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26 March, 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.

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