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.

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