16 January, 2013

Market Pulse - Jan 16, 2013


Wed, Jan 16, 2013 at 16:30 PM
Markets closed down.
Markets after opening flat traded almost weak for whole day before plunging down as investors booked profits in rate sensitive stocks, amid rate cut hopes faded as inflation remained above RBI’s comfort zone. Sensex closed down by 169 points or 0.85% at 19,818, while Nifty down by 55 points or 0.90% at 6,002.

Sector wise, barring Oil & Gas sector, Auto, Metal, Bank, Real-Estate, Capital Goods, PSU and Power indices closed down by 1% each. Small-cap and Mid-cap indices slipped by 1.3% each.

Major stock gainers for the day were, Reliance Industries up by 1.6%, Dr Reddys Lab, TCS up 1% each, NTPC and Gail India up by 0.2% each.

Major stock losers for the day were, Tata Motors down by over 3%, Bajaj Auto down by 2%, Mahindra & Mahindra, Maruti Suzuki and Hero MotoCorp down by 0.5-3%, Jindal Steel, Hindalco Industries and Tata Steel slipped between 2-4%, BHEL, Tata Power, Sun Pharma, ONGC, L&T and Hindustan Unilever down between 1-2%.

Tata Motors slipped over 3% after the company’s announced its global sales in December 2012 which declined by 13.88% to 98,968 units against 114,920 units sold during the corresponding month in 2011. Bajaj Auto slipped by 2% after reporting almost 100 basis point (bps) drop in operating margin for the third quarter ended December 2012 as compared to the previous corresponding period.

Strides Arcolab gained nearly by 2%, extending its gain over 3% gains in past two-days, on reports of Pfizer Inc is among other companies in race to buy the company’s injectable-medicines unit Agila Specialties. Orient Refractories shot up 5.5% at Rs 38.75, after the Dutch firm Dutch US Holding B.V. made an open offer to acquire additional 26% stake in the company.

Overall market breadth was negative, of 2940 stocks traded, 1998 stocks declined while 942 stocks advanced.

Wed, Jan 16, 2013 at 15:30 PM
Markets closed down.
Markets closed negative for the day in the red with both the benchmark indices down nearly 1% each. Senesx was down by 191 points at 19,796, while Nifty down by 59 points to close at 5,997.

ICICI Bank Ltd (provisionally) felling by 2.2%, while State Bank of India ending 2.6% lower.

Wed, Jan 16, 2013 at 14:00 PM
Markets turned negative.
Markets to continue in negative trend as rate sensitives continue to weigh on the benchmark indices. Sensex is down by 76 points at 19,911, while Nifty is down by 28 points at 6,029.

Sectoral wise, Auto, Metal, Banks, Capital Goods, are down by 0.7-1% , Oil & Gas, Consumer Durables and Healthcare indices gained by 0.2-0.8%.. Mid-cap index slipped by 0.7% and the Small-cap index dropped by 0.6%.

Major loser stocks are, Tata Motors down by 3%, Bajaj Auto down by 3%, Mahindra & Mahindra and Maruti Suzuki down by 2.5% each, SBI, ICICI Bank, HDFC and HDFC Bank down by 0.4-1%, Jindal Steel, Hindalco Industries and Tata Steel slipping by 1-3%, BHEL, Tata Power, Sun Pharma, ONGC, Infosys and Hindustan Unilever down by 1% each.

Major gainers stocks are, Reliance Industries ahead of its Q3 numbers, Dr Reddys Lab, TCS and Sterlite up 1-2.6%. In other stocks, Strides Arcolab up by 3%, extending its over 3% gain in past two-days, on reports that Pfizer Inc is among other companies in race to buy the company’s injectable-medicines unit Agila Specialties. Essar Oil up by over 1%, after reporting a net profit of Rs 32 crore for the third quarter ended December 2012 against a loss of Rs 362 crore in year ago quarter, on back of improved margins. Orient Refractories spurted up by 5.5%, after the Dutch firm Dutch US Holding B.V. made an open offer to acquire additional 26% stake in the company.

Overall market breadth was negative, of 2,815 stocks traded 1821 stocks declined while 994 stocks advanced.

Wed, Jan 16, 2013 at 13:00 PM
Markets turned negative.
Markets after flat opening and trading almost flat have dipped to day's low, amid profit booking by investors and weak Asian markets. Sensex is down by 81 points at 19,906 near day's low of 19,901, while Nifty is down by 32 points at 6,025 near day's low of 6,024.

