Market Pulse - 15 Jul, 2013

Markets after opening weak in the morning gained momentum in the early noon trading session and sustaining its gain closed near at days high on a positive note, after hopes of growth recovery. Sensex ended the day up by 76.01 points or 0.38% at 20,034.48 after opening weak down by 32.37 points or 0.16% at 19,926.61 touched a high of 20,0072.44 and a low of 19,883.19 while Nifty closed up by 21.80 points or 0.36% at 6,030.80 after opening down by 17.80 points or 0.30% at 5,991.20, touched a high of 6,038.20 and a low of 5,980.95 for the day.

Sectoral wise, Realty and FMCG index rose up by 1.94% and 1.19%, Capital Goods, Bankex, Oil & Gas and Auto indices gained up between 1%-0.50%, Metal and Healthcare indices advanced up by 0.46% each, Consumer Durables gained up by 0.40% and PSU almost flat positive by 0.02% while Power fell by 0.78% and IT almost flat negative by 0.03%. From the Broader markets, Mid-cap and Small-cap indices closed higher compared to benchmark index  up by 0.90% and 0.80% respectively.

Major index stock gainers were, Hindalco Inds, Sterlite Inds and Bharti Airtel rose between 4%-3%, Mahindra & Mahindra, TCS, Bajaj Auto and Hindustan Unilever gained between 3%-2%, Wipro, SBI, L&T and Hero MotoCorp gained between 2%-1%, Cipla, RIL, Jindal Steel and ITC advanced between 1%-0.50%, Gail (India) and HDFC edged up by 0.37% and 0.11% while ICICI Bank marginally up by 0.08%.

Major index stock losers were, Coal India, Infosys, NTPC and Tata Steel dropped between 3%-2%, Tata Power and Tata Motors declined by 1.17% and 1.16%, BHEL, Dr Reddys Lab, Maruti Suzuki and ONGC fell between 1%-0.10% while HSFC and Sun Pharmaceuticals almost flat newgative down by 0.05% and 0.04%.

Polaris Financial Technology rose by 4.05%, on news of company's IT services business stake sell to Tech Mahindra is in the final stage.

Overall market breadth was firm positive with 1,346 shares advanced compared to 966 shares declined while 133 shares remained unchanged.

Market Pulse - 12 Jul, 2013

Markets after opening gap up in the morning slipped down marginally and traded almost in a range till late noon when the markets started to consolidate gains and closed at days high, amid reports of narrowing trade deficit in June 2013 to $12.24 billion from a 7-month high and also Infosys Q1 result impoved the sentiments. Sensex ended the day firm up by 282.41 points or 1.44% at 19,958.47 after opening gap up by 222.63 points or 1.13% at 19,898.69, touched a high of 19,985.55 and a low of 19,785.59 while Nifty also ended firm up by 73.90 points or 1.25% at 6,009 after opening gap up by 65.40 points or 1.10% at 6,000.50, touched a high of 6,019 and a low of 5,951.15 for the day.

Sectoral wise, IT index surged higher by 6.53%, Capital Goods rose up by 2.05%, Healthcare gained up by 1.23%, Oil & Gas, Bankex and Power gained between 1%-0.60%, and Metal advanced up by 0.23%, Consumer Durables dropped by 1.09%, Realty and PSU fell by 0.46% and 0.37% while FMCG and Auto slipped marginally by 0.18% and 0.12%. In the Broader markets, Mid-cap index almost flat up by 0.02% whereas Small-cap ended marginally weak down by 0.18% compared to benchmark index respectively.

Major index stock gainers were, Infosys jumped up by 10.92%, Wipro spurted up by 3.29%, TCS, L&T, Dr Reddys Lab, Tata Motors and RIL surged between 3%-2%, HDFC Bank, Bharti Airtel, NTPC, Cipla, Tata Power and Sun Pharmaceuticals gained between 2%-1%, BHEL, Sterlite Inds, Tata Steel, Hero MotoCorp, Coal India, ICICI Bank, Gail (India) and Jindal Steel gained up between 1%-0.20% while Hindustan Unilever advanced marginally by 0.08%.

