August 30, 2013

Market Pulse - 30 Aug, 2013

Market Pulse 30 Aug 2013
Markets closed positive for the third straight consecutive day amid volatile trading session, after Prime Minister assured that the Rupee's decline will be addressed without capital controls or reversal of reforms. The S&P BSE Sensex closed up by 218.68 points or 1.19% at 18,619.72. The CNX Nifty gained up by 62.75 points or 1.16% at 5,471.80.

Among sectoral indices, Consumer Durables, Bankex, Healthcare, FMCG, IT, PSU and Oil & Gas indices advanced between 1-2% while Metal index dropped by over 2%.

Among major index gainers were, Bajaj Auto spurted up by 5.62%, followed by Cipla, TCS, HDFC Bank, Hindustan Unilever, HDFC, HeroMotoCorp and Wipro surging between 5-2%. Other notable gainers include Dr Reddys Lab, Gail (India), Sun Pharma, SBI, BHEL, RIL, ITC, ONGC, NTPC and Coal India. while L&T closed almost flat.

Among major index losers were, Jindal Steel tanked by 8.85%, Sesa Goa and Tata Steel also slipped by 2.70-2.35%. Hindalco Inda, Mahindra & Mahindra, Tata Power, Tata Steel, Maruti Suzuki, ICICI Bank, Infosys and Bharti Airtel were some of other notable losers on the list.

The Rupee rebounded back from its lower level to close up by 85 paise at 65.70 against dollar, after Prime Minister’s assurance to battle the currency’s fall and reviving economic growth.

Indian economy for first quarter for the current fiscal grew slower than expected rate at 4.4%. The economy grew at the slowest quarterly rate since the global financial crises.

Coal India for the first time after its ipo (initial public offer) traded below its offer price. It had touched a record low of 238.35, but it managed to close at 250.50 up by 0.55 paise or 0.22% from its previous day close of Rs 249.95.

The overall market breadth in was positive with 1,158 shares advancing compared to 1,072 shares declining.

August 29, 2013

Market Pulse - 29 Aug, 2013

Market Pulse 29 Aug 2013Markets closed higher as the Rupee turnaround from its yesterdays low, after the RBI (Reserve Bank of India) choose to provide dollars directly to the oil companies. The S&P BSE Sensex surged up by 404.89 points or 2.25% at 18,401.04 whereas the CNX Nifty climbed up by 124.05 points or 2.35% to close at 5,409.05.

Among the sectoral indices, Oil & Gas, Capital Goods, Metal, Auto and FMCG indices rose between 2-3%, Healthcare, Power, Bankex, PSU and Consumar Durables gaining between 1-2% respectively. In the broader markets, the Mid-cap index gained up by 1.5% while the Small-cap index advanced up by 0.7%.

Major index gainers were, Sesa Goa, Hindalco Industries and Jindal Steel Power Limited gained between 2-13.50%, HDFC, HDFC Bank and ICICI Bank gained 1.3-5.7%. Reliance Industries gaining by 4.20%, ONGC, Gail (India), HUL and ITC rose 2% each, Tata Motors, Mahindra & Mahindra, Maruti Suzuki, Hero MotoCorp and Bajaj Auto advanced between 1-2.60%. Other notable gainers include Bharti Airtel, Dr Reddys Lab, NTPC, BHEL and L&T advancing up between 2-4%.

Major index losers were, Coal India declining by 1.60% followed by State Bank of India, Tata Power, Tata Steel Limited, Infosys and Cipla Ltd slipping between 0.30-0.60%.

The Rupee lodged its biggest single-day gain ever by raising 225 paise or 2.35% to end at 66.55/56 against dollar, after RBI (Reserve Bank of India) announced measures to curb the Rupee fall through dollar flows on late Wednesday.

The overall market breadth was firm positive with 1,275 shares advancing while 989 shares declining.

