08 March, 2013

Market Pulse - 08 Mar, 2013


Fri, Mar 08, 2013 at 17:00 PM
Markets ended higher, amid buying in index heavy-weights.
Markets closed on the higher side, after opening positive in the morning, amid buying in index heavy-weights and positive global cues. Sensex closed up by 269.69 points or 1.39% at 19,683.23, after opening up by 65.13 points or 0.34% at 19,478.67 and striking a high of 19,706.03 and a low of 19,477.61, while Nifty ended up by 82.40 points or 1.41% at 5,945.70, after opening up by 20.35 points or 0.35% at 5,883.65 and touching a high of 5,952.85 and a low of 5,883.00 in the day.

Sectoral wise, barring IT index which declined down by 0.69% all other indices ended up. Leading the list was Oil & Gas index surging up by 2%, FMCG gained up by 1.93%, Metal gaining up by 1.77%, Bank gained up by 1.72%, Capital Goods advanced up by 1.57%, PSU gained up by 1.41%, Power up by 1.05%, Healthcare up by 0.98%, Consumer Durables gaining up by 0.95%, Auto gained up by 0.32% and Real-Estate edged up by 0.28%. Whereas, in broader market Mid-cap index gained up by 0.72%, while Small-cap index gained up by 0.68%.

Major stock gainers were, Jindal Steel & Power Limited spurted up by 5.73%, HDFC surged up by 4.04%, Gail (India) advanced up by 2.91%, HDFC Bank, Tata Steel, Coal India Limited, Larsen & Tourbo and ITC up between 2.50%-2.00%, Mahindra & Mahindra, Reliance Industries Limited, ICICI Bank, ONGC, Hero Motocorp, State Bank of India, Cipla Limited, Hindustan Unilever and Bajaj Auto gaining up between 2%-1%, Sun Pharmaceuticals up by 0.94%, Tata Power up by 0.87%, Bharti Airtel gained up by 0.83%, BHEL advanced up by 0.78%, NTPC up by 0.57%, Dr Reddys Laboratories up by 0.54%, Sterlite Industries inched up by 0.35%, while Hindalco Industries tad up by 0.10%.

Major stock losers were, Maruti Suzuki dropped down by 1.64%, Infosys declined by 1.15%, Wipro Limited fell down by 0.91%, Tata Motors fell by 0.72% and Tata Consultancy Services declined by 0.40%.

HDFC (Housing Development Finance Corporation) surged up by 4.04%, on hopes of higher growth as industry is expected to grow by 18% this fiscal year.

Overall market breadth was firm positive with 1,734 shares advanced compared to 1,135 shares declined, while 107 shares remained unchanged.

Fri, Mar 08, 2013 at 13:00 PM
Markets maintains its gain.
Markets maintains its gain on positive cues from Asian markets and buying interest in index heavy-weights. Sensex is up by 108 points at 19,521, while Nifty is up by 36 points at 5,899.

Sector wise, IT and Auto index declined by 0.90% and 0.20%, while PSU, Oil & Gas and FMCG gaining up by 1% each, Capital Goods, Consumer Durables, Bank, Metal and Power also inched up between 0.60-0.70% respectively. Whereas, in broader market both the indices Mid-cap and Small-cap gained by 0.30% and 0.50% each.

Major stock movers were, Hero Motocorp, Jindal Steel & Power Limited, Gail (India) gaining up between 2-3%, Coal India Limited, ONGC, NTPC, Larsen & Toubro, ITC and HDFC Bank inched up by 1% each. Whereas, Maruti Suzuki, Bajaj Auto and Tata Motors slipped down between 0.30%-1.60%, Wipro Limited, Infosys and Tata Consultancy Services fell between 0.50-1%, Hindalco Industries and Dr, Reddys Laboratories declining by 1% each.

Maruti Suzuki fell by 1.60%, on reports that the company is suspending its petrol car production at Gurgaon plant to cut down its petrol cars inventory amid slowing sales.

Tata Motors and Bajaj Auto slipped down by 1.4% and 0.3%, after Bank of America Merrill Lynch downgraded Bajaj Auto from "BUY" to "UNDERPERFORMER", citing shares gain since mid-2012 and valuations it considered "Not compelling".

Overall market breadth is firm with 1,470 shares advancing while 1,091 shares declining.

Fri, Mar 08, 2013 at 11:30 AM
Markets trading firm.
Markets are trading firm amid improved risk-appetite after positive economic data from China and US with buying interest in OMC and PSU sectors. Sensex gaining up by 127.46 points or 0.66% at 19,541, while Nifty gaining up by 41.70 points or 0.71% at 5,905.

Sector wise, Metal, Oil & Gas and PSU indices surged up between 2-1%, Real-Estate, FMCG, Powe, Consumer Durables, Capital Goods and Banks gaining between 0.50-1% respectively, while IT index was trading weak, declining by 1%. In broader market, Mid-cap and Small-cap indices advanced up by nearly 1% each.

Major stock movers were, Hero Motocorp, HDFC, Gail (India), Tata Steel, Jindal Steel & Power Limited, Coal India Limited, Reliance Industries Limited, ONGC, NTPC, Cipla Limited and ITC advancing between 1-3% respectively. Whereas, Tata Motors, Hindalco Industries, Dr. Reddys Laboratories, Infosys and Tata Consultancy Services were tradingweak between 1-1.50% each.

Overall market breadth is firm positive with 1,476 shares advanced compared to 828 shares declined.

Fri, Mar 08, 2013 at 09:30 AM
Markets opened positive.
Markets have opened positive on hopes of growth recovery in US, after the unemployment number dropped to six-week low. Sensex opened up by 65.13 points or 0.34% at 19,478.67 is current up by 122.13 points or 0.63% at 19,535.67, while Nifty opened up by 20.35 points or 0.35% at 5,883.65 is current up by 35.35 points or 0.60% at 5,898.65.

Sectoral wise, IT index was trading weak, while Consumer Durables, Metal, Oil & Gas, Healthcare and PSU indices were trading positive. Whereas, in broader market, both the indices Mid-cap and Small-cap gaining up by 0.40% each. Major stock movers were, Jindal Steel & Power Limited surging up by 2%, Hero Motocorp, Mahindra & Mahindra and ONGC rising up by 1% each, Reliance Industries gaining up by 0.80%, while Infosys declining by 1%, Tata Motors and Bajaj Auto dropped by 0.40% and Dr. Reddys Laboratories fell by 0.10%.

Overall market breadth is firm positive with 853 shares advancing, while 280 shares declining.

No comments:

Post a Comment

Share This

Popular Posts

Featured Post

Sukanya Samriddhi Scheme

Sukanya Samriddhi Scheme launched by Prime Minister Narendra Modi on 22nd Januray 2015 for girl child. Under the Sukanya Samridhi Sch...

news