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.

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