August 28, 2013

Market Pulse - 28 Aug, 2013

Market Pulse 28 Aug 2013Markets closed almost flat after smart recovery from lower its lower level in a volatile trading session. The S&P BSE Sensex closed up by 28.07 points or 0.16% at 17,996.15, after crashing down by 590 points. The CNX Nifty closed 2.56 points down or 0.05% at 5,285.

Among sectoral indices, IT index surged up by 2.68%, Metal and Healthcare gained up by 1.88% and 1.16%, whereas Consumer Durables, Realty, Bankes, Oil & Gas, Capital Goods and FMCG indices declined. From the broader markets, both the indices Mid-cap and Small-cap declined nearly 1%.

Major index gainers were, Jindal Steel climbed by 3.70%, TCS and Tata Power surged up by 3.68 and 3.63%, Tata Power rising by 3.30%, Hindalco Inds and Infosys advanced up by 2.92% and 2.03%.

Major index losers were, HDFC crashing by 7%, ONGC slipped by 6%, Gail (India) fell by 4%, Bharti Airtel declining by 2.20%.

The Rupee continued its fall to close at 68.80 after touching its life-time low of 68.85.

The overall market breadth was firm negative with 1,346 shares declining as compared to 860 shares advancing.

August 26, 2013

Market Pulse - 26 Aug, 2013

Market Pulse 26 Aug 2013Markets closing marginally higher rising for third consecutive day, amid volatile trading session, led by index heavy-weight Infosys and Capital Goods shares on hopes of higher capital inflow. The S&P BSE Sensex advanced by 38.69 points or 0.21% to 18,558.13. It touched a high of 18,728.19 in the intra-day today. The CNX Nifty closed tad up by 4.75 or 0.09% at 5,476.50, it had touched a high of 5,528.70 in the intra-day today.

Among sectoral indices Power, IT, Capital Goods, Matel, Healthcare, and Realty indices surged between 1%-2%, while, Oil & gas and Bankex index dropped between 0.4%-1%.
In the broader markets, both the Mid-cap and Small-cap indices out performed the benchmark index as they gained nearly 1% each.

Among index gainers were, BHEL spurting up by 6.63%, NTPC and Sterlite gaining between 2%-3%, Hero MotoCorp gained up by 2.35%, Wipro, Infosys and TCS also advanced between 1%-2%, L&T gained up by nearly 1%. Other notable gainers were Reliance Industries, Jindal Steel, Sun Pharma, Dr Reddy’s Lab and Maruti Suzuki.

Among index losers were, Oil and Natural Gas Corporation (ONGC) dipped over 3%, Other prominent losers were GAIL, ICICI Bank, Tata Steel and ICICI Bank.

Sesa Goa surged up by 9.39% ahead of its merger with Sterlite Industries, on reports that it will replace Sterlite Industries in the S&P BSE Sensex 30-share benchmark index.

The overall market breadth was positive with 1,299 shares advancing compared to 991 shares declining.

August 23, 2013

Market Pulse - 23 Aug, 2013

Market Pulse 23 Aug 2013Markets closed on a positive note for the week ended, gaining for the second consecutive day on sustained value buying in select sectors like Bankex, Oil & Gas and Auto, as battered Rupee gained at the close erasing early losses. The S&P BSE Sensex rose by 206.50 points or 1.13% to close at 18,519.44. The CNX Nifty surged up by 63.30 points or 1.17% to end at 5,471.75.

Among sectoral indices, barring Realty index which closed weak by 1.33%, all the other indices gained with Capital Goods surging up by 2.04%, Bankex rose up by 1.91%, Oil & Gas, Consumer Durables and Auto indices gained up by 1.59%, 1.55% and 1.51%. IT, Power, Metal, FMCG and Healthcare were other indices which managed to close positive. In the broader markets Mid-cap and Small-cap indices rose by 0.70%-0.90% respectively.

Major index gainers were, BHEL spurted up by 8.10 %, Tata Steel surged up by 3.27%, Tata Motors jumped up by 2.85 % and Reliance Industries advancing by 1.64%. HDFC Bank, ICICI Bank, State Bank of India, HDFC Ltd., Coal India, Jindal Steel, Sterlite Industries, Maruti Suzuki, Mahindra and Mahindra and Sun Pharm were some of the gainers on the list.

