January 14, 2013

Market Pulse - Jan 14, 2013

Mon, Jan 14, 2013 at 16:30 PM
Markets closed positive.
Markets after a positive start, traded on a firm note through the day and ended near the day's high. Sensex gained by 243 points to 19,906, while Nifty was up by 72 points at 6024.

The headline inflation slowed down to its lowest level in three years, hardening expectations for an interest rate cut by the RBI later this month to boost an economy that is set to post its slowest growth in a decade. The annual wholesale price inflation (WPI) eased to 7.18% in December, government data showed on Monday. It was below analysts' expectations of 7.40% and down from 7.24% annual rise in November.

Rate sensitive sectors were among the top gainers on hopes that easing inflation would help the central bank to cut rates at its policy meet during the end of the month. Realty index surged by 5% , IT index went up by 2.5%, however, Auto index shedding 0.5%.

TCS was up over by 2% ahead of its Q3 earnings to be release after market hours today. Infosys extended gains was up over by 3.4%, also raising its full year guidance. Jindal Steel, Tata Steel and Hindalco surging by 1-3% each, ONGC was up by 4.2% in spite of CLSA downgrading the company. Among other gainers were ICICI Bank and larsen & Toubro. FMCG majors - ITC and HUL adding around 1.5% each.

On the other hand, Maruti Suzuki slipped by 1.7%, Cipla, Bajaj Auto and Coal India shedding around by 1% each. Tata Motors slipping by 0.6%.

Overall market breadth was fairly positive, of 3,007 stocks traded, 1,368 shares advanced while 846 shares declined.

Mon, Jan 14, 2013 at 15:30 PM
Markets closed positive.
Markets after a positive start, has closed positive, amid drop in inflation and reports about postponement of GAAR implementation lifted sentiment and drove stock prices up. Sensex has ended (provisional) at 19,948 - up by 283 points, while Nifty has ended up by 73 points at 6,024.

IT stocks traded firm right through the session. Realty stocks were a bit subdued early on, but gained in strength as the session progressed. Oil, PSU, metal, capital goods and consumer durables stocks too mostly ended higher. Stocks from FMCG, power and banking sectors too closed on a firm note. Pharma and automobile stocks were a bit subdued.

There were strong gains for some midcap and smallcap stocks.

Overall market breadth was fairly strong.

Mon, Jan 14, 2013 at 14:00 PM
Markets trading firm.
Markets after opening positive build gains throughout the session. Sensex is now up with a gain of 162.36 points or 0.84%, while Nifty is up by 48.65 points or 0.8% at 5999.95.

Infosys, up 3% at Rs 2793, is the top gainer in the Sensex. Tata Consultancy Services, ONGC and Jindal Steel & Power are trading higher by around 2.5%. ICICI Bank, ITC, Larsen & Toubro, Tata Steel, Bharti Airtel and NTPC are up 1% - 1.8%. Dr Reddy's Laboratories, Hindalco, HDFC, GAIL India, BHEL, State Bank of India and Hero Motocorp are also trading firm.

Mon, Jan 14, 2013 at 11:30 AM
Markets trading firm.
Markets which spurted to 19,853.91, is currently up by 144.40 points or 0.72% at 19,808.04, while Nifty is up by 40.40 points or 0.68% at 5991.70, slightly off the day's high of 6002.45.

Infosys, extending previous session's hefty gains, is trading stronger by 3.2%. Tata Consultancy Services is up with a gain of nearly 2% and HCL Technologies is up nearly a percent.

ONGC, DLF, ICICI Bank, Axis Bank, Punjab National Bank, Bharti Airtel, NTPC, ITC, Siemens, Dr Reddy's Laboratories, Jaiprakash Associates and GAIL India are up by 0.5% - 2.6% now.

Mon, Jan 14, 2013 at 10:00 AM
Markets trading firm.
Markets trading firm in early trades as investors maintained buying interest in IT sectors, amid hopes of robust earnings from TCS later today, after Infosys upbeat third quarter performance. Sensex gained by 84.14 points at 19,748.09, while Nifty gained by 7.95 points at 5,9969.20.

Sector wise, Autos, Metal, Real-Estate, Power, Banks declined, while IT, Consumer Durables, Oil & Gas, FMCG indexes gained. Mid-caps and Small-caps falling by 0.1% each.

Major performing stocks at this hour are, Maruti Suzuki down by 1.6%, Mahindra & Mahindra and Hero MotoCorp dropped by 1.3% and 0.1%, SBI felling by 0.6%, Sterlite Industries and Tata Steel down by 1% and 0.4%, while Sun Pharma and Cipla down by 0.6% and 1%. Infosys gaining by 4%, Wipro and TCS up by 0.4% and 1%, ONGC up by 1%, ICICI Bank up by 0.4%, Reliance Industries up by 0.3%.

The other key notable movers include Geojit BNP Paribas Financial Services surging over by 5%, after reporting over two-fold increase in the net profit at Rs 13 crore for the third quarter ended December 2012 (Q3) as against Rs 4.3 crore during the same quarter of the previous year.

The overall market breadth was positive, of 1,775 stocks traded, 869 stocks advanced compared to 831 declines.

Mon, Jan 14, 2013 at 09:30 AM
Markets opens firm.
Markets opened higher, amid buying in IT sectors after better-than-expected results by Infosys. Sensex gained 25.45 points and opened at 19,689.09, while Nifty gained 15.90 points at 5,967.20 in opening trades.

Sectoral wise, barring Banks, IT, Consumer Durables indexes, all sectoral indices gained. Mid-caps and Small-caps rising by 0.1% each.

Among major stocks, Hero MotoCorp down by 0.7%, SBI down by 0.4%, ONGC down by 0.6%, while Sun Pharma and Cipla felling 0.4% each. Infosys gained by 2%, Wipro and TCS rising by 1%, while Sterlite Industries and Tata Steel up by 0.4%.

Overall market breadth was positive, of 749 stocks traded, 447 stocks advanced compared to 265 declines.

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