17 July, 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.

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