Major index stock losers were, Maruti Suzuki dropped by 3.58%, ONGC slipped down by 2.72%, Mahindra & Mahindra and Hindalco Inds fell by 1.38% and 1.12%, ITC, SBI and Bajaj Auto down between 1%-0.40% while HDFC down by 0.38%.

Infosys jumped up by 10.92%, after reporting a better-than-expected consolidated net profit at Rs 2,374 crore for the first quarter ended June 2013 (Q1). Analyst on an average had expected profit of Rs 2,296 crore from the IT major.

Sintex Industries dropped down by 4.06%, after reporting  a 10% drop year-on-year (y-o-y) in the consolidated operating profit at Rs 161 crore for the quarter ended on June 2013, due to higher depreciation and interest cost, which had an operating profit of Rs 178 crore in a year ago quarter.

Overall market breadth was a bit negative with 1,226 shares declined compared to 1,073 shares advanced while 148 shares remained unchanged.

Market Pulse - 15 Mar, 2013

Fri, Mar 15, 2013 at 16:30 PM
Markets closed lower, amid profit booking in index heavy weight.
Markets closed lower after opening firm in the morning, amid profit booking in index heavy weights ans rate sensitive sector shares. Weak global cues also lend a hand dragging markets down. Sensex closed down by 142.88 points or 0.73% at 19,427.56, after opening up by 56.94 points or 0.29% at 19,627.88 and striking a high of 19,673.16 and a low of 19,383.13, while Nifty closed down by 36.35 points or 0.62% at 5,872.60, after opening up by 21.85 points or 0.37% at 5,930.80 and touching a high of 5,914.90 and a low of 5,816.00 in the day.

Sectoral wise, barring Consumer Durables index spurted up by 2.49% and IT index ended up by 0.25%, all other indices closed negative. Real-Estate index led the list of losers by dropping down by 2.81% followed by Bank and Oil & Gas indices declining by 1.67% and 1.18% each, Auto fell by 0.80%, Capital Goods and Metal down by 0.59% and 0.56%, PSU declining by 0.40%, Power fell by 0.38% and Healthcare tad down by 0.06%, while FMCG index ended the day flat. In broader markets, Mid-cap and Small-cap indices declined in line with index down by 0.62% and 0.84% each.

Major stock gainers were, Mahindra & Mahindra surged up by 1.48%, Tata Power Company gaining up by 1.19%, Hero MotoCorp advanced up by 0.73%, Wipro Limited up by 0.57%, Hindustan Unilever up by 0.49%, Sun Pharmaceuticals and Dr Reddys Laboratories gained up by 0.34%-0.32% each, Infosys up by 0.31%, HDFC and State Bank of India gained up by 0.29%-0.26%, Coal India Limited up by 0.25% and Tata Consultancy Service gained up by 0.19%.

Major stock losers were, ICICI Bank dropped down by 3.93%, Tata Motors declined by 3.27%, Gail (India) fell by 2.60%, Reliance Industries Limited down by 1.96%, HDFC Bank Limited down by 1.67%, Bharti Airtel fell by 1.25%, Larsen & Toubro and Maruti Suzuki fell by 1.09% each, Jindal Steel & Power Limited and Tata Steel Limited fell by 0.92% and 0.77%, NTPC, BHEL, Hindalco Industries, Cipla Limited and ONG declined between 0.70-0.20% each, Sterlite Industries and Bajaj Auto down by 0.15%-0.11% and ITC tad down by 0.05%.

Wipro Limited, Infosys and Tata Consultancy Services and gained up by 0.57, 0.31 and 0.19% on back of encouraging economic data from US. Motilal Oswal, the brokerage firm, believes that Infosys 3QFY13 may be the first quarter of company's growth of a visible momentum and there is further upside movement from the current levels. It has suggested as "buy" call for Infosys.

Siti Cable Network, Den Network, Hathway Cable and Datacom surted up between 4-8% each, as TV broadcasters and multi-system operators (MSOs) are gearing up to meet the deadline for mandatory switching from analogue to digital services in the National Capital Region and another 30-odd cities nationwide.

ICICI Bank dipped down by 3.93% on reports that tha goverment is investigating the allegations of money laundering practices, earlier in noon deal the stock has dipped almost by 5% on back of heavy volumes.

