February 8, 2013

Market Pulse - 08 Feb, 2013


Fri, Feb 08, 2013 at 17:30 PM
Markets closed lower.
Markets closed lower, after opening tad weak and thereafter gaining momentum but paring all it's gains in noon session and finally ending the day in negative zone. Sensex closed down by 96 points or 0.49% at 19,485, while Nifty ended the day down by 35 points or 0.59% at 5,904.

Sector wise, barring IT, Capital Goods and Consumer Durables indices which closed up between 0.86-0.12% each, all other indices ended negative. Metal index was top loser down by 1.70%, followed were PSU, Real-Estate, Auto, Oil & Gas, Healthcare were down between 1.25-1% each, while FMCG fell by 0.98%, Bank down by 0.56% and Power down by 0.34% respectively. Even Mid-cap and Small-cap closed down by 0.72% and 0.95% respectively.

Major stock gainers for the day were, TCS gained up by 2.58%, Wipro up by 1.57%, HDFC Bank gained up by 1.24%, BHEL up by 1.21%, L&T gained by 0.89%, Bharti Airtel up by 0.42%, while Tata Power Co and Gail (India) tad up by 0.10.-0.07%.

Major stock losers for the day were, Cipla slipped by 3.34%, Sterlite Industries and Hindalco Industries fell by 3.2-3.18%, Maruti Suzuki down by 2.27%, ONGC down by 2.02%, Dr. Reddy’s Lab closed down by 1.99%, Hero Motocorp fell by 1.96%, State Bank of India down by 1.75%, M&M and Coal India Limited down by 1.41 each, Jindal Steelfell by 1.34, ICICI Bank down by 1.31%, Tata Motors, Tata Steel, HUL, Bajaj Auto, ITC and Reliance Industries down between 1.09-0.79%, while Sun Pharmaceutical Industries and HDFC tad down by 0.63-0.38% each.

Mahindra & Mahindra Ltd, posted a 26% rise in profit for the three months to end-December but lagged street estimates, as a slide in operating margin offsets strong SUV sales growth.

Elantas Beck was locked in lower circuit of 20%, after its German promoter plans to cut stake in the company from the current 88.55% to comply with SEBI norms on minimum public share holding requirements.

Ambuja Cements slipped over 5% after company reported lower-than-expected earnings for the October-December quarter.

New Delhi Television (NDTV) was locked in upper circuit of 10%, after reporting a consolidated net profit of Rs 14.87 crore for the third quarter ended December 31, 2012 (Q3) due to lower selling and administration cost.

Hotel Leala Ventures ended lower by 4%, on reports that Chittarath Poovakkatt Krishnan Nair, widely known as ‘Captain Nair’ for his army background, has decided to call it a day as chairman of Hotel Leela Venture.

Shasun Pharma drowned by nearly 13%, after the company reported 67% fall in its net profit which came in at Rs 8.2 crore.

Venus Remedies gained by over 8%, after reporting a robust 56% year-on-year (yoy) jump in net profit at Rs 16.06 crore for the third quarter ended December 31, 2012.

Indiabulls Financial Services dipped by nearly 5%, after the company said that it plans to raise upto Rs 450 crore via share sale.

Overall market breadth ended weak with 1,397 shares declining compared to 763 shares advancing.

Fri, Feb 08, 2013 at 14:30 PM
Markets ended lower.
Markets ended lower, amid selling pressure in slect banking and oil company shares. Sensex closed at 19,466 (provisionally) down by 114 points or 0.58%, while Nifty ended down by 44 points or 0.75% at 5,894 (provisionally).

Fri, Feb 08, 2013 at 14:30 PM
Markets trading in narrow range
Markets continue to trade in a narrow range. Sensex tad up by 6 points at 19,586, while Nifty tad down by 9 points at 5,930.

Sector wise, IT, Capital Goods indices have gained by almost 1% each, while FMCG, Metal, Healthcare and PSU indices have declined by 1% each. Mid-cap and Small-cap were in negative zone down by 0.3-0.5% each.

Major stock movers were, BHEL and L&T surged by 2% each, NTPC gained by over 1%, HDFC Bank, Bharti Airtel, Tata Steel, Sun Pharma and Tata Motors were some other gainers in the list.

Cipla slipped by over 3%, ITC and HUL have down by 1%, Sterlite Industries, Coal India Limited, Dr. Reddey's Lab, Maruti Suzuki and SBI were some of major stock trading weak.

