08 January, 2013

Market Pulse - Jan 08, 2013


FII's, DII's data
Foreign institutional investors (FIIs) were net buyers of Rs 887.38 crore today. FIIs made gross purchases of Rs 3,177.07 crore, gross sales totalled Rs 2,289.69 crore.

Domestic Institutional Investors (DII's) were net sellers of Rs 1,028.12 crore (provisional) today. DII's made gross purchases of Rs 735.40 crore, gross sales totalled Rs 1,763.52 crore.

Tue, Jan 08, 2013 at 16:00 PM
Markets closed on positive note
Markets ended higher after a late recovery led by realty, FMCG, healthcare and power stocks. The Sensex, after touching a low of 19,633 on global pressure, rebounded to end at 19843 - up 51 points. Nifty ended up 13 points at 6,002.

Sectoral wise, Consumer Durables index shed 2% to 7,687. Metal, capital goods, IT and Oil & gas also declined around 0.5-1% each. Pharma stocks rose on renewed buying with the Healthcare index jumping 0.7% at 8,300. Realty index led gains - up 1.2% at 2,202.

ITC added 2%, HDFC added 2% followed by Bhel and Bharti Airtel. Pharma stocks shone with Cipla, Sun Pharma and Dr Reddy's gaining 1-1.3% each. DLF gained 0.7%, The Competition Commission of India (CCI) on 3 January 2013 said it has passed a supplementary order modifying the Apartment Buyers Agreement entered into between realty major DLF and the apartment allottees.

On the other hand, Infosys slipped 1.4%, Incidentally the company will anounce its quarterly numbers on Friday. Tata Steel, Hindalco, Sterlite and Jindal Steel shed 1-1.5% each. Wipro, L&T and Reliance from the heavyweights, slipped in trades as well. United Spirits declined as the mandatory open offer by Diageo plc to acquire up to 3.77 crore equity shares of United Spirits constituting 26% the enlarged share capital of USL at Rs 1,440 per share has been delayed. TTK Prestige gained 2% after company said after trading hours on Monday it has received Japanese patent for its microwave pressure cooker.

Tata Power ended up 0.6% , company announced synchronisation of its 800 megawatts (MW) sized Unit 4 of the Ultra Mega Power Project (UMPP) in Mundra, Gujarat. With the synchronisation of Unit 4, the thermal power generation capacity of Tata Power stands at 6,847 MW and the generation through clean sources such as hydro, wind and solar stands at 852 MW.

Overall market breadth was neutral. Out of 3,071 stocks traded, 1,478 stocks have declined while 1,451 stocks have advanced.

Tue, Jan 08, 2013 at 14:00 PM
Markets continue lackluster trades.
Markets continue to trade lackluster. Sensex down by 0.16%, while Nifty down by 0.27%.

Larsen & Toubro shares down by 1.5%, amid Citigroup and Barclays downgrading the engineering conglomerate on concerns over order cancellations and weak investment cycle.

Infosys down by 1.9% on caution ahead of earnings.

Cipla gaining by 1.4%, while Dr Reddy's Laboratories up by 1%.

Tue, Jan 08, 2013 at 13:00 PM
Markets continue to trade negative.
Markets continue to remain volatile in a narrow range ahead of Oct-Dec earnings starting this week, amid profit booking by the investors. Sensex is down by 28 points at 19,663, while Nifty is down by 15 points at 5,973.

Sector wise, Consumer Durable and Metal indices have plummeted by almost 2%, following counters like Capital Goods, Realty, IT, PSU, Oil & Gas and TECk, all declining by 1% each. However, FMCG and Healthcare indices have surged by nearly 1% each. Mid-cap index is down by 0.44%, whereas Small-cap index is down by 0.56%.

Gainers stock at this hour are, ITC is up by 2%, Cipla, Sun Pharma and Dr. Reddy's gaining up by 1%.

Looser stocks are, Sterlite, Infosys, Tata Steel, Hindalco, JSPL, Wipro, L&T, Hero Moto and GAIL. United Spirits and United Breweries (UB) Holdings dipping by 2% each.

Overall market breadth remains negative with 1,503 shares declining against 1,103 shares gaining.

Tue, Jan 08, 2013 at 12:00 PM
Markets lackluster trades.
Markets after opening flat is trading marginally low, amid profit booking. Sensex is down by 28.12 points or 0.14% at 19,663.30, around 25 points off the day's low of 19,638.54, while Nifty is down by 14.50 points or 0.24% at 5973.90.

