07 December, 2012

Market Pulse - Dec 7, 2012


Fri, Dec 7, 2012 at 18:45PM
Markets ends lower.
Markets have ended marginally lower after consolidating for most part of the trading session amid profit taking at higher levels after recent gains. Meanwhile, the Rajya Sabha has voted in favour of the government for foreign direct investment in multi-brand retail. Sensex ended down by 62.70 points or 0.32% at 19,424.10, while Nifty ended down by 23.60 points or 0.40% at 5,907.40. Snapping a three-day rise, the the market fell on emergence of profit-booking activity amid the government winning FDI in multi-brand retail vote in the Rajya Sabha.

Market failed to hold on to gains as investors booked profits in stocks that have run up, while the IT sector continued to be under pressure on growth worries. The government today won the approval of Parliament to its controversial decision of allowing FDI in multi-brand retail with a motion against it being defeated convincingly in Rajya Sabha, as BSP voted in favour of UPA. Market analysts said the down trend was further influenced by weak cues from European markets as investors adopted a cautious stance ahead of US non-farm payrolls data release later in the day.
Across sectoral indices, the Realty sector index suffered the most by losing 1.68 per cent, followed by IT index (down 0.98 per cent), Metal index (0.77 per cent) and Banking index (0.52 per cent). However, the falling trend was cushioned to some extent by the firming trend in Auto sector as shares of Maruti Suzuki climbed 1.94 per cent to Rs 1,510.05, after touching one-year high.


Fri, Dec 7, 2012 at 15:30PM
Markets ends in negative.
Markets have ended marginally lower after consolidating for most part of the trading session amid profit taking at higher levels after recent gains. Meanwhile, the Rajya Sabha has voted in favour of the government for foreign direct investment in multi-brand retail. Sensex ended down by 94.10 points or 0.48% at 19,392.70, while Nifty ended down by 34.80 points or 0.59% at 5,896.20.

Fri, Dec 7, 2012 at 14:00PM
Markets extend fall.
Markets after trading almost flat from morning session, has slipped down  which was trading flat till now has turned negative. Sensex is down by 72.19 points or 0.37% at 19,414.61, while Nifty is down by 26.55 points or 0.45% at 5,904.45.
However, there was some buying interest in the broader markets with the small-cap index up 0.4% and the mid-cap index gained 0.3%. Among the sectoral indices, Auto, Consumer Durables and Capital Goods which added between 0.5-0.9% were the only indices in the green. Meanwhile, IT, Realty, Metal , Bankex, Oil & Gas and FMCG were in the red, down 0.1-0.7%.
Among top gainger were the auto names like Maruti Suzuki, Tata Motors and Mahindra & Mahindra up 1-2%. Other notable gainers were BHEL, Coal India, Bharti Airtel, Tata Power, SBI, L&T and Hindalco which added 0.5-1%. Among the draggers were Sterlite, ONGC, Tata Steel, TCS, Hindustan Unilever, Bajaj Auto, NTPC and HDFC Bank down 0.7-1%. Among other stocks, Gitanjali Gems has soared almost 10% at Rs 524, also its record high on the BSE, on the back of heavy volumes.
The market breadth was positive on the BSE. 1442 stocks advanced while 1265 stocks declined.


Fri, Dec 7, 2012 at 12:15PM
Markets turns negative.
Markets which was trading flat till now has turned negative. Sensex is down by 55.86 points or 0.29% at 19,430.94, while Nifty is down by 15.10 points or 0.26% at 5,915.90.

Fri, Dec 7, 2012 at 11:45AM
Markets trading flat.
Markets continue to trade flat note ahead of the ahead of key FDI vote in Rajya Sabha later today that will decide the fate of  economic reforms in Asia's third-biggest economy. Sensex is up 35.70 points or 0.18% at 19,522.50, while Nifty is up by 6.45 points or 0.10% at 5,937.45.
Sectoral wise Auto index is the top gainer led by gains in heavyweights such as Maruti Suzuki and Tata Motors. Consumer Durables, Capital Goods, PSU, Realty, Power, Oil & Gas and Bankex indices are also up 0.3-1.3% each. While, IT, FMCG, Metal and Healthcare indices are among the losers.
Maruti Suzuki is the top gainer stocks, up 3.2% at Rs 1,529.00, on reports that the company will increase the prices of its vehicles across all models from January due to increasing pressure on its margins due to currency fluctuation. Tata Motors, Coal India, BHEL, Mahindra & Mahindra, Larsen & Toubro, Bharti Airtel, State Bank of India, Tata Power, Reliance Industries and ICICI Bank are also trading higher by 0.3-2.5% each. On the other hand, Sterlite Industries is the top loser stock, has slipped 1% to Rs 114. TCS, Dr Reddy's Labs, Infosys, HDFC, GAIL India, HUL, NTPC, Tata Steel, HDFC Bank, ITC and Hindalco are also among the losers.

Fri, Dec 7, 2012 at 11:00AM
Markets oscillate on FDI vote.
Markets oscillated after flat opening on caution ahead of key FDI vote in Rajya Sabha later today that will decide the fate of  economic reforms in Asia's third-biggest economy. Sensex is up 35.70 points or 0.18% at 19,522.50, while Nifty index up by 6.45 points or 0.11% at 5,932.80.
Among sectors Auto, Capital Goods, Power Indexes rose while technology, fast moving Consumer Goods sector led declines. Hindustan Unilever, Sterlite Industries, Infosys fell nearly 1% while Maruti Suzuki, Tata Motors, Mahindra & Mahindra gained 1-3% in auto space, State Bank of India rose 0.4% and Reliance Industries gained 0.3%. Other notable movers, Heaxware Technologies is trading lower by 3% at Rs 104, extending its previous day’s 3% fall, after the company revised its revenue guidance downwards for the current quarter and for the year ending December 31, 2012.
Mid-cap and Small-cap indices rose by nearly 0.5%. Overall breadth is strong as 1,225 stocks have declined while 760 stocks advanced on the BSE.

Fri, Dec 7, 2012 at 10:15AM
Markets trading flat.
Markets which open flat rose to rose to 19,561.87, is currently up 26.10 or 0.13% at 19512.90, while Nifty is up by 1.80 points or 0.03% at 5932.80, off an early high of 5949.85.
Shares of PSU power equipment maker BHEL are up 2.3% at Rs 246.60. Tata Motors is trading 2.2% up and Maruti Suzuki is up with a gain of 1.8%, while Tata Power, Mahindra & Mahindra and Bharti Airtel are up 1.2% - 1.5%.State Bank of India, Tata Steel, Coal India, Reliance Industries, Larsen & Toubro, Bajaj Auto, ICICI Bank and Hindalco are also up in positive territory. 

Fri, Dec 7, 2012 at 09:30AM
Markets open flat.
Markets opened flat as investors remained cautious ahead of the key FDI vote in Rajya Sabha later today that will decide the fate of  economic reforms in Asia's third-biggest economy. Sensex index opened up 28 points to 19,514 while the Nifty index gained 3 points to open at 5,934.

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