19 March, 2013

Market Pulse - 18 Mar, 2013


Fri, Mar 15, 2013 at 16:30 PM
Markets closed lower, amid weak global cues.
Markets closed lower, amid weak global cues, weighed down by selling pressure in rate sensitive shares as investors turned cautious ahead of the RBI policy on Tuesday. Sensex closed down by 134.36 points or 0.69% at 19,293.20, after opening down by 144.93 points or 0.75% at 19,282.63 and striking a high of 19,345.42 and a low of 19,232.23, while Nifty closed down by 37.35 points or 0.64% at 5,835.25, after opening down by 55.85 points or 0.95% at 5,816.75 and touched a high of 5,850.20 and a low of 5,814.35 in the day.

Sectoral wise, FMCG, Consumer Durables and Healthcare were only indices which managed to end positive up by 0.68%, 0.32% and 0.30%, while all other indices ended the day negative. Metal index dropped down by 2.34%, followed by PSU and Auto declining by 1.64% and 1.44%, Realty and Oil & Gas also fell by 1.21% and 1.20% each, Power, Bankex and IT down between 0.80-0.50%, while Capital Goods index was tad down by 0.04%. In broader markets, Mid-cap index declined marginally by 0.29% while Small-cap index declined by 0.67% respectively.

Major index gainers were, Cipla Limited gaining up by 1.70%, Hindustan Unilever advanced up by 1.20%, HDFC Bank gained up by 0.75%, ITC up by 0.66%, while Hero Motocorp and Larsen & Toubro marginally up by 0.18% and 0.13%.

Major index losers were, Coail India Limited dropped down by 5.41%, Tata Power Company and Gail (India) declined by 3.43% and 3.16%, Maruti Suzuki, Sterlite Industries and Bajaj Auto declined down between 3-2% each, Wipro Limited, Tata Motors Limited, ICICI Bank Limited, Tata Steel Limited, Reliance Industries Limited, Dr. Reddys Laboratories, Mahindra & Mahindra and HDFC down between 2-1% each, Bharti Airtel, BHEL, Infosys, Jindal Steel, ONGC and State Bank of India dropped between 1-0.50%, HIndalco Industries Limited down by 0.47%, Tata Consultancy Services fell by 0.39%, NTPC marginally down by 0.27%, while Sun Pharmaceuticals tad down by 0.03%.

Coal India Limited slumped by 5.41%, on reports that the government is offloading 10% equity through share sale of Rs 20,000 crore, to meet half of the disinvestment target for the fiscal year 2013-14.

Bharti Airtel dropped by 0.98%, after reports that DoT (Department of Telecommunication) has asked the company to stop 3G services with in 3 days in the circles it dose not have the required licences.

Overall market breadth was firm negative with 1,757 shares declined compared to 1,091 shares advanced, while 121 shares remained unchanged.

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