Reliance Industries dropped down by 1.96%, as Kotak Institutional Equities maintains its "reduce" rating in Reliance Industries Limited, stating that investors are over-estimating the impact from a potential gas price hike and the value creation from its capital spending plans.

Overall market breadth was firm negative with 1,754 shares declined compared to 1,114 shares advanced, while 122 shares remained unchanged.

Market Pulse - 20 Feb, 2013

Wed, Feb 20, 2013 at 17:30 PM
Markets closed flat.

Markets after opening firm in the morning raking positive cues from global peers, ended almost flat, amid selling pressure in banking and metal sector. Sensex ended up by 7.03 points or 0.04% at 19642.75, after opening up by 82.22 points or 0.42% at 19,717.94 and touching high of 19,742.42 and low of 19,619.89, while Nifty closed almost flat up by 3 points or 0.06% at 5,943.05, after opening up by 26.60 points or 0.45% at 5,966.30 and touching high of 5,971 and low of 5,937.55 in the day.

Sector wise, Oil & Gas, Real-Estate and IT were the only indices closing positive, while all other indices ended negative. Oil & Gas gaining up by 1.70%, Real-Estate and IT up by 0.77 and 0.60% each. Consumer Durables index down by 1.37%, Metal fell by 0.61%, Capital Goods and FMCG down by 0.47% each, Bank and Power indices declining by 0.38-0.35% each, Auto down by 0.27% while PSU and Healthcare ending down by 0.18-0.17% each. From broader markets, Mid-cap index closed tad down by 0.17%, while Small-cap closed up by 0.36%.

RIL spurted up by 3.13%, Sun Pharmaceutical gained up by 1.37%, Hero MotoCorp up by 1.26%, Coal India gaining up by 1.12%, Gail (India) up by 0.99%, Dr Reddy’s Laboratories gained up by 0.90%, TCS gaining up by 0.65%, HDFC Bank up by 0.55%, Wipro gained up by 0.55%, Tata Power up by 0.41% while Infosys tad up by 0.03%.

Tata Steel and Jindal Steel down by 1.75% and 1.47%, Cipla and Bharti Airtel declining by 1.32%-1.04% each, State Bank of India and ICICI Bank declining by 0.98% and 0.94%, Tata Motors, Bajaj Auto and Maruti Suzuki down by 0.96%, 0.38% and 0.28%, NTPC declining by 0.81%, Larsen & Tourbo down by 0.58%, ITC fell by 0.56%, Sterlite Industries and Hindalco Industries fell by 0.54% and 0.45%, BHEL down by 0.47%, ONGC fell by 0.39%, HDFC down by 0.29% while Mahindra & Mahindra and Hindustan Unilever were tad down by 0.08% and 0.06%.

Tata Consultancy Services announced that it is expanding operations in British, with a new facility at Liverpool to be fully operational with 300 employees.

Infosys earlier in the day surged on new that it's the first Indian company admitted for trading on NYSE Euronext's (NYX) Londoan and Paris markets, however the stock ended almost flat.

Tata Motors Ltd closed down by 1%, after company said that, immediate steps are needed to put medium and heavy commercial vehicle segment back on track and plans to re-calibrate its strategy by cutting on expansion and shifting focus on manufacturing new models.

According to Care Ratings study, high-cost production and low realization is likely to drag down the operating profit of sugar companies. The increase in cost of production is primarily aspect to the substantial rise in the sugarcane procurement cost which accounts for almost 80 to 85% of the total operating cost of the industry. Several sugar stocks dipped into red.

Newly listed V-Mart Retail declined by 2.3%, after debuting at a premium of 2.86% to the initial public offer price.

Overall market breadth was marginally positive, with 1,152 shares gaining compared to 963 shares declining while 862 shares remained unchanged.

Wed, Feb 20, 2013 at 09:30 AM
Markets opened firm.

Markets have opened higher on the back of strong global cues. Sensex opened up by 101 points at 19,736 is current up by 52 points at 19,688, while Nifty opened up by 27 points at 5,970 is current up by 14 points at 5,955.

