March 19, 2013

Market Pulse - 19 Mar, 2013

Tue, Mar 19, 2013 at 15:30 PM
Markets closed weak, amid political uncertainty.
Markets closed down amid political uncertainty after DMK withdraw support to UPA government. Sensex closed down by 277.40 points or 1.44% at 19,015.80 (provisionally), while Nifty ended down by 90.60 points or 1.55% at 5,744.65 (provisionally).

Tue, Mar 19, 2013 at 11:30 AM
Markets slips down over political uncertainty.
Markets dropped down by 1% amid political uncertainty after the DMK withdraw support to the ruling UPA (United Progressive Alliance). Sensex dropped down by 259.63 points or 1.35% at 19,033.57, while Nifty declining by 72.85 points or 1.25% at 5,762.40.

Sector wise, Oil & Gas sliding down by 0.80%, Capital Goods, Bankex, Metal, Power and IT too slipped down, while FMCG, Realty, Healthcare and Auto were marginally up. In broader markets, both the indices Mid-cap and Small-cap fell down by 1% each.

Major stock movers were, HDFC Bank Limited, HDFC, ICICI Bank Limited and State Bank of India declining by 2% each, Reliance Industries fell by 1.50% and ONGC dropped down by 3.90%, Larsen & Toubro, Tata Motors, Bharti Airtel, Hindustan Unilever and Tata Consultancy too were trading weak, while Sun Pharmaceuticals gaining up by 1% and Gail (India), Bajaj Auto, Infosys and ITC were some of the other gainers.

Overall market breadth turned weak with 1,624 shares declining compared to 680 shares advancing.

Tue, Mar 19, 2013 at 09:30 AM
Markets opened positive.
Markets opened marginally positive, amid tracking positive cues from Asian markets led by rate sensitive shares ahead of the RBI’s policy review later today. Sensex is currently up by 39.74 points or 0.21% at 19,332.94 after opening up by 84.28 points or 0.44% at 19,377.48, while Nifty is current up by 11.30 points or 5,846.55 after opening up by 18.35 points or 0.31% at 5,853.60.

Sector wise, Auto, Bankex and Realty gaining up almost by 1%, Consumer Durable, Oil & Gas, Healthcare, Power and FMCg were trading marginally positive, while Metal, Capital Goods, PSU and IT were trading weak. Broader markets too were trading positive.

Major stock movers were, Bajaj Auto, ICICI Bank Limited, Gail (India), Tata Motors Limited and Sun Pharmaceuticals gaining up between 1-2%, while Tata Consultancy Services, ONGC, Dr Reddys Laboratories, BHEL and Coal India Limited declining between 1-2% each.

Overall market breadth is positive with 809 shares advancing compared to 510 shares declining.

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