Major index losers were, Bharti Airtel declining by 2%, Hindalco Industries shedding by 2%, Sterlite Industries fell by 1.70%, NTPC was down 1.60%.

Markets sentiment improved after as the Rupee rebounded from its life-time low of 65.56 to close at 63.20, as against yesterdays closing of 64.55 and gaining after six consecutive loosing streaks,

The overall market breadth was positive with 1,341 shares advancing, while 976 shares declining.

August 21, 2013

Market Pulse - 21 Aug, 2013

Market Pulse 21 Aug 2013Markets extended its losses for the fourth consecutive days sheding off its early gains, led by bleeding Rupee which is hitting new lows amid rising fears of US Federal reserves rolling back its stimulus soon. The S&P BSE Sensex ended 340.13 points or 1.85% lower to 17,905.91. The CNX Nifty dropped by 98.90 points or 1.83% to 5,302.55.

Among the sectoral indices, Metal and Oil & Gas indices dropped by almost 4% followed by Realty, FMCG, Healthcare, Capital Goods, Power and Auto all the indices slipped between 2%-3%, while Bank and Consumer Durables ended on a positive note. In the broader market both the Mid-cap and Small-cap index fell down by 1.24% and 0.82% respectively.

Major index gainers were, BHEL surged up by 3.15, HDFC and HDFC Bank gaining between 2-3%, Gail (India) and Tata Power advanced by 0.72% and 0.14%.

Major index losers were, Bharti Airtel crashing down by over 6%, Sterlite Inds, Hindalco Inds and Tata Steel dropped between 3-5%, RIL declined by 4.72%, ONGC dropped by over 2%, Infosys and TCS slumped between 1-2% and ITC slipping by almost 3%.

The rupee hitting fresh life-time low of 64.5250 per dollar on rising fears that the US Federal Reserve will soon start withdrawing its monetary stimulus to the US economy. However the partially convertible Rupee closed at 64.11/12 per dollar, down by 1.30% on back of oil refiners buying dollars.

Reliance Industries dropped by 4.72%, after reports that RIL (Reliance Industries Ltd) been asked to sell gas it has failed earlier to deliver at the old price of $4.12 per million British thermal unit.

The overall market breadth ended firm negative with 1,350 shares declining as compared to 915 shares advancing.

August 20, 2013

Market Pulse - 20 Aug, 2013

Market Pulse 20 Aug 2013Markets closed in the negative zone for the fourth straight consecutive session, amid outflow of dollars continues on macro economic concerns. Market sentiment was further battered on weakening Asia markets and lower opening of European markets on speculation of US Fedral Reserve's stimulus programme will start soon enough. The &SP BSE Sensex slumped to 17,970.98 declining by nearly 337 points before settling at 18,246.04 down by 61.48 points or 0.34%. The CNX Nifty declining towards its lowest close in almost a year, ended the down by 13.30 points or 0.25% at 5,401.45 after slipping to 5,306.35.

Among sectoral indices, Consumer Durables slipped by 3.50%, Auto, Healthcare, IT and Capital Goods too followed the falling trend, while Metal, Realty and Bankex indices ended up between 0.40%-4.80%. The broader markets closed marginally negative with Mid-cap falling by 0.40% and Small-cap down by 0.20%.

Among index gainers were, ICICI Bank and SBI ended up by over 1.5% each. Other gainers include, Hindustan Unilever, Tata Steel, Reliance Ind and ITC.

Among index loseres were, Tata Motors, M&M, Hero MotoCorp, Bajaj Auto ended lower between 0.5-4.7% each, TCS also closed 2.40% lower. HDFC, Sun Pharmacuticals, ONGC, L&T and BHEL were among the other losers.

The Rupee gained against the dollar, after RBI (Reserve Bank of India) intervened in between, after slipping to life-time low of 64.13 in the early intra-day trades. The partially convertible Rupee closed at 63.23 down by 10 paise, against its previous close of 63.13 per dollar.