In sectoral front, Oil & Gas index has surged up by almost 1%, followed by indices like Real-Estate, Auto, FMCG, PSU, Banks, Healthcare, Metal, IT and Capital Goods. All indices gaining marginally, however, Power and Consumer Durable indices are trading marginally negative. Whereas, Mid-cap and Small-cap indices are trading marginally positive, both gaining between 0.2-0.4%.

Major stock movers are, Reliance Industries up by over 1%, Sun Pharma, ITC, Hindalco Industries, ONGC, Hero Motocorp, Coal India Limited, HDFC Bank, Wipro and Mahindra & Mahindra are other notable gainers, whereas, Maruti Suzuki, Hindustan Unilever, NTPC and Bajaj Auto were some of the losers declining by 1%

Reliance Industries gaining up by over 1%, as the company and its partner BP Plc announced plans on jointly investing more than $5 billion for over the next three to five years to boost output at a key natural gas field off India's east coast.

Overall market breadth is positive with 852 shares advancing compared to 414 shares declining.

Market Pulse - Jan 14, 2013

Mon, Jan 14, 2013 at 16:30 PM
Markets closed positive.

Markets after a positive start, traded on a firm note through the day and ended near the day's high. Sensex gained by 243 points to 19,906, while Nifty was up by 72 points at 6024.

The headline inflation slowed down to its lowest level in three years, hardening expectations for an interest rate cut by the RBI later this month to boost an economy that is set to post its slowest growth in a decade. The annual wholesale price inflation (WPI) eased to 7.18% in December, government data showed on Monday. It was below analysts' expectations of 7.40% and down from 7.24% annual rise in November.

Rate sensitive sectors were among the top gainers on hopes that easing inflation would help the central bank to cut rates at its policy meet during the end of the month. Realty index surged by 5% , IT index went up by 2.5%, however, Auto index shedding 0.5%.

TCS was up over by 2% ahead of its Q3 earnings to be release after market hours today. Infosys extended gains was up over by 3.4%, also raising its full year guidance. Jindal Steel, Tata Steel and Hindalco surging by 1-3% each, ONGC was up by 4.2% in spite of CLSA downgrading the company. Among other gainers were ICICI Bank and larsen & Toubro. FMCG majors - ITC and HUL adding around 1.5% each.

On the other hand, Maruti Suzuki slipped by 1.7%, Cipla, Bajaj Auto and Coal India shedding around by 1% each. Tata Motors slipping by 0.6%.

Overall market breadth was fairly positive, of 3,007 stocks traded, 1,368 shares advanced while 846 shares declined.

Mon, Jan 14, 2013 at 15:30 PM
Markets closed positive.

Markets after a positive start, has closed positive, amid drop in inflation and reports about postponement of GAAR implementation lifted sentiment and drove stock prices up. Sensex has ended (provisional) at 19,948 - up by 283 points, while Nifty has ended up by 73 points at 6,024.

IT stocks traded firm right through the session. Realty stocks were a bit subdued early on, but gained in strength as the session progressed. Oil, PSU, metal, capital goods and consumer durables stocks too mostly ended higher. Stocks from FMCG, power and banking sectors too closed on a firm note. Pharma and automobile stocks were a bit subdued.

There were strong gains for some midcap and smallcap stocks.

Overall market breadth was fairly strong.

Mon, Jan 14, 2013 at 14:00 PM
Markets trading firm.

Markets after opening positive build gains throughout the session. Sensex is now up with a gain of 162.36 points or 0.84%, while Nifty is up by 48.65 points or 0.8% at 5999.95.

Infosys, up 3% at Rs 2793, is the top gainer in the Sensex. Tata Consultancy Services, ONGC and Jindal Steel & Power are trading higher by around 2.5%. ICICI Bank, ITC, Larsen & Toubro, Tata Steel, Bharti Airtel and NTPC are up 1% - 1.8%. Dr Reddy's Laboratories, Hindalco, HDFC, GAIL India, BHEL, State Bank of India and Hero Motocorp are also trading firm.

Mon, Jan 14, 2013 at 11:30 AM
Markets trading firm.

Markets which spurted to 19,853.91, is currently up by 144.40 points or 0.72% at 19,808.04, while Nifty is up by 40.40 points or 0.68% at 5991.70, slightly off the day's high of 6002.45.

