13 December, 2012

Market Pulse - Dec 13, 2012


Thu, Dec 13, 2012 at 17:00 PM
Markets ended negative ahead of inflation data.
Despite a positive start, market ended notably lower as investors, amid doubts about a rate cut in the near future and on worries about the looming U.S. fiscal cliff. A weak start in European markets, some negative news on a few front line stocks and profit taking after recent sharp gains too contributed to the negative closure. Sensex, which surged to 19,421.72 in early trades, tumbled to 19,196.75 past mid afternoon and finally ending the day with a loss of 126 points or 0.65% at 19,229.26. Nifty closed at 5851.50, recording a loss of 36.50 points or 0.62%.

FMCG, Consumer Durables and Realty stocks ended sharply lower, along with several stocks from Metal, Capital Goods, Power and PSU sections too closed with notable losses. Healthcare and Bank stocks found some support but failed to hold at higher levels. Information technology stocks too closed on a subdued note. Automobile and Oil stocks saw some good spells during the day.

After starting off on a fairly steady note, mid-cap and small-cap stocks retreated and lost significant ground as the session progressed. The BSE Mid-cap and Small-cap indices ended lower by 1.16% and 0.97%, respectively.

ITC, FMCG heavyweight, ended lower by over 3.5% following FTSE lowering its free float weighting for the cigarette maker in its global equity index series.

Hindustan Unilever ended the day lower by almost 2%, after regaining some lost ground. The stock tumbled amid reports that Unilever's Indonesian subsidiary has agreed to pay a higher royalty payment to Unilever Plc.

Sterlite Industries, also ended lower around 3.2%. Hindalco ended lower by about 2%, Tata Steel lost 1.7% and Coal India ended lower by a little over half a percent. Sesa Goa ended 3.4% down and JSW Steel lost 2.4%, while SAIL eased by over 1%.

Pharmaceuticals stocks Cipla lost ground by 2.1%, Dr Reddy's Laboratories ended lower by 1.1% and Sun Pharmaceutical Industries down nearly a percent. Divi's Laboratories, Aurobindo Pharma, Opto Circuits and Wockhardt also declined sharply.

Capital goods heavyweights BHEL and Larsen & Toubro lost 1.8% and 1.3%, respectively. Punj Lloyd, Crompton Greaves, Jindal Saw, Welcorp, AIL, Bharat Earth Movers, AIA Engineering and Praj Industries were among the other notable losers in the capital goods space.

NTPC, State Bank of India, Mahindra & Mahindra, Infosys, HDFC, Hero Motocorp and Tata Power also closed weak.

Reliance Infrastructure, Jaiprakash Associates, IDFC, Ambuja Cements, ACC, Grasim Industries, Kotak Bank and BPCL ended on a weak note.

Tata Motors moved up by nearly 4% on sustained buying at the counter following the company's UK subsidiary Jaguar Land Rover reporting a record sales of 29,893 vehicles in the month of November.

Jindal Steel & Power, Bharti Airtel and Bajaj Auto gained 1.3% - 1.8%. ICICI Bank notched up a gain of 0.8%. Power Grid Corporation, Siemens, Cairn India, HCL Technologies and Lupin posted modest gains, while Ultratech Cement, ONGC and Reliance Industries edged up marginally.

NMDC had a good spell in positive territory following the government's stake sale offer in the stock receiving a good response from investors. Honeywell Automation, Puravankara Projects and SREI Infrastructue attracte buyers on stock specific news.

The market breadth was weak. Out of 3060 stocks traded on BSE, 1834 stocks declined. 1106 stocks moved up and 120 stocks ended flat.

Thu, Dec 13, 2012 at 15:30 PM
Markets ended negative.
Market ended lower for fifth consecutive session, as investor sold-off riskier assets amid fear country's headline inflation may quicken further in November, thereby deterring the Reserve Bank of India from cutting interest rates in the monetary policy next week. FMCG shares were the top Sensex losers. Sensex provisionally closed at 19,208.92 down 146 points or 0.76%, while Nifty provisionally closed at 5,848.95 down 39 points or 0.66%.

Thu, Dec 13, 2012 at 14:30 PM
Markets turns negative.
Markets which were trading almost flat till noon session has suddenly turned to negative. Sensex is down by 107.39 points or 0.55% at 19,247.87, while Nifty down by 36.80 or 0.63% at 5,851.20.

Thu, Dec 13, 2012 at 14:00PM
Markets trading flat in noon trades.
Markets trading flat to negative, shedding morning gaings on infaltion worries. Sensex is down by 12.61 points or 0.075 at 19,342.65, while Nifty is down by 1.10 points or 0.02% at 5886.90.

Information Technology, Power, Metal and Healthcare stocks are trading mixed. Oil, Bank, Realty and Automobile stocks are attracting buyers. Buying remains quite selective in mid-cap and small-cap segments.


Thu, Dec 13, 2012 at 13:30PM
Markets languish, trading flat.
Markets have erased gains and is trading flat to negative zone, with weakness noticeable in the FMCG space. Sensex is down by 8.78 points or 0.05% at 19,346.48, while Nifty is down by 1.30 points or 0.02% at 5,886.70

BSE FMCG index has slipped 2.5% to 5,974. Consumer durable and capital goods stocks are also mostly in red. On the other hand, Auto index has held on to gains and is up 1.7% at 11,186. Bankex and Realty are up over half a per cent each.

Tata Motors has jumped 5% to Rs 289, while Bajaj Auto and Hero Motocorp are also in the green. Bank stocks rose as the government will move the Banking Laws (Amendment) Bill for consideration and passing in Lok Sabha today. ICICI Bank and SBI are up 1% each in trades.

