February 1, 2013

Market Pulse - 01 Feb 2013


Fri, Feb 01, 2013 at 16:30 PM
Markets closed lower.
Markets closed lower for second consecutive session, on concerns over growth slowdown, led by losses in rate sensitives indices like Bank, Metal and Capital Goods. Risk appetite was also frail after index stocks such as Bharti Airtel Limited and Bharat Heavy Electricals Limited posted below estimate Oct-Dec results exacerbating growth woes. Sensex closed down by 101.80 points or 0.51% at 19,793.18 after touching a high of 19,966.69 and low of 19,736.45, while Nifty closed down by 30.15 points or 0.50% at 6,004.60, after tapping a high of 6,052.95 and low of 5,983.20 intraday today.

Sector wise, barring FMCG, Healthcare and Power indices which were up by 0.21%, 0.78% and 0.06% respectively, all other indices were trading negative. Real-Estate was the leading laggard down by 1.16%, followed were Auto, Bank, Metal, PSU and IT down between 0.98-0.41%. Mid-cap and Small-cap index were also dwon by 0.06% and 0.21% each.

Major stock gainers were, Maruti Suzuki gained by 1.65%, Cipla and Dr Reddy's rising by 1.58% and 1.4% respectively, Bajaj Auto up by 1.26%, Reliance Industries gaining up by 0.78%, Coal India, ITC, TCS and Sun Pharma rising by between 0.78-0.2%.

Major stock losers were, Tata Motors drowned by 4.36%, DLF fell by 2.62%, Bharti Airtel fell by 2.62%, ONGC down by 2.12, Sterlite Industries and Hindalco Industires dropped by 1.99 and 1.71% respectively, Jindal Steel fell by 1.15%, HUL down by 1.68%, ICICI Bank and SBI Bank down by 2% and 0.5%, BHEL down by 1%, Larsen & Toubro shedding by 0.5%.

Bharti Airtel slipped by 2.6%, after posting disappointing set of numbers. Bharti Airtel fell for the twelfth quarter in a row and missed estimates by a wide margin dragged down by higher costs, it has posted a 72% decline in its profit for the third quarter ended December 2012. Bharti Airtel's consolidated net profit fell to Rs 284 crore in the third quarter that ended December 31, from Rs 1,011 crore a year earlier.

Jet Airways swung back into profit of Rs 85 crore for the third quarter ended December 2012 mainly due to rising fares in an under-serviced market and on lower costs. In the same period a year ago its net loss was Rs 101 crore. The stock ended marginally up by 0.1%.

Oil India's $575 million share auction was fully covered on Friday, (provisional) data from the National Stock Exchange showed. Shares of OIL fell by 2.5%.

Bharat Heavy Electricals Ltd, fell by 1% after it missed analyst estimates with a 17.5% fall in third-quarter net profit, hit by a slowdown in new orders, sending its shares down more than 4%.

Overall market breadth turned negative, of 2,987 stocks traded, 1,149 stocks declined compared to 954 gained.

Fri, Feb 01, 2013 at 15:30 PM
Markets ended lower.
Markets ended lower led by drop in rate-sensitive sectors such as Banks, Real-Estate amid concerns over economic growth slowdown. Sensex fell by 105.73 points (provisionally) ended at 19,789.25, while Nifty declined 30.15 points to end at 6,004.60 (provisional).

Fri, Feb 01, 2013 at 14:00 PM
Markets trading lower.
Market continues to trade lower, amid selling pressure Bharti Airtel and Bharat Heavy Electricals Limited. Sensex down by 86 points at 19,809, while Nifty declined 27 points at 6,007.

Sectoral wise, Consumer Durables, Healthcare, Oil & Gas, Power indices gained, while Real-Estate, Banks, IT, Capital Goods declined. Whereas, Mid-caps and Small-caps inched up by 0.1% each.

Major stock movers are, Maruti Suzuki gaining by 2%, Cipla & Dr Reddy's Lab rising by 1.5%, Bajaj Auto up by 1.3%, Reliance Industries up by 0.6% ,Sun Pharma up by 0.5%. Whereas, BHEL down by 2%, Sterlite Industries and Hindalco Industries down by 0.5% and 1.5% respectively, HUL dropped by 1.4%, Bharti Airtel down by 1.5%, ICICI Bank and SBI Bank down by 1% and 0.3%, Larsen & Toubro fell by 0.2%.

Fri, Feb 01, 2013 at 13:00 PM
Markets turn negative.
Markets extended its losses in noon session. Sensex down by 52 points at 19,843, while Nifty down by 18 points at 6,016.

Sector wise, Real-Estate and Capital Goods indices have declined almost by 1% each followed by indices like FMCG, Power, IT, Banks and PSU, all declining marginally, however, Consumer Durable index surged over by 2%.

Major stock movers are, BHEL down almost by 5%, Bharti Airtel down by 2.4%, HUL, Hero Moto, Tata Motors, Hindalco, HDFC Bank, Infosys and L&T were other losers on the list. Maruti Suzuki has gained over by 2%, Bajaj Auto, Cipla and Dr. Reddys Lab have gained between 1-2%.

