From the Broader markets, both the indices Mid-cap and Small-cap ended the day in line with its benchmark index, Mid-cap gained  up by 0.80% while Small-cap closed up by 0.79%.

Major index stock gainers were, Sun Pharmaceuticals surged up by 3.28%, Sterlite Inds rose up by 2.48%, Bajaj Auto, Dr Reddys Lab, L&T, BHEL HDFC Bank, Wipro and NTPC gained between 2%-1%, Cipla, Infosys, SBI, ICICI Bank, HDFC, Coal Inida, RIL and Tata Power advanced between 1%-0.50%, Hindalco Inds and Tata Motors gained up by 0.40% and 0.38%, Tata Steel and Hero MotoCorp up by 0.25% and 0.19% while ITC almost flat up by 0.03%.

Major index stock losers were, Jindal Steel and Mahindra & Mahindra declined by 1.90% and 1.18%, Bharti Airtel, ONGC, Hindustan Unilever and Maruti Suzuki fell between 1%-0.50%, TCS fell marginally by 0.28% while Gail (India) was tad down by 0.11%.

Overall market breadth was firm positive with 1,314 shares advanced as compared to 1,005 shares declined while 131 shares remained unchanged.

July 6, 2013

Weekly Pulse - 6 Jul, 2013

Markets posted it's second consecutive weekly gains on hopes of global growth recovery after good sets of data from the US economy.

The HSBC Manufacturing Purchasing Managers' Index (PMI), which estimates business activity in Indian factories, and not in it's utilities, edged up from 50.1 in May 2013 to 50.3 in June 2012, which is been compiled by 'Markit', has been teasing with the 50 mark, which seperates growth from reduction for two months but has held above it for over four years.

Positive sentiments also led hand to benchmark index to close above 200-day moving average for a second consecutive day after FII bought shares worth 1.6 billion rupees and equity derivatives worth Rs 15 billion. The benchmark S&P BSE index gaines by 84.98 points or 0.44% closing at 19,495.82 while NSE index gained up by 30.95 points or 0.53% to end at 5,867.90.

Sectoral wise, FMCG index surged up by 6.01%, Healthcare gained up by 2.69%, Auto, Consumer Durables, Oil & Gas, Realty and Capital Goods advanced up between 1%-0.10%, PSU dropped by 2.20%, Bankex and Metal declined by 1.66% and 1.37%, IT fell by 0.46% while Power marginally down by 0.13%.

Major index stock gainers for the week were, ITC and Tata Motors surged up by 5.46% and 5.24%, Gail (India) and Hindustan Unilever gained by 4.38% and 4.12%, Jindal Steel gained up by 3.04%, Sun Pharmaceuticals, BHEL and RIL rose between 3%-2%, Cipla, Bharti Airtel and Maruti Suzuki gained between 2%-1%, Dr Reddys Lab, Sterlite Inds, TCS, L&T, Wipro, Mahindra & Mahindra and Hindalco Inds geined between 1%-0.10%.

Major index stock loser for the week were, ONGC dropped by 4.44%, Tata Steel and SBI slipped by 3.29% and 3.01%, HDFC and Bajaj Auto declined by 2.64% and 2.33%, Coal India, ICICI Bank and Infosys fell between 2%-1%, Hero MotoCorp, Tata Power, HDFC Bank and NTPC fell between 1%-0.10%.

July 5, 2013

Market Pulse - 5 Jul, 2013

Market Update
Markets after opening firm positive in the morning and extending its daily gain amid restored buying in Index heavy-weight and resumption of FII buying also helped improve the sentiment. Sensex ended up by 84.98 points or 0.44% at 19,495.82 after opening firm positive up by 157.95 points or 0.81% at 19,568.79, touched high of 19,640.27 and a low of 19,477.74 while Nifty closed up by 30.95 points or 0.53% at 5,867.90 after firm opening up by 53 points or 0.91% at 5,889.95 and touched a high of 5,900.45 and a low of 5,858.45 for the day.

Sectoral wise, except for IT index which closed in negative zone marginally down by 0.29%, all other indices ended the day in positive zone with Oil & Gas index leading the list rose up by 1.49%, followed by indices were FMCG, Metal, Capital Goods and PSU down between 1%-0.40%, Bankex, Realty and Healthcare up between 0.50%-0.10%, Consumer Durables and Power edged up by 0.09% and 0.05% while Auto index ended almost flat up by 0.0.2%. In Broader markets, both the indices Mid-cap and Small-cap ended the day in line with its benchmark index, Mid-cap gained marginally up by 0.18% while Small-cap closed up by 0.26%.

