15 January, 2013

Market Pulse - Jan 15, 2013


Tue, Jan 15, 2013 at 16:30 PM
Markets ends positive.
Markets ended firm, amid buying interest by the investors, with Sensex breaching the psychological 20,000 mark intra-day and the markets extended gains to end at new two-year closing highs on the back of better-than-expected third quarter earnings. Sensex surged to a high of 20,037, finally ended up by 80 points at 19,987, while Nifty ending up by 33 points at 6,057.

Sectoral wise, Real-Estate index surged by 1% on hopes of easing inflation would help rate cut by RBI later this month. FMCG, Bankex, Consumer Durables and Oil & Gas indices were up by 0.5-0.7% each. Mid-cap index up by 0.3%, while Small-cap index down marginally. On the other hand, Metal index was weak.

Among major gainer stocks, Bharti Airtel was up by 5%, Idea up by 8.3%, Reliance Comm up by 2.7%, ITC up by 2%, Bajaj Auto up by 1%, Axis Bank up by 2.6%, ICICI Bank, Tata Power and Hindalco Industries were also gainers for the day.

Among major loser were, Sterlite Industries down by 1.3%, Reliance Industries down by 0.1%, Jindal Steel, Coal India, Dr Reddy's and Sun Pharma were also down.

Private lender Axis Bank today reported a 22% increase in net profit at Rs 1,347 crore for the third quarter ended December 2012. It was Rs 1,102 crore in the same period a year ago. The total income rose 19% to Rs 8,580 crore as against Rs 7,207 crore in December 2011. Axis Bank spurted by 2.6%.

HCL Infosystems surged 5% after its board of directors approved the business restructuring.

Overall market breadth was marginally negative, of 3,031 stocks traded, 1,127 shares declined compared to 1,093 shares advanced in trades.

Tue, Jan 15, 2013 at 15:30 PM
Markets ends positive.
Markets have ended up, after almost flat noon session. Sensex breaching twice 20K mark but could not hold on to it. Finally Sensex has ended (provisional) at 19,991 up by 84 points, while Nifty has ended up by 33 points at 6,057.

Tue, Jan 15, 2013 at 14:30 PM
Markets regains.
Markets surged once again, amid buying in Real-Estate and Banking shares. Sensex crossed the 20K mark to a high of 20,014 is now up by 95 points ay 20,002, while Nifty also regaining is up by 31 points at 6,055.

Sector wise, Real-Estate index surged to 1.30% an easing inflation hopes would help the central bank to cut rates at its policy meet during the end of the month. FMCG, Bankex, Consumer Durables and Auto indices up by 0.5-1% each. On the other hand, Metal index is weak, due to global pressure, is marginally down by.

Among major gainer stocks are, Bharti Airtel up by 5.5%, TCS up by 1.7%, ITC up by 2.3%, Bajaj Auto up by 1.3%, ICICI Bank, Tata Power and Hindalco also advanced.

Major loser stocks are, Sterlite down by 1.3%, Jindal Steel, Coal India, Dr Reddy's and Sun Pharma are also down.

Tue, Jan 15, 2013 at 13:00 PM
Markets trading flat.
Markets continue to trade flat in noon session as the gains in TCS, ITC and Bharti Airtel were wiped out by the weakness in index heavyweights. Sensex was up by 5 points at 19,912, while Nifty up by 4 points hovering around the 6,028. Earlier, Sensex touched a high of 20,007 in the opening trades for the first time since January 2011.

Sector wise, Banks, Metal, Oil & Gas, Power and PSU are weak traing in negative zone, while Real-Estate and Auto indices gaining by 0.8% and 0.5% respectively on rate cut hopes. FMCG, Capital Goods and IT indices were the other gainers, adding 0.2-0.4%. Mid-cap and the Small-cap indices paring early gain,are merely up by 0.1% each.

Among major gainer are, TCS up by nearly 2%, Bharti Airtel, ITC, Maruti Suzuki, Bajaj Auto, Gail India, Cipla and Tata Motors up between 1-1.6%.

Among major losers are, Sterlite, Hero MotoCorp, Jindal Steel, Coal India, Hindustan Unilever, Sun Pharma and SBI down 0.8-1.5%.

Overall market breadth is negative, of 2757 stocks traded, 1366 stocks declined compared to 1391 advanced.

Tue, Jan 15, 2013 at 11:00 AM
Markets consolidate gains.
Markets consolidated gains in late morning session on cautious ahead of key earnings announcement this week, however, hopes of rate cut by the Reserve Bank of India. Sensex gained by 23 points at 19,929.09, while Nifty gained by 10 points at 6,034.20.

Sectoral wise, Autos, IT, Capital Goods, Banks gaining, while Metals, FMCG, Oil & Gas index dropped. Mid-caps and Small-caps indices rising by 0.4-0.5% respectively.

Among major stock gainers are, Wipro and TCS rising by 0.1% and 2%, Bharti Airtel up by 1.3%, Tata Motors, Bajaj Auto and Maruti Suzuki up by 1-1.3%, BHEL and Larsen & Toubro rising by 0.5-1%, while Tata Steel and Hindalco Industries up by 0.3%.

Among major stocks loser are, SBI and ICICI Bank down by 0.1%, Sterlite Industries and Jindal Steel down by 1% and 0.4%, Hindustan Unilever down by 1.4%, Infosys down by 0.6%, while Sun Pharma and Dr Reddy's down by 0.6%.

The other notable movers are, HCL Infosystems moving higher by 5%, on announcement of approval of business restructuring by it's board. Shalimar Paints spurted by 17%, after reporting 24% year-on-year (yoy) jump in net profit at Rs 4.69 crore in December 2012 (Q3) quarter against Rs 3.77 crore in previous year quarter. The paint maker had a profit of Rs 2.78 crore in September 2012 quarter. SpiceJet surging by 7% on back of heavy volumes on reports of Qatar Airways may buy stake in the low-cost carrier (LCC).

Overall market breadth is positive, of 2,294 stocks traded, 1,271 stocks advanced compared to 913 declines.

Tue, Jan 15, 2013 at 10:30 AM
Markets pare gains.
Markets have pared early gains, amid weakness in FMCG, Banks and Metal sectors weighed on the benchmark indices. Sensex is merely up by 8 points at 19,914, while the Nifty is up by five points at 6,029.

Sectoral wise, Mid-cap index advancing by 0.4% and Small-cap index gaining by 0.3%, both outperforming the Sensex. Among other sectoral indices, Metal and Banks along with FMCG are down. Real-Estate, Auto and Capital Goods indices are up by 0.5-1% in this session.

Among major gainers stocks are, TCS, Bharti Airtel, Tata Motors, Bajaj Auto and L&T up by 0.8-2%, while the losers are, Sterlite, Hindustan Unilever, Jindal Steel and Hero MotoCorp down 1% each.

Shalimar Paints soared 17%, after reporting 24% year-on-year (yoy) jump in net profit at Rs 4.69 crore in December 2012 (Q3) quarter against Rs 3.77 crore in previous year quarter. The paint maker had a profit of Rs 2.78 crore in September 2012 quarter.

Tue, Jan 15, 2013 at 09:30 AM
Markets opened positive.
Markets opened optimistic as stock edging higher in early trades. Sensex breaching 20K mark is up by 26.03 points or 0.13%, more than 70 points off an early high of 20,007.09, while Nifty which rose to 6044.60, is now up 5.85 points or 0.1% at 6029.90.

IT, realty and automobile stocks have edged up. A few stocks from the banking sector too have edged up, while FMCG, Oil & Gas, Pharma and Power stocks are mostly flat.

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