Yes Bank is trading higher by 2.3%, after signing a memorandum of understanding (MoU) with the International Finance Corporation (IFC) to jointly create a private equity (PE) fund that will make investments across sectors in North-Eastern States.

Bharat Heavy Electricals Limited (BHEL) dipped almost 5%, after reporting 18% year-on-year (yoy) drop in its net profit at Rs 1,182 crore for the third quarter ended December 31, 2012 (Q3) due to lower operational income.

Bharti Airtel has slipped by 2.4% after posting disappointing set of numbers. Profit at Bharti Airtel Ltd, India's top mobile network operator, fell for the twelfth quarter in a row and missed estimates by a wide margin, dragged down by higher costs.

Kennametal India has tanked over by 12%, extending its previous day’s 6% fall after its US-based parent-promoter announced plans to cut stake in the company from the current 88.61% to comply with the SEBI norms on minimum public share holding requirements.

Overall market breadth remains neutral with 1,284 shares advancing and 1,205 shares declining.

Fri, Feb 01, 2013 at 12:00 PM
Markets turn negative.
Markets pared off early gains and is trading almost flat. Sensex, after touching a high of 19,967 is trading flat at 19,897, while Nifty almost flat at 6,035.

Sector wise, Consumer Durables gained by 2%, Metal, Healthcare, Oil & Gas and Capital Goods indices advanced substantially in trades, while Real-Estate index is down by 1%, Bank and FMCG indices are also showing some weakness. Whereas, Mid-cap and Small-cap are positive and up by 0.5% each.

Major stock movers are, Bharti Airtel has managed to recover from its lows and is now trading flat, HUL is down by 1.5%, Hero MotoCorp, ITC, HDFC Bank are also trading weak. Whereas, Cipla, Bajaj Auto and Maruti Suzuki are up between 1-2% each, while Reliance, Jindal Steel and Larsen & Toubro are some of the other gainers.

Overall market breadth is positive, of 2,359 stocks traded, 1,281 stocks have advanced while 967 stocks have declined.

Fri, Feb 01, 2013 at 11:00 AM
Markets trading positive.
Markets continued to trade positive, however it has pared off early morning gains. Sensex is up by 13 Points at 19,919, Nifty is up by 8 points at 6,042.

Sector wise, Consumer Durables spurted up by 2.2%, Metal, Healthcare, Oil & Gas and Capital Goods indices advanced substantially, while Real-Estate is down by 0.4%, FMCG is also trading weak. Mid-Cap and Small-Cap indices are trading marginally up by 0.5% each.

Major Stock movers are, Bharti Airtel has slipped down by 2.7%, HUL down by 1%, Hero MotoCorp, ITC, HDFC Bank are other stocks trading in negative. Suzlon Energy spurted up by 5%, Cipla, Bajaj Auto and Maruti Suzuki are up between 1-2% each, while Reliance Industries, Jindal Steel and Larsen & Toubro are other gainers.

Bharti Airtel, down by 2.7%, after posting dissapointing set of numbers. Profit at Bharti Airtel Ltd, India's top mobile network operator, fell for the twelfth quarter in a row and missed estimates by a wide margin, dragged down by higher costs. The company saw its net profit fall to Rs 284 crore in the third quarter that ended December 31, from Rs 1,011 crore a year earlier.

Suzlon Energy has soared 5%, extending its previous day’s 16% rally, after the company said it has signed 138 megawatt (MW) firm order in South Africa.

Videocon Industries has rallied by 8%, on back of heavy volumes in morning deals on reports that ONGC Videsh Limited, the overseas arm of Oil & Natural Gas Corporation (ONGC), eyes Videocon Industries' 10% stake in Mozambique's Rovuma offshore block.

Overall market breadth is positive, of 2,055 shares traded, 1,231 shares advanced compared to 741 shares declined.

Fri, Feb 01, 2013 at 09:30 AM
Markets open positive.
Markets opened marginally up, with Sensex gaining up by 23 points or 0.1% at 19,998, while Nifty gaining up by 5.05 points or 0.08% at 6,039.80.

Consumer Durables, Pharma, Oil & Gas, Capital Goods, and Power were indices which gained, while FMCG, Bank, Real-Estate were trading a bit subdued.

Bajaj Auto has spurted up by 2%, Tata Steel and Cipla are up around by 1.5% each. Tata POwer, Sterlite Industries and Hindalco Industries are also trading positive. SBI, however is trading flat with a positive bias, while Bharti Airtel is up by 0.5%. Whereas, Hindustan Unilever has slipped down by 0.8%, Hero MotoCorp is down by 0.7%, followed by Tata Motors and Mahindra & Mahindra, HDFC Bank and ICICI Bank are down 0.3% each.

Overall market breadth is positive, of 1,490 stocks traded, 968 shares have advanced compared to 453 shares declined.

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