01 March, 2013

Market Pulse - 01 March, 2013

Fri, Mar 01, 2013 at 14:30 PM
Markets ended positive, amid clarification on TRC.
Markets closed marginally positive after clarification on Tax Residency Certificate by Finance Minister amid volatile trading sessions. Sensex closed up by 56.98 points or 0.30% at 18,918.52, after opening up by 15.14 points or 0.08% at 18,876.68 and touched high of 18,988.97 and low of 18,820.90, while Nifty ended up by 26.65 points or 0.47% at 5,719.70, after opening up by 9.40 points or 0.17% at 5,702.45 and touching the high of 5,739.45 and low of 5,679.90 in the day.

Maruti Suzuki surged up by 4.98%, Jindal Steel & Power gaining by 2.87%, Bajaj Auto gained up by 2.63%, Larsen & Tourbo up by 2.51%, Cipla gaining up by 2.40%, Tata Power gained up by 2.22%, Hindustan Unilever advanced up by 2.04%, HDFC gaining up by 1.80%, Mahindra & Mahindra up by 1.79%, ICICI Bank gained up by 1.54%, Coal India gained up by 1.26%, Wipro Limited gained up by 1.13%, ONGC gaining up by 0.48%, Tata Motors gained up by 0.43%, Satate Bank of India up by 0.19%, while Infosys tad up by 0.08%.

Bharti Airtel slumped down by -3.89%, Dr Reddys Laboratories fell by -1.44%, ITC declining by -1.42%, Hero MotoCorp down by -1.30%, Tata Consultancy Services fell by -1.0%, Sterlite Industries down by -0.80%, NTPC fell by -0.70%, HDFC Bank declining by -0.65%, Reliance Industries Limited down by -0.63%, Hindalco Industries fell by -0.35%, Sun Pharmaceuticals down by -0.34%, Tata Steel Limited down by -0.22%, while BHEL and Gail (India) tad down by -0.15% each.

Maruti Suzuki surged up almost by 5%, as company reported 7.89% decline in its total sales at 1,09,567 units in February 2013.

Mahindra & Mahindra gained up by 1.79%, after the company reported 11% y-o-y (year-on-year) growth of 47,824 units in it's auto sales numbers in February 2013.

Hero MotoCorp declined by 1%, on reports of workers at company's Gurgaon unit went on hunger strike demanding higher wages.

Adani Enterprises ended lower by 2%, ahead of its promoter’s stake sell plan via Offer for Sale (OFS) route on Monday.

Overall market breadth was tad weak with 1,522 shares advancing compared to 1,336 shares declining, while 112 shares remained unchanged.

Fri, Mar 01, 2013 at 14:30 PM
Markets extends gain.
Markets extended its gain in noon session, after clarification from finance minister regarding tax residence certificate. Sensex is up by 81.46 points or 0.43% at 18943, while Nifty is up by 33.95 points or 0.60% at 5,727. Sectoral wise, Consumer Durables index gaining almost by 3%, Capital Goods, Auto, Power, PSU, Metals and Bank gaining up between 1-2%, while Real-Estate index declining almost by 3%. Whereas, broader markets are trading firm in line with the benchmarks index.

Fri, Mar 01, 2013 at 12:00 PM
Markets trading firm.
Market after opening positive is trading firm. Sensex after opening up by 15.14 points at 18,876.68 is now currently up by 55.46 points or 0.29% at 18,917, while Nifty after opening up by 9.40 points at 5,702.45 is currently up by 18.50 points or 0.32% at 5,711.55.

Sector wise, Power, Capital Goods and Metal indices were up by 1.28-1.07% each, Consumer Durables and Auto were up by 0.50-1.00%, PSU, Oil & Gas, IT and Bank were up between 0.10-0.50% respectively, while Real-Estate cracked down by -2.41% followed by indices were FMCG and Healthcare declining by -0.17% and -0.45% each. Where as in broader markets, Mid-cap index gained up by 0.26%, while Small-cap index was marginally negative down by -0.02%

Major gainers at this hour are, Jindal Steel & Power and Maruti Suzuki surging up by 3.78% and 3.59%, Tata Power advancing up by 2.96%, Larsen & Tourbo, ONGC, Mahindra & Mahindra, Cipla Limited, HDFC, Wipro Limited and ICICI Bank gaining up between 2-1% respectively, Tata Steel and Coal India Limited up by 0.91% and 0.90%, Tata Motors up by 0.52%, Sterlite Industries up by 0.43%, Infosys inched up by 0.19%, while State Bank of India, Hindustan Unilever and HDFC Bank tad up by 0.10%, 0.08% and 0.06% each.

Major losers at this hour are, Hero MotoCorp down by -1.97%, Dr Reddys Laboratories fell by -1.38%, BHEL down by -1.22%, NTPC down by -1.16%, ITC fell by -1.02%, Tata Consultancy Services down by -0.97%, Hindalco Industries down by -0.86%, Bharti Airtel down by -0.82%, Gail (India) fell by -0.80%, Bajaj Auto fell by -0.65%, Reliance Industries Limited down by -0.59% and Sun Pharmaceuticals fell by -0.55%.

Overall market breadth is marginally negative with 1240 shares declining compared to 1145 shares advancing, while 116 shares were unchanged.

Fri, Mar 01, 2013 at 10:30 AM
Markets edged a bit higher.
Markets have edged a bit higher amid buying in index heavy weights. Sensex up by 77.46 points or 0.41% at 18,939, while Nifty up by 26.95 points or 0.47% at 5,720.

In broader market, both indices were gaining up by 0.50% and 0.20% respectively.

Major stock movers were, Suzlon Energy surging up by 17%, Jain Irrigation and Indiabulls Finance gaining up between 1-9% each.

Fri, Mar 01, 2013 at 09:30 AM
Markets open positive post Union Budget.
Markets have opened positive ignoring the sluggish global cues. Sensex opened up by 15.14 points or 0.08% at 18,876.68 is current at 18,915.15 up by 53.61 points or 0.28%, while Nifty opened up by 9.40 points or 0.17% at 5,702.45 is current at 5,704.80 up by 11.75 points or 0.21%.

Sectoral wise, Consumer Durables and Capital Goods indices gaining by 1% each, followed by indices were FMCG, IT, Metal, and Auto indices inching up between 0.30-0.70% each, while Oil & Gas, Real-Estate, PSU and Healthcare were weak and trading between 0.10-1% respectively.

Major stock movers were, Maruti Suzuki and Jindal Steel & Power surged up by 2%, followed by Wipro Limited, Infosys, Coal India Limited, Sterlite Industries, ICICI Bank and Larsen & Tourbo gaining up by 1% each. Whereas, Sun Pharmaceuticals, ONGC, NTPC declining by 1% each and Reliance Industries Limited slipped by 0.05%. HDFC Bank, Hero Motocorp, Cipla Limited, Hindalco Industries, Gail (India), Bajaj Auto and Tata Consultancy Services too were weak and trading down between 0.60-0.80% respectively.

United Spirits surging up by 6%, after CCI (Competition Commission of India) approved Diageo Plc's proposed majority stake purchase in the company, in which Diageo would be acquring up to 53.40% stake in United Spirits.

Overall market breadth is positive with 610 shares advancing compared to 407 shares declining

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