March 6, 2013

Wed, Mar 06, 2013 at 16:00 PM
Markets closed firm, amid positive global cues.
Markets have closed higher, amid positive global cues, led by buying interest IT and Capital Goods sectors. Sensex closed up by 109.44 points or 0.57% at 19,252.61 after opening up by 111.03 points or 0.58% at 19,254.20 and clocked a high of 19.293.39 and a low of 19,195.47, while Nifty closed up by 34.35 points or 0.59% at 5,818.60 after opening up by 32.15 points or 0.56% and touching a high of 5,828.70 and a low of 5,795.05 in the day.

Sector wise, barring FMCG and and Consumer Durables which ended down by 1.05-0.44% each, all other indices ended up. Leading the list Real-Estate index surged up by 4.52% followed were Capital Goods and Metal gaining by 2.47%-2.20%, IT advancing by 1.32%, Oil & Gas up by 0.84%, PSU, Bank and Power higher by 0.66%-0.64% respectively, Auto gaining by 0.32% and Healthcare tad up by 0.18%. In broader market, Mid-cap index closed up by 1.14%, while Small-cap index gained up by 1.50%.

Major stock movers were, Sterlite Industries and Hindalco Industries surged up by 4.60-3.25% each, Tata Motors and Larsen & Toubro gaining up by 2.88-2.86% each, Tata Steel advanced up by 2.59%, BHEL gained up by 2.19%, Wipro Limited up by 1.86%, State Bank of India up by 1.67%, Infosys gained up by 1.56% ICICI Bank and Tata Consultancy Services gaining up by 1.15-1.14% each, Reliance Industries Limited and ONGC advanced up by 1.03%-0.86% each, Dr Reddys Laboratories and Jindal Steel & Power Limited gained up by 0.76-0.72%, Bajaj Auto up by 0.26%, HDFC gained up by 0.14%, while Hero Motocorp was tad up by 0.05%.

Major stock losers were, Mahindra & Mahindra declining by 2.16%, Hindustan Unilever fell by 1.98%, ITC down by 1.57%, Maruti Suzuki declined by 1.21%, Gail (India) down by 0.83%, NTPC fell by 0.60%, Tata Power down by 0.36%, HDFC Bank down by 0.29%, Coal India down by 0.20%, Sun Pharmaceuticals declining by 0.17%, while Cipla Limited and Bharti Airtel tad down by 0.08% each.

The workers yesterday partially stopped production at two assembly lines, causing an output loss of around 90 vehicles. La Opala spurted up by 20%, after the company recently announced three-fold jump in stand-alone net profit at Rs. 9.28 crore for the third quarter ended on 31st December 2012 comapred to Rs. 3.69 crore a year ago.

Uttam Galva Steels ended up by 5%, after company announced that its planning to raise about Rs 175 Crore through placement of shares to fund expansion and augment long term-resources. The company has called for Extra Ordinary General Meeting (EGM) on 23rd March, 2013 for approval by the shareholders.

Mahindra & Mahindra closed down by 2.16%, as company reported that its workers at Nashik plant has issued a notice to the company management to go on strike on or after 11th March, 2013 if their demands for wage raise are not settled by the company.

Overall market breadth was firm, with 1,730 shares advanced compared to 1,116 shares declined while 131 shares remained unchanged.

Wed, Mar 06, 2013 at 14:30 PM
Markets continue to trade firm.
Markets continue to trade firm on back of surge in overseas inflows amid speculation that the US Federal Reserve will continue its accomodative monetary policy stance.Sensex gained up by 82 points at 19,219.42, while Nifty gained up by 26 points at 5,809.40.

Sector wise, except for FMCG index all other indices Real-Estate, Capital Goods, Metals, Bank and IT were positive. In broader market Mid-cap gained up by 1.30%, while Small-cap gained up by 1.60%.

Major stock movers were, Larsen & Toubro and BHEL rising over 2.6% and 1.5% respectively, Tata Steel, Hindalco and Sterlite Industries rising between 2-4%, Tata Motors gained up by 2%, Wipro and Infosys were up by 1.5% each, State Bank of India and ICICI Bank rose up 1% each and Reliance Industries gained up by 1%. Whereas, HUL and ITC declining by 1.5% and 1% respectively, Gail (India) fell by 1%, Mahindra & Mahindra dropped by 1%, HDFC and HDFC Bank declining nearly by 0.1%.

