26 February, 2013

Market Pulse - 26 Feb, 2013


Tue, Feb 26, 2013 at 16:30 PM
Markets closed negative, amid weak global cues.
Markets slipped down after opening weak in the morning tracking weak global cues on account of uncertainty in Italy post the general elections and also there was no positive surprise in the Railway Budget. Sensex which opened down by 41.03 points or 0.21% at 19,290.66 kept shedding and closed at 19,051.14 down by 316.55 points or 1.64%, while Nifty which opened down by 16.45 points or 0.28% at 5,838.30 also loosened and ended down by 93.40 points or 1.60% at 5,761.35.

Sectoral wise, barring IT index which closed up by 0.89%, all other indices closed negative. Leading the list was Oil & Gas index down by 3.07%, followed by Auto down by 2.76%, Capital Goods fell by 2.44%, Metal slumped by 2.30%, PSU declining by 2.29%, Healthcare down by 1.93%, Real-Estate down by 1.89%, Bank declined by 1.68%, Power down by 1.29%, Consumer Durables fell by 0.89% and FMCG fell by 0.54%. In broader markets, Mid-cap and Small-cap both the indices also closed negative. Mid-cap closed down by 1.76%, while Small-cap crashed down by 2.43%.

Major stock gainers were, Tata Consultancy Services gaining by 1.56%, Infosys up by 1.47%, Bharti Airtel gaining by 1.38%, NTPC gained by 0.73% and Hindustan Unilever tad up by 0.22%.

Major stock losers were, Hindalco Industries leading the list slumped by 4.49%, followed by Bajaj Auto down by 4.20%, HDFC and ONGC declining by 3.74%, Reliance Industries Limited fell by 3.51%, Mahindra & Mahindra and Tata Motors down by 3.35% and 3.29%, Coal India Limited fell by 3.28%, Tata Steel Limited down by 3.08%, ICICI Bank Limited, BHEL, Sun Pharmaceuticals Limited, Maruti Suzuki, Larsen & Tourbo, Cipla Limited and Dr Reddys laboratories declining between 3-.2% respectively, Sterlite Industries and HDFC Bank Limited down between 2-1%, State Bank of India fell by 0.98%, Gail (India) down by 0.89%, Tata Power down by 0.87%, Wipro Limited down by 0.85%, Jindal Steel & Power down by 0.83%, Hero Motocorp fell by 0.77% and ITC down by 0.51%.

As there was no major announcement made by Railway Minister in it's Rail Budget, stocks dependant on Indian Railway's for revenues have plunged. Kalindee Rail slipped by 11.60%, Titagarh Wagons slumped by 8.10%, Kernex Microsystems (India) slumped by 15.31%, Hind Rectifiers fell by 8.82% and Bartronics down by 0.60%.

Zicom Electronic Security Systems gained by 4.20%, after Railway Minister proposed electronic display in trains for giving real time updates of train stations and schedules.

Jet Airways (India) plunged by 11%, extending its losses for the straight fourth day, amid concerns over it's stake-sale deal with Etihad Airways.

Overall market breadth was negative with 2,012 shares declining compared to 774 shares advancing, while 115 shares remained unchanged.

Tue, Feb 26, 2013 at 15:30 PM
Markets continue to remain weak..
Markets ended lower amid heavy selling done in index heavy weight. Sensex closed down by 299.73 points or 1.55% at 19,031.96 (provisional) Nifty ended down by 87.25 points or 1.49 points at 5,767.50 (provisional).

Tue, Feb 26, 2013 at 14:00 PM
Markets continue to remain weak..
Markets continue to trade weak tracking weak global cues amid selling in index heavy weights. Sensex fell by 230.69 points or 1.19% at 19,101, while Nifty fell by 69.75 points or 1.19% at 5,785.

Sector wise, Oil & Gas index declined by 2.50% and Auto, Capital Goods, Metal and PSU followed the trend were down by 2%, IT and FMCG were only indices trading positive. In broader market, both the indices Mid-cap and Small-cap were trading negative.

Major stock movers were, Tata Motors, ONGC, Hindalco Industries, ICICI Bank, Reliance Industries Limited, Bajaj Auto and Tata Steel, all were down between 3-4%.

Overall market breadth is negative with 1,978 shares were declined compared to 678 shares advanced.

Tue, Feb 26, 2013 at 12:00 PM
Markets continue to remain weak..
Markets continued to trade weak weighed by Financial and Oil & Gas sector shares. Sensex is down by 132 points at 19,200, while Nifty down by 41 points at 5,813. Sector wise, all indices are trading negative except for IT. In broader markets, both Mid-cap and Small-cap indices continued to remain weak amid selling pressure. Both the Mid-cap and Small-cap index are down by 1.3% each.

Major stock movers are, Reliance Industries down by 1.60%, ONGC fell by 1.20%, HDFC and ICICI Bank fell by 2%, SBI down by 1%, Larsen & Tourbo and Tata Motors too are trading weak. Tata Consultancy Services and Infosys gaining by 1%, ITC and Hindustan Unilever up by 1-2% each, Bharti Airtel gained by 3.10% and Idea Cellular Limited up by 3.60%.

Idea Cellular Limited and Bharti Airtel gaining by 3.6-3.1% on news of government’s decision to lower the reserve price of spectrum for 1,800-MHz. Mean while, Bharti Airtel launched 4G voice services in Pune, where it had earlier offered data services.

Maruti Suzuki fell by 1.9%, after the Reserve Bank of India (RBI) stated that foreign institutional investor (FII) cannot buy shares of Maruti Suzuki as their limit of 24% has been breached.

Overall market breadth is weak, with 1,663 shares declining compared to 634 shares advancing.

Tue, Feb 26, 2013 at 10:30 AM
Markets trading cautiously.
Markets continue to trade languish as Railway Budget is to be announced at 11:00AM by Railway Minister, Mr. Pawan Kumar Bansal. Sensex is down by 98 points at 19,233, while Nifty is down by 36 points at 5,818.

Sectoral wise, barring IT and FMCG indices, all other sectors are trading negative. IT index gaining by 0.70% and FMCG is flat. Auto index dropped by 1.30%, Capital Goods, Healthcare and Bank are down between 1%. In broader markets Mid-cap and Small-cap indices fell by 0.80% and 0.70% each.

Tue, Feb 26, 2013 at 09:30 AM
Markets opened negative.
Markets opened weak, ahead of Railway Budget which is to be announced later today. Sensex opened down by 41.03 points or 0.21% at 19,290.66 is current trading at 19,203 down by 127 points, while Nifty opened down by 16.45 points or 0.28% at 5,838.30 is current down by 42 points at 5,812.

Sector wise, Auto index fell by 0.80%, Oil & Gas index down by 0.80%, Healthcare, Metal and Bank indices too were trading weak. Consumer Durables is just tad up by 0.20%, while IT index is almost flat.

Major stock movers were, BHEL, Infosys and Hindustan Unilever are positive between 0.30-0.80%, Maruti Suzuki, Mahindra & Mahindra and Tata Motors down by 1.50% each. ICICI Bank fell by 1.30%, HDFC, ONGC, Larsen & Tourbo, Wipro Limited and Hindalco are also trading weak.

Bharti Airtel surged by 4% as it has announced to launch 4G services by end of next month in Chandigarh.

Cairn India fell by 0.7%, as the company started drilling its first exploration well in four years on the prolific Rajasthan block.

Jet Airways slumped by 3%, after it's much anticipated Jet-Etihad deal hit a road block.

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