Siemens gained up by 2%, after the company reported that it have won two contracts aggregating Rs 144 crore to construct 38 new 33/11kV substations from Rural Electrification Board, Bangladesh.

The overall market breadth ended marginally positive with 1,173 shares gained as compared to 1,101 shares declined.

August 17, 2013

Weekly Pulse - 17 Aug, 2013

Markets on weekly basis ended lower by over 1% in the shortened week, after fresh measures initiated by the RBI failed to contain the fall and talk of restrictions imposed on capital inflows.Furthermore, improved US economic data raised fears of US Fedrals might start scaling down its stimulus measures, which would encourage FII to trim their holdings in Indian markets. The S&P BSE Sensex lowered by 191 points or 1% to clos at 18,598 while CNX Nifty fell by 58 points or 1% to close at 5,508.

Among the sectoral indices on weekly basis, Auto, Healthcare, Metal and Realty indices managed to close positive gaining between 1-4%. Consumer Durables, Bankex, Capital Goods and Oil & Gas indices slipped between 2-5%, PSU and FMCG declining by near 1% while IT index closing marginally lower by 0.10%.

Major index gainers for the week were, Tata Motors up 12%, Tata Steel ended up 8%, Hero MotoCorp and Baja Auto gaining by 3.5-7%, Jindal Steel and Hindalco Inds gained over 2-7%.

Major index losers for the week were, BHEL crashing down by over 10%, L&T fell by 3%, Reliance Industries and ONGC losing by 0.5-5%, SBI, HDFC Bank and ICICI Bank declining between 2-9%.

August 16, 2013

Market Pulse - 16 Aug, 2013

Market Pulse 16 Aug 2013Markets crashed by 769.41 points, marking its biggest fall in last four years, snapping its four-days consecutive gains to end at 18,598 on fresh concerns of US Federal stimulus withdrawl, amid heavy selling by Foreign Institutional Investors (FII) after RBI's (Reserve Bank of India) imposed fresh restrictions and Rupee tumbling to record low of 62 a dollar. The S&P BSE Sensex plunged by 769.41 points or 3.97% to 18,598.17 while CNX Nifty slipped by 234.45 points or 4.08% to 5,507.83.

Among sectoral indices there was heavy sellings all round the counter, with Consumer Durables suffered most by plunging down by 8.38%, followed by Realty index dropping by 6.07%, Metal index felling by 5.56% and Bankex declining by 5.55%. Capital Goods, FMCG, Auto and IT were other sectoral indices declining on the counter. In the broader market, the BSE Mid-cap index ended down 2.7% and the Small-cap index ended 2.1% lower.

The plunge in the markets were led by financials, capital goods and index heavyweights. Consumer Durables index was the top loser among sectoral indices on the BSE down 8.4% followed by Realty, Metal, Bankex, Capital Goods, Oil & Gas, FMCG, Auto and IT indices down 2-6% each.

Major index gainers was the lone Hero MotoCorp advancing up by 2.40%.

Major index losers were, BHEL crashing by 10.70%, Sterlite Ind fell by 6.65%, ONGC down by 6.06%, GAIL (India) fell by 6.49%, Jindal Steel down by 5.46%, L&T slipped by 5.19%, HDFC, HDFC Bank and ICICI Bank lost by 5.81%, 5.05% and 5.02%, Reliance Industries skid by 4.62%, Maruti Suzuki fell by 4.84% and SBI declining by 3.32%.

The overall market breadth ended weak with 1,583 shares losings as compared to 729 gainings on the BSE.

August 14, 2013

Market Pulse - 14 Aug, 2013

Market Pulse 14 Aug 2013Markets closed higher on a positive note led by Oil & Gas and Auto sectors, gaining straight for fourth day in a row. The S&P BSE Sensex rose up by 137.75 points or 0.72% to 19,367.59. The CNX Nifty rose up by 43 points or 0.75% to 5,742.30.