Sector wise, barring Oil & Gas index which is up by 1%, sectors like sectors like Auto, Banks, Metal, IT, Power and PSU are down by 1% each. Mid-cap index has plunged by 0.55% whereas Smallcap index is down by 0.35%.

Major gainers at this hour are, Reliance Industries up by 2%, Dr. Reddeys' Laboratories, Sterlite Industries, Bajaj Auto and Cipla Limited.

Major loser at this hour are, Tata Motors, Mahindra & Mahindra, Hindalco Industries, Jindal Steel Power Ltd, Maruti Suzuki, Tata Power, BHEL, Tata Steel and ICICI Bank.

Among individual stocks, Aseem Global has locked in 10% upper circuit, extending its previous day’s 10% rally after the company said it is in advanced stage of talks with overseas investors for technology and financial joint venture for its new plant.

Overall market breadth in turned negative, of 2626 stocks traded 1,644 shares declining compared to 982 shares advancing.

Wed, Jan 16, 2013 at 11:30 AM
Markets trading flat.
Markets are trading volatile in a narrow range, amid profit booking in select IT, Auto and Bank sectors. Sensex after touching a high of 20,009, now is down by 23 points at 19963, while Nifty is down by 16 points at 6040.

Sectoral wise, Auto index is down by 1%, IT down by 0.6%. However Oil & Gas index is up by 0.8%, Healthcare, Consumer Durables and Capital goods indices have also advanced.

Major gainer stocks are, Reliance Industries up by 2.3%, Dr Reddys, Bajaj Auto and Sterlite Industries up by 1% each.

Major loser stocks are, Tata Motors down by 2%, Mahindra & Mahindra, Jindal Steel, Maruti Suzuki and Tata Steel also down by 1-2% each.

Kingfisher Airlines has been given a "no objection certificate" from oil companies and some aircraft leasing companies to restart operations, a senior regulatory source said on Wednesday. The stock has surged 3.7% at Rs 14.59 in trades today.

Wed, Jan 16, 2013 at 10:30 AM
Markets trading flat.
Markets trading flat, as investors are booking profit ahead of some key earning annoucements. Sensex is up by 17 points at 20,003.19, while Nifty is down by 3.9 points at 6,052 in morning trades.

Sectoral wise, Oil & Gas, Consumer Durables, Healthcare, Power, PSU are gaining, while IT, Banks, Auto, FMCG indexes are feeling pressure. Mid-caps and Small-caps rising by 0.1% each.

Major gainers stocks are, Dr Reddy's and Cipla rising by 2% and 0.6%, Reliance Industries up by 1.6%, ITC gaining by 0.3%, Bajaj Auto up by 1.4% and HDFC, HDFC Bank gaining by 1% and 0.1% respectively.

Major loser stocks are, Tata Motors, Mahindra & Mahindra down by 2% and 0.7% each, SBI and ICICI Bank down by 0.7% and 0.4%, Sterlite Industries and Jindal Steel down by 0.1% and 0.5%, TCS and Infosys down by 1% and 0.7% respectively.

The other notable movers include, Orient Refractories rising by 3%, after the Dutch firm Dutch US Holding B.V. made an open offer to acquire additional 26% stake in the company. Deccan Chronicle Holdings hitting the lower circuit filter of 5% with no buyers in the counter, after the National Stock Exchange (NSE) said that the trading in company’s shares will be suspended with effect from January 23, 2013 as the company failed to respond to NSE notice for non-compliance of listing agreement.

Overall market breadth is positive, of 1,800 stocks traded, 914 stocks advanced compared to 797 declines.

Wed, Jan 16, 2013 at 9:30 AM
Markets opened flat.
Markets opened flat, amid investors booking profits in select sectors ahead of key earnings announcement this week. Sensex is down by 8.6 points at 19,978.19, while Nifty is down by 7.6 points at 6,049.00.

Sectoral wise, Oil & Gas, PSU, FMCG , Healthcare gained, while Metals, Capital Goods, IT, Banks, Auto indexes are down. Mid-caps and Small-caps indices rising by 0.1 and 0.2% respectively.

Major gainer stocks are, Reliance Industries up by 1%, ITC gaining by 0.6%, Bajaj Auto and Maruti Suzuki up by 1% and 0.4% respectively.

MAjor loser stocks are, Tata Motors, Mahindra & Mahindra down by 0.7% each, SBI and ICICI Bank down by 0.5% each, Sterlite Industries and Jindal Steel down by 0.1% and 0.5%, TCS and Infosys down by 0.4 and 0.2% each.

Overall market breadth is positive, of 670 stocks traded, 401 stocks advanced compared to 233 declines.

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