December 22, 2012

Market Pulse - Dec 21, 2012

Fri, Dec 21, 2012 at 16:00 PM
Markets end lower.
Markets extended losses to end over 1% lower, amid weak global cues, dragged by index heavyweights Reliance Industries Ltd and banking shares. Sensex which touched an intra-day low of 19,221 ended down 212 points at 19,242, while Nifty which touched an intra-day low of 5,842 ended lower by 69 points at 5,848.

Sectoral wise, Realty index was down by almost 4% followed by Metal, Healthcare, Capital Goods, Power and Oil & Gas, all down by nearly 2% each. The broader markets underperformed the benchmark indices. Mid-cap and Small-cap indices plunged by almost 1.5% each.

Among metal shares, JSPL was the top Sensex loser, down nearly 4%. Sterlite and Hindalco slipped between 2-3%. From the Realty space, Prestige Estates, DLF, HDIL and Prestige Estates fell between 2-5%. Index heavyweight Reliance Inds plunged nearly 2%. ONGC has slipped over 1%. Banks which are a proxy to the economy also faced the brunt of selling pressure. SBI, ICICI Bnak and HDFC Bank fell between 1-2%. Auto shares like Tata Motors, M&M, Maruti Suzuki and Bajaj Auto declined between 1-2%. Other prominent losers included Sun Pharma, DRL, BHEL, L&T, Tata Power, Cipla and CIL.

Bharti Airtel declined by over 3%, amid reports of Central Bureau of Investigation (CBI) filed charges against Bharti Airtel Ltd and Vodafone Group Plc's India unit today as part of a probe into alleged corruption in allocation of mobile phone airwaves a decade ago, a lawyer said.

Overall breadth in market ended dismal as 1,937 stocks are declining while 979 are advancing.

Fri, Dec 21, 2012 at 09:30 AM
Markets open lower.
Markets drifted lower in early trades this morning, tracking weak cues from Asian markets. Sensex, which tumbled to around 19,318, is now down 106 points or 0.55% at 19,348, while Nifty is down 37 points or 0.6% at 5879.40.

Oil, realty, metal, FMCG and power stocks are among the notable losers, along with Bank, capital goods and automobile stocks too have opened on a weak note. Only select IT and pharma stocks have edged higher.

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