Among sectoral indices, Auto index ended up by 3.10%, Metal Index gained by 3%, Oil & Gas, Consumer Durables, Realty, PSU and Bankex were also on the list of gainers, whereas Capital Goods, IT and FMCG indices slipped down between 0.30-1% respectively.Meanwhile, from the broader markets Mid-cap gained up by .65% while Small-cap ended marginally higher up by 0.20%.

Among index gainers were, Tata Motors spurted up by 9.67%, Hindalco Industries up by 7%, Reliance Industries, ONGC, Tata Steel, Gail (India), Bajaj Auto, Sterlite Industries, ICICI Bank, Tata Consultancy Services and Tata power also ended higher by 1-4.5% each.

Among index losers were, BHEL slipped by 2.30%. L&T, Wipro, Hindustan Unilever, Infosys, HDFC, Bharti Airtel, Dr Reddy's Labs, Jindal Steel and Cipla were some of the losers on the brouse.

Wholesale Price Index inflation rose to 5.79% for the month of July, raising uncertainty over policy action by the RBI (Reserve Bank of India) to support growth. May Wholesale Price Index was revise from 4.70% to 4.58%.

Tata Motors shares zoomed up by 9.67%, after company reported 21% jump in the sales of Jaguar Land Rover globally for the month of July.

The overall market breadth ended positive with 1,274 shares advanced while 1,061 shares declined.

For latest updates on commodity market visit Commodity Pulse.

August 13, 2013

Market Pulse - 13 Aug, 2013

Market Pulse 13 Aug 2013
Markets closed higher, marking its biggest single-day gain in almost a month, rising for second consecutive day, as IT sector heavy weight Infosys rose to its 28 month high on optimism about the sector's business outlook along with rate sensitive sector shares amid positive global cues. The S&P BSE Sensex index rose up by 282.86 points or 1.49% to end at 19,229.84. The CNX Nifty gained up by 86.90 points or 1.55% to end at 5,699.30.

Among sectoral indices Realty, Auto and Bankex surged up between 2-3%, Power, Healthcare, IT, Consumer Durables, Capital Goods and Oil & Gas also gained by 1% each while Metal index ended negative. From broader markets both the indices Mid-cap and Small-cap edged higher over 1%.

Among index gainers were, HDFC Bank, Axis Bank, ICICI Bank, SBI and HDFC rising between 1-7%, Cipla Ltd gaining by over 3%, Wipro, TCS and Infosys gaining between 1-3%, M&M, Bajaj Auto, Tata Motors and Hero Moto and Maruti Suzuki surging between 1-4%. Other notable gainers were NTPC, Dr Reddys Lab, GAIL, Tata Steel, Tata Power and Bharti Airtel.

Among index losers were, Hindalco Industries slipping by over 2%, Coal India, ONGC and Jindal Steel declining between 1-2%.

The Government's additional measures at aiming to attract capital inflows into a weak economy and to control wide current account deficit, also boosted the sentiments of the markets. The Government also raised the import duty of gold and silver to 10% both, from 8% and 6% respectively.

The Rupee after slipping recovered and manages to close to 61.17 against the dollar as compared to its previous close of 61.27/28.

Mahindra & Mahindra Ltd today reported 13.46% rise in its consolidated net profit to Rs 1,164.6 crore for the quarter ended on June 30, 2013, amid good performance of its farm equipment segment and cost control measures. It had posted a consolidated net profit of Rs 1,026.4 crore for the same period previous fiscal.

Tech Mahindra surged higher by 5% after reporting rise in its consolidated adjusted net profit by 36% quarter-on-quarter at Rs 686 crore for the quarter ended on June 2013 (Q1) due to its higher non-operating income from forex gains.

The overall market breadth was firm positive with 1,444 shares advancing compared to 899 shares declining.

August 12, 2013

Market Pulse - 12 Aug, 2013

Market Pulse 12 Aug 2013
Markets closed higher on a positive note, amid volatile trading session, after RBI (Reserve Bank of India) announced more measures to support the local currency. The S&P BSE Sensex gained today by 157.64 points or 0.84% to 18,946.98. It had touched intraday high of 19,066.97. The CNX Nifty index rose up by 46.75 points or 0.84% to 5,612.40.