Major index stock gainers were, Jindal Steel surged up by 3.51%, ONGC and RIL rose by 2.25% and 2.15%, BHEL, HDFC Bank, Hindustan Unilever, Tata Motors, Cipla and ITC gained between 2%-1%, Sterlite Inds and Dr Reddys Laboratories advanced up by 0.78% and 0.59%, L&T, Sun Pharmaceuticals  and Tata Power gained up between 0.50%-0.10%, Tata Steel, NTPC and Wipro edged up marginally 0.04%, 0.03% and 0.01%.

Major index stock losers were, Bharti Airtel and Gail (India) dropped by 2.34% and 2.05%, ICICI Bank slipped by 1.13%, Mahindra & Mahindra, Hero Motocorp, TCS, Maruti Suzuki, Coal India and SBI declined between 1%-0.50%, HDFC and Bajaj Auto fell by 0.31% and 0.21%, Infosys and Tata Steel tad down by 0.10% and 0.09% while Hindalco Inds almost flat down by 0.05%.

Overall market breadth was positive with 1,218 shares advanced as compared to 1,111 shares declined while 140 shares remained unchanged.

July 3, 2013

Market Pulse - 3 Jul, 2013

Market Update
Markets after opening weak in the morning continued to slide down and settled at the day low, amid weak global cues, with banking sector leading the fall after the RBI mooted extra provisioning and capital requirement for banks exposure to companies with un-hedged Forex exchange position and also weakness in the rupee and rising crude oil prices weighed on market sentiment. Sensex closed down by 286.06 points or 1.47% at 19,177.76 after opening firm negative down by 116.71 points or 0.60% at 19,347.11 which too was the days high and touched a low of 19,147.31 while Nifty ended down by 86.65 points or 1.48% at 5,770.90 after weak opening down by 45.60 points or 0.78% at 5,811.95 and touched a high of 5,815 and a low of 5,760.40 for the day.

Sectoral wise, except for FMCG and Healthcare indices which ended the day in positive zone marginally up by 0.26% and 0.23%, all other indices ended in negative zone with Realty leading the list dropped down by 4.76%, followed by Metal and PSU down by 3.11% and 3.08%, Consumer Durables, Power, Oil & Gas, Capital Goods and Bankex declined between 3%-2%, while Auto and IT fell by 0.80% and 0.60%. Even in the Broader markets, both the indices Mid-cap and Small-cap ended in line with its benchmark index, Mid-cap dropped by 1.69% while Small-cap closed down by 1.44%.

Major index stock gainers were, Sun Pharmaceuticals gained up by 1.25%, Jindal Steel advanced up by 0.98% and ITC edged up by 0.42%.

Major index stock losers were, Tata Power, SBI, Sterlite Inds and Tata Steel dropped between 5%-4%, Hindalco Inds and ONGC declined by 3.61% and 3.48%, BHEL, Bharti Airtel, Wipro, HDFC, L&T, RIL and Dr Reddys Laboratories fell between 3%-2% Hero MotoCorp, ICICI Bank, Gail (India), Bajaj Auto, Maruti Suzuki and NTPC down between 2%-1%, HDFC Bank, TCS, Coal India and Tata Motors fell between 1%-0.50%, Mahindra & Mahindra marginally down by 0.19%, Hindustan Unilever and Cipla tad down by 0.09% and 0.06% while Infosys almost flat down by 0.01%.

Venus Remedies gained up 2.1%, after the company reported that it has been granted patent from the Japanese patent office for its antibiotic drug 'Elores'.

Gillette India advanced up by 2.5%, after reports of the Securities Appellate Tribunal (SAT) rejected the company’s bid to ease shareholding rules for the company.

Mangalore Chemicals and Fertilisers crashed down by 10%, on back of multiple block deals on the Bombay Stock Exchange (BSE).

Hindustan Copper closed down by 3.1%, extending its previous day’s nearly 7% fall, after the government has fixed floor price at Rs 70 per share for its 4.01% stake sale via offer-for-sale (OFS) today.

Overall market breadth was firm negative with 1,528 shares declined as compared to 787 shares advanced while 129 shares remained unchanged.

