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.

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