Among sectorally indices, Metal index gained the list up by 4.52%, followed by FMCG up by 2.30%, Healthcare gained up by 2% and Capital Goods index rose up by 1.95%. Consumer Durables and Auto indices were other gainers on the board, while Bankex and Oil & Gas indices declined. The broader market closed firm with Mid-cap and Small-cap index gaining by 1.50%.

Among index gainers were, Sun Pharma gaining up by 6.60%, Tata Steel and Jindal Steel rose up by 8.3% and 9.4% respectively, Hero MotoCorp gained up by 3% while HDFC gained up by 3.2%. ITC, Infosys, Sterlite Industries, Hindustan Unilever and Bajaj Auto were among the other gainers.

Among index losers were, SBI declining 3.4%, TCS dropped 1.2%, Tata Power fell 3.2% while Reliance Industries dropped over 2%.

Indian Rupee pared off its intra-day gains after the Finance Minister failed to provide details of measures to protect rupee. The Rupee closed at 61.2750/2850 a dollar from Friday's close of 60.88 at the Interbank Foreign Exchange Market.

State Bank of India (SBI) slipped by 3.70% after the bank reported a drop in net profit by 13.60% to Rs 3,241 crore for the quarter ended on June 2013. Its gross non-performing assets (NPA) ratio rose to 5.56% from 4.75% in the preceding quarter and 4.99% in the year-ago period.

The overall market breadth was positive with 1,366 stocks advanced as compared to 763 stocks declined.

August 8, 2013

Market Pulse - 8 Aug, 2013

Market Pulse 8 Aug 2013Markets reversed after two days of declines to close higher after strengthening Rupee led to short covering in index heavy-weights and Ranbaxy Labs spurted after healthy US business growth on sequential basis helped restore investor confidence. The S&P BSE Sensex ended up by 124 points or 0.67% at 18,789.34. It touched a high of 18,829.26 and a low of 18,621.67 in trade today. The CNX Nifty closed at 5,565.65, up 46 points or 0.84% and it touched a high of 5,577.60 and a low of 5,510.05 in early trade today.

Among the sectoral indices, Metal Index ended 0.40% lower, followed by the HealthCare Index marginally down by 0.13%. Metal Index closed 2.60% higher, followed by Realty index which gained up by 2.30% and Power index ended up by 1.20%. The S&P BSE Midcap Index closed 1.45% higher and BSE S&P Smallcap Index ended 1.34% up.

Among index gainers were, Hindalco gained up by 5.40%, Cipla jumped up by 5%, Tata Steel surged up by 5.18%, Bharti Airtel gained up by 3.20% and Maruti Suzuki advanced up by 3.89%. HDFC, TCS, Bharti Airtel and HDFC Bank were some of the other gainers.

Among index losers were, Sun Pharma slipped by 3.20%, SBI down by 3%, Dr. Reddys Lab fell by 1.50%, Wipro down by 0.80% and Hindustan Unilever down by 0.61%.

The Rupee firmed against the dollar selling by banks and exporters. The Rupee closed at 60.88/89 per dollar as compared to yesterday's closing at 61.30/31.

Ranbaxy Laboratories jumped up by 27.49%, as company reported higher than expected revenues. Its strong US sales grew by 29% at Rs 770 crore for the June 2013 quarter as compared to Rs 595.6 crore in the March 2013 quarter.

The overall market breadth was very positive as 1,379 stocks advanced while 869 stocks declined.

August 7, 2013

Market Pulse - 7 Aug, 2013

Market Pulse 7 Aug 2013Markets continues to close lower, amid a volatile session on a negative note due to selling pressure witnessed in the Auto and IT sector shares as fears loomed that the US Fedral Reserve may soon scale-back stimulus as economy showed signs of growth recovery. The S&P BSE Sensex slipped 86 points or 0.36% to close at 18,664.88 after touching a high of 18,811.46 and a low of 18,551.35 in the day. While the CNX Nifty closed at 5,519.10, down by 23.15 points or 0.42% after it touched a high of 5,561.45 and a low of 5,486.85 in early trade today.

