March 25, 2013

Market Pulse - 25 Mar, 2013

Mon, Mar 25, 2013 at 15:30 PM
Markets closed weak after firm opening.
MArkets closed weak after opening firm. Sensex closed down by 55.24 points or 0.29% at 18,680.36 (provisionally) while Nifty ended down by 16.35 or 0.29% at 5,635.00 (provisionally).

Mon, Mar 25, 2013 at 14:30 PM
Markets turned weak, amid profit booking.
Markets after opening up in the morning have pared off its gain amid profit booking in select counter. Sensex is down by 52.17 points or 0.28% at 18,683.43, while Nifty is down by 10.10 points or 0.18% at 5,641.25.

Sectoral wise, PSU, Realty, Oil & Gas and Power indices gained while IT, Auto and FMCG indices declined. In broader markets, both the indices were trading positive with Mid-cap up by 0.20% and Small-cap gaining up by 0.40%.

Coail India inched up by 0.50% after P.Morgan upgraded Coal India to "Neutral" from "Underweight", stating that the decline in the share price this year is making the risk reward relatively more attractive.

Hindustan Unilever gained by 0.40% after Deutsche Bank upgraded Hindustan Unilever from "Neutral" to "Buy".

Nestle India declined by 1.30%, after the Indian unit of Nestle Group stated that it would implement a staggered increase in royalty payments to the parent company of 0.20% per year over the next five years.

Overall market breadth turned negative, with 1,353 shares declining compared to 1,250 shares advancing.

Mon, Mar 25, 2013 at 09:30 AM
Markets opened higher, tracking positive global cues.
Markets have opened higher tracking positive global cues. Sensex surged up by 129 points at 18,865, while Nifty gaining up by 39 points at 5,691.

Sector wise, barring IT index which was trading negative, all other indices gaining were Realty, Consumer Durable, PSU and Oil & Gas surging up by nearly 2%, Power, Banks, Metal and Capital Goods also gaining up by 1% each. In broader markets, both the indices Mid-cap and Small-cap were trading firm up by nearly 1% each.

Major stock movers were, Gail (India), ONGC, HDFC Tata Power Company, NTPC, Tata Steel Limited, State Bank of India, ICICI Bank Limited and Maruti Suzuki surging up between 1-3%, while Bharti Airtel, Infosys and Bajaj Auto declining by 1% each.

Oil marking companies (OMC) shares rallied up by 5% in the morning deals after the public sector oil retailers increased diesel retail prices by 45 paise a liter. Indian Oil Corporation, HPCL and BPCL were trading higher up by 3%, while ONGC and Oil India surged up by 4% and 5%.

Overall market breadth is firm positive with 908 shares advancing compared to 434 shares declining.

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