04 March, 2013

Market Pulse - 04 Mar, 2013


Mon, Mar 04, 2013 at 17:00 PM
Markets closed negative.
Markets closed lower led amid selling in metal and mining stocks due to tighten mortgage rules for property market implemented by China. Sensex closed down by 40.56 points or 0.21% at 18,877.96 after opening up by 2.38 points or 0.01% at 18,920.90 clocked a high of 18,930.86 and low of 18,760.14, while Nifty ended down by 21.20 points or 0.37% at 5,698.50 after opening down by 15 points or 0.26% at 5,704.70 and touched a high of 5,712 and low of 5,663.60 for the day.

Sector wise, barring Bank index which closed up by 0.27%, all other indices closed negative. Leading the list was Metal down by 2.54%, followed by Real-Estate and Consumer Durables fell by 2.25%-2.15%, Capital Goods, PSU and Power down between 1-2% each, Auto down by 0.78%, FMCG, Oil & Gas, IT and Healthcare down by 0.30, 0.21 and 0.14% each. In broader market, Mid-cap closed down by 1.37% and Small-cap ended down by 1.89%

Overall market breadth was negative, with 1,95 shares declined compared to 860 advanced, while 110 shares remained unchanged.

Mon, Mar 04, 2013 at 14:00 PM
Markets trading weak.
Markets continue to trade weak, amid selling in metal and mining stocks due to China tightening the mortgage rules for the proper market. Sensex was down by 88 points at 18,830, while Nifty down by 35 points at 5,685.

Sector wise, except for Oil & Gas and Bank indices, all other indices Consumer Durables, Metal, Real-Estate, Capital Goods, continued to to trade weak.

Major stock movers were, Dr Reddy's Laboratories gaining up by 1.4%, HDFC and ICICI Bank gained up by 0.3-0.4%, State Bank of India up by 0.2%, Reliance Industries up by 0.5%. Whereas, Jindal Steel, Hindalco Industries and Sterlite Industries fell by over 3%, Larsen & Toubro slipped by over 2%, Bajaj Auto and Maruti Suzuki declined by 2-2.3%.

Overall market breadth is negative with 1,871 shares declining compared to 721 shares advancing.

Mon, Mar 04, 2013 at 11:30 AM
Markets continue to trade weak.
Markets continued to trade languish on a weak cues from global markets. Sensex down by 85 points at 18,833, while Nifty fell by 32 points at 5,688.

Sectoral wise, barring IT and Bank indices which is trading positive, all other indices like Consumer Durables, FMCG, Power, Real-Estate, Capital Goods ad PSU declined between 1-1.60% respectively. Broader market too are trading weak with Mid-cap down by 1 and Small-cap fell 1.40%.

Major stock movers were, Sterlite Industries, Hindalco Industries, Jindal Steel, Tata Steel and Coal India Limited declining between 1-3% each, ITC, Bajaj Auto, Larsen & Toubro, Gain (India), Hindustan Unilever, Maruti Suzuki, Cippla, Hero MotoCorp, Mahindra & Mahindra, HDFC, NTPC and ONGC too were trading on a weak note. Whereas, Dr Reddy's Laboratories, Sun Pharmaceuticals, ICICI Bank, Reliance Industries, SGI, TCS and Tata Power are among the notable gainers.

Overall market breadth is negative with 1,580 shares declining compared to 659 shares advancing.

Mon, Mar 04, 2013 at 09:45 AM
Markets opened weak.
Markets have opened weak tracking weak Asian markets. Sensex opened down by 55 points at 18,863 is current down by 128 points or 18,790, while Nifty opened 23 points down at 5,697 is current down by 45 points at 5,675.

Sectoral wise, barring IT and Oil & Gas indices which were trading positive by 1%, all other indices were trading negative. Real-Estate, Metal, Power, FMCG, Capital Goods, Auto, Healthcare and PSU indices were down between 1-1.50%.

Major stock movers were, Hindalco Industries, Sterlite Industries, ITC, Larsen & Tourbo, Maruti Suzuki, Hindustan Unilever, Bajaj Auto, Tata Power and Mahindra & Mahindra all were trading negative. Overall market breadth is weak with 862 shares declining compared to 499 shares declining.

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