12 December, 2012

Market Pulse - Dec 12, 2012


Wed, Dec 12, 2012 at 17:30PM
Markets ends lower.
Markets closed down, amid sharp reversal in industrial growth during October and retail-level inflation up to 9.9% in November, dimmed interest rate cut hopes. Sensex, which had lost nearly 100 points in the past three trading sessions, fell further by 31.88 points, or 0.16 per cent to close at 19,355.26, which, in the early morning session touched the day’s high of 19,478.79, but failed to sustain the momentum after release of IIP and inflation data. Also, Nifty dropped by 10.80 points to 5,888 after mounting to 5,924.60 at the start.
Sector wise, Capital Goods index was the top loser down by 1% followed by Power, Metal, Bank and FMCG. Consumer Durables and Auto indices were the gainers for the day. In the broader market, the BSE Mid-cap ended flat at 0.06% while the Small-cap index ended 0.2% higher.
HDFC was down by 1.7% at Rs. 860.00 after rising consumer price inflation shattered the expectation of a rate cut by the central bank. Larsen & Toubro ended down 1.2% on profit taking after the stock rose from Rs 1,550 levels since Nov 20. Hindustan Unilever was down 2.7% at Rs 530 following concerns over increase in royalty payouts. Investors were jittery following announcement by parent Unilever that it was increasing royalty to 5% of sales from the current 3.5% in Indonesia. Other shares which declined include, ONGC, ICICI Bank and BHEL.
Mahindra & Mahindra ended up 2.2% at Rs 948 tracking gains of its group company Tech Mahindra which rallied on reports that more than 7% of total equity of the company (Tech Mahindra) changed hands via bulk deals. Two-wheeler majors Hero Honda and Bajaj Auto ended over 2% each on hopes that sales growth during the third quarter (Oct-Dec) would continue to remain strong on the back of demand during the festive season.
Among the heavyweights, Reliance Industries gained 1.5% and ITC ended 0.7% higher at Rs 306. Among other shares rallied were, Tech Mahindra by 3.7% to Rs 911 on reports that more than 7% of total equity of the company has changed hands via bulk deals. Mahindra Satyam surged 6.4% to end at Rs 104 after the Andhra Pradesh High Court (HC) stayed the order issued by the authorities of Enforcement Directorate (ED) that attached Rs 822 crore cash reserves of the company lying with various banks in Hyderabad. ABG Shipyard ended higher by 1.2% at Rs 375 after the company said it has received an order from Indian Navy worth Rs 485 crore for the construction of Cadet training ship. “The company has signed a repeat order for construction of one additional Cadet Training Ship for Indian Navy (Ministry of Defence) valuing Rs 485 crore,” ABG Shipyard said in a statement.
Overall market breadth was nearly neutral with 1,494 losers and 1,433 gainers on the BSE.

Wed, Dec 12, 2012 at 15:30PM
Markets ends lower.
Markets ended marginally lower, amid a volatile trading session, as rising consumer price inflation dashed hopes of a rate cut by the central bank. Sensex provisionally ended down 48 points at 19,340, while Nifty ended down 11 points at 5,881.

Wed, Dec 12, 2012 at 12:30PM
Markets flat to negative.
Higher October IIP has helped the markets to stay in the green for a while but not for long and pared the morning gains. Sensex is down by 30.06 points or 0.16% at 19,357.08, while Nifty is down by 15.35 points or 0.26% at 5,883.65.
Sector wise, IT index is leading the gains, followed by Auto and Realty indices. On the other hand, Capital Goods index has slipped half a per cent.
Hindustan Unilever has slipped 1.5% to Rs 536 following concerns over increase in royalty payouts. Investors were jittery following announcement by parent Unilever that it was increasing royalty to 5% of sales from the current 3.5% in Indonesia. HDFC is the top loser - down 2% at Rs 858, followed by Jindal Steel, GAIL and Tata Power. Meanwhile, auto shares are leading the gains. Mahindra & MAhindra is up 2.7% at Rs 953. Hero MotoCorp and Bajaj Auto are up 1.5% each. Among other key gainers are Reliance, Infosys, TCS and HDFC Bank.
BSE market breadth is neutral. Out of 2768 stocks traded, 1332 shares have advanced while 1326 shares have declined.

Wed, Dec 12, 2012 at 12:30PM
Markets trading flat.
Markets which surged high after opening in the morning is trading now flat. Sensex, which declined to 19,381 after surging to 19478.79, is currently down by 12.79 points or 0.07% at 19,374.35, while Nifty is down by 12.35 points or 0.21% at 5886.65.
According to the data released by the government a little while ago, industrial production for October 2012, came in at 8.2%, much higher than an expected 4.5% growth. The government has revised September IIP to 0.7%, from the earlier 0.4%. While the manufacturing sector grew at 9.6%, as compared to -6% in the corresponding month last year, basic goods sector saw a 4.1% surge in October 2012, as against 1.2% in the same month last year.The consumer goods sector grew at 13.2%, as compared to 0.1% and the electrictity sector saw a growth of 5.5%, down slightly from 5.6% last year, while the capital goods sector recorded a 7.5% growth as gained a dismal -26.5% in the same month last year.

Wed, Dec 12, 2012 at 10:40AM
Markets flat after early morning surge.
Markets trading flat, after surging high in early morning trades. Sensex is up by 8.17 points or 0.04% at 19395.31, while Nifty is down by 2.9 points or 0.05% at 5896.10.
Early in the morning, market was trading high with investors picking up stocks from across various sectors, on hopes of government pushing economic reforms forward.
Healthcare, Bank, Consumer Durables and Capital Goods stocks were among the prominent gainers with several stocks from Realty, FMCG, Power and Metal sectors too moving up sharply. Other few notable gainers were from Oil & Gas, Automobile and Information Technology sectors as well.

Wed, Dec 12, 2012 at 10:00AM
Markets gain on positive global cues.
Markets opened positive on global cues. Sensex, which rose to 19,612.18, is up 186.41 points or 0.96% at 19,596.10, while Nifty is up 53 points or 0.9% at 5961.90.
Sun Pharmaceutical Industries, up 3.7% at Rs 728, is the top gainer in the Sensex at present. Jindal Steel & Power and ICICI Bank are up 2.5% and 2.2%, respectively. Hindustan Unilever (1.8%), HDFC (1.5%), Cipla (1%), Reliance Industries (1%) and Dr Reddy's Laboratories (1%) are also up with impressive gains. ITC, Wipro, Hero Motocorp, Tata Motors, HDFC Bank, NTPC, Coal India, State Bank of India, Tata Steel, Tata Power and BHEL are also trading higher.

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