Among secoral indices FMCG Index closed 1.50%, Auto Index plunged 1.01%, Capital Goods Index slipped 0.40% and IT index ended 1.63% lower, Realty index jumped up by 4.70%, Metals gaining by 3% and Power index closing higher by 2.70% while Oil & Gas and PSU were other gaining sectoral indices on the brouse. The S&P BSE Midcap Index closed 0.70% higher and BSE S&P Smallcap Index rose by 1.34%.

Among major index losers were, HDFC down by 2.95%, Tata Motors fell by 2.96%, ITC down by 2.30%, Sun Pharma dropped by 2.50% and TCS slipped by 2.70%.

Among major index gainers were, Tata Power jumped up by 7.85%, Sterlite Industries gained up by 5%, Tata Steel advanced by 4.58%, BHEL gained by 2.61% and SBI up by 4.40%.

Indian Rupee, is the worst currency of Asia as of now for this year, remained weak today on back of aggressive dollar buying by the banks. At 4PM IST, the currency traded at 60.96 a dollar from Tuesday's close of 61.80 at the Interbank Foreign Exchange Market.

Tata Motors slipped by 2.96%, after company reported a decline in its consolidated net profit at Rs 1,726 crore a fall fall of 25% y-o-y (year-on-year) from Rs 2,245 crore a year ago in the same period, amid missed sales target of Jaguar Land Rover vehicles.

The overall market breadth was positive, 1,249 shares advanced as compared to 1,042 shares declined.

August 6, 2013

Market Pulse - 6 Aug, 2013

Market Pulse 6 Aug 2013Markets slumped, amid weakening Rupee and concerns of the RBI (Reserve Bank of India) would announce new measures to cap the liquidity in an attempt to avoid further fall in the Rupee. The S&P BSE Sensex dropped down by 449.22 points, or 2.34% to 18,733.04 while CNX Nifty index tumbled by 143.15 points, or 2.52%, to 5,542.25.

Among the sectoral indices, Consumer Durables index was the top loser felling down by 5.60% followed by Realty, Bankex, Metal, Capital Goods, Oil and Gas, Power, FMCG and Healthcare indices down between 1-4.6% each. In the broader market, the BSE Mid-cap and Small-Cap indices were down 1.8-2.6% each.

Among the index losers were, HDFC Bank and ICICI Bank were among the top Sensex losers which ended down over 4% each while HDFC ended down 5.9%. SBI eased 2.5%. Reliance Ind down by 2.4%, ITC slipped by 1.70%, Bajaj Auto ended down by 3.50%, Tata Powercrashed by 14.80%. Other Sensex losers include, Bharti Airtel, L&T, ONGC, and Hindustan Unilever.

The Rupee hit an all time low of 61.80 today as the liquidity tightening steps taken by RBI (Reserve Bank of India) since July 15 2013 failed to sustain the currency. The rupee was trading at Rs 61.03/05 per dollar at 16:45 after.

Tata Power slumped down by 14.80% after reporting worse and unexpected net loss of Rs 115 crore for the quarter ended Jun 2013, amid higher finance costs and foreign exchange losses.

Engineers India ended lower by 6.90% after company reported a decline in its net profit by 16% y-o-y (year-on-year) for the quarter ended June 30, 2013 at Rs 129 crore, amid fall in the operational income, compared to Rs 154 crore profit in a year ago quarter.

The overall Market breadth was firm weak with 1,599 shares as losers compared to 655 shares as gainers on the BSE.

August 5, 2013

Market Pulse - 5 Aug, 2013

Market Pulse 5 Aug 2013After eight consecutive losing streaks markets broke the jinx and managed to closed the day marginally higher after paring intraday gains amid volatile trading session led by Metal sector shares and index heavy weight ITC and Reliance Industires. S&P BSE Sensex ended at 19,182.26, marginally up by 18.24 points, or 0.10%. It touched a high of 19,306.51 and a low of 19,141.68 in intraday while CNX Nifty index closed at 5,685.40, tad up by 7.50 points, or 0.13%. It touched a high of 5,721.00 and a low of 5,661.50 today.

