24 January, 2013

Market Pulse - Jan 24, 2013


Thu, Jan 24, 2013 at 17:00 PM
Markets closed negative.
Markets ended the day lower, after opening flat, amid selling pressure in broader indices Mid-cap and Small-cap which slipped down by 2.51% and 2.44% respectively. Sensex closed down by 102.83 points or 0.51% at 19,923.78, while Nifty closed down by 34.65 points or 0.58% at 6,019.35.

Sector wise, barring IT and FMCG sector which was up by 0.37% and 1.03%, all other sectors fell down. Auto and Real-Estate sector dropped by 2.51% and 4.19%, while PSU, Healthcare, Bank, Metal and Power were down between 0.69-1.97% respectively. Broader market was also down, Mid-cap down by 2.51% and Small-cap fell by 2.44%.

Major stock gainers were, HUL and ITC gaining by 1.86% and 1.64%, L&T up by 1.56%, TCS, Wipro and Infosys up between 1.06-0.30%, ONGC inched up by 1.01%, while HDFC Bank and Sun Pharma up by 0.31% and 0.15% respectively.

Major stock losers were, Tata Motors drowned by 5.91%, following was GAIL (India) down by 4.66%, Cipla down by 3.67%, Hindalco Industries, Sterlite Industries and Jindal Steel fell by 3.39%, 2.53% and 1.64% respectively, Maruti Suzuki down by 2.39%, Tata Power down by 2.32%, Coal India and Bharti Airtel fell by 1.84% and 1.70% each.

HDIL's market capital of almost Rs 1,565 crore has been wiped out after promoter Sarang Wadhawan sold 5 million shares or 1% stake, worth Rs 57 crore in secondary markets on Tuesday, thus reducing his stake to 0.99% from 2.19%.

Tata Motors has drowned over 6%, after the company said that EBITDA or operating margin for December quarter (Q3) is likely to be slightly lower than in the previous two quarters.

Oil and Natural Gas Corporation (ONGC) has rallied up to 6% and ended 1% higher on reports that the government may raise the gas prices.

Reliance Communications fell 9%, after reporting a 43% year-on-year (yoy) decline in its consolidated net profit at Rs 105 crore for the third quarter ended December 31, 2012 (Q3), due to higher financial charges.

Overall market breadth was negative, of 2,985 stocks traded, 1,503 stocks declined compared to 482 advanced.

Thu, Jan 24, 2013 at 15:30 PM
Markets ends lower.
Markets ended the day lower, after opening flat, amid selling pressure in broader indices which slipped down by nearly 2%. Sensex closed down by 94.58 points or 0.47% at 19932.03 (provisionally), while Nifty closed down by 34.95 points at 6,019.35 (provisionally).
Thu, Jan 24, 2013 at 11:30 AM
Markets trading subdued.
Markets continued to trade in the negative zone amid selling pressure in Auto and Real-Estate sectors. Sensex slipped down by 109.23 points or 0.55% at 19,917.38, while Nifty down by 36 points or 0.6% at 6,018.

Sector wise, except for IT and FMCG sector up by 0.73% and 0.77%, all other sectors are in negative between 0.29-1.23%. Auto and Real-Estate sector are feeling selling pressure and down by 3.13% and 3.34% each.

Major stock gainers at this hour are, ONGC up by 1.74%, Wipro up by 1.30%, TCS up by 1.23%, HUL up by 1.20%, ITC up by 1.16%, Infosys and HDFC Bank up by 0.48 and 0.47 each.

Major stock losers at this hour are, Tata Motors tanked by 7.42%, Gail down by 3.40%, M & M down by 2.61%, Cipla down by 2.14%, Sterlite Industires and Hindalco Industires fell by 2.13% and 1.61% respectively, L&T down by 2.06%, Tata Power down by 1.68%, Bharti Airtel down by 1.43%, DLF down by 1.17% respectively.

Overall market breadth is negative, of 2,510 stocks traded, 1,821 shares declined compared to 592 shares advanced.

Thu, Jan 24, 2013 at 10:30 AM
Markets turns negative.
Markets turned negative after opening flat, amid selling in index heavyweights. Sensex is down by 130 points at 19,896, while Nifty down by 43 points at 6,011.

Sector wise, baring IT and FMCG sector up by 0.83% and 0.58%, all other sectores are trading in negative zone. Mid-cap and Small-cap too are negative down by 1.70% and 1.50% respectively.

Major stock gainers are, TCS, Wipro and Infosys up between 0.7-1.5%, ITC and HUL gaining by 0.9% and 0.4%, ONGC up by 1.4%, Dr Reddys Lab up by 0.8% and HDFC Bank up by 0.3% respectively.

Major stock losers are, Tata Motors tanking by 7%, Mahindra & Mahindra, Maruti Suzuki, Hero MotoCorp and Bajaj Auto down between 0.6-2%, Sterlite Industries, Hindalco Industries, Jindal Steel and Tata Steel down between 1-2.5% respectively. Other notable losers are Gail India, L&T, Cipla, Tata Power, NTPC, Bharti Airtel, BHEL and Reliance Industries down between 1-4%.

Overall market breadth is negative, of 2136 stocks traded, 1631 stocks declined compared to 505 stocks advanced.

Thu, Jan 24, 2013 at 09:30 AM
Markets open higher.
Markets opened marginally higher, Sensex up by 21 points at 20,047, while Nifty up by 4 points at 6,058.

Sector wise, Oil & Gas, PSU, FMCG and IT edged higher, while Auto declining.

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