February 4, 2013

Market Pulse - 04 Feb, 2013


Mon, Feb 04, 2013 at 17:00 PM
Markets closed marginally negative.
Markets closed marginally lower, after opening positive amid profit booking by investors in index heavy-weights. Sensex closed down by 30 points or 0.15% at 19,751.19, while Nifty closed down by 11.75 points or 0.2% at 5,987.25.

Sector wise, barring Auto index which closed up by 0.47%, all other indices closed negative. Healthcare and PSU indices were top losers down by 1.40% and 1.56% each, followed by Power and Metal down by 1.36 and 1.11%, while IT, FMCG Bank and Real-Estate indices closed down between 0.24-0.52% respectively. In broader markets Mid-Cap and Small-cap both closed down by 0.83-0.71% each.

Major stock gainers were, HDFC up by 2.49%, Tata Motors up by 2.40%, ICICI Bank and HDFC Bank gained by 0.94% and 0.31%, DLF up by 0.78%, Jindal Steel gained by 0.61%, TCS up by 0.46%, Hero Motocorp up by 0.29%, HUL gained by 0.27%, while Bajaj Auto inched up by 0.19%.

Major stock losers were, BHEL down by 2.73%, Cipla fell by 2.64%, State Bank of India dipped by 2.41%, Tata Power Company down by 2.29%, ONGC down by 2.08%, Sterlite Industries and Tata Steel 2.01% and 1.43% each, Coal India fell by 1.43%, GAIL (India) down by 1.31%, while Maruti Suzuki fell by 0.94%.

IFCI rallied by 3%, on back of heavy volumes on reports that the government plans to dilute its stake through a strategic sale.

Berger Paints gained by 2.5%, after the paint maker reported 57% year-on-year (yoy) growth in consolidated net profit at Rs 77 crore for the quarter ended on December 31, 2012 (Q3) on the back of higher sales.

Indian Bank dipped 3%, after reporting 37% year-on-year drop in net profit at Rs 331 crore for the third quarter ended December 31, 2012 due to higher provisioning for bad loans.

Bank of Baroda slipped by 7.5%, after reporting a sharp 22% year-on-year decline in net profit at Rs 1,012 crore for the third quarter ended December 2012 due to higher provisioning and lower other income.

Jubilant FoodWorks slipped by over 5%, after reporting a lower-than-expected 31% year-on-year rise in net profit at Rs 38 crore for the third quarter ended on December 31, 2012 due higher expenditure and tax outgo.

Overall market breadth was negative, with 1308 stock declining compared to 886 stock advancing.

Mon, Feb 04, 2013 at 15:30 PM
Markets ended negative.
Markets closed negative, with the Sensex down by 44 points at 19,736, while Nifty down by 12 points at 5,987.

Mon, Feb 04, 2013 at 14:30 PM
Markets loses ground.
Markets pared its morning gains in late noon deals, as profit bookings was seen in index heavyweights. Sensex down by 13 points at 19,746, while Nifty fell by 6 points at 5,993.

Sector wise, barring Auto and Real-Estate indices gaining by 0.6% each, indices like PSU, Healthcare, Power, Oil & Gas, Metal, IT and Consumer Durables were trading weak. In broader markets, Mid-cap slipped down by 0.6%, while Small-cap down by 0.4%.

Major market movers were, Tata Motors, HDFC, ICICI Bank,Jindal Steel,HDFC Bank,L&T and Hindalco up between 0.5-3%, while Cipla, Sterlite Industries, Dr Reddys Lab, Tata Power, BHEL and ONGC down 2% each. The other major losers were SBI, Maruti Suzuki, Coal India, Mahindra & Mahindra, Gail India and Infosys down 0.5-1%.

Jubilant FoodWorks has slipped by over 5%, after reporting a lower-than-expected 31% year-on-year rise in net profit at Rs 38 crore for the quarter ended on December 31, 2012 due higher expenditure and tax outgo.

Overall market breadth turned negative, with 1542 stocks declining compared to 1183 stocks advancing.

Mon, Feb 04, 2013 at 14:00 PM
Markets trading firm.
Markets consolidated gains in noon trade, after opening firm taking cues from strong Asian markets. Sensex gaining by 90 points at 19,870, while Nifty gaining by 22 points at 6,020.

Sectoral wise, Real-Estate, Auto, Bank, Oil & Gas indices gained, while PSU, Metal, Power, IT and Healthcare indices were trading weak. In broader markets, Mid-caps fell by 0.15%, while Small-caps inched up by 0.12%.

Major stock movers are, Tata Motors and Bajaj Auto gained by 3.4% and 0.7%, ICICI Bank and HDFC Bank up by 2.2% and 1%, Hidalco Industries up by 0.3%, while Reliance Industries up by 0.23%. Whereas, Dr. Reddys Lb down by 1.6%, Sterlite Industries down by 1.4%, HUL and State Bank of India fell by 0.5% and 1.4% respectively.

Overall market breadth is positive, of 2,665 stocks traded, 1,308 stocks advanced compared to 1,219 declines.

Mon, Feb 04, 2013 at 10:30 AM
Markets trading positive.
Markets continue to trade positive led by buying demand in Auto and Bank sectors, amid firm cues from Asian markets. Sensex is up by 100 points at 19,881, while Nifty up by 28 points at 6,027.

Sector wise, Real-Estate index spurted by 2%, following were Auto, Consumer Durable, Banks, TECk and IT, all gaining by nearly 1% each, while FMCG and Healthcare were trading marginally negative.

Major stock movers are, Tata Motors spurted up by 3%, after company reported that its total sales of commercial and passenger vehicles in January 2013 were 61,660 vehicles. Bajaj Auto gaining over by 1%, after the company said its total sales rose 3% to 3.47 lakh units in January 2013 over January 2012. ICICI Bank, HDFC and HDFC bank gaining between 1-2%, Hindalco Industries, Jindal Steel and Tata Steel rising up by 1% each, while Reliance Industries rising up by 1%. Whereas, Cipla, BHEL, Dr. Reddys Lab, Tata Power and HUL declining between 1-2%.

Overall market breadth remains positive with 1,242 shares advancing compared to 710 shares declining.

Mon, Feb 04, 2013 at 09:30 AM
Markets open positive.
Markets opened positive, amid investors interest in buying and strong global cues. Sensex, which rose to 19,902.60, is now up by 86 points or 0.4% at 19,867.20, while Nifty is up 35 points or 0.58% at 6033.90.

Sectors like Auto, Bank, Real-Estate and Metal are among the notable gainers, while IT, Pharma and FMCG stocks are trading mixed.

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