Telecom stocks rose across the board after Prime Minister Dr. Manmohan Singh said that he believes that the period of difficulties for the Indian telecom sector is coming to an end. Bharti Airtel is up 0.5% at Rs 314. Reliance Communications and Idea Cellular are also up around half a per cent each.

Hindustan Unilever has dropped 1.2%, with the stock extending Wednesday's 2.65% losses triggered by concerns the company will face higher royalty payments to Unilever PLC. Investors were concerned after Unilever's Indonesian subsidiary, Unilever Indonesia, agreed to pay a higher royalty fee to Unilever. ITC is the top loser - down 4.2% at Rs 293.

Overall market breadth is marginally positive. Out of 2799 stocks traded, 1347 stocks have advanced while 1314 stocks have declined.

Thu, Dec 13, 2012 at 11:30AM
Markets trading flat to negative.
Markets after a fairly positive start, has retreated with investors treading cautiously amid a lack of triggers. Buying is mostly stock specific and volume of business is somewhat thin at present. Sensex is down 24.36 points or 0.13% at 19,341.84, while Nifty is down by 3.80 points or 0.06% at 5884.20.

Automobile, Bank, Realty and Healthcare stocks are among the notable gainers. FMCG stocks are trading weak. Consumer Durables, Capital Goods, Metal and Information Technology stocks are mostly trading flat.

Tata Motors is trading stronger by 4.2% thanks to sustained buying at the counter following the company's UK subsidiary Jaguar Land Rover reporting a record 29,893 vehicles in the month of November. Bajaj Auto is up 1.5% and Hero Motocorp is trading 0.7% up, while Maruti Suzuki and Mahindra & Mahindra have declined marginally after trading higher earlier this morning. Siemens, Punjab National Bank, ICICI Bank, HCL Technologies, GAIL India, Bank of Baroda, Lupin, State Bank of India, Jindal Steel & Power, Axis Bank, Wipro and Jaiprakash Associates are trading higher by 1% - 2%. Reliance Industries, DLF, IDFC, ACC, Power Grid Corporation, Ambuja Cements, HDFC and Bharti Airtel are up with modest gains.

FMCG heavyweights ITC and Hindustan Unilever are trading lower by 3.7% and 1.8%, respectively. Sesa Goa, Hindalco, Larsen & Toubro, Sun Pharmaceutical Industries, NTPC, Dr Reddy's Laboratories, ONGC and Tata Steel are down 0.5% - 0.8%. Ashok Leyland, Glenmark Pharmaceuticals, IndusInd Bank, Zee Entertainment Enterprises, Union Bank of India, United Phosphorus, Biocon, GMR Infrastructure, Bajaj Holding, Reliance Capital and Power Finance Corporation are up 1% - 3.3%. United Spirits, Divi's Laboratories, Titan Industries, Oracle Financial Services, Dabur India, Adani Ports, Reliance Power and Exide Industries are down with sharp to moderate losses.

Thu, Dec 13, 2012 at 11:30AM
Markets trading flat.
Markets trading flat as investors turned cautions ahead of key inflation data on friday, which is going to decide RBI's monetary policy. Mean while Sensex is down by 13.42 points or 0.07% at 19,341.84 and Nifty is up by 4.90 points or 0.08% at 5,892.90.

Hindustan Unilever and ITC declined 2% and 4% respectively, Sun Pharma and Cipla fell 0.2% each. Hindustan Unilever (HUL) fell 2%, extending its previous day’s 2.6% fall on reports that Unilever’s Indonesian subsidiary has agreed to pay a higher royalty payment to Unilever Plc.

Among the gainers, Tata Motors, Hero MotoCorp gained 4.5% and 1% each, Reliance Industries was up 1% while Wipro rose 1%. In banking space, ICICI Bank gained 2% and State Bank of India rose 1%. Tata Motors surged by 4% on reports that the company's UK subsidiary Jaguar Land Rover (JLR) reported a record 29,893 vehicles in the month of November.

Thu, Dec 13, 2012 at 11:00AM
Markets pares gains.
Markets pared early morning gains and tradings flat on back of selling pressure witnessed in country's biggest FMCG company, Hindustan Unilever on concerns over higher royalty payments to the parent firm. However hopes of new stimulus steps from US Federal Reserve coupled with Indian government efforts to pass key banking bill prevented a steep decline in stocks. Sensex is up by 14.30 points or 0.07% at 19,369.56, while Nifty is up by 7 points or 0.12% at 5895.00.

Among Stocks, Hindustan Unilever and ITC declined 2%, Sun Pharma and Cipla fell 0.2-0.4%, while among the gainers, Tata Motors, Hero MotoCorp gained 3% and 1% each while Wipro rose 1%. In banking space, ICICI and State Bank of India rose nearly 1% each. Among other notable movers, NMDC is trading higher by 3% at Rs 159 after the government's offer Wednesday to sell a 10% stake in iron-ore miner has received strong response.

L&T Finance Holdings touched new high gaining 1%, while Reliance Capital gains 1.4% on hopes of clearance to the banking bill which would set the groundwork for companies to eventually gain banking licenses.
The BSE mid-cap and small-cap indices rose by nearly 0.4%.
Overall market breadth is strong as 1,083 stocks have advanced while 626 stocks declined on the BSE.

Thu, Dec 13, 2012 at 09:30AM
Markets open positive.
Markets edged higher in opening trades this morning, on fairly positive cues from Asian markets. Sensex is up 28 points or 0.14% at 19,383.26, while Nifty is up 9.25 points or 0.16% at 5897.25.

Automobile, Healthcare, Metal and Oil & Gas stocks have edged higher, while FMCG, Capital Goods, Consumer Durables and Bank stocks are subdued.

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