Gainers stock at this hour are, Sun Pharmaceutical Industries, Dr Reddy's Laboratories, Cipla and Lupin are trading in positive territory, gaining 0.9% - 1.8%.

Looser stock at this hour are, ITC is up 1.3%, HCL Technologies is trading nearly a percent up, and Reliance Infrastructure, Tata Consultancy Services, Bajaj Auto, Power Grid Corporation, HDFC, State Bank of India and ACC are up 0.5% - 0.8%.

Tue, Jan 08, 2013 at 11:30 AM
Markets lackluster trades.
Markets traded lower in late morning trades, amid profit booking in OMC's after recent rally. Sensex down by 21 points at 19,670.56, while Nifty down by 12 points at 5,976.15.

Sector wise, except Healthcare, FMCG and Auto, sectors like Consumer Durables, Metals, Capital Goods, PSU, Real-Estate are in negative zone. Mid-caps and Small-caps also shedding nearly by 0.3-0.4%.

Gainer stock includes, Cipla, Sun Pharma and Dr. Reddy's up by 1-1.5%, Bajaj Auto, Mahindra & Mahindra, Tata Motors up by 0.3-0.6%.

The other key notable movers include, telecom companies that gained today after the Empowered Group of Ministers (EGoM) on telecom on Monday decided to slash the reserve price for CDMA spectrum by 30%-50%.

Looser stock includes, Sterlite, Jindal Steel, Hindalco and Tata Steel down by 1.5%, Larsen & Toubro, BHEL dropping by 2%, Infosys, Wipro down by 1%, Reliance Industries down by 0.4% and ICICI Bank down by 0.4%. HPCL, BPCL dropping by 1-2%, while Indian Oil down by 0.4%.

Overall market breadth turned negative, with 1291 stock declining against 1091 stocks advancing from 2,512 stocks.

Tue, Jan 08, 2013 at 10:30 AM
Markets in negative zone.
Markets after opening almost flat, is trading down in the morning deals. Sensex down by 46 points at 19,645, while Nifty down by 18 points at 5,970.

Sectoral wise, Mid-cap index slipped down by 0.2%, while Small-cap index was down by 0.1%. Capital Goods, Consumer Durables and Metal continued to languish, down by 1% each, whereas Health Care and Auto, FMCG index advanced into positive zone.

Telecom shares are trading higher in the range of 1-2%, after Empowered Group of Minister on telecom on to slash the reserve price for CDMA spectrum by 30%-50%. Idea Cellular is trading higher by 2.5%, Tata Teleservices rallied almost 5%, followed by Reliance Communications up 2.6% and Bharti Airtel up 1%.

Bank of Maharashtra is trading higher by 3%, after the public sector bank announced fund raising plans up to Rs 200 crore through issue of equity shares.

Marico is trading higher by over 3%, after the board of directors of personal products maker has approved a proposal to restructure company’s businesses and corporate entities with effect from April 1, 2013 to unlock value.

Tue, Jan 08, 2013 at 09:30 AM
Markets open flat.
Markets opened flat, amid weak global cues. Sensex, which rose to 19,710.74, is currently down by 36.18 points or 0.18% at 19,655.22, while Nifty is down by 12 points or 0.2% at 5976.40.

Sectoral wise, Mid-cap index opened flat with a negative bias, while the Small-cap index was mildly in the green, up by 0.06%. Capital Goods, Metal, Consumer Durables, Power, Oil & Gas, IT and Bankex indices are down by 0.2-0.7%, while Healthcare and Auto indices are the only in positive zone up by 0.2-0.5%.

Among top gainers are, Sun Pharma, Cipla and Dr Reddys Lab up by 1%, Tata Motors, HDFC, TCS, Mahindra & Mahindra, ITC, HDFC Bank and Maruti Suzuki up by 0.1-0.7% respectively.

Among loosers are, ONGC, Tata Steel, Hindalco, Hindustan Unilever and L&T down by 1%, Sterlite, GAIL, BHEL, Infosys, ICICI Bank, Jindal Steel, Bharti Airtel and Wipro down by 0.5-0.8% respectively.

The overall market breadth is positive, with 718 stocks advancing, while 491 stocks declining.

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