January 22, 2013

Market Pulse - Jan 22, 2013

Tue, Jan 22, 2013 at 16:00 PM
Markets closed negative.
Markets opened flat and gained marginally in the morning session but pared the gains in the noon session and closed negative, as investors resorted to booking profit at higher levels. Sensex closed below the 20,000 at 19,981.57, down by 120.25 points or 0.6%, Nifty closed down by 33.5 points or 0.55% at 6,048.50.

Sector wise, all the sectoral indices were in the negative zone. Real-Estate index drowned by 2%, FMCG down by 1.30%, PSU, IT, Healthcare, Bank, Auto, Metal, Power indices declined around 0.50 to 1% respectively.

Major loser stocks were, Gail India drowned by 4.5%, ITC down by 0.7%, Tata Motor down by 1.5%, Hindustan Unilever down by 2.8%,

Major gainer stocks were, Asian Paints up by 2.92%, ACC and NTPC gaining by 1.75& and 1.70%, Kotak Mahindra Bank and Sun Pharma gained by 1.55% each, while Jindal Steel, Axis Bank, Bajaj Auto, Cipla, Wipro, ONGC, M&M, and HDFC gained between 0.65% to 0.10% respectively.

Hindustan Unilever (HUL) witnessed a knee-jerk reaction as the company's board approved a royalty of 3.15%. Stock ended down by 2.8%. The current royalty stands at 1.4% of the turnover. The company plans to increase the royalty in a phased manner till March, 2018. According to the company officials, in the next financial year 2013-14, the royalty will stand at 1.9%, 50 basis points higher than the current royalty payment.

Overall market breadth turned weak with 1,450 shares declining compared to 827 shares advanced.

Tue, Jan 22, 2013 at 15:30 PM
Markets ended negative.
Markets ended the day with negative. Sensex closed (provisional) at 19,964 - down by 137 points, while Nifty closed down by 38 points at 6,045.

Tue, Jan 22, 2013 at 14:30 PM
Markets turns negative.
Markets have turned negative in afternoon session, as investor continue to book to book profits at higher levels. Sensex down by 131.93 points or 0.66% at 19,969.89, while Nifty down by 19.45 points or 0.32% at 6,062.55.

Sectoral wise, all sectoral indices were trading negative, Consumer Durables down by 1.2%, Real-Estate, Capital Goods, PSU and IT indices declining by 0.50% each.

Stocks of listed retail companies such as Pantaloon, Shopper's Stop and Trent were up in morning trade today on the Bombay Stock Exchange (BSE) following Foreign Investment Promotion Board (FIPB) clearance received by Swedish major IKEA for its Rs 10,500 crore investment in the country. This is the largest investment proposal in the single brand retail category so far.

Pharma major Lupin Ltd has received the final approval from the United States Food and Drugs Administration (USFDA) to market a generic version of an oral conceptive called Lutera Tablets.

Tue, Jan 22, 2013 at 09:30 AM
Markets opened flat.
Markets opened flat tracking mixed Asian markets ahead of Bank of Japan monetary policy later today. Sensex opened flat at 20,102.43, Nifty opened down by 2.15 points at 6,080.15.

Sector wise, Power, Oil & Gas, Capital Goods, Healthcare, Metals indexes were positive, while Consumer Durables, IT indexes were negative. Mid-caps and Small-caps were positive up by 0.1% each.

Major stock gainers were, NTPC up by 1%, ITC up by 0.77%, Tata Power up by 0.5%, Maruti Suzuki up by 0.4%, Wipro up by 0.3%.

Major stock losers were, Hero MotoCorp down by over 1%, Bahrti Airtel down by 0.5%, SBI and HDFC Bank down by 0.4% and 0.2%, TCS and Infosys down by 0.1% and 0.3%, while HUL down by 0.3%.

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