Among sectoral indices, Capital Goods index closed 3.6% lower, followed by Power index, which slipped 1.09%, Consumer Durable index fell by 0.50% and Realty index down 0.32%. Metal index closed 2.70% higher, followed by IT index 1.01% and Bankex index gaining up by 0.92%. BSE Midcap and Smallcap indices gained by 0.3%.

Majors index gainers were, ITC gained by 1%, RIL ended marginally positive, Sterlite, JSPL and Tata Steel gained between 1-8%. Other notable gainers were NTPC, Hero Moto, Wipro, ICICI Bank and TCS.

Major index losers were BHEL crashed by 19.08%, Tata Motors fell by 2.01%, Bharti Airtel slipped by 2.30%, L&T fell by 1.90% and Bajaj Auto down by 1.70%.

The HSBC/Market Purchasing Managers' Index (PMI) for the services industry stood at 51.3 in July, unchanged from June and just a whisker above a 20-month low of 51.1

Bharat Heavy Electricals Limited (BHEL) crashed by 19.08%, after it reported a sharp fall by 50% year-on-year in its net profit at Rs 465 crore for the first quarter ended June 30, 2013 (Q1), amid lower sales. It had a net profit of Rs 921 crore in the year-ago in the same period.

Shares in Financial Technologies (India) Ltd rose 31% at Rs 198 in volatile trading after slumping 73% over the previous two sessions. Financial Technologies shares had slumped last week to a record low after commodities exchange unit National Spot Exchange Ltd (NSEL) suspended trading in most one-day forward contracts.

The Overall market breadth in remained marginally negative with 1,128 shares declining and 1,077 shares advancing.

August 2, 2013

Market Pulse - 2 Aug, 2013

Market Pulse 2 Aug 2013Markets closed lower for straight eight trading session due to selling pressure in rate sensitive stocks as uncertainity over the rollback of remained loom

The S&P BSE Sensex ended 153.17 points or 0.79% lower at 19,164.03. The index hit a high of 19,451.70 and a low of 19,078.72 in intraday trade on Friday. While CNX Nifty closed at 5,677.90, down by 49.95 points or 0.87%. The index touched a high of 5,761.85 and a low of 5,649.00 in intraday trade.

Among sectoral indices, the S&P BSE Realty Index closed 4.01% lower, Power Index slipped by 3.70%, Metal Index plunged by 3.60%, PSU Index lost 2.60%, Consumer Durable Index ended 5.30 higher, IT index rallied by 0.96% and Technology Index was up by 0.55%. The S&P BSE Midcap Index closed 0.40% lower, while BSE S&P Smallcap Index edged lower by 1.32%.

Amoing the index gainers were TCS up by 1.60%, Wipro up by 0.58%, Infosys up by 1.04%, Reliance Industries gained by 0.80% and Tata Motors advanced up by 0.45%.

Among the index losers were Jindal Steel down by 7.30%, Coal India fell by 5.80%, Sterlite Industries down by 3.90%, Tata Steel fell by 3.70% and Tata Power fell by 3.90%.

Power Grid Corp fell 11.56%, after the company stated that it would be issuing equity shares through FPO (Follow on Public Offer) to raise fund for ite investment programme.

Infosys closed up by 1.04%, surged to its 52-week high of Rs 3,019.95, after global brokerage firm CLSA upgraded its target price.

The overall market breadth was firm negative. Out of 2,407 stocks traded, 1,487 shares declined compared to 777 advanced on the BSE.

Share This

Popular Posts

Featured Post

Sukanya Samriddhi Scheme

Sukanya Samriddhi Scheme launched by Prime Minister Narendra Modi on 22nd Januray 2015 for girl child. Under the Sukanya Samridhi Sch...

Google+ Followers