12 March, 2013

Market Pulse - 12 Mar, 2013


Tue, Mar 12, 2013 at 15:30 PM
Markets closed negative, after rate cut hope faded.
Markets closed negative after opening positive in the morning, amid fading hopes of rate cut by RBI as February inflation numbers were higher than expected. Sensex closed down by 81.29 points or 0.41% at 19,564.92, after opening up by 29.60 points or 0.15% at 19,675.81 and stroked a high of 19,697.84 and a low of 19,505.75, while Nifty closed down by 28.25 points or 0.48% at 5,914.10, after opening tad up by 2.25 points or 0.04% at 5,944.60 and touched a high of 5,952 and a low of 5,893.65 in the day.

Sectoral wise, barring FMCG and Auto indices which closed up by 0.49% and 0.08%, all other indices ended negative. Leading the list Consumer Durables declined down by 1.99%, Power and Real-Estate fell by 1.36% and 1.24%, Bank and Capital Goods fell down by 0.92% and 0.90%, Metal down by 0.71%, It fell by 0.65%, Healthcare and PSU down by 0.39% and 0.28%, while Oil & Gas was tad down by 0.02%. From broader market, Mid-cap and Small-cap slipped down by 0.63% and 0.53% each.

Major stock gainers were, Hindustan Unilever Limited gaining up by 1.16%, Tata Motors Limited up by 0.96%, Jindal Steel & Power Limited advanced up by 0.62%, ITC up by 0.59%, Reliance Industries up by 0.45%, Mahindra & Mahindra gained up by 0.35%, Gail (India) inched up by 0.22%, while ONGC and Dr. Reddeys Laboratories were tad up by 0.15% and 0.12% each.

Major stock losers were, Tata Power dropped down by 3.12%, Bharti Airtel declined down by 2.13%, BHEL fell by 2.12%, HDFC Bank Limited, Sterlite Industries, Bajaj Auto Limited, Hero MotoCorp, Hindalco Industries, Infosys declining by 1.80%-1.10% respectively, NTPC and Tata Steel Limited fell by 0.97% and 0.96%, Cipla Limited down by 0.93%, ICICI Bank Limited fell by 0.69%, HDFC and Sun Pharmaceuticals declined down by 0.66%, Coal India Limited fell by 0.53%, Larsen & Toubro down by 0.49%, Tata Consultancy Services declined down by 0.28%, State Bank of India down by 0.18%, Maruti Suzuki down by 0.16% and Wipro Limited was tad down by 0.09%.

Reliance Industries Limited and ONGC gaining up by 0.90%-0.40%, after Citigroup estimated that additional inflows could be seen as an increase in their weightage in FTSE index after a re-balancing last week.

MMTC spurted up by 8%, on reports that the empowered Group of Ministers (eGoM) has deferred the decision on share sale.

Tata Power closed down by 3.12%, after Credit Suisse downgraded the stock from "Neutral" to "Underperform" and lowered its target price to Rs. 83, and stated Tata's power plant being built in Mundra should be operational in fiscal 2014, and that the company could post losses of Rs 1,500-1,600 crore per annum in the initial years.

A2Z Maintenance and Engineering Services closed down by 1.90%, reports after that investor and trader Rakesh Jhunjhunwala and his family sold partial stake in the company through open market transaction.

Overall market breadth was firm negative with 1,688 shares declined compared to 1,205 shares advanced, while 128 shares remained unchanged.

Tue, Mar 12, 2013 at 15:30 PM
Markets closed negative.
Markets have ended negative, amid higher than expected inflation for the month of February. Sensex closed down by 110.53 points or 0.56% at 19,535.68 (provisionally), while Nifty down by 36.80 points or 0.62% at 5,905.55 (provisionally).

Tue, Mar 12, 2013 at 13:30 PM
Markets extends fall.
Markets have extended its fall as inflation numbers for February month, which were higher than expected, sprinted hopes that RBI pausing the interest rate hikes. Sensex paring its morning gains fell down by 123.43 points or 0.63% at 19,522.78, while Nifty down by 32.75 points or 0.55% at 5,909.60.

Sectoral wise, Consumer Durables index slipped down by 2%, Real-Estate, Power, Bank, Metal, IT and Capital Goods declined down by 1%.

Major stock movers were, HDFC Bank, State Bank of India, ICICI Bank and HDFC declining between 1%-2%, BHEL, Larsen & Toubro fell down between 0.30%-1%, Bharti Airtel, Hindalco Industries, Sterlite Industries, Bajaj Auto, Tata Steel Limited and Hero Moto were other loser. While Reliance Industries and ONGC gained up by 0.90% and 0.40%.

Reliance Industries Limited and ONGC gaining up by 0.90%-0.40%, after Citigroup estimated that additional inflows could be seen as an increase in their weightage in FTSE index after a re-balancing last week.

MMTC spurted up by 8%, on reports that the empowered Group of Ministers (eGoM) has deferred the decision on share sale.

Tata Power down nearly by 3%, after Credit Suisse downgraded Tata Power Company Limited from "Neutral" to "Underperform" and cut it's target price to Rs 83.

Over all market breadth is negative with 1,6443 shares declining compared to 1,001 shares advancing.

Tue, Mar 12, 2013 at 12:00 PM
Markets turns weak post February inflation data.
Markets pared off its early gains and slipped down, after inflation numbers for the month of February were higher than expected, which sprinted the hopes that the RBI would pause interest rate hikes. Sensex fell down by 64.67 points or 0.33% at 19,581.54, while Nifty down by 25.45 points or 0.43% at 5,916.90.

Sector wise, expect FMCG index all other indices are trading negative. Consumer Durables declined down nearly by 2%, Bank, Power, Real-Estate and IT also fell down nearly by 1%. In broader market both the indices Mid-cap and Small-cap fell down by 0.42% and 0.24% respectively.

Major stock movers were, Bajaj Auto Limited, Bharti Airtel, Tata Consultancy Services, Hero Motocorp, HDFC Bank Limited, Maruti Suzuki and Tata Steel declining between 1%-2% respectively.

Overall market breadth is weak with 1,385 shares declining compared to 1,058 shares advancing.

Tue, Mar 12, 2013 at 10:30 AM
Markets trading firm.
Markets trading marginally positive after lackluster trades in the opening session. Sensex is marginally up by 28.41 points or 0.14% at 19,674.62, while Nifty is almost flat up by 3.85 points or 0.06% at 5,946.20

Sectoral wise, Oil & Gas index gaining up 0.7%, Auto, Real-Estate and Metal indices were also up by 0.5% each, while IT index declined by 0.60%, FMCG, Healthcare and Consumer Durables also fell by about 0.50% each.

Major stock movers were, Tata Motors up by 1.20%, Mahindra & Mahindra, Reliance Industries, State Bank of India and ICICI Bank gained up by 1% each, ONGC up by 0.70%, while Bharti Airtel and Tata Consultancy Services slipped down by 1% and Coal India down by 0.30%.

Mon, Mar 12, 2013 at 09:30 AM
Markets opened positive.
Markets have opened positive, tracking positive cues from global markets and also investors are awaiting for macro economic data including IIP and inflation numbers, which are to be released later this week. Sensex opened up by 29.60 points or 0.15%, while Nifty opened marginally up by 2.25 points or 0.04% at 5,944.60.
br /> Sector wise, Auto index gained up by 0.60%, Oil & Gas, Real-Estate and Metal indices advanced up by 0.50%, while IT index fell by 0.60%, FMCG and Healthcare indices were down marginally.

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