July 2, 2013

Market Pulse - 2 Jul, 2013

Market Update
Markets opened weak in the morning, traded almost flat and slipped down in the early noon trading session and setteled towards days low, breaking its three continious day of gains, as investor opted to book profits. Sensex ended the day down by 113.57 points or 0.58% at 19,463.82 after opening almost flat down by 3.45 points or 0.02% at 19,573.93 and touched a high of 19,589.14 and a low of 19,442.75 while Nifty ended down by 41.30 points or 0.70% at 5,857.55 after weak opening down by 13.35 points or 0.23% at 5,885.50 and touched a high of 5,898.80 and a low of 5,852.30 for the day.

Sectoral wise, Realty, Auto and PSU indices ended down between 1.80%-1%, Capital Goods, Oil & Gas, Bankex, Power and IT indices declined between 1%-0.50%, Metal index fell by 0.39%, Consumer Durables and Healthcare ended the day gaining up by 0.96% and 0.60%, while FMCG closed almost flat up by 0.04%. . In the Broader markets both the indices Mid-cap and Small-cap closed in line with its benchmark index, Mid-cap declined by 0.41% while Small-cap index ended marginally down by 0.10%.

Major index stock gainers were, BHEL, Gail (India) and Bharti Airtel gain between 3%-2.50%, Sterlite Inds rose up by 1.84%, ICICI Bank, Hindalco Inds, Tata Steel, TCS and Wipro advanced up between 1%-0.50% while Hindustan Unilever and Cipla almost flat up by 0.05% and 0.04%.

Major index stock losers were, Jindal Steel dropped by 3.89%, Tata Power declined by 2.15%, Hero MotoCorp, ONGC, L&T, Maruti Suzuki, Coal India, Infosys, HDFC Bank, NTPC, SBI, Tata Motors, RIL and HDFC fell between 2%-1%, Bajaj Auto and Mahindra & Mahindra down by 0.94% and 0.86%, Dr Reddys Laboratories fell by 0.33% while ITC marginally down by 0.14%.

Overall market breadth was marginally negative with 1,227 shares declined as compared to 1,122 shares advanced while 142 shares remained unchanged.

July 1, 2013

Market Pulse - 1 Jul, 2013

Market Update
Markets opened weak this morning but gained momentum in ealry noon session and maintaining its gain closed at days high led by index heavy-weights, amid positive global indicators. Sensex closed firm up by 181.58 points or 0.97% at 19,577.39 after opening marginally weak down by 43.33 points or 0.22% at 19,352.48 and touched a high of 19,598.43 and a low of 19,347.57 while Nifty closed up by 56.65 points or 0.97% at 5,898.85 after weak opening marginally down by 8.10 points or 0.14% at 5,834.10 and touched a high of 5,904.35 and a low of 5,822.20 for the day.

Sectoral wise, all sectors ended the day positively except for IT index which closed down by 1.60%. Topping the gainers list was Realty index which spurted up by 5.26% followed by indices were Power, Capital Goods and FMCG rose between 3%-2%, Metal, Auto, Oil & Gas, PSU, Healthcare and Consumer Durables gaine between 2%-1% while Bankex advanced up by 0.94%. From the Broader markets both the indices Mid-cap and Small-cap ended firm positive beating its benchmark index, Mid-cap and Small-cap index surged up by 1.81% and 1.95% respectively.

Major index stock gainers were, Maruti Suzuki spurted up by 4.37%, Sterlite Inds, Gail (India), L&T and SBI surged up between 4%-3%, Tata Motors, Jindal Steel, NTPC, Tata Power, BHEL, Tata Steel, RIL, Dr Reddys Lab, Hero MotoCorp and Hindalco Inds rose up between 3%-2%, Mahindra & Mahindra, HDFC, Cipla and Bharti Airtel gained between 2%-1%, ITC, Hindustan Unilever, Coal India and Wipro advanced up between 1%-0.40%, while Bajaj Auto gained marginally up by 0.29%.

Major index stock losers were, Infosys and TCS declined by 1.83% and 1.76%, ONGC and Sun Pharmaceuticals fell by 0.55% and 0.44%, HDFC Bank marginally down by 0.19% while ICICI Bank almost flat negative by 0.01%.

Indian factory activity remained weak in June as output contracted for the second month running and order books shrank for the first time in over four years. HSBC Manufacturing Purchasing Manager's Index (PMI) edged up to 50.3 in June 2013 from 50.1 in May 2013. The index, which gauges business activity in Indian factories but not its utilities, has been flirting with the 50 mark that separates growth from contraction for two months but has held above it for over four year.

Overall market breadth was firm positive with 1,611 shares advanced as compared to 768 shares declined while 127 shares remained unchanged.

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