January 19, 2013

Weekly Pulse - Jan 19, 2013


Weekly Update - Jan 19, 2013

Markets ended on positive note.
Markets spurted to two hear high amid government's decision of partially deregulation in disel prices, also defer the implementation of the General Anti Avoidance Rules (GAAR), which seeks to tax foreign investors, by two years until 1 April 2016.

Oil & Gas index surged by 9% following Oil price deregulation news. It index gained by 2.5%, after upbeat results by sector heavy-weights raising hoped of growth recovery. Auto index dropping by 3% on the back of weak sales number by the company. Metal index also dropping by 1.40%. The broader markets underperformed the benchmark index. Mid-cap index ended flat, while Small-cap index slipped over by 1%.

Among major stock gainers were, ONGC up by 15%, NTPC, Bharti Airtel, Reliance Industires up by 7%, ITC rising up by 5%.

Among major stock losers were, Wipro down by 5.3%, Tata Motors down by 0.6%, Bajaj Auto down by 2.8%, HDFC Bak down by 1%, Hero Motocorp down by 3.7%, Hindalco Industries down by 3.3%.

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