March 26, 2013

Market Pulse - 26 Mar, 2013

Tue, Mar 26, 2013 at 16:30 PM
Markets closed marginally positive, snapping its 7 days losing streak.
Markets after opening weak in the morning tracking weak global cues managed to closed marginally higher also ending its 7-day losing streak, amid buying interest in Healthcare and Consumer Goods sectors. Sensex closed up by 23.11 points or 0.12% at 18,704.53 after opening down by 36.33 points or 0.19% at 18,645.09 and touched a high of 19,028.09 and a low of 18,836.77 while Nifty ended marginally up by 7.75 points or 0.14% at 5,641.60 after opening down by 20.10 points or 0.36% at 5,613.75 and touched a high of 5.655.30 and a low of 5,612.05 for the day.

Sector wise, Consumer Durables and FMCG indices gained by 1.58% and 1.13%, IT, Auto and Bankex gaining up between 0.30-0.50% while Healthcare index was marginally up by 0.09%. Whereas, Oil & Gas index dropped by 2.06%, Realty declined by 1.95%, Capital Goods down by 1.85%, Power fell by 1.05% while Metal and PSU were down by 0.41% and 0.33%. In broader markets, Mid-cap index declined by 0.11% while Small-cap index edged up 0.04%.

Major stock gainers were, Bharti Airtel Limited surged up by 2.98%, HDFC and Hindustan Unilever 2.17% and 2.15%, Tata Motors Limited, ITC, Coal India Limited and Wipro Limited gaining up between 2%-1%, ICICI Bank Limited, Tata Consultancy Services, Jindal Steel & Power Limited and HDFC Bank Limited gaining up between 0.50%-1%, Sun Pharmaceuticals up by 0.11%, Maruti Suzuki Limited edged up by 0.11%, NTPC and Infosys were tad up by 0.07% and 0.03%.

Major stock losers were, Reliance Industries Limited and Gail (India) slumped by 3.25% and 3.20%, Tata Steel Limited, Hero Motocorp and Larsen & Toubro dropped between 3%-2%, BHEL declined by 1.76%, Tata Power Company, Dr. Reddys Laboratories, ONGC and Sterlite Industries fell by 0.50%-1% each, Bajaj Auto down by 0.39%, State Bank of India down by 0.34%, Cipla Limited and Mahindra & Mahindra declining by 0.21% each.

Gail (India) dropped down over 3.25%, reports that Tamil Nadu government has blocked work on Kochi-Bengaluru gas pipeline.

Balmer Lawrie & Company gaining by 1.67%, ahead of its board meeting today to consider a maiden bonus issue proposal.

Larsen & Toubro declined by 2.24%, after the announcement that L&T General Insurance will be merged with Future Generali Insurance.

Overall market breadth was negative with 1,459 shares declined compared to 1,290 shares advanced while 136 shares remained unchanged.

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...

Google+ Followers