Infosys, extending previous session's hefty gains, is trading stronger by 3.2%. Tata Consultancy Services is up with a gain of nearly 2% and HCL Technologies is up nearly a percent.

ONGC, DLF, ICICI Bank, Axis Bank, Punjab National Bank, Bharti Airtel, NTPC, ITC, Siemens, Dr Reddy's Laboratories, Jaiprakash Associates and GAIL India are up by 0.5% - 2.6% now.

Mon, Jan 14, 2013 at 10:00 AM
Markets trading firm.

Markets trading firm in early trades as investors maintained buying interest in IT sectors, amid hopes of robust earnings from TCS later today, after Infosys upbeat third quarter performance. Sensex gained by 84.14 points at 19,748.09, while Nifty gained by 7.95 points at 5,9969.20.

Sector wise, Autos, Metal, Real-Estate, Power, Banks declined, while IT, Consumer Durables, Oil & Gas, FMCG indexes gained. Mid-caps and Small-caps falling by 0.1% each.

Major performing stocks at this hour are, Maruti Suzuki down by 1.6%, Mahindra & Mahindra and Hero MotoCorp dropped by 1.3% and 0.1%, SBI felling by 0.6%, Sterlite Industries and Tata Steel down by 1% and 0.4%, while Sun Pharma and Cipla down by 0.6% and 1%. Infosys gaining by 4%, Wipro and TCS up by 0.4% and 1%, ONGC up by 1%, ICICI Bank up by 0.4%, Reliance Industries up by 0.3%.

The other key notable movers include Geojit BNP Paribas Financial Services surging over by 5%, after reporting over two-fold increase in the net profit at Rs 13 crore for the third quarter ended December 2012 (Q3) as against Rs 4.3 crore during the same quarter of the previous year.

The overall market breadth was positive, of 1,775 stocks traded, 869 stocks advanced compared to 831 declines.

Mon, Jan 14, 2013 at 09:30 AM
Markets opens firm.

Markets opened higher, amid buying in IT sectors after better-than-expected results by Infosys. Sensex gained 25.45 points and opened at 19,689.09, while Nifty gained 15.90 points at 5,967.20 in opening trades.

Sectoral wise, barring Banks, IT, Consumer Durables indexes, all sectoral indices gained. Mid-caps and Small-caps rising by 0.1% each.

Among major stocks, Hero MotoCorp down by 0.7%, SBI down by 0.4%, ONGC down by 0.6%, while Sun Pharma and Cipla felling 0.4% each. Infosys gained by 2%, Wipro and TCS rising by 1%, while Sterlite Industries and Tata Steel up by 0.4%.

Overall market breadth was positive, of 749 stocks traded, 447 stocks advanced compared to 265 declines.

Market Pulse - Jan 11, 2013

Fri, Jan 11, 2013 at 16:30 PM
Markets ends lower.

Markets, after optimistic start, skid into negative zone and finally ended marginally lower, amid investors opted to trade cautiously ahead of inflation data scheduled next week. Trading was volatile with IT companies leading gains after better than expected Infosys' third quarter results, however, gains were capped on growth recovery concerns after weaker-than-expected November industrial output. Sensex inched up by 0.09 point at 19,663.64, while Nifty felling by 17.35 points at 5,951.30.

Sectoral wise, barring IT, Consumer Durables indexes, all sectoral indices plunged down with FMCG, PSU, Power, Real-Estate, Banks, Capital Goods sectors leading declines. Mid-caps and Small-caps also declining by 1.6% each.

Major loosing stocks were, ONGC down by 3.3%, ITC and HUL down by over 2.5% and 3.5%, Bharti Airtel declined by 1.6% , BHEL declined by 2%, SBI and ICICI Bank down by 2% and 1.5% each, while Reliance Industries down by 1.2%.

Major gainer stocks were, Infosys gaining by 16%, Wipro and TCS rising by 4-6%, while Sterlite Industries up by 1%. Shares of information technology (IT) companies are in focus after Infosys reported a better-than-expected net profit for the third quarter ended December 2012 (Q3) and upped its full year guidance.

The other key notable movers are, Scooters India locked in lower circuit of 5%, on reports that the government deferred the revival plan of the company.

Parkeh Aluminex tanking by 10%, locked in maximum lower permissible limit for second day in a row after the company said Mr Amitabh Parekh, the founder chairman and managing director of the company expired on January 06, 2013.

Overall market breadth was negative, of 3,078 stocks traded, 1,963 stocks declined compared to 985 advanced.

Fri, Jan 11, 2013 at 15:30 PM
Markets ends lower.

Markets ended down after a volatile session as investors kept booking profits in index heavyweights, mid-cap, small-cap stocks after weaker-than-expected November industrial output. Sensex down by 24 points and ending at 19,639.34 (provisionally), while Nifty down by 17.35 points at 5,951.30 (provisional)

Fri, Jan 11, 2013 at 15:00 PM
Markets trading flat.

Sensex is up by 0.15 percent, while the NSE Nifty is down 0.14 percent.

The gains were primarily led by a rally in software services exporters, after Infosys surprised markets by raising its revenue outlook and posting better-than expected earnings.

Infosys is up 16.4 percent, while Tata Consultancy Services Ltd (TCS.NS) shares gain 4.2 percent ahead of earnings on Monday.

Outside of IT stocks, most sectors and stocks fell.

Fri, Jan 11, 2013 at 11:30 AM
Markets trading flat.

Markets which opened firm, amid better than expected Q3 Infosys result. Sensex, which rose declined to around 19,727.12 after rising to 19,839.80 in early trades, is currently at 19,756.80, up by 93.25 points or 0.47% from its previous close, while Nifty is up by 18 points or 0.3% at 5986.65, more than 30 points off the day's high of 6018.85.

Fri, Jan 11, 2013 at 11:30 AM
Markets trading firm.

Markets trading firm after upbeat Infosys third quarter results ignoring sudden contraction in November industrial output. Sensex gaining by 95 points at 19,758.55, while Nifty rising by 18 points at 5,986.65.

Fri, Jan 11, 2013 at 11:30 AM
IIP.

India's Industrial Production fell 0.1% in November from a year earlier, government data showed on Friday.

Analysts polled by Reuters had expected output to grow 0.7% annually. Revised data for October showed production at factories, mines and utilities grew 8.3% compared with 8.2% earlier.

Manufacturing, which constitutes about 76 percent of industrial production, rose by 0.3% from a year earlier, the federal statistics office said.

In the April-November period, industrial production expanded an annual 1.0%.

Fri, Jan 11, 2013 at 10:00 AM
Markets open firm.

Sensex, which spurted to 19,839.80 in early trades, is currently up by 111 points or 0.57% at 19,774.55, while Nifty is up by 23.95 points or 0.4% at 5992.60.

Infosys Limited has reported a net profit of Rs 2265 crore for the quarter ended December 2012, as compared to a net profit of Rs 2235 crore it had recorded in the previous quarter. However, the standalone revenue for the third quarter rose by 8.3%. The company reported a revenue of Rs 9,878 crore as compared to Rs 9,118 crore in the corresponding period a year ago.

On consolidated basis too the IT giant reported a flat net profit at Rs 2,369 crore as against Rs 2,372 crore in the previous quarter ended September 2012. The revenue rose 12.4% at Rs 10,927 crore as against Rs 9,720 crore in the previous quarter.

Fri, Jan 11, 2013 at 09:30 AM
Markets open firm.

Markets have opened firm this morning, piggybacking on a strong set of numbers from IT bellweather Infosys. Sensex spurted to 19,839.80 in early trades, and is currently up by 118 points or 0.65 at 19,781.55, while Nifty is up by 30 points or 0.5% at 5998.65, off an early high of 6012.40.

IT index is up nearly 6.5% with Infosys gaining as much as 12%. HCL Technologies, TCS, Wipro, Tech Mahindra and Mahindra Satyam are also up with strong gains. However, FMCG index has slipped by 1%, Oil & Gas, Capital Goods, Power and Bankex shedding by 0.2-0.5% each.

Sterlite and Tata Steel are also in the green. On the other hand, ONGC has slipped by 2%, ITC down by 1.7%, among other losers are Tata Power and GAIL.

Overall market breadth is neutral, of 1,877 stocks traded, 919 shares advancing compared to 887 shares declining.