Among other notable movers, La Opala RG locked in upper circuit of 20% for second consecutive day, rising by 44% in two straight sessions, on back of heavy volumes.

Overall market breadth is firm, of 2,802 shares traded, 1,708 shares advanced, while 972 shares declined.

Wed, Mar 06, 2013 at 13:00 PM
Markets trading firm.
Markets trading firm, amid buying in Capital Goods and IT sectors after global rating agency indicated that India's GDP growth for fiscal year 2013-14 could climb up to 6.40% and might further increase to 7.20% in fiscal year 2014-15. Sensex gaining up by 116 points at 19,260, while Nifty up by 34 points at 5,819. Sector wise, Real-Estate index spurted up by 4.70%, Capital Goods, IT and Metal indices too were trading positive. In broader market, both Mid-cap and Small-cap indices were positive up by 1.20% each. Major stock movers were, Sterlite Industries surged up by 4.60%, Larsen & Toubro gaining up by nearly 3%, Tata Steel up by 2.50%, Hindalco Industries gained up by 2.50%, BHEL gained up by 1.70%, Wipro Limited up by 1.50%, Infosys up by 1.40%, Tata Consultancy Services and Jindal Steel & Power Limited inched up by 0.70-0.50%, Reliance Industries Limited up by 0.90%, ITC fell by nearly 1%.

Larsen &: Toubro surging up by nearly 3%, after upgraded from "Neutral" to "Buy" by Goldman Sachs, citing cheaper valuations of L&:T's recent under performance against index and prospect of stable revenue growth over the medium term.

Overall market breadth was firm with 1,613 shares advancing compared to 916 shares declining.

Wed, Mar 06, 2013 at 11:30 AM
Markets consolidates gains.
Markets consolidates gains, with significant buying in Real-Estate, Auto and Bank sectors amid interest rate cut optimism by Reserve Bank of India to boost growth. Sensex gaining up by 70 points at 19,205.42, while Nifty up by 17 points at 5,801.40.

Sectoral wise, Real-Estate, Capital Goods, Bank, Auto, Metal indices were trading positive, while FMCG was trading negative. In broader market both Mid-cap and Small-cap indices gaining up by 1.30% each.

Major stock movers were, Larsen & Toubro rising up by 2.60% and BHEL gaining up by 1.50%, Wipro Limited and Tata Motors up by 2% and Infosys and Reliance Industries Limited gaining up by 1%, while ITC, Mahindra & Mahindra and Gail (India) declining by 1% each, Hindustan Unilever down by 0.50%, Cipla Limited and Dr Reddys Laboratories down by 0.50%.

AstraZeneca Pharma India declined by almost 10%, after the multinational pharmaceutical company said that its promoter AstraZeneca Pharmaceuticals AB Sweden has decided to reduce its shareholding in the company to meet minimum public shareholding norm.

Among other notable movers were, Housing Development and Infrastructure (HDIL), Oberoi Realty, Sobha Developers, Anant Raj Industries, Indiabulls Real Estate, DB Realty and Peninsula Land rallying up by more than 5%, on hopes of Repo Rate cut by Reserve Bank of India on cooling inflation.

Galva Steels locked in upper circuit of 5%, after the company said it planning to raise about Rs 175 crore through placement of shares to fund expansion and augment long term-resources.

Overall market breadth is positive with 1,474 shares advancing compared to 704 shares declining.

Wed, Mar 06, 2013 at 09:30 AM
Markets opened positive, tracking positive global cues.
Markets opened higher amid tracking positive global market cues. Global investor sentiment improved after US service-industry growth gained momentum, while China maintained its economic-growth target at 7.5 per cent for 2013. Sensex opended up by 111.03 points at 19,254.20, while Nifty opened up by 32.15 points at 5,816.40.

Sectoral wise, Capital Goods, Bank, Real-Estate and Auto indices were leading the gains. In broader market, Mid-cap and Small-cap too were trading positive up by 0.20-0.30% respectively. Overall market breadth was positive, with 381 shares advanced while 85 shares declined.

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