Elantas Beck was locked in lower circuit of 20%, after its German promoter plans to cut stake in the company from the current 88.55% to comply with SEBI norms on minimum public share holding requirements.

MRF has gained over 2%, after the company has posted a net profit of Rs. 180 crore for the quarter ended December 31, 2012 as compared to Rs. 113 crore for the quarter ended December 31, 2011.

Overall market breadth remains weak with 1,602 shares declining compared to 1,065 shares advancing.

Fri, Feb 08, 2013 at 13:00 PM
Markets trading almost flat.
Markets trading flat in noon trades, as buying interest in IT shares. Sensex tad up by 4 points 19,585, while Nifty down by 7 points at 5,932.

Sector wise, Metal, FMCG, PSU, Real-Estate and Banks indices declined, while IT, Capital Goods indices inched up. Mid-cap and Small-cap are trading weak down by 0.3-0.4% each.

Gainers include, TCS and Wipro up by 3% and 1.3%, Infosys inched up by 0.2%, HDFC and HDFC Bank up by 0.6% and 1%, while Tata Motors tad up by 0.1%.

Losers include, Cipla and Dr Reddy's Lab down by 3.7% and 1% respectively, Sterlite Industries and Jindal Steel down by 2.5% and 0.3%, ONGC down by 1%, ICICI Bank and SBI down by 0.3% and 1%.

MRF has gained by over 2%, after the company has posted a net profit of Rs. 180 crore for the quarter ended December 31, 2012 as compared to Rs. 113 crore for the quarter ended December 31, 2011.

Jyothy Laboratories has gained by over 2%, on hopes of an improvement in their margins in the following quarter.

Fri, Feb 08, 2013 at 11:45 AM
Markets maintaining its gain.
Markets are trading marginally higher led by gains in IT shares. Sensex, after touching a high of 19,648 has pared some gains and is now up 36 points at 19,616, while Nifty is trading almost flat at 5,941.

NTPC gained by 1%, after strong investor response to the divestment of Government of India's 9.5% stake in the company through the stock exchanges mechanism on Thursday.

Cipla slipped down by 2.5%, extending its Thursday's losses triggered by Managing Director Dr. Y K Hamied announcing his resignation at the time of the announcement of the company's Q3 December 2012.

Fri, Feb 08, 2013 at 10:45 AM
Markets trading firm.
Markets after opening marginally nagative, has advanced in early morning sesseion. Sensex gained up by 50 points at 19,630, while Nifty up by 10 points at 5,948.

Sector wise, Oil & Gas, Healthcare, PSU, amd Metal indices were trading negative, while Capital Goods, Auto, Consumer Durables edged up higher. In broader markets both Mid-cap and Small-cap indices continue to languish in the negative, down by 0.1% each.

Venus Remedies spurted by 9%, after reporting a robust 56% year-on-year (yoy) jump in net profit at Rs 16.06 crore for the third quarter ended December 31, 2012 (Q3). Operating profit margins has improved by almost 200 basis points yoy to 27.1% from 25.37%.

Great Eastern Shipping soared by 5%, after reporting over two fold growth in consolidated net profit which came in at Rs 192 crore for the third quarter ended December 31, 2012 (Q3), due to foreign exchange gain and lower interest cost. The shipping company had a profit of Rs 89 crore in a year ago quarter.

Shasun Pharma tanked nearly by 9%, after the company reported 67% fall in its net profit which came in at Rs 8.2 crore. The company had posted a profit of Rs 24.6 crore during the same quarter previous year.

Indiabulls Financial Services dipped by nearly 6.5%, after the company said that it plans to raise upto Rs 450 crore via share sale.

Overall market breadth is slightly negative with 1,085 shares delining compared to 958 shares advancing.

Fri, Feb 08, 2013 at 09:30 AM
Markets open flat.
Markets opened flat, amid weak global cues. Sensex opended tad down by 3.13 points or 0.01% at 19,577.19 is now up by 28 points or 0.15% at 19,609, while Nifty opened marginally down by 9.7 points or 0.16% at 5929.10, is now up by 10 points or 0.20% at 5,950.

Sector wise, Auto, Consumer Durables, Capital Goods have started with gains between 0.1-0.7%, while, Oil & Gas, PSU, Metal, FMCG, Bankex, Power and Health Care had a negative start